In 2023, the pelagic fish feed market in the Philippines stood at a specific value, and from 2024 onwards, all figures represent forecasted data. The forecast shows a consistent increase in volume: from 217.17 Thousand Metric Tons in 2024 to 245.99 Thousand Metric Tons in 2028. Year-on-year variations highlight steady growth: 3.42% from 2024 to 2025, 3.24% from 2025 to 2026, 3.07% from 2026 to 2027, and 2.93% from 2027 to 2028. The 5-year CAGR reflects an average annual growth rate highlighting a steady upward trend in volume.
Future trends to watch include potential impacts of climate change on fish populations, technological advancements in feed production, and regulatory changes that might affect feed quality standards. Additionally, shifting consumer preferences towards more sustainable seafood options could drive innovation and growth in this sector.
