Analysis of the pelagic fish feed market in the United Arab Emirates based on historical data shows significant variability between 2014 to 2016, with a sharp decline in 2015 followed by an exceptional increase in 2016. From 2017 onwards, the market stabilized with moderate growth, with the latest data indicating a value of 820.0 metric tons in 2023. The year-on-year variation for 2023 was 3.8%, suggesting steady growth. Over the last five years, the compound annual growth rate (CAGR) has been 4.76%, reflecting a consistent upward trend.
Future forecasts predict continued growth, albeit at a slightly slower pace with a five-year CAGR of 2.28%, totaling an 11.9% growth rate by 2028.
Trends to Watch For:
- Advancements in fish feed formulations improving nutritional content. - Increased regulation and sustainability initiatives impacting feed production. - Growth in aquaculture driving demand for specialized feeds.
