In 2023, Chile dominated the global market for fish body oil feed with 37 thousand metric tons, seeing a minor growth of 2.35% year-on-year. Canada follows with 12.02 thousand metric tons and a 2.03% increase. Noteworthy increments are visible in Panama (6.79%) and Poland (5.61%), while China and Taiwan experienced significant declines of -17.86% and -18.22%, respectively. Disparities in growth suggest varied regional strategies and demand fluctuations, reflecting market shifts and production changes over the past year.
Future trends suggest potential market fluctuations due to shifting dietary trends, regulatory impacts on fisheries, and exploration of alternative feed sources. Continuous monitoring of environmental policies and technological advancements in aquaculture will be critical for maintaining competitive advantages globally.
Top countries in Fish Body Oil Feed Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 37 | 2023 | +2.15% | +2.35% | View data |
| 2 | 2 Canada | 12.02 | 2023 | +2.05% | +2.03% | View data |
| 3 | 3 Greece | 7 | 2023 | +0.98% | +0.98% | View data |
| 4 | 4 India | 5.44 | 2023 | +3.65% | +3.94% | View data |
| 5 | 5 Indonesia | 3.73 | 2023 | +2.08% | +1.87% | View data |
| 6 | 6 Iceland | 3.49 | 2023 | +0.69% | +1.12% | View data |
| 7 | 7 Italy | 3.32 | 2023 | +1.16% | +1.22% | View data |
| 8 | 8 Poland | 3.19 | 2023 | +4.66% | +5.61% | View data |
| 9 | 9 Australia | 2.29 | 2023 | +1.5% | +1.4% | View data |
| 10 | 10 Panama | 2.24 | 2023 | +5.85% | +6.79% | View data |
