In 2023, Chile's fish meal production stood at 377.0 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady growth trend, with yearly production expected to increase from 381.0 thousand metric tons in 2024 to 398.0 thousand metric tons in 2028. This consistent upward trend reflects a year-on-year increase in production volume ranging from approximately 1.0% to 1.3% over each subsequent year. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period is projected to be around 1.1%.
Future trends to watch include potential impacts of regulatory changes in fisheries management, advancements in sustainable fishing practices, and fluctuations in the global demand for fish meal in various markets such as animal feed and agriculture. Environmental factors, such as climate change and ocean health, will also play a critical role in shaping future production capabilities and sustainability efforts.
