In 2024, Japan leads in crustaceans feed volume with 197.61 thousand metric tons, followed by Canada and Norway. Between 2023 and 2024, Japan saw a modest growth of 1.51%, while Canada and Vietnam had notable growth above 6%. Norway experienced a slight decline, and Ecuador faced the steepest decrease at 21.63%. Over the past five years, Compound Annual Growth Rate trends suggest varying growth dynamics across these nations.
Future trends to watch in the global crustaceans feed sector include:
- Increased feed demand due to expansion in aquaculture, especially in Asia-Pacific.
- Technological advancements leading to more efficient feed use.
- Environmental regulations affecting feed production and distribution.
- Potential market shifts with increased demand for sustainable and organic crustaceans feed products.
Top countries in Crustaceans Feed by Country
| # | 8 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 197.61 | 2023 | +1.69% | +1.51% | View data |
| 2 | 2 Canada | 116.95 | 2023 | +6.23% | +6.11% | View data |
| 3 | 3 Norway | 112 | 2023 | -0.88% | -1.37% | View data |
| 4 | 4 Vietnam | 111 | 2023 | +5.71% | +6.77% | View data |
| 5 | 5 Bangladesh | 9 | 2023 | 0% | +5.15% | View data |
| 6 | 6 South Korea | 4.61 | 2023 | +0.22% | +0.75% | View data |
| 7 | 7 Ecuador | 1.7 | 2023 | -45.34% | -21.63% | View data |
| 8 | 8 Chile | 0.79 | 2023 | +3.95% | +3.66% | View data |
