Strong Demand
Global Outlook
The global seafood market is expected to register an annual growth of 2.9% from 2021 to 2027.1 The global market was estimated at USD $113.2 Billion in 2020 and is projected to reach USD $138.7 Billion by 2027.1 As a result of COVID-19 capture fishery production in some countries has been brought to a halt or significantly reduced, this is predicted to encourage long-term transformations within the sector.
Regional Outlook
Fishery contributes over 10% to GDP and provides an estimated 80% of animal protein consumed in Sierra Leone. Leveraging the regional market to achieve economies of scale will allow investors to access a market of over 40 million consumers.
