The Demersal Fish Feed market in Mexico has shown a declining trend in recent years, with the value in 2023 standing at 4.83 Thousand Metric Tons, down by 0.62% from 2022. Over the last two years, the market saw an annual decrease of 0.62%, while the five-year CAGR was -0.93%. Historical data indicates significant fluctuations, including a notable drop of 15.74% in 2015 and a recovery of 11.45% in 2017. The forecasted data from 2024 to 2028 suggests a continued but more gradual decline, with a five-year CAGR of -0.55% and an overall decrease of 2.71% by 2028.
Future trends to watch for include advancements in sustainable and high-nutrition feed formulations, the impact of regulatory changes, and potential market shifts due to environmental concerns and consumer preferences. Monitoring these factors could provide opportunities for stabilization or growth in the market.
