Forecasts for the import of meals, flour, and pellets of seafood for animal feed to the US indicate a steady growth from 2024 to 2028, increasing from 68.788 million kilograms in 2024 to 73.776 million kilograms in 2028. Considering the last available data for 2023, the series exhibited a consistent upward trajectory into the future years.
Year-on-year variations show an average annual growth of about 1.87%, reflecting positive market trends. The Compound Annual Growth Rate (CAGR) over the five-year period facilitates understanding of longer-term trends, reflecting sustained growth in imports.
Future trends to watch for include:
- Environmental regulations affecting seafood sourcing.
- Technological advancements in animal feed production.
- Global supply chain fluctuations impacting import volumes.
