There are many great seafood choices available to consumers today, but we decided to focus on two most popular species with the largest market shares: shrimp and salmon.
Here is why:
Americans love shrimp, which is by far the most popular seafood in the United States. Salmon is the second most popular and one of the healthiest seafood to consume. Both species dominate the market by consumption per capita and account together for around 40 percent of the entire seafood market in the country.
With our fast-paced world getting even faster, our goal is to achieve a high capital growth across the entire timeframe we expect to invest for; i.e. short-term or more than one year but less than three years, medium-term or more than three years but less than eight years, and long-term or more than eight years.
Here is how:
With shrimp reaching market size in the controlled environment of warm-water RAS in just under four months, we expect each shrimp farm to start generating revenue within the first year of investment while new salmon farming operations are expected to become revenue-generating in the second and third investment years.
Offering branded, value-added seafood, including the meal kits, through Aquabanq’s seafood e-commerce platform should ensure both our long-term independence and long-term growth.
We believe that a horizontal diversification of our income streams by species, growth and revenues cycles, brands, sales and distribution channels is an effective strategy tool to reduce Aquabanq’s vulnerability to factors over which it has no or limited control, stabilize cash flow, boost brand image, and—most importantly—stay in touch and engage directly with consumers.