Key Market Indicators
American Fish Production is projected to rise to approximately 458,000 metric tons by 2028, up from around 452,000 metric tons in 2023. This growth represents a compound annual growth rate (CAGR) of 0.2%. However, it's worth noting that since 1965, the American supply of fish has decreased by an average of 0.6% per year. In contrast, American Fish Consumption is expected to decline. By 2028, consumption is forecast to drop to about 823,000 metric tons, down from nearly 846,000 metric tons in 2023. This indicates a CAGR decline of 0.4%. Since 2019, the demand for fish in the United States has already been falling at a rate of 0.4% annually.
