Matt Craze, lead researcher at Spheric Research, sat down with our co-hosts at the end of last year to discuss the 2025 industry trends in land-based aquaculture. He highlights a significant increase in deal flow with known investments surpassing US$2 billion. Over 90% of investments were in Atlantic salmon, with notable projects in Norway, Iceland, and Japan. The conversation also touched on the importance of a favourable regulatory environment, government support, and the need for more success stories to attract investors.