In 2023, China led global fish meal consumption with significant value, followed by Peru, Vietnam, and Norway. While most countries showed modest increases in fish meal consumption, Japan experienced a notable decline. Malaysia and Iceland exhibited strong growth, reflecting a dynamic shift in the market. The Compound Annual Growth Rate over five years indicates expanding global demand, with Canada and Colombia observing declining trends.
Future trends suggest potential growth in Asian regions due to increasing aquaculture demands, with China likely remaining a dominant player. Sustainability concerns and regulatory changes could influence the fish meal distribution landscape, driving efficiency and alternative protein developments.
Top countries in Fish Meal Distribution by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,180 | 2023 | +7.39% | +4.04% | View data |
| 2 | 2 Peru | 1,140 | 2023 | +34.79% | +1.11% | View data |
| 3 | 3 Vietnam | 695 | 2023 | +1.46% | +0.41% | View data |
| 4 | 4 Norway | 420 | 2023 | -3.45% | +0.19% | View data |
| 5 | 5 Thailand | 419 | 2023 | +3.71% | +0.98% | View data |
| 6 | 6 Chile | 400 | 2023 | -2.44% | +0.46% | View data |
| 7 | 7 Japan | 383 | 2023 | -2.05% | -2.24% | View data |
| 8 | 8 United States | 337 | 2023 | -0.88% | +1.1% | View data |
| 9 | 9 Morocco | 180 | 2023 | -2.7% | +0.91% | View data |
| 10 | 10 Russia | 163 | 2023 | 0% | +0.25% | View data |
