In 2023, Peru led global fish meal production with 1.1 million metric tons, followed by Vietnam, China, Chile, and Thailand. Notable growth from 2022 to 2023 occurred in Iceland and Indonesia, with increases of 8.83% and 11.03% respectively. Over the last five years, the competitive landscape shifted, especially for Asian producers, with a robust compound annual growth rate recorded in Vietnam and China. As of 2024, production levels are forecasted to solidify these trends.
Future trends to watch include the potential impact of aquaculture expansion, climate change effects on fish stocks, and the development of alternative protein sources. Strategies to enhance sustainability and optimize resource utilization will also influence production dynamics globally.
Top countries in Fish Meal Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 1,100 | 2023 | +37.5% | +0.59% | View data |
| 2 | 2 Vietnam | 540 | 2023 | +1.89% | +2.82% | View data |
| 3 | 3 China | 430 | 2023 | +7.5% | +3.39% | View data |
| 4 | 4 Chile | 375 | 2023 | -1.32% | +1.68% | View data |
| 5 | 5 Thailand | 360 | 2023 | +2.86% | +1.15% | View data |
| 6 | 6 United States | 267 | 2023 | -1.11% | +0.38% | View data |
| 7 | 7 Norway | 230 | 2023 | 0% | +0.89% | View data |
| 8 | 8 Japan | 200 | 2023 | 0% | +1.14% | View data |
| 9 | 9 Morocco | 175 | 2023 | 0% | +1.18% | View data |
| 10 | 10 Russia | 160 | 2023 | 0% | +0.9% | View data |
