Fish farming production in the US exhibited fluctuating trends from 2013 to 2023. Production volume in 2023 was 452.1 thousand metric tons. Over the past decade, the industry has faced sporadic growth and declines, peaking in 2019 at 490.3 thousand metric tons, followed by a significant drop in 2020. Year-on-year (YoY) variations demonstrate considerable volatility, with notable increases in 2016 (4.39%) and 2018 (6.02%), and the stark decline in 2020 (-8.52%). The five-year CAGR peripheral range oscillated from -3.07% to 3.09% across the years, reflecting industry instability. From 2019 onward, the YoY and CAGR have shown a modest and steady pattern, with 2023 marking a slight growth.
Looking ahead, forecasted data from 2024 to 2028 indicates a more consistent growth trajectory with a forecasted five-year CAGR of 0.21%, culminating in a projected production volume of 458.06 thousand metric tons by 2028. Noteworthy future trends include a potential focus on sustainable farming practices, technological advancements in aquaculture, and increased investment in fish health and feed efficiency, which could stimulate industry growth and stability.
