Based on the forecast data, the import of fish oils to the US is expected to increase steadily from 2024 to 2028, reaching 21.046 million kilograms by 2028. The base year 2023 had the actual imports, which were less than the forecasted figures starting in 2024. The year-on-year variation shows a consistent growth pattern, averaging about 0.7% annually. The estimated compound annual growth rate (CAGR) for the period 2024 to 2028 remains moderate, demonstrating a stable upward trend in imports.
Future trends to watch for include:
- Increased demand driven by consumer awareness of health benefits associated with fish oils.
- Potential impacts of trade policies and tariffs on import volumes.
- Environmental sustainability concerns affecting supply chains.