In 2023, Norway led the market for demersal fish feed with a value of 475.77 thousand metric tons, followed closely by the United States at 469.36 thousand metric tons. Russia was third with 269.25, while Chile and Spain followed at 64.16 and 57.93 thousand metric tons, respectively. Countries like Pakistan, Ireland, and Portugal demonstrated rapid growth rates with year-on-year increases of 6.72%, 6.22%, and 6.96%, while Sweden, Iceland, and Malta experienced significant declines. The compound annual growth rate (CAGR) over the last five years highlights these variations, providing a broader perspective on market dynamics.
Looking ahead, future trends to watch for include technological advancements in sustainable fish feed production, emerging market expansions particularly in developing countries, and stricter regulatory frameworks driving innovation in feed formulation. Additionally, the escalating demand for high-quality seafood is expected to propel growth in this sector, pushing countries to enhance their production capacities and efficiency.
Top countries in Demersal Fish Feed by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 475.77 | 2023 | +1.7% | +1.82% | View data |
| 2 | 2 United States | 469.36 | 2023 | +0.91% | +1% | View data |
| 3 | 3 Russia | 269.25 | 2023 | +0.82% | +0.89% | View data |
| 4 | 4 Chile | 64.16 | 2023 | +2.04% | +1.05% | View data |
| 5 | 5 Spain | 57.93 | 2023 | -3.05% | -3.36% | View data |
| 6 | 6 New Zealand | 39 | 2023 | -2.5% | -2.82% | View data |
| 7 | 7 Portugal | 35 | 2023 | +6.06% | +6.96% | View data |
| 8 | 8 Poland | 27.5 | 2023 | -0.43% | -0.55% | View data |
| 9 | 9 Iran | 23.35 | 2023 | +1.21% | +1.2% | View data |
| 10 | 10 Pakistan | 18 | 2023 | 0% | +6.72% | View data |
