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"I want a thriving and sustainable fishing industry that continues to contribute to New Zealand’s export-led recovery," the Oceans and Fisheries Minister said.

The aquaculture feed giants will design a feed specifically tailored to the conditions of New Zealand’s King salmon.

Aquaculture is forecast to grow 13% in the last 12 months, while wild capture is forecast to fall 3% due to lower volumes.

The University of Waikato and Māori-owned family AgriSea collaborate to promote innovation and enhance native seaweeds.

It could be even less, following the Board's decision to reduce harvest volumes for approximately 4 months to rebuild biomass after a period of lower-than-expected growth.

The New Zealand Aquaculture Development Plan 2025 – 2030 was launched at the Havelock Mussel and Seafood Festival in Marlborough on Saturday.