The forecasted fish meal production in Japan displays a steady trend, with minor year-on-year increases. From 2024 to 2025, production remains constant at 201.0 thousand metric tons. In 2026 and 2027, production increments slightly to 202.0 thousand metric tons, showing a minimal 0.5% annual growth. By 2028, production marginally increases again to 203.0 thousand metric tons.

Considering the actual production data for 2023, the production trend shows consistency with a modest overall Compound Annual Growth Rate (CAGR) of approximately 0.25% over the five-year period from 2024 to 2028.

Key trends to watch:

Stable fish stock levels due to sustainable fishing practices.
Advancements in fish farming technology impacting fish meal demands.
Potential market shifts from alternative protein sources, such as plant-based or insect-based meals.