Tilapia Market to Generate Profitable Avenues for Existing Companies as Well as New Players : FactMR

On the contrary, the second largest consumer – Russian Federation witnessed an increase in demand with a marginal volume consumption of 4 KT in the period of 2016-2017.  Report opines that the Russian Federation tilapia market is expected to report a steady demand for tilapia through 2022 while presenting emerging opportunities for Chinese suppliers in the future. Domestic consumption predominates the tilapia market where the loss in exports is countervailed by persistently rising demand in the domestic markets of producing countries. As the domestic consumption holds sway, Fact.MR clearly estimates the preeminence of domestic market prices over export prices in the profiled exporting countries during the forecast period.

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According to the study, Greater China, the largest producer of the tilapia will maintain its dominion with an estimated production of 1989 KT in 2017, about 28% of the global production. While China continues to helm the production, global tilapia trade has witnessed increasing participation of other tilapia producing countries. With the improvements in aquaculture practices, tilapia markets in Egypt and Indonesia are estimated to account for over 36% of the global production collectively while significantly curbing the share of the Chinese tilapia market.

Erosion of the Chinese tilapia market can also be attributed to increasing inclination of tilapia farmers for other specialty fishes such as pangasius owing to increasing demand for this low-cost fish variety. Amidst the declining shares of China, Fact.MR study reveals a persistent increase in the global tilapia production wherein top ten countries (China, Egypt, Indonesia, Bangladesh, Philippines, Thailand, Vietnam, Brazil, Mexico and Uganda) are expected to account for 90% of the global production by the end of 2028.

Tilapia Market Segmentation by Category

• Form

  • Dried Tilapia Fillets
  • Fresh or Chilled Tilapia Fillets
  • Frozen Tilapia Fillets
  • Frozen Whole Tilapia

• Species

  • Nile Tilapia
  • Blue Tilapia
  • Mozambique Tilapia
  • Wami Tilapia

• Catch

  • Wild Catch
  • Aqua Culture

• Region

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

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The Tilapia Market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing Tilapia Market does?
• How the global Tilapia Market does looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2029?
• What innovative products are being introduced by the players in the global Tilapia Market does?
• Which regions are showing the fastest market growth?

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