Analyzing the forecasted data for fish meal domestic consumption in China from 2024 to 2028, there is a projected steady increase from 2.13 million metric tons in 2024 to 2.24 million metric tons in 2028. In 2023, the consumption stood at 2.10 million metric tons. The year-on-year growth rate over the last two years averaged 1.5%. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 1.3%.
Future trends to watch for include:
- Potential increases in fish farming and aquaculture outputs, which may drive higher demand for fish meal.
- Technological advancements in alternative protein sources that could impact fish meal consumption.
- Environmental and sustainability policies that might influence both production and consumption patterns.