The forecast for the fish meal supply in the Philippines from 2024 to 2028 remains constant at 29.0 thousand metric tons each year. For context, the fish meal supply in 2023 also stood at 29.0 thousand metric tons, indicating no year-on-year variation from the previous year. This stability suggests a significant lack of growth or decline in this industry segment over this five-year forecast period. The compound annual growth rate (CAGR) over this span is 0%, underscoring a flat trend.
Future trends to watch for:
- Environmental and climate impacts on fish populations may affect supply levels.
- Economic and policy changes in the fisheries sector could alter supply chain dynamics.
- Technological advancements in fish meal production could lead to efficiency gains.
- Market demand shifts, potentially driven by alternative protein sources or sustainability trends.