The forecast for fish body oil production in the U.S. suggests a decreasing trend from 2024 to 2028, with production expected to drop from 47.1 thousand metric tons in 2024 to 43.15 thousand metric tons by 2028. In 2023, the production stood at a higher level, indicating a gradual decline over the forecast period. The year-on-year percentage variation shows a consistent decline, averaging approximately 2.13% per year over the 5-year span analyzed, reflecting a negative compound annual growth rate (CAGR).
Future trends to watch for include sustainability initiatives affecting fish stocks, potential regulatory changes, and shifts in consumer preferences towards plant-based oils, which could further impact production levels. Additionally, technological advancements in fish oil extraction could alter production efficiency and costs.
