Brazil's import of fish oils is expected to witness a steady upward trajectory from 2024 to 2028. Compared to 2023, when imports were at 3.98 million kilograms, the forecast shows a growth from 4.11 million kilograms in 2024 to 4.5861 million kilograms in 2028. This steady increase translates to a compound annual growth rate (CAGR) of approximately 2.8% over five years. The projected year-on-year growth rates suggest a consistent demand for fish oils, indicating robust market dynamics.
Future trends to watch for include:
- Potential changes in Brazil's dietary preferences and health trends, influencing demand.
- Impacts of global fish oil supply variables, such as climate change and fishing regulations.
- Innovations in fish oil extraction and refinement technologies boosting supply capabilities.