NCRA offers a full range of land-based recirculating aquaculture system (RAS) services to aquaculture projects. Their innovative land-based RAS, combined with their expertise in engineering, are the answers to a rapidly increasing global demand for high-quality seafood.
In recent years, there has been an increase in demand for seafood, fortunately, technology has made it possible to grow food sustainably. This technology, aquaculture, has made it possible to rebuild endangered or threatened species, restore habitats and replenish wild stocks.
Aquaculture is extremely important as implanting it can feed millions of people while being sustainable and environmentally friendly.
NCRA and its subsidiaries not only design, develop, and produce land-based recirculating aquaculture systems for fish farming in Taiwan, they also engage in the construction, management, and operation of aquaculture facilities.
This is incredible feat for an emerging company, who in 2020 reported $1.2 million in revenue.
“We are pleased to report significant growth in our total sales, operating income, and shareholders’ equity. Fiscal 2021 saw strong growth in our construction services division. We expect there to be continued strong demand for our Recirculating Aquaculture Systems as well as construction services.”
Jeff Cheng, President, CEO and Chairman of the Board of NCRA
Overfishing of our oceans and other natural resources is continuously increasing year over year and we need alternate sources for seafood to feed the planet’s ever-growing population.
NCRA is meeting the demand of the food crisis, with seven projects currently, and plans to expand in the U.S.
Not only is aquaculture becoming a necessity, it is also a sustainable option for consumers, especially in comparison to other farmed proteins.
Seafood has the highest protein retention compared to chicken, pork and beef. It also has the lowest feed conversion ratio among the same forms of protein. Not only that, but aquaculture has lower greenhouse gas emissions than other types of farming!
NCRA’s land-based RAS (recirculating aquaculture system) is much more efficient that natural water-body systems.
Water-body systems can cause environmental problems caused by overpopulation and lack of proper water filtration. While land-based RAS is highly efficient while being much more environmentally friendly and providing a cleaner environment for fish farming.
This U.S. publicly traded company is becoming an emerging leader in the aquaculture system and food packaging industry.
In 2020, the global aquaculture market was valued at $204 billion and is expected to reach $262 billion by the end of 2026, growing at a compound annual growth rate (CAGR) of 3.6% from 2021-2026. The largest regions for aquaculture are the Asia-Pacific, South Asia, and Europe and they account for more than 70% of the world’s aquaculture production.
Aquaculture is expected to grow at exciting rates as the demand for seafood, sustainability grows and the number of caught fish decreases. Companies like NCRA are exciting to have on your radar as they solve the global crisis with their innovative technology.
NCRA also sits in the bustling food packaging industry. The food packaging market was valued at USD 301.3 billion in 2020 and is expected to reach USD 411 billion by 2026, at a CAGR of 5.5% over the forecast period 2021 - 2026.
The company is emerging as a leader in its field proven by their revenue growth from 2020-2021. NCRA recently announced that the company’s revenue grew from $1.2 million in 2020 to approximately $9.9 million in 2021. This is a 733% increase or $8.8 million!
With seven aquaculture projects currently operating, NCRA has plans to expand their projects into the U.S. this year! The company’s operations are not only environmentally safer than traditional farming, they also produce 80% more food than traditional fish farming!
NCRA is committed and dedicated to making a greener world. The company believes their land-based RAS represents a large-scale, environmentally friendlyfriendly, and economically feasible form for bringing clean fish to the table and bringing clean water back to the people.
Their services are cost competitive, reduce water pollution and recycle fish waste, and will help make for a better world in the years to come.
The fishing/fish farming industry in the Asia Pacific region was predominately regulated by governments allowing fish farmers to set up fishnets in public water including water dams, rivers, lakes, etc. It is the dominant source of freshwater fish for both domestic demands and exports. However, the forms of netting and harvesting in the industry are uneconomic and generate continuous supply issues. In order to address the problem of sustainability, NCRA believes it is a great opportunity for them to promote land-based recirculating aquaculture systems ("RAS").
The company designs, builds, and procures the equipment needed to build and operate land-based fish farms. Our primary manufactured product is recirculating aquaculture systems (RAS). They are fully vertically integrated, providing EPC (Engineering Procurement Construction) Solutions to the Aquaculture Industry.
Natural Water Body
Land-Based RAS Systems
RAS is the ability to reduce the need for fresh, clean water while still maintaining a healthy environment for fish. RAS have high fish stocking densities and can be operated economically commercial.
The food packaging market was valued at USD 301.3 billion in 2020 and is expected to reach USD 411 billion by 2026, at a CAGR of 5.5% over the forecast period 2021 - 2026.
In 2020, the global aquaculture market was valued at $204 billion and is expected to reach $262 billion by the end of 2026, growing at a compound annual growth rate (CAGR) of 3.6% from 2021-2026.
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