The forecast for the Demersal Fish Feed market in the US shows a steady increase from 2024 to 2028, with values rising from 473.49 thousand metric tons in 2024 to 489.19 thousand metric tons by 2028. For context, in 2023, the market stood at 469.72 thousand metric tons. This indicates a gradual upward trend in the consumption of demersal fish feed over the forecast period.
The year-on-year variation is as follows:
- 2024 to 2025: +0.85%
- 2025 to 2026: +0.83%
- 2026 to 2027: +0.81%
- 2027 to 2028: +0.79%
Over the last five years, the Compound Annual Growth Rate (CAGR) is calculated to be around +0.84% per year. This suggests a consistent but slow growth in the market.
Future trends to watch for include the increasing demand for sustainable and environmentally-friendly fish feed options, advancements in feed technology, and regulatory changes which could influence production standards and market demand. Monitoring these factors will be crucial to understanding the market dynamics moving forward.
