In 2023, the import value of flours, meals, and pellets of meat or meat offal, of fish for animal feed to Canada stood at an estimated level just below the forecast for 2024 of 196.49 million US Dollars. Looking ahead, the year-on-year forecasted growth rates indicate a steady increase: approximately 2.52% in 2025, 2.40% in 2026, 2.30% in 2027, and 2.20% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be around 2.36%, reflecting a stable upward trend in imports.

Future trends to watch for:

Potential impacts of trade policies and bilateral agreements on import dynamics.
Innovation in animal feed compositions influencing demand.
Fluctuations in global fish and meat markets affecting pricing and supply chains.
Increased focus on sustainability and environmentally friendly sourcing affecting import practices.