As of 2023, the import of meals, flour, and pellets of seafood for animal feed to Italy was valued at $86 million. Forecasts predict a steady increase in imports with values reaching $88.083 million in 2024 and rising up to $94.027 million by 2028. This forecast indicates a comprehensive compound annual growth rate over the next five years, reflecting gradual but consistent market expansion.
Future trends to watch for include:
- Potential impact of global seafood supply changes on import volumes and prices.
- Advancements in animal feed technology and the demand for sustainably sourced feed.
- Eco-friendly and regulation-driven shifts towards alternative protein sources.
- Influence of international trade policies and bilateral agreements on trade volumes.