The accelerated development of aquaculture has catalysed the growth of the tilapia industry globally. Being an ideal choice for fish farming, Tilapia has become the second most cultured species after carps. Since it is omnivorous, complex and has good resistance to diseases, they are affordable and accessible for small farmers to grow. The developing health awareness amongst people and desire for a protein-rich diet also drives Tilapia Fish Market's market globally 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 the aquaculture business globally is also are stimulating the tilapia market's growth. As per our research findings, Worldwide Tilapia Market was US$ 7.9 Billion in 2020.
While demand for freshwater fish such as Tilapia is ever-growing, there are a few restraining factors that need tilapia suppliers' attention. Tilapia fish are often vulnerable to Tilapia Tilapine virus or Tilapia lake virus, a negative-strand RNA virus that infects both the wild and aquaculture population Tilapia. Since there is no effective and affordable vaccine for this virus, but there are various precautionary and preventive measures and treatments. For instance, an Emergency Regional Consultation for Prevention and Management of Tilapia Lake Virus in the Asia Pacific region has been undertaken to prevent such a virus in Tilapia. The World Fish Center Organization has also taken the initiative to spread awareness among tilapia suppliers regarding this virus.
China is the top producer in terms of market & volume as well as exporter of tilapia fish. China accounts for the majority of the global market. Moreover, the increased production of Tilapia in China, coupled with increased government initiatives for aquaculture, is expected to promote further the market's growth over the country's forecast period. As per our analysis, Tilapia Industry globally is expected to grow with a CAGR of 2.20% from 2020 to 2027.
The U.S. is the chief importer of Chinese tilapia fish across the world. The popularity of tilapia fish increases in the U.S. due to its nutritional benefits. The tilapia fishes are enriched with proteins. The dietary advantages and health benefits of tilapia fish, coupled with the awareness among the consumers in the U.S., are increasing the demand for tilapia fish in the U.S.
This report titled “Global Tilapia Market, Forecast by Production Countries (China, Indonesia, Brazil, Philippines, Vietnam, Thailand, Colombia, Mexico, Costa Rica, and Israel), Import (United States, Israel, Germany, Spain, United Kingdom, Japan, Guatemala, Switzerland, Hong Kong, South Korea), Export (China, Indonesia, Honduras, Mexico, Taiwan, United States, Netherlands, Peru, Germany, Malaysia),” Company Analysis (Seatrade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, Sea Delights) provides a complete analysis of Worldwide Tilapia Fish Market.
Production - Market & Volume breakup of Top 10 Countries
1. China
2. Indonesia
3. Brazil
4. Philippines
5. Vietnam
6. Thailand
7. Colombia
8. Mexico
9. Costa Rica
10. Israel
Import - Market breakup of Top 10 Countries
1. United States
2. Israel
3. Germany
4. Spain
5. United Kingdom
6. Japan
7. Guatemala
8. Switzerland
9. Hong Kong
10. South Korea
Export - Market breakup of Top 10 Countries
1. China
2. Indonesia
3. Honduras
4. Mexico
5. Taiwan
6. United States
7. Netherlands
8. Peru
9. Germany
10. Malaysia
All companies have been covered from 3 Viewpoints
- Overviews
- Recent Developments
- Revenues
Company Analysis
1. Seatrade
2. Atlantic Capes Fisheries, Inc
3. Atalanta Corporation
4. Ideal Foods Ltd
5. Sea Delights
Table of Contents
Companies Mentioned
- Seatrade
- Atlantic Capes Fisheries, Inc
- Atalanta Corporation
- Ideal Foods Ltd
- Sea Delights
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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