The fish meal supply in the US stood at 340.0 thousand metric tons in 2023. The forecasted data from 2024 to 2028 shows a decreasing trend, with the supply reducing from 335.0 thousand metric tons in 2024 to 324.0 thousand metric tons in 2028.
Year-on-year variations: - From 2024 to 2025, the supply is projected to decrease by approximately 0.9%. - From 2025 to 2026, a decline of 0.6%. - From 2026 to 2027, the supply is set to drop by 0.9%. - From 2027 to 2028, another decrease of 0.9% is expected.
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately -0.8% per year, indicating a slow but steady decrease in fish meal supply.
Future trends to watch for include potential changes in fish meal production technology, shifts in regulatory policies affecting fisheries, and global market demands for fish meal substitutes, all of which could significantly impact supply dynamics in the coming years.
