Analyzing the forecasted fish meal domestic consumption in Turkey from 2024 to 2028, there is a notable upward trend. In 2023, the actual consumption stood at 200.0 Thousand Metric Tons. The year-on-year growth rates are as follows: 2024 sees a 5.5% increase, 2025 has a 5.2% rise, 2026 shows a 5.0% ascent, 2027 indicates a 4.3% uptick, and 2028 displays a 4.5% growth. The Compound Annual Growth Rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 4.9%.
Future trends to watch for include the increasing demand for sustainable and environmentally friendly fish meal alternatives, advancements in fish farming techniques, and policy changes regarding fisheries management in Turkey. Continued growth in Turkey’s aquaculture sector and expanding livestock feed industry will further drive fish meal consumption.
