The demand for demersal fish in the US has shown steady growth, with values observed at 2.26 million metric tons in 2024, increasing incrementally to 2.32 million metric tons by 2028. In 2023, the actual value stood at 2.25 million metric tons. This indicates a consistent upward trend over the forecasted period.
Year-on-year variations show:
- 2024: +0.4% from 2023
- 2025: +0.9% from 2024
- 2026: +0.4% from 2025
- 2027: +0.9% from 2026
- 2028: +0.4% from 2027
The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) is approximately 0.5% per year.
Future trends to watch for include potential impacts from climate change on fish populations, shifts in consumer preferences towards sustainable options, and advancements in aquaculture technology that could influence supply and demand dynamics.
