In 2023, China's fish meal supply led globally with a volume of 2.18 million metric tons, followed by Peru's 1.14 million metric tons. Vietnam and Norway captured significant portions as well. Key growth was observed in Malaysia with an 8.45% increase and Iceland's 7.87%. Japan faced a notable decline of -2.24%. Over five years, consistent growth was evident in China, Peru, and smaller markets like Ecuador and Indonesia, driven by rising demand and advances in aquaculture practices.
Future trends to watch include technological advancements in processing, shifts towards sustainable practices to mitigate oceanic impact, and Southeast Asia's growth potential in fish meal production.
Top countries in Fish Meal Supply by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,180 | 2023 | +7.39% | +4.04% | View data |
| 2 | 2 Peru | 1,140 | 2023 | +34.79% | +1.11% | View data |
| 3 | 3 Vietnam | 695 | 2023 | +1.46% | +0.41% | View data |
| 4 | 4 Norway | 420 | 2023 | -3.45% | +0.19% | View data |
| 5 | 5 Thailand | 419 | 2023 | +3.71% | +0.98% | View data |
| 6 | 6 Chile | 400 | 2023 | -2.44% | +0.46% | View data |
| 7 | 7 Japan | 383 | 2023 | -2.05% | -2.24% | View data |
| 8 | 8 United States | 337 | 2023 | -0.88% | +1.1% | View data |
| 9 | 9 Morocco | 180 | 2023 | -2.7% | +0.91% | View data |
| 10 | 10 Russia | 163 | 2023 | 0% | +0.25% | View data |
