Strong Demand

Growing Market Opportunities in Marine Fisheries

πŸ“ˆ Global Outlook

The global seafood market is expected to register an annual growth of 2.9% from 2021 to 2027.

The global market was estimated at USD $113.2 Billion in 2020 and is projected to reach USD $138.7 Billion by 2027.

As a result of COVID-19, capture fishery production in some countries was halted or reduced, encouraging long-term transformations in the sector.

Source: Research and Markets, 2021

🌍 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 allows investors to access over 40 million consumers.

Source: UNFAO, 2020

Fishing in Sierra Leone

The fisheries sector supports livelihoods and food security across Sierra Leone’s coastal communities.