Over 1B Persons, 2024 (1004 million) Based on Latin America and Caribbean Population from the WBG + US Population
(US Census Bureau)
The Caribbean is cultivating a new era of agribusiness — combining fertile land, advanced processing, and global market access. CAIPA and its network of investment promotion agencies connect investors to ready opportunities in production, processing, and export.
CAIPA members offer proximity to North and South America, along with duty-free access to major global markets. Regionally, the Caribbean is a $369 billion market, home to 30 million+ residents and attracting 30 million+ affluent visitors each year (World Bank, 2020). This powerful combination of export opportunity and domestic and tourism-driven demand creates consistent opportunity for agribusiness investment and expansion.
Between 2003 and 2020, the Caribbean recorded 26 agribusiness foreign direct investment (FDI) projects with a total value of US $919.1 million (fDi Markets). These projects span food processing, beverages, and agricultural technology, underscoring investor confidence in the region’s long-term potential.
According to CARICOM, approximately 80% of food is imported into the Caribbean, highlighting a vast and immediate opportunity for import substitution, food security initiatives, and value-added agricultural ventures.
CAIPA and its member Investment Promotion Agencies help investors identify the best sites, incentives, and partners to capitalize on these opportunities.
Great economic potential exists through the application of technology in high-growth, high-value agro-industries. With 300 days of sunshine, diverse microclimates, and rich, fertile soil, the Caribbean offers ideal growing conditions for a wide range of crops and high-value agricultural products. CAIPA and its member agencies are helping investors advance innovation across the value chain, including: