The 2025 market trends highlight significant shifts in consumer behavior across various sectors.
According to reports, the Asia-Pacific fish meal market is set to surpass USD 4.27 billion by 2024, with an impressive compound annual growth rate (CAGR) of 7.43% anticipated during the forecast period. The increasing demand for fish meal within aquaculture and livestock feed sectors emerges as the primary driver for this growth.
Innovation and increased emphasis on sustainable fishing practices are expected to bolster market expansion. By 2024, the Asia-Pacific region is projected to hold the largest market share, accounting for 42%. North America is also expected to witness considerable growth at a CAGR of 7.73% during the study period, driven largely by the expansion of the fish meal market and enhanced monitoring of sustainable fishing practices.
The marine fish segment is anticipated to dominate the fish meal market, commanding 72% market share by 2024. The shrimp segment is also predicted to grow at 7.82% CAGR during the forecast. The aquaculture sector is poised to contribute the most significant market share within livestock feed (86% by 2024), illustrating the increasing reliance on fish meal as a primary feed source.
By 2034, the Asia-Pacific fish meal market is expected to reach approximately USD 8.75 billion, continuing its growth trend with a CAGR of 7.43%. The region's continued dominance may be attributed to steady growth within aquaculture industries across Indonesia, Vietnam, China, and Thailand.
Alongside these industry trends, changing consumer behaviors are influencing gift preferences, particularly around International Women’s Day. 2025 is poised to see popular gifting trends centering on traditional gifts, clean food items, personalized presents, and themed gift sets. Traditional gifts, such as silk accessories and handcrafted jewelry, remain favored as they symbolize cultural appreciation.
This year, focus on clean food gifts continues to grow as consumers prioritize quality, origin, and nutrition over mere affordability. Suggestions include organic teas, locally sourced chocolates, and nutrient-rich dried fruits. The green consumer movement, highlighted by figures like Mai Thi Chung, reflects how shopping habits are shifting; consumers increasingly opt for cloth bags over plastic, embracing sustainable choices.
The movement toward personalized gifts is gaining momentum, with consumers selecting unique and individualized items to express their sentiments. Popular options include engraved jewelry, custom candles, and personalized tote bags, appealing to those seeking to add personal touches to their gifts.
Finally, themed gift sets are becoming increasingly favored for their convenience and curated appeal. Consumers appreciate the ease of selecting pre-packaged gifts, whether focused on self-care, relaxation, or gourmet food experiences, allowing for more meaningful connections.
The seamless integration of sustainable practices across sectors points to a societal shift toward environmentally conscious consumerism. Businesses are adapting to these changes, as companies like The Century Fiber Corporation pivot to sustainable product lines, focusing on recycled and special purpose fibers.
Vietnam's growing emphasis on promoting sustainable practices sets the stage for continued growth and development across retail markets as the focus shifts to more thoughtful, environmentally friendly consumption.
Overall, the trends of 2025 reflect consumers' growing awareness and commitment toward sustainability, culture, and individuality.