The global tilapia market value is estimated to reach USD 10 Billion by 2025 at a CAGR of 4%
Growth in the processed seafood industry, changing consumption patterns, and the rising preference for healthy seafood are estimated to drive the global demand for tilapia.
Tilapia is a freshwater fish species and is one of the common staples in the U.S. It is a mild-flavored, low-priced fish and offers numerous nutrients and proteins. Tilapia is a rich source of potassium, niacin, phosphorous, vitamin B12, and selenium. It is also referred to as “aqua-chicken” in the U.S. and is mass-produced to meet the excessive demand at a reasonable price. There are several practices available in the industry for tilapia farming. The fish is inherent to Africa and farmed across 135 countries. The dangers and benefits of tilapia are largely affected by location and farming practices. China is identified as the world’s largest tilapia producer. Tilapia is a seasonal fish and tolerant of diverse aquaculture environments. It can be cultivated in a pond, saltwater, or cage systems or brackish. However, tilapia can breed and live only in warm water.
Tilapia fish grows rapidly and male tilapia usually exhibit a high production rate compared to female tilapia. As a result, farmers can prefer the cultivation of only male tilapia, and this type of fish farming is commonly termed as mono-sex fish farming. Pond selection, pond nursing, breeding, and feed management are important stages in tilapia fish farming. Commercial feeds and organic feeds are very common and popular for the large scale and healthy tilapia production. A farmer can employ a wide range of strategies in tilapia farming, ranging from quite simple to very complex.
This research report classifies the global Tilapia market based on key species, product type, application, catch type, packaging, and distribution channel. Key species categories include wami tilapia, blue tilapia, Nile tilapia, and Mozambique tilapia. Key product types covered in the research report are frozen tilapia fillets, fresh whole tilapia, fresh tilapia fillets, and frozen whole tilapia. Key application categories identified in the research study are the pharmaceutical industry, fashion industry, food industry, and cosmetics and personal care industry. On the basis of the fish catching method, the market is categorized as aquaculture and wild catch tilapia. By packaging type, the global market is categorized into plastic bags, styrofoam, cans, and heat-sealed bags. On the basis of the distribution channel, the market is categorized as business to business and business to consumer. By geography, the market is categorized as Europe, Asia Pacific, North America, Middle East and Africa, and Latin America.
Key Industry Players in the Global Tilapia Market Report
In order to assess the competitive landscape of the global industry, the research study emphasizes on the analysis of the key companies operating in the global market for Tilapia. The competitive analysis includes business profiles, product overview, financial summary, and strategic development of these major companies. Key industry participants studied in the report include IBCO Ltd., Baiyang Industrial Investment Group Co. Ltd. Blue Gulf Seafoods Co. Ltd., Amacore BV, Zhenye Aquatic Huilong Ltd., Hainan Xiangtai Fishery Co. Ltd., Zhanjiang Guolian Aquatics Products Co. Ltd., Hainan Qinfu Foods Co. Ltd., and Regal Springs Tilapia AG. Strategic location, efficient supply chain, and organic partnerships are the key business strategies practiced by key industry players.
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