Value chain
Broodstock → hatchery → smolt → post-smolt → sea cage or land-based grow-out → harvest and processing → export.
Atlantic salmon is the world's most valuable farmed finfish by revenue. Production splits between sea cages, post-smolt RAS and land-based grow-out — each with distinct capital and biological profiles.
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Broodstock → hatchery → smolt → post-smolt → sea cage or land-based grow-out → harvest and processing → export.
Sea cages dominate volume and cost; post-smolt RAS is now industry-standard for reducing sea-time; full land-based RAS is the growth frontier in importing markets.
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