The forecasted fish meal production in Malaysia indicates a steady increase over the coming years. Starting from 76.0 thousand metric tons in 2024, the production is expected to grow by 1.32% year-on-year, reaching up to 80.0 thousand metric tons by 2028. This shows a consistent rise with an average Compound Annual Growth Rate (CAGR) of approximately 1.28% from 2023 to 2028. The actual production in 2023 stood at 75.0 thousand metric tons, laying the foundation for this projected growth.
Key future trends to monitor include:
- Fishery sustainability practices and their impact on production.
- Technological advancements in fish meal processing.
- Changes in global demand for fish meal, especially in aquaculture.
- International trade policies affecting import-export dynamics.
- Environmental regulations addressing marine resource exploitation.
