Global Tilapia Market to Grow at 3% During 2024-2032, Catalyzed by Rising Health Consciousness

August 26, 2019 | Food & Beverages

According to the latest report by IMARC Group, titled “Tilapia Market Report by Farmed Vs Wild Capture (Farmed, Wild Capture), Species (Nile Tilapia, Tilapias Nei, Blue Nile Tilapia, Mozambique Tilapia, and Others), Product (Frozen Fillets, Whole Fish, Fresh Fillets, and Others), Sector (Institutional, Retail), and Region 2024-2032”, the global tilapia market is expected to grow at a CAGR of 3% during 2024-2032. Tilapia is a species of freshwater fish that belongs to the ‘Cichlidae’ family. This species of fish is mostly found in shallow streams, ponds, rivers, lakes and brackish water. It is considered an ideal fish for farming since it is extremely adaptable, grows quickly, requires a cost-effective vegetarian diet and can survive in poor-quality water or overcrowded conditions. It is characterized by a mild taste and is easy to prepare. It is relatively inexpensive and is rich in nutrients such as proteins, vitamins, minerals, niacin, phosphorus, selenium, potassium, and fatty acids omega-3 and omega-6. Besides this, it contains lower concentrations of sodium, calories and total fat as compared to other processed meats and is associated with improving vision, heart health and joint strength.

Global Tilapia Market Trends:

Globalization and changing dietary patterns have led to the incorporation of seafood in the diet of the majority of the population, which is primarily driving the growth of the market. This, along with the growing health consciousness among consumers, has increased the demand for protein-rich seafood like tilapia. Additionally, owing to the increasing working population and their busy schedules, canned and frozen variants of tilapia are also gaining wide preference across the globe. These ready-to-cook food products save a significant amount of time and effort of the users. Apart from this, the expansion of the e-commerce industry is improving access to the product as the convenience associated with online shopping has impelled manufacturers and vendors to venture into the online retail sector. Improvements in genetic technology and selective breeding are the other major factors creating a positive outlook for the market.

Market Summary:

  • The market has been analyzed on the basis of farmed vs wild capture, wherein farmed tilapia exhibits a clear dominance in the market.
  • Based on the species, nile tilapia, tilapias nei, blue nile tilapia, mozambique tilapia and others,
  • On the basis of the product, the market has been categorized into frozen fillets, whole fish, fresh fillets and others.
  • On the basis of the sector, the market has been bifurcated into institutional and retail.
  • On the geographical front, the market has been divided into China, Indonesia, Egypt, Bangladesh, the Philippines, Brazil, Thailand and others. Amongst these, China holds the leading position in the market.
  • The market has further been segregated into imports and exports based on the trade data.
  • The competitive landscape of the market has also been examined, along with the detailed profiles of the key players operating in the market.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, US$ Billion
Segment Coverage Farmed Vs Wild Capture, Species, Product, Sector, Country
Countries Covered China, Indonesia, Egypt, Bangladesh, Philippines, Brazil, Thailand, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Tilapia Market to Grow at 3% During 2024-2032, Catalyzed by Rising Health Consciousness
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