The import value of meat, fish, and seafood preparations to the US is projected to increase steadily from 2024 to 2028. As of 2023, the import value stands at approximately $7.12 billion. The forecasted data suggests a year-on-year increase, averaging from 2024 to 2028, with a compound annual growth rate (CAGR) of about 2.24% over five years.
Future trends to watch for include:
- Potential changes in consumer preferences towards plant-based or alternative protein sources which could impact meat and seafood imports.
- Trade regulations and tariffs which may affect import costs and volumes.
- Global supply chain disruptions and environmental concerns influencing the sustainability and sourcing of seafood.