The import value of meals, flour, and pellets of seafood for animal feed to Canada is expected to experience steady growth from 2024 to 2028, starting at $111.23 million in 2024 and rising to $121.43 million in 2028. The compound annual growth rate (CAGR) over this period is approximately 2.2%, indicating a gradual increase in demand. The key drivers behind this trend include rising demand for high-quality animal feed and increased aquaculture production.

Future trends to watch for include:

Potential shifts in consumer preferences towards sustainable and environmentally friendly feed options, which could influence import patterns.
Changes in international trade policies and tariffs, affecting the cost and availability of seafood-based feed products.
Technological advancements in feed production that might alter import needs and volumes.