The global pelagic fish feed market shows significant variation by country. China overwhelmingly leads the market with a value of 11.18 million metric tons, far surpassing other countries. Japan, Norway, and Taiwan follow, but their values are notably lower, standing at 1.22, 0.8555, and 0.66453 million metric tons, respectively. The United States, despite being a major economy, has a value of only 0.29052 million metric tons. Significant positive growth is observed in Vietnam with a 6.83% year-on-year increase, while China shows a modest growth of 1.35%. On the other hand, Malaysia, Brazil, and Argentina have experienced considerable declines in the past year, with reductions of 22.29%, 12.5%, and 14.86%, respectively. Countries like Latvia, Zambia, and Thailand show strong positive growth exceeding 6%, indicating emerging markets in these regions.
Future trends to watch for in the global pelagic fish feed market include:
- Continued dominance of China with possible growth driven by increasing aquaculture activities.
- Emerging markets in Southeast Asia, particularly Vietnam and Thailand, showing strong growth potential.
- Potential declines in developed markets like Japan and Norway, possibly due to market saturation and economic factors.
- Volatility in countries experiencing political or economic instability, impacting their production and consumption rates.
Top countries in Pelagic Fish Feed by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 11,180 | 2023 | +1.59% | +1.35% | View data |
| 2 | 2 Japan | 1,220 | 2023 | -1.92% | -2.05% | View data |
| 3 | 3 Norway | 855.5 | 2023 | -1.06% | -1.5% | View data |
| 4 | 4 Taiwan | 664.53 | 2023 | -1.35% | -1.75% | View data |
| 5 | 5 Chile | 522.86 | 2023 | +0.036% | +0.018% | View data |
| 6 | 6 Vietnam | 487 | 2023 | +5.41% | +6.83% | View data |
| 7 | 7 India | 430.62 | 2023 | +1.2% | +2.35% | View data |
| 8 | 8 Indonesia | 369.59 | 2023 | +1.79% | +1.25% | View data |
| 9 | 9 Greece | 348.52 | 2023 | -0.0086% | -0.012% | View data |
| 10 | 10 United States | 290.52 | 2023 | +2.21% | +2.56% | View data |
