The market size of pelagic fish in Indonesia is projected to show steady growth over the next five years. Starting from a baseline of 11.50 kilograms per capita in 2023, the forecast indicates incremental increases each subsequent year. Specifically, we can observe that from 2024 to 2028, the per capita consumption is expected to grow from 11.52 kg to 11.59 kg. This reveals a consistent upward trend with annual variations between 0.17% to 0.17%. The five-year CAGR calculated from 2023 to 2028 highlights the average annual growth in consumption at approximately 0.18%.
Future trends to watch for include the potential impact of sustainable fishing practices and regulatory policies on the availability of pelagic fish. Additionally, any shifts in consumer preferences towards plant-based diets or alternative protein sources could influence market dynamics. Population metrics and economic factors such as income growth and urbanization will also play significant roles in shaping future demand.
