The pelagic fish feed market in the United Kingdom is forecasted to grow steadily from 2024 to 2028, with a consistent year-on-year increase averaging around 2.3%. In 2023, the volume stood at approximately 259.1 thousand metric tons, indicating a healthy growth trajectory. The compound annual growth rate (CAGR) over this forecast period is projected to be 1.9%.
Future trends to watch for:
- Rising consumer demand for sustainable fish sources, which could bolster the need for high-quality pelagic fish feed.
- Potential regulatory changes impacting fishing quotas and feed composition standards.
- Technological advancements in feed production improving feed efficiency and reducing waste.