The forecasted data reveals a steady decline in freshwater fish feed volume in Norway from 33 thousand metric tons in 2024 to 25 thousand metric tons in 2028. The year-on-year variation shows a consistent decrease of about 6% to 7% annually. Comparing the last two years, the decline appears to be steady, reflecting an ongoing downward trend. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual decrease of 5.5%.
Future trends to watch for include:
- Technological advancements in fish nutrition and feed efficiency.
- Shifts in regulatory policies affecting aquaculture practices.
- Market demand for sustainable and eco-friendly fish feed products.
- Impact of climate change on freshwater fish populations and feed requirements.
