The crustaceans feed market in Canada is showing a steady upward trajectory from 2024 to 2028. Beginning with an estimated 123.68 thousand metric tons in 2024, the forecast indicates a continuous increase, reaching 149.27 thousand metric tons by 2028. Year-over-year growth reflects a consistent rise in demand, with an average annual growth rate (CAGR) demonstrating solid trends in market expansion over this five-year forecast period.
Future trends to watch for include:
- A potential increase in sustainable aquaculture practices, which may further boost demand for crustacean feeds.
- Technological advancements in feed formulation improving feed efficiency and environmental impact.
- Market adaptations to any changes in trade policies affecting feed imports and exports.
