The forecast for Canada's import of seafood-based animal feed, comprising meals, flour, and pellets, shows a slight upward trend. In 2023, the import volume stood at approximately 59.068 million kilograms. From 2024 to 2028, the import volume is projected to gradually rise from 59.068 million kilograms to 59.42 million kilograms, indicating a steady but modest growth pattern.

Year-on-year variations reveal minimal percentage increases, reflecting stable demand without significant leaps. The compound annual growth rate (CAGR) over the five-year forecast period remains low, underscoring consistent but unremarkable growth in this market segment.

Future trends to watch for include:

Shifts in global seafood supply chains, which could affect import volumes and prices.
Advancements and changes in animal feed technology and alternative protein sources impacting demand.
Environmental and sustainability concerns influencing the regulatory landscape and consumer preferences.