Analyzing the Growth Opportunities and Systemic Bottlenecks in Bangladesh Aquaculture

LightCastle Analytics Wing
April 10, 2023
Analyzing the Growth Opportunities and Systemic Bottlenecks in Bangladesh Aquaculture

The fisheries sector in Bangladesh contributes approx. $9.42bn to the national GDP, caters to 60% of the annual protein consumption and provides a source of livelihood to more than 12% of the country’s population.

One of the biggest drivers behind the growth of the fisheries sector in the country has been Bangladeshi aquaculture. Today, we are the 5th largest aquaculture producer in the world.

Despite tremendous advances in aquaculture, there are systemic challenges that need to be tackled for sustainable growth. Some of the major challenges include limited land and water resources for fish production, the unaffordability of high-quality feed, and a lack of awareness of hygiene protocols and food safety.

To address such challenges, initiatives on promoting vertical expansion in fish farming, bolstering domestic production of high-quality feed, and increasing the capacity of fish farmers are essential.

The infographics below provide more in-depth information about the current state, the growth potential, and the systemic bottlenecks in the Bangladesh aquaculture sector.

WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a systemic and data-driven approach to create opportunities for growth and impact. We are an international management consulting firm which creates systemic and data-driven opportunities for growth and impact in emerging markets. By collaborating with development partners and leveraging the power of the private sector, we strive to boost economies, inspire businesses, and change lives at scale.

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