CARE Bangladesh has been implementing the “Shomoshti – Prosperity for the Poor and Disadvantaged” project, which is aimed at delivering cross-cutting interventions to over 180,000 poor and disadvantaged households in Bangladesh. The Swiss Agency for Development and Cooperation (SDC)-funded project is undertaking direct interventions under several threads with the goal of improving well-being for targeted poor, disadvantaged and marginalized households and building solidarity for raising their demand and negotiate their access to relevant services, with a special emphasis on women.
The project is currently in its second phase now with its inception in March 2016. As part of their market intervention plans, CARE Bangladesh is looking to incorporate more BoP population to engage in economic activities through crab sub-sector. It has been observed that though the crab subsector analysis done at the beginning of the project showed a great potential for both the private sector and the smallholder crab producers, the involvement of private sector is almost non-existent.
It has also been observed that the private sector investment in aquaculture is mainly directed towards white fish, prawn and shrimp subsectors. Based on the situation mentioned above, CARE Bangladesh appointed LightCastle Partners to identify the potential for this subsector, through value chain analysis and market assessment, that would successfully attract private sector investment as part of the Shomoshti project.
LCP, appointed by CARE Bangladesh for the study, relied on secondary research and in depth interviews, focus group discussion and workshop with all the actors across the value chain, the secondary stakeholders and lastly the businesses in Dhaka, in order to get a comprehensive idea of the demand and supply in the crab market and prepare a projection of the future growth rate of the crab sub sector in Bangladesh while also preparing a cost-benefit analysis for establishing a crablet based hatchery in Bangladesh.
In order to assess the required objectives, LCP conducted a crab market assessment on two specific vertices: consumer dynamics and value chain analysis. The research adopted a qualitative approach along with comprehensive literature review of relevant content to gather data along demand-side and supply-side dimensions.
Based on the analysis, we were able to generate insights that helped us in creating an effective decision-making tool for facilitating the CARE Bangladesh team in addressing gaps and informing their project interventions in due course. Data triangulation served as a critical tool in rendering a solid recommendation strategy and attaining all the stated objectives.
CARE Bangladesh identified crab sub-sector as one of the high potential sectors to work upon under the Shomoshti project. The findings from this study would enable them to seek for new funding opportunities in order to prepare a sustainable and efficient eco system that will eventually attract the private investors and reduce the dependency on wild collections in order to preserve the nature.