In 2023, Norway held the largest share of global demersal fish feed production at 31.32 thousand metric tons, followed closely by the United States at 30.89 thousand metric tons. Russia also played a significant role, producing 17.72 thousand metric tons. Portugal, Pakistan, and Ireland showed notable growth with increases of 6.96%, 6.72%, and 6.22% respectively. In contrast, Spain, New Zealand, Sweden, and Iceland observed declines in production. The Comprehensive Analysis Compound Annual Growth Rate (CAGR) will provide insights into longer-term trends.
Future trends to watch in the industry include increased innovation in sustainable fish feed ingredients, the impact of climate change on marine ecosystems, and evolving regulations on fishing practices, which could influence production and distribution across different countries. Additionally, technological advancements might drive efficiencies and reduce waste in the fish feed supply chain.
Top countries in Demersal Fish Feed Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 31.32 | 2023 | +1.7% | +1.82% | View data |
| 2 | 2 United States | 30.89 | 2023 | +0.91% | +1% | View data |
| 3 | 3 Russia | 17.72 | 2023 | +0.82% | +0.89% | View data |
| 4 | 4 Chile | 4.22 | 2023 | +2.04% | +1.05% | View data |
| 5 | 5 Spain | 3.81 | 2023 | -3.05% | -3.36% | View data |
| 6 | 6 New Zealand | 2.57 | 2023 | -2.5% | -2.82% | View data |
| 7 | 7 Portugal | 2.3 | 2023 | +6.06% | +6.96% | View data |
| 8 | 8 Poland | 1.81 | 2023 | -0.43% | -0.55% | View data |
| 9 | 9 Iran | 1.54 | 2023 | +1.21% | +1.2% | View data |
| 10 | 10 Pakistan | 1.18 | 2023 | 0% | +6.72% | View data |
