World Aquaculture Magazine - March 2024

WWW.WAS.ORG • WORLD AQUACULTURE • MARCH 2024 27 Organization (FAO) 2023, the percentage of world society experiencing food shortages increased from 7.9% in 2019 to 9.2% in 2022. Food problems are becoming a major issue due to the increase in world population. With projected growth, in 2050 the world population will reach 9.7 billion people,” he said that afternoon. Indonesia has appropriate sources for this, especially in terms of food with sufficient protein. This appropriateness, explained Trenggono, comes from the use of an ‘ecological’ style that is sustainable. “The increased population has an impact on increasing protein requirements by 70%. Where the source of protein can be fulfilled by water resources. And based on Global Seafood Market projections, the global seafood market will grow at an annual rate of 8.92%,” Trenggono stressed about the topic. Which, continued Trenggono, is an opportunity for industry and business players in the fisheries sector. “Investment in the maritime and fisheries sector, based on data for the third quarter in 2023, will reach IDR 9.56 trillion (USD $608 million),” he explained. This investment, Trenggono continued, consists of domestic capital investment of IDR 5.32 trillion (USD $339 million), EDITOR’S NOTE: As you’ll note on page 6 of this issue, ASIAN PACIFIC AQUACULTURE 2024 will be held in Surabaya, Indonesia on July 2-5, 2024. The theme of the conference is “Aquaculture – Driving the Blue Economy.” The meeting will provide an opportunity for the international aquaculture community to visit Indonesia and see its rapidly expanding aquaculture industry. By some accounts, Indonesian aquaculture has grown by nearly 20% in the last 5 years in terms of hectares in production and by over 50% per year in tons produced over the last 10 years. On February 5, at the Indonesia Marine and Fisheries Business Forum 2024 seminar, the Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, was asked about fisheries investment opportunities in Indonesia. The question outlined is short, but draws a fairly long thread with the connection between investment and opportunities drawn from this question. Why invest in the fisheries sector and what is the relationship between this sector and the multiplier effect that emerges from it? Minister Trenggono tried to draw the line that Indonesia is one of the big ‘leaders’ who can play a role in the global community. What that means is that the world’s population continues to grow and the need for food will increase continuously. “According to data from the World Food Indonesia: Emerging as a Leader in Aquaculture Vergina Andini (CONTINUED ON PAGE 28)