The global fish meal domestic consumption analysis reveals China's dominance with a 39.16% share, sustaining its leadership with a 4.04% increase in 2023. The USA, Canada's neighbor, experienced a significant rise of 5.63%, while Malaysia's consumption surged by 10.76%, indicating growing demand. Other key players include Vietnam, Japan, and Norway, with slight variations. Notably, Russia saw a substantial 14.29% decline. Over the last five years, the market's average annual growth highlights diverse regional patterns.
Future trends to watch include China's continued influence, potential growth in emerging markets, and shifting dynamics in response to environmental and regulatory changes.
Top countries in Fish Meal Domestic Consumption Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 39.16 | 2023 | +7.39% | +4.04% | View data |
| 2 | 2 Vietnam | 7.19 | 2023 | +2.56% | -2.97% | View data |
| 3 | 3 Japan | 6.47 | 2023 | -2.7% | -2.23% | View data |
| 4 | 4 Norway | 5.75 | 2023 | -4.48% | +0.64% | View data |
| 5 | 5 Thailand | 5.03 | 2023 | +14.29% | -0.21% | View data |
| 6 | 6 United States | 3.45 | 2023 | -1.54% | +5.63% | View data |
| 7 | 7 Chile | 2.96 | 2023 | +6.45% | -1.73% | View data |
| 8 | 8 Taiwan | 2.86 | 2023 | 0% | +1.31% | View data |
| 9 | 9 Indonesia | 2.46 | 2023 | +3.79% | +3.74% | View data |
| 10 | 10 Canada | 2.21 | 2023 | +6.03% | -0.16% | View data |
