(MENAFN- Ameliorate Digital Consultancy)
The global tilapia market currently enjoys a value of US$ 14.1 billion and is forecasted to reach a size of US$ 22.3 billion by the end of 2033. Global demand for tilapia fish is projected to increase at 4.6% CAGR over the next ten years.
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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.
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.
Key Companies Profiled
Netuno Internacional S/A Beihai Evergreen Aquatic Product Science & Technology Co. Ltd. Baiyang Aquatic Group Mazzetta Company LLC Hainan Xiangtai Fishery Co. Ltd. Guangdong Gourmet Aquatic Products Co. Ltd. Blue Ridge Aquaculture Inc. Regal Springs Tilapia Ananda Aqua Exports Private Limited North Atlantic Fish Co. Inc.
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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 Region North America Latin America Europe Middle East and Africa (MEA) East Asia South Asia Oceania
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