Aquaculture Analysis Shows Opportunity for Maine

Tidings | Dec 27, 2016

A white boat drifts on blue water next to a line of floating cages.

In a report published this fall, our aquaculture program team announced important findings from their recently completed market analysis for farmed shellfish in Maine.

Today, Maine’s aquaculture industry accounts only for approximately 1% of total domestic shellfish production, delivering approximately $6.5 million in landed value to Maine’s economy. The findings of this report indicate an opportunity to quadruple the landed value in Maine, with projected growth exceeding $30 million by 2030.

Since late last year, GMRI has convened Maine’s aquaculture industry — including active farmers, leading consultants, trade groups, and others — to better understand the current market challenges and opportunities for Maine in this global industry. This system-level focus is reflected in the report, and is meant to benefit the industry as a whole.

"Our goal is to help farmers grow their businesses, help the business community understand the investment opportunity, and help diversify and grow our coastal economy,” said GMRI President/CEO Don Perkins. “We firmly believe a healthy and robust aquaculture industry needs to include businesses of all sizes — large and small.”

Learn more about this report and our other aquaculture efforts.

  • True Fin: Serving Fish & Fishermen

    True Fin: Serving Fish & Fishermen

    We spoke with True Fin CEO Jen Levin, GMRI Chief Ventures Officer Blaine Grimes, and fisherman Joe Letourneau to learn more about how True Fin …

    Perspectives

  • Investigating Sea Level Rise

    Investigating Sea Level Rise

    A new community science effort invites coastal communities to document the impacts of sea level rise.

    Tidings

  • Seafood Sprint Launches

    Seafood Sprint Launches

    A recent grant from the Economic Development Authority powers our Gulf of Maine Ventures team's new partnership with a Boston-based bluetech startup platform.

    Tidings

  • New: Mariners' Dashboard

    New: Mariners' Dashboard

    Our Ocean Data Products team announces the launch of a new tool for people who work and recreate on the water.

    Tidings