Upgrade your membership plan for the full website experience.
View Membership Plans
April 24, 2024

Indonesia’s Aquaculture Technology Growth

shrimp farm indonesia
April 24, 2024

Aquaculture or aqua farming, the practice of farming seafood, includes various activities such as stocking, feeding, and protection to enhance productivity. The global aquaculture market, driven by rising technological developments, is projected to reach a value of US$421.2 billion by 2030. Indonesia, a major exporter of fish and shrimp, stands at the forefront of this opportunity. Startups in the country are leveraging technology, including using mobile apps, to address challenges such as under or overfeeding, thereby enhancing productivity, reducing costs, and improving the quality and quantity of cultivated seafood. Moreover, technological interventions can expedite harvest cycles, facilitating easier access to markets for farmers. With Indonesia's national focus on fostering technological innovation in aquaculture, the sector is witnessing robust growth, attracting significant interest from international food corporations and investors.
The Indonesian government has set ambitious targets for aquaculture growth by 2030 also to combat high rates of malnutrition and stunting. Initiatives include plans to revitalize more than 300,000 hectares of idle shrimp-farming ponds to produce 2 million metric tons (MT) of shrimp by 2024. Additionally, the Ministry of Marine Affairs and Fisheries aims to export US$7.2 billion worth of fishery products by the end of 2024. However, some challenges such as resource management, sustainable production, and environmental protection necessitate collaborative efforts within ASEAN. Addressing these challenges presents opportunities for Indonesia and ASEAN nations to engage in knowledge-sharing and collaborative initiatives. Focus areas include sustainable environmental planning, particularly in terms of land clearing and waste management for the farms. As ASEAN states anticipate continued growth in seafood demand, aquaculture is poised to play a pivotal role. Enhanced innovation, policy frameworks, capacity building, and monitoring mechanisms are imperative to meet this rising demand sustainably. The US private sector can contribute by extending technological solutions and collaborating with Indonesian start-up companies founded by young Indonesians committed to sustainable food production and job creation. Collaborative endeavors can support Indonesia's goals of fostering productive fisheries, preserving marine ecosystems, and safeguarding biodiversity.

Join the Council to continue reading this article
Enhance your business impact in Southeast Asia: Become a member of the US-ASEAN Business Council and tap into a network of possibilities.
Free Related Articles

Membership Plans

Corporate Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • Business missions to all 10 ASEAN markets which engage governments at the highest levels.
  • Off-the-record roundtables and policy briefings with senior government leaders in ASEAN and the U.S.
  • On-the-ground support for promoting your positions/policy priorities with policy makers.
  • Industry-specific, country-specific, cross-sector and regional advocacy through committees that target their engagement based on member priorities.
  • Advocacy on your behalf in situations where your company should not be directly identified or is unable to be present.

Chairman’s Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • All Corporate benefits.
  • Assistance with resolving company-specific trade or investment issues through our six regional offices and U.S.-based staff.
  • Develop effective advocacy strategies to impact policy concerns.
  • Identification of, and engagement with appropriate policy influencers to impact policy concerns.
  • Assistance in conducting follow-up after engaging government leaders (can include providing officials with additional materials, setting up meetings with their staff, getting a readout of the government’s reaction to the discussion).
  • Support for developing arguments that will resonate with target stakeholders.
  • Leading and setting the agenda and policy priorities of the Country and Industry Committees.