Seafood Processing

Seafood Processing in Mauritius

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Seafood Processing
Seafood Processing
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Set up medium- to large-scale seafood processing facilities for product development in sustainably sourced fish such as fish loins, sashimi-grade fish, and ready-to-eat products, particularly from pelagic species, including sustainably sourced tuna. Integrate circular recovery technologies to processing facilities, including plants for fishmeal and fish oil production from solid fish-waste, such as tuna heads, offal, skin, and bones.

Expected Impact

Increase value addition from fisheries, enhance industrial capacity and employment, and position Mauritius as a seafood transshipment hub.

How is this information gathered?
Updated: 5 Sep, 2022 Date of Production: 1 Sep, 2022
Mauritius
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
5% - 10% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Life Below Water (SDG 14) Industry, Innovation and Infrastructure (SDG 9) Zero Hunger (SDG 2)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Responsible Consumption and Production (SDG 12) Decent Work and Economic Growth (SDG 8) Good health and well-being (SDG 3)

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Sector Sources
  • 1) World Bank Group. 2017. The Ocean Economy in Mauritius : Making it happen, making it last. https://documents1.worldbank.org/curated/en/193931508851670744/pdf/120633-WP-PUBLIC-329p-Mauritius-text-10-20-17-web.pdf. 2) Coalition pour des Accords de Pêche Équitables. 2021. Questions clés pour les négociations de l’APPD UE-Maurice : Durabilité des stocks de thon, rétablissement du secteur local après Covid-19 et transparence. https://www.capecffa.org/blog-publications/questions-cls-pour-les-ngociations-de-lappd-ue-maurice-durabilit-des-stocks-de-thon-rtablissement-du-secteur-local-aprs-covid-19-et-transparence 3) FAO. 2018. Fishery and Aquaculture Country Profiles, The Republic of Mauritius. https://www.fao.org/fishery/en/facp/mus?lang=en. 4) Ministry of Blue Economy, Marine Resources, Fisheries and Shipping. Fisheries Sector in Mauritius. https://blueconomy.govmu.org/Pages/Fisheries.aspx. 5) President of the Republic of Mauritius. 2020. Government Programme 2020-2024, Towards an Inclusive, High Income and Green Mauritius, Forging Ahead. http://www.govmu.org/English//DOCUMENTS/GOVT%20PROGRAMME%202020-2024.PDF. 6) Republic of Mauritius. 2013. Maurice Île Durable, Policy, Strategy and Action Plan. http://mid.govmu.org/portal/sites/mid/file/full%20report%20midpolicy.pdf. 7) Republic of Mauritius. November 2020. Statistics in Mauritius, A gender Approach, 2018. https://gender.govmu.org/Documents/2020/Statistics%20in%20Mauritius%20A%20Gender%20Approach%20Year%202018.pdf. 8) Vanessa Charbonneau. October 2019. Socioeconomic and Environmental Impacts and Concerns of the Implementation of Aquaculture in an Insular Context: Case Study of Mauritius Island. https://savoirs.usherbrooke.ca/bitstream/handle/11143/16107/Charbonneau_Vanessa_MEnv_2019.pdf?sequence=1&isAllowed=y. 9) Republic of Mauritius. 2017. Mauritius National Export Strategy 2017-2021. https://industry.govmu.org/Documents/NES/1_Mauritius%20National%20Export%20Strategy_web.pdf. 10) Republic of Mauritius. 2021. Budget Speech 2021-2022, Better Together. https://budgetmof.govmu.org/Documents/2021_22budgetspeech_english.pdf. 11) A. Darras, P-M. Bosc and I. Mialet-Serra. 2020. L'Agriculture à Maurice : Évolution, Chiffres Clés et Défis. https://www.prerad-oi.org/content/download/4983/36570/version/1/file/7.+Agriculture+de+Maurice_OA-OI_20-05-2021+Vdef+opt.pdf. 12) Ministry of Agro-Industry and Food Security. 2016. Strategic Plan (2016-2020) For the Food Crop, Livestock and Forestry Sectors. https://agriculture.govmu.org/Documents/Report/Book%20Final.pdf.
IOA Sources
