Soy is preferred protein replacement in U.S. aquaculture - Indiana Corn and Soy

Soy is preferred protein replacement in U.S. aquaculture

Posted: October 31, 2022
Category: Indiana Corn and Soybean Post - Fall 2021, ISA

Soybeans are the preferred protein replacement in aquaculture – the fastest growing protein sector. SAA is dedicated to expanding the use of U.S.-grown soybeans in domestic aquaculture diets by supporting research that pushes forward the conversation on soy use in aquafeed, growing partnerships and sharing the story of this growing sector.

As farmers know, U.S. soybeans are consistent and dependable. That consistency has proven to be a dependable protein replacement for fishmeal, a costly addition to aquaculture diets.

According to a 2020 study, total soybean demand in U.S. aquaculture in 2018 was 8.6 million bushels. These numbers are only continuing to grow; aquaculture is the fastest growing domestic protein sector, with a market value of $160 billion and an expected compounding annual growth rate of 2.5 percent until 2030.

Americans eat an average of 16 pounds of seafood per year, amounting to nearly 900 million pounds of salmon and trout alone. However, the U.S. is only producing about 80 million pounds of those fish.

While almost all U.S.-based aquaculture feeds are sourced from U.S. farmers, there is an opportunity to boost this amount with the increase of domestic aquaculture. Increasing soybean inclusion rates in those diets will also increase the opportunity in this growing segment for U.S. soybean farmers. The dependability of U.S. soybeans has led to more than 240 million bushels of soybeans used globally.

Leaders of the Soy Aquaculture Alliance met at Rushing Waters Fisheries and Trout Farm in Palmyra, Wis. on Aug. 19. At left, SAA Board Secretary Keevin Lemenager, a farmer from Monrovia, Ind., and an Indiana Soybean Alliance Board member, poses with Rushing Waters owner Peter Frisch and SAA Executive Director Kenlon Johannes.

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