The UK’s imports of meals, flour, and pellets of seafood for animal feed are forecasted to increase steadily from $161.1 million in 2024 to $169.71 million in 2028. As of 2023, the value stood at approximately $159 million. The projected year-on-year growth rates are modest, ranging around 1.37% annually over the forecast period. The compound annual growth rate (CAGR) is approximated at 1.38% for the next five years.
Future trends to watch for include:
- Fluctuations in global seafood supply and prices, potentially impacting import costs.
- Developments in alternative protein sources for animal feed, potentially affecting demand.
- Regulatory changes related to animal feed imports which could influence trade dynamics.
