The forecasted data for pelagic fish feed in Thailand from 2024 to 2028 indicates a steady increase in volume. The value is projected to grow from 215.0 thousand metric tons in 2024 to 260.0 thousand metric tons in 2028. Comparing to 2023, which stood at 204.0 thousand metric tons, the year-on-year percentage increase for 2024 is 5.4%, 2025 is 5.6%, 2026 is 4.8%, 2027 is 4.6%, and 2028 is 4.4%. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 4.96%, reflecting a consistent upward trend.
Future trends to watch for include potential impacts of environmental regulations, advancements in feed technology, and fluctuations in pelagic fish populations, all of which could influence feed production and demand. Additionally, market innovations in sustainable practices could drive changes in the supply chain and feed formulation.
