Artisanal fisheries and aquaculture have long been the lifeblood of many African nations, weaving a rich tapestry of food security, economic opportunity, and cultural traditions. Today, these sectors are experiencing a period of exciting growth, not only in terms of production but also in their strategic importance for the continent's future.
Figure 1. Precedence Research, Aquaculture market size projection from 2022-2032.
With an annual output exceeding 5.2 million tonnes, valued at a staggering €5.3 billion, Africa's artisanal fisheries and aquaculture industries hold a significant stake in the global market. This translates to a remarkable 22% share of the world's total yield, a testament to the continent's vast potential in this arena.
Africa's vast coastlines and underutilized freshwater resources offer a prime opportunity for investment in aquaculture. This can be a win-win situation. By boosting fish and seafood production, aquaculture can create jobs, increase food security, and contribute to economic growth. This is especially important considering the continent's rising demand for fish and the strain on wild fisheries. With proper investment, Africa can not only feed itself but also become a major player in the global seafood market.
Here at Oxano, we have talked to various companies in this sector to build a pipeline of strong companies with investment opportunities. Get in touch if you would like to be one of them or if you are interested in exploring the opportunities for an investment.