The pelagic fish feed market in Chile, expressed in thousand metric tons, experienced relatively stable growth over the past decade. From 520.91 in 2014 to 522.86 in 2023, the year-on-year variations fluctuated between slight declines and modest increases, with a very consistent pattern in recent years marked by a 0.036% year-on-year increase in 2023. The overall compound annual growth rate (CAGR) for the last five years stood at 0.018%, reflecting steady albeit slow growth.
Looking ahead, forecasted data suggests continued stability with a modest upward trend, reaching approximately 523.74 by 2028. This results in a forecasted five-year CAGR of 0.03%, and an overall growth rate of 0.13% by 2028, indicating sustained, if incremental, increases in pelagic fish feed values.
Future trends to watch for include potential shifts in environmental policies affecting aquaculture feed production, advances in feed efficiency technologies, and market responses to global demand for sustainable fishery practices. These factors could significantly influence the trajectory of the pelagic fish feed market in Chile.
