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The Blue RevolutionInvesting in the Sustainable Seafood Value Chain
India-based boutique investment advisory firm
•Private client services and investment banking firm founded
in 2006
•$375 million AUM for HNW and Family Office
About Iliad Avenues
•I-banking focuses on cross border M&A advisory, capital
formation, and strategic relationships/JVs
•90 employees in 4 offices in Mumbai, Ahmedabad, Chicago,
and Miami
•Broad sector focus with specific focus on the Sustainable
Seafood Value Chain
Mega-Trends Shaping
Aquaculture Development
• Green Movement
Blue is the new Green
• Rising affluence of the global ‘middle class’
• Health and wellness lifestyles
• Growing population
• Global ‘food shortage’
• Social Awareness
Commercial Aquaculture
Crossing the Chasm
• Commercial aquaculture is in its
adolescence
• Aquaculture production has been growing
10% annually since the 90’s
The Blue Revolution
10% annually since the 90’s
• Yet, Aquaculture only produces less than
40% of consumed seafood
• Many experts believe it will be the primary
supply by 2030
• Seafood industry remains primitive
• Fastest growing protein source
• Primarily hunter-gatherer
• Commercial aquaculture is only 40 years old
• Complex protein source
• Highly fragmented
The Great Migration Forward
• Highly fragmented
• Loosely organized
• Staggeringly inefficient market
• The industry generates $400 bn annually
• Sustainable development via Aquaculture will dominate
• New technologies, new breeds, growing awareness will
drive growth in decades ahead
Aquaculture
PrimaryProcessing
$60 bill.
SecondaryProcessing$120 bill.
Distribution$80 bill.
Capture Fishing$80 bill.
The Seafood Value Chain
Aquaculture
$60 bill.
$60 bill. $120 bill. $80 bill.
Total Annual Value: $400 billion
• Large, fragmented market
• Globally, seafood volume is 140 mln+ tons
• 170+ million people worldwide work in
the seafood industry
• 6.5 million people work directly in
Teach a man to fish...
• 6.5 million people work directly in
Aquaculture
• 80% of Aquaculture is produced by small scale farmers
• Aquaculture growing contribution to supply
World Seafood Production (1951-2008)
• In 2008, 143 million tons of seafood were produced, an
average annual global per capita consumption of 17 kg
• For the past 20+ years, production volumes from capture
fisheries have flat-lined at 90 million tons annually
• By 2050, the world population is expected to reach 8.9 billion
Global Opportunity
• By 2050, the world population is expected to reach 8.9 billion
from an estimated 6.8 billion
• Should per capita consumption of seafood only remain at
current levels, the world will require an additional 34 million
additional tons
• This deficit will only be covered from sustainable practices,
predominantly Aquaculture
17.0???
Worldwide Consumption Of Seafood
(kg/capita/year)
1970s 1980s 2000s1990s 2050s
11.512.5
14.517.0
???
The Sustainable Seafood Value Chain in Latin AmericaValue Chain in Latin America
Latin America has massive commercial coastline for
sustainable production:
Teach a region to grow a fish…
3% annual production by volume
8.5% annual production by value
10% of global exports
Global Seafood Trade (2006)
LATAM accounts for 10% of global seafood exports – up
99% since 2000
• More than 15 million tons produced in 2008
• Aquaculture accounts for 8.5% of total LatAm production
…and it will feed the world
• Aquaculture accounts for 8.5% of total LatAm production
• Wild catch has declined >16% in the past decade
• Exports from LatAm account for just 10% of global trade by
value
• Nearly 2/3 of production is consumed domestically
LATAM has conditions, expertise to grow rapidly
Recent efforts by governments across region to
promote commercial Aquaculture:
Leaders and Emerging Countries
• Chile, Brazil, Peru, Mexico, Panama, Belize
Plenty of room for growth:
• Emerging countries: Colombia, Ecuador, Costa
Rica, Honduras
Global Seafood Trade
Net Exports of Select Commodities by Developing Countries
• Over the next 20+ years, Aquaculture will expand
and diversify
• Production of species groups will greatly increase
and new species will appear at increasing rates
Favorable Tailwinds
and new species will appear at increasing rates
• New environments will be increasingly employed
• More resources will be required in terms of capital,
talent, and technology
• More people will be involved in Aquaculture
production
“Aquaculture, not the Internet, represents the
most promising investment opportunity of the
21st century.”21st century.”
– Peter Drucker
Contact UsCorporate Headquarters
USA
200 W. Madison St.
Suite 710
Chicago, IL 60606
Office +1 312 386 7100
India
809, Raheja Centre, Nariman Point
Mumbai - 400021
Office +9122 3028 7272
Institutional Offices
[email protected]@iliadavenues.com
Ahmedabad
Capitol House, 10 Paras -II, Nr. Prahlad Nagar ,
Ahmedabad – 380 051
Office +9179 4024 0000
Miami
175 SW 7th StreetSuite 1911
Miami, FL 33130
Office +1 305 407 1014
Thank you