Pelagic fish feed in China is expected to steadily increase from 11.36 million metric tons in 2024 to 12.01 million metric tons by 2028. In 2023, the volume was 11.20 million metric tons. Year-on-year growth rates are modest, showing a gradual increase:
Variations:
- 2024: 1.4%
- 2025: 1.4%
- 2026: 1.5%
- 2027: 1.4%
- 2028: 1.4%
The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is 1.4%. This forecast indicates a stable market with incremental growth.
Future trends to watch for:
- Technological advancements in feed efficiency
- Sustainable sourcing practices
- Fluctuations in marine ecosystems impacting pelagic species
- Regulatory changes in the aquaculture industry
