In 2023, the pelagic fish feed volume in Australia stood at 147.45 thousand metric tons. The forecasted data from 2024 to 2028 indicates a year-on-year decrease in volume. Specifically, the values are projected to decline from 142.89 thousand metric tons in 2024 to 125.78 thousand metric tons by 2028, translating to a negative Compound Annual Growth Rate (CAGR) over the five-year period.
The year-on-year percentage variations indicate the following:
- 2024 vs. 2023: -3.1%
- 2025 vs. 2024: -3.1%
- 2026 vs. 2025: -3.1%
- 2027 vs. 2026: -3.2%
- 2028 vs. 2027: -3.2%
Future trends to watch for include advancements in sustainable feed alternatives, regulatory impacts on fishing practices, and potential shifts in demand driven by environmental concerns and market dynamics.