  • 13) Princes Tuna Mauritius. Sustainability. https://www.princes-tuna-mauritius.com/general-position-targets. 14) Marine Biotechnology Products. Home. https://mbp.mu/. 15) Mer des Mascareignes. Our Company. http://www.mdm.mu/en/company. 16) Statistics Mauritius. 2021. Digest of External Trade Statistics. https://statsmauritius.govmu.org/Documents/Statistics/Digests/External_Trade/Digest_Ext_Trade_Yr20_091221.xlsx. 17) CBRD. 2022. Company Information. https://companies.govmu.org:4343/MNSOnlineSearch/. 18) Planet Tracker Group. October 2020. Traceable Returns. https://seafoodsustainability.org/wp-content/uploads/2020/11/Traceable-Returns-report.pdf. 19) Dale Capital Group. February 2020. Listing Particulars. https://www.stockexchangeofmauritius.com/media/3957/dale-capital-group-limited-revised-listing-particulars-20-feb-2020.pdf. 20) The Mauritius Freeport. Business Opportunities. http://www.efreeport.com/default.aspx?Guid=9f86210c-4608-4404-8a70-59fb29f855c4&nm=OPP. 21) Food and Agriculture Organization of the United Nations. March 2021. Fishery and Aquaculture Country Profiles Mauritius. https://www.fao.org/fishery/en/facp/mus?lang=en. 22) United Nations Conference on Trade and Development. 2020. Industrial Policy and Strategic Plan for Mauritius (2020-2025). https://unctad.org/system/files/official-document/gdsinf2020d5_en.pdf. 23) COFREPECHE, NFDS, MRAG and POSEIDON. 2015. Ex post and ex ante evaluation of the protocol to the Fisheries Partnership Agreement between the EU and the Republic of Mauritius. https://nfds.info/assets/EU-Mauritius-FPA-evaluation-final-Report.pdf. 24) World Bank Group. 2019. Prevalence of severe food insecurity in the population (%) - Mauritius. https://data.worldbank.org/indicator/SN.ITK.SVFI.ZS?locations=MU. 25) OECD. 2013. Fishing for Tomorrow: Managing fisheries for sustainable development. https://www.oecd.org/gov/pcsd/002013401_Coherence%20for%20Development_Dec_PDFX_WEB.pdf. 26) UN Women. 2020. Women's Economic Empowerment in Fisheries in the Blue Economy of the Indian Ocean RIM A Baseline Report. https://www.unwomen.org/sites/default/files/Headquarters/Attachments/Sections/Library/Publications/2020/Womens-economic-empowerment-in-fisheries-in-the-blue-economy-of-the-Indian-Ocean-Rim-en.pdf. 27) Republic of Mauritius. National Export Strategy Fisheries and Aquaculture Sector 2017-2021. https://industry.govmu.org/Documents/NES/5_Fisheries%20and%20Aquaculture_web.pdf. 28) UN Department of Economic and Social Affairs. SDG Indicators (Global) Database. https://unstats.un.org/sdgs/unsdg. 29) Ministry of Foreign Affairs, Regional Integration and International Trade. 2019. Voluntary National Review Report of Mauritius. https://foreign.govmu.org/Documents/2020%20-%20migrated%20data/VNR%20REPORT/Mauritius%20VNR%20Report%202019(2).pdf. 30) Seafood Source. January, 2020. Mauritius charts growth path for fisheries and aquaculture sectors. https://www.seafoodsource.com/news/supply-trade/mauritius-charts-fisheries-and-aquaculture-growth-path. 31) President of the Republic of Mauritius. 2007. Fisheries and Marine Resources Act 2007, Act n°27 of 2007. https://www.ilo.org/dyn/natlex/natlex4.detail?p_lang=en&p_isn=82673&p_count=100044&p_classification=19&p_classcount=482. 32) President of the Republic of Mauritius. 2012. The Maritime Zones (Amendment) Act 2012, Act no.6 of 2012. https://mauritiusassembly.govmu.org/Documents/Acts/2012/act0612.pdf. 33) President of the Republic of Mauritius. 2012. Government Notice No. 27 of 2012 Fisheries and Marine Resources (Import of Fish and Fish Products) Regulations. https://blueconomy.govmu.org/Documents/13_The%20Fisheries%20and%20Marine%20Resources%20%28Import%20of%20Fish%20and%20Fish%20Products%29%20Regulations%202012.pdf. 34) Economic Development Board Mauritius. Ocean Economy. https://www.edbmauritius.org/ocean-economy. 35) Ecolex. Fisheries and Marine Resources (Import of Fish and Fish Products) (Amendment) Regulations 2019 (GN No. 179 of 2019). https://www.ecolex.org/details/legislation/fisheries-and-marine-resources-import-of-fish-and-fish-products-amendment-regulations-2019-gn-no-179-of-2019-lex-faoc193408/?. 36) Mauritius Ports Authority. Seafood Hub. http://www.mauport.com/seafood. 37) UNDP stakeholder consultation with Mauritius Research and Innovation Council & Ter-Mer, January 2022. 38) UNDP stakeholder consultation conducted in November 2021.