The US import of prepared or preserved crustaceans and molluscs is expected to grow steadily from 2024 to 2028, with values rising from $4.1075 billion in 2024 to $4.5962 billion in 2028. This represents a consistent annual increase indicative of a robust market demand. As we forecast from 2024 onwards, year-on-year growth is approximately 3%, indicating steady expansion. The compound annual growth rate (CAGR) over this five-year period is anticipated to reflect this same growth trend.
Future trends to watch for include:
- Impacts of ecological and environmental policies on seafood supply.
- Shifts in consumer preferences toward sustainable and eco-friendly seafood options.
- Possible trade regulations affecting import tariffs and seafood sourcing.
- Technological advances in preservation enhancing product quality and shelf-life.