Positioning of Bangladeshi Shrimp in Global Market

The global seafood market, valued at USD 153.3 billion in 2022 and projected to grow to USD 173.5 billion by 2027 at a CAGR of 2.05%, is predominantly steered by Asia Pacific, holding a commanding 64% market share. This sector’s evolution, propelled by technological strides and evolving consumer preferences, necessitates an amplified focus on knowledge, skills, and R&D, particularly in sustainable fishing, aquaculture, and innovative processing methods. Bangladesh’s fish and fishery products exports in 2020-21 were 482.19 million US dollars. Bangladesh is developing a sustainable and technology-based industry to mark Bangladesh as the next investment hub for the industry.

Session Objectives:

 

  • Exploring the Seafood Industry Landscape: Unveil the global seafood market’s current status, emphasizing its market size, regional dynamics, and growth potential.
  • Showcasing Regulatory Changes: Highlight the evolving regulatory framework impacting the seafood industry worldwide, emphasizing compliance challenges and adaptations.
  • Spotlighting Investment Prospects: Illuminate investment avenues within the seafood sector, emphasizing emerging markets and promising investment opportunities.
  • Advancements in Knowledge and Innovation: Discuss progress in knowledge, skill development, and R&D initiatives fueling innovation within the seafood industry.
  • Identifying Transformational Trends: Deliberate on sustainable practices, technological advancements, and shifting consumer preferences that shape the future of the global seafood market.

Schedule

Time

Topic

Speaker

10:00 am -10:05 am

Session Introduction by Moderator

Mr. Shyamal Das

Managing Director, M.U. Sea Foods Ltd

10:05 am -10:25 am

Presentation on Global Shrimp Market Scenario (highlighting market size, position, regulation etc.) and opportunity for Bangladesh

Mr. Willem Vander Pijl

Managing Director, Global Shrimp Forum

10:25 am -10:35 am

Q & A

10:35 am -10:55 am

Experience sharing of India – highlighting domestication, production, technology and product diversification by industry leader

Mr. Ravi Kumar Yellanki

Managing Director, Vaisakhi Bio-Marine Private Limited and Vaisakhi Bio-Resources Private Limited

10:55 am -11:05 am

Q & A

11:05 am -11:20 am

Refreshment break

11:20 am -11:40 am

Monterey Bay Aquarium Global Oceans Conservation Program: Producer’s benefit and way to engage with the program

Mr. Cormac O’Sullivan

Senior Fellow for Global Aquaculture Science,

Monterey Bay Aquarium Global Oceans Conversation Program

11:40 am -11:50 am

Q & A

11:50 am -12:10 pm

Government Initiative for the growth of shrimp sector in Bangladesh

Dr. Md. Abdur Rouf,

Principal Scientific Officer (FIQC), Department of Fisheries

12:10 pm -12:20 pm

Q & A

12:20 pm -12:30 pm

Closing Remarks by the Chair

H.E. Mr. Md. Mosharraf Hossain Bhuiyan, ndc

Ambassador

Embassy of Bangladesh in Berlin, Germany

Speaker

Rear Admiral (Retd.) Md. Khurshed Alam, BN

Secretary, Maritime Affairs Unit, Ministry of Foreign Affairs

Mr. Willem Vander Pijl

Managing Director, Global Shrimp Forum

Mr. Enam Chowdhury

Managing Director, Deep Sea Fisheries Ltd.

Mr. Heiko Lenk

Managing Director, Lenk Frozen Foods Ltd.

Syed Md. Alamgir

Director General, Department of Fisheries