PERU – Global fishmeal production surged by nearly 23% in the first nine months of 2024 compared to the same period in 2023, with Peru’s anchovy fishery leading the charge. 

Known as the world’s largest supplier of anchovy oil, a key ingredient in fishmeal, Peru’s thriving fisheries sector has defied global trends of decline, cementing its status as a cornerstone of the global aquafeed supply chain.  

Accounting for roughly 20% of the world’s fishmeal production, Peru has leveraged its robust anchoveta fishery, the largest of its kind, to maintain its competitive edge. 

This growth is tied to the success of the North-Centre fishing season, where nearly 20% of a 2.51 million-metric-tonne quota was met by early November, according to the International Fishmeal and Fish Oil Organization (IFFO). 

The country’s fishmeal productivity has not only bolstered global supply but also mitigated declines in other regions, particularly China, where reduced wild catches have dampened production in 2024.  

The sustainability of Peru’s fisheries has garnered international recognition, with the Monterey Bay Aquarium Seafood Watch program awarding its anchovy fishery a coveted “green” rating. 

This certification, which signifies low environmental impact and healthy stock levels, underscores Peru’s commitment to responsible fisheries management. 

According to Seafood Watch, the fishery operates transparently, with robust mechanisms to prevent overfishing and preserve ecosystem health.  

This achievement has been celebrated across the aquaculture industry. Katherine Bryar, Biomar Global’s marketing director, praised the certification as a testament to the sustainable management of Peru’s anchovy fishery. 

Jorge Díaz Salinas, global sustainability director at Skretting, noted that it reinforces confidence in the environmental stewardship of Peruvian fisheries, which are vital to the aquafeed supply chain.  

While Peru’s fishmeal production has seen notable growth, fish oil output globally recorded only a modest 1% increase year-on-year. 

However, rising fishmeal imports by China suggest stockpiling in preparation for the 2025 aquaculture season, when demand is expected to rebound.  

Beyond fishmeal, Peru stands out for its diverse seafood offerings, including tuna, shrimp, squid, and processed fish products like burgers and nuggets. 

As the world’s top exporter of fishmeal and fish oil, Peru continues to balance scaling production with environmental responsibility.

With a healthy biomass and sustainable practices, the nation not only supports the growing demand for aquafeed but also serves as a global model for fisheries management. 

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