In March 2025, the global production of fishmeal and fish oil saw a significant increase of approximately 29% compared to the same period in 2024, primarily due to a substantial rise in Peru and positive trends in Chile, the U.S., Spain, and Africa. Peru's reactivation of anchovy fishing and the setting of a 3 million metric ton total allowable catch have contributed greatly to this surge. IFFO anticipates strong demand for marine ingredients in China in 2025, driven by the annual fishing moratorium and the need for importing raw materials for fishmeal and fish oil production. This demand is expected to be further fueled by increased farm-gate prices and expanded aquaculture production, benefiting various species with a high fishmeal dietary requirement and leading to higher production of marine ingredients throughout the year. Additionally, pig farmers anticipate a positive market trend in the latter half of 2025, which is likely to increase the cost of feed ingredients such as fishmeal and fish oil.