The domestic consumption of fish meal in the Philippines is projected to remain constant at 17.0 thousand metric tons from 2024 to 2028. Comparing to the year 2023, the volume stands unchanged, indicating a stable trend with no significant year-on-year variation. Consequently, the Compound Annual Growth Rate (CAGR) over the next five years is projected to be 0%, signifying a period of steady consumption with no anticipated increase or decline.
Future trends to watch for include potential shifts in fish meal demand due to changes in dietary preferences, aquaculture industry growth, and the impact of economic and environmental policies on fish meal production and consumption. Monitoring these factors could offer early indicators of any potential shifts in domestic consumption patterns.
