The import forecast for flours, meals, and pellets of meat or meat offal, and of fish for animal feed to the US is projected to continue its upward trend, reaching $358.03 million by 2028, starting from $317.95 million in 2024. Comparing to the actual figures of 2023, the forecast highlights continued growth backed by a year-on-year projected increase of around 3.2% on average. The compound annual growth rate (CAGR) over the five years is estimated at approximately 3.0%, indicating steady demand and growth in the market.
Future trends to watch for include:
- The impact of changing dietary trends in pet food that might affect demand.
- Regulatory shifts and trade policies that could influence import dynamics.
- Technological advancements in alternative protein sources potentially altering the competitive landscape.
