The global tilapia market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Tilapia belongs to the family ‘Cichlidae’ and is largely freshwater fish which dwells in shallow streams, ponds, rivers and lakes. Tilapia is one of the most consumed farmed fishes in the world. Historically, this versatile fish was of great importance in mainly African and the Middle Eastern regions. But now, it is consumed across the globe and gaining popularity in Asian and American countries. It is inexpensive and mild in taste which makes it a good substitute for expensive alternatives such as salmon.
The rapid expansion of aquaculture has catalysed the growth of the tilapia industry globally. Tilapia, being an ideal choice for fish farming, has now become the second most cultured species after carps. Since, it is omnivorous, hard and have good resistance to diseases, they are affordable and easy even for small farmers to grow. In addition to this, the growing health consciousness among people and demand for protein-rich diet also drive the demand for tilapia since it contains vitamin B, iron, vitamin D, selenium and omega-3 fatty acids. Moreover, the improvements in genetic technology, selective breeding and increasing government initiatives to support aquaculture business are also stimulating the growth of the tilapia market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tilapia market report, along with forecasts at the global and country level from 2022-2027. Our report has categorized the market based on farmed vs wild capture, species, product and sector.
Breakup by Farmed Vs Wild Capture:
Based on the farmed vs wild capture, farmed tilapia currently dominates the market.
Breakup by Region:
Based on the region, China currently holds majority of the market share in the global tilapia market.
Breakup by Species:
- Nile Tilapia
- Tilapias Nei
- Blue Nile Tilapia
- Mozambique Tilapia
Nile tilapia currently represents the leading segment, accounting for majority of the market share.
Breakup by Product:
- Frozen Fillets
- Whole Fish
- Fresh Fillets
Frozen fillets currently represent the largest product type accounting for the highest market share.
Breakup by Sector:
Based on the sector, the global tilapia market has been segmented into institutional and retail sector.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Million Tons, US$ Billion
||Farmed Vs Wild Capture, Species, Product, Sector, Country
||China, Indonesia, Egypt, Bangladesh, Philippines, Brazil, Thailand, Others
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