Yet despite notable progress in some areas, the state of the world's marine resources has not improved - the UN agency's report says that almost a third of commercial fish stocks are now fished at biologically unsustainable levels, triple the level of 1974.
Global total capture fishery production in 2014 was 93.4 million tonnes, including output from inland waters, up slightly over the previous two years.
Alaska pollock was the top species, replacing anchoveta for the first time since 1998 and offering evidence that effective resource management practices have worked well. Record catches for four highly valuable groups - tunas, lobsters, shrimps and cephalopods - were reported in 2014.
The aquaculture sector's global production rose to 73.8 million tonnes in 2014, a third of which comprised molluscs, crustaceans and other non-fish animals.
Importantly in terms of both food security and environmental sustainability, about half of the world's aquaculture production of animals - often shellfish and carp - and plants - including seaweeds and microalgae - came from non-fed species.
Globally, fish provided 6.7 per cent of all protein consumed by humans, as well as offering a rich source of long-chain omega-3 fatty acids, vitamins, calcium, zinc and iron. Some 57 million people were engaged in the primary fish production sectors, a third of them in aquaculture.
Fishery products accounted for one per cent of all global merchandise trade in value terms, representing more than nine per cent of total agricultural exports. Worldwide exports amounted to $148 billion in 2014, up from $8 billion in 1976. Developing countries were the source of $80 billion of fishery exports, providing higher net trade revenues than meat, tobacco, rice and sugar combined.
"Life below water, which the Sustainable Development Agenda commits us to conserve, is a major ally in our effort to meet a host of challenges, from food security to climate change," FAO Director-General José Graziano da Silva.
"This report shows that capture fisheries can be managed sustainably, while also pointing to the enormous and growing potential of aquaculture to boost human nutrition and support livelihoods with productive jobs."
Further Reading
The full report, entitled 'The State of World Fisheries and Aquaculture (SOFIA) 2016' is available here.