Fish and shellfish consumption in the US has shown fluctuating trends from 2013 to 2023. In 2023, the per capita consumption stood at 16.42 pounds. Notable variations include significant dips in 2016 and 2020, countered by recovery in subsequent years, particularly a sharp increase in 2021. From 2022 to 2023, the growth stabilized with a minor increase. Over the last five years, the compounded annual growth rate (CAGR) stood moderately positive at 0.36%.
- Significant yearly fluctuations with notable drops in 2016 (-3.67%) and 2020 (-16.59%).
- Recovery periods in 2017 (7.8%) and 2021 (15.01%).
- A slight increase from 2022 (5.75%) to 2023 (0.46%).
- Forecasted CAGR for the next five years is 0.38%, indicating steady but slow growth.
Future trends to watch for include the impact of consumer preferences for healthy and sustainable foods, advancements in aquaculture technology, and potential regulatory changes affecting the seafood industry.
