Key Market Indicators
Fish meal production in Peru is expected to reach 980,000 metric tons by 2026. This figure is slightly lower than the 998,000 metric tons produced in 2021, representing a decrease of 0.5% each year, according to a compound annual growth rate (CAGR). Since 1969, Peruvian fish meal production has grown by 0.5% annually. Vietnam, Chile and China are the other main countries in the ranking, coming in at second, third, and fourth place respectively.
Peru Fishmeal Market Data and Forecasts
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Existing trends in the cornmeal industry are shaping its growing trajectory. Namely, an increasing consumer demand for natural and organic-based food products has led to industry-wide adaptations. The escalation of health-conscious consumers has also driven significant growth in the gluten-free product segment, where cornmeal is a key ingredient. Furthermore, the...Read more