In 2023, Japan led global crustaceans feed consumption with 35.63 thousand metric tons, followed by Canada at 21.09, and Norway at 20.19. Vietnam showed robust growth with a 6.77% increase. Conversely, Ecuador experienced a significant decline of 21.63%. On a five-year compound annual growth rate (CAGR) basis, Bangladesh demonstrated the strongest average growth, whereas Norway faced fluctuations.
Looking forward, emerging markets like Vietnam and Canada are expected to continue their growth due to increasing aquaculture demand. Meanwhile, sustainability concerns might shift industry preferences, impacting Ecuador adversely unless adaptive strategies are implemented.
Top countries in Crustaceans Feed Share by Country (Thousand Metric Tons)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 35.63 | 2023 | +1.69% | +1.51% | View data |
| 2 | 2 Canada | 21.09 | 2023 | +6.23% | +6.11% | View data |
| 3 | 3 Norway | 20.19 | 2023 | -0.88% | -1.37% | View data |
| 4 | 4 Vietnam | 20.01 | 2023 | +5.71% | +6.77% | View data |
| 5 | 5 Bangladesh | 1.62 | 2023 | 0% | +5.15% | View data |
| 6 | 6 South Korea | 0.83 | 2023 | +0.22% | +0.75% | View data |
| 7 | 7 Ecuador | 0.31 | 2023 | -45.34% | -21.63% | View data |
| 8 | 8 Chile | 0.14 | 2023 | +3.95% | +3.66% | View data |
