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According to the latest report by IMARC Group, titled“ Tilapia Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the global tilapia market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
How Big is the Global Tilapia Market:
The
global tilapia market size reached US$ 8.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032.
Market Overview:
Tilapia is a popular freshwater fish native to the Nile River in Africa but is now farmed globally due to its robust nature and rapid growth rate. It's a cornerstone species in aquaculture, the third most important fish in fish farming after carp and salmon, due to its adaptability, mild flavor, and affordability. These qualities make tilapia a staple protein source in many cultures and an integral part of sustainable aquaculture practices. The fish is praised for its low mercury content and is a rich source of protein, vitamins, and minerals, including phosphorus, niacin, selenium, and vitamin B12. Tilapia's mild taste and firm texture make it extremely versatile in the culinary world and suitable for a variety of cooking methods, including grilling, baking, and frying.
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Global Tilapia Market Trends:
The rising awareness of health and nutrition among consumers is driving the global market. Tilapia is rich in protein, vitamins, and minerals and is considered a healthier alternative to red meat due to its lower calorie and fat content. Moreover, the global shift towards protein-rich diets has further amplified tilapia's market presence. Its adaptability to various culinary traditions, ease of cooking, and ability to blend with numerous flavors make it a popular choice in diverse culinary cultures.
Additionally, the relatively low price of tilapia, compared to other seafood, makes it accessible to a broader consumer base, driving its consumption in both developed and emerging markets. Furthermore, the globalization of food supply chains has facilitated the widespread availability of tilapia, enabling its presence in various markets, and promoting its integration into global cuisine.
Key Market Segmentation:
Breakup by Product:
Frozen Fillets Whole Fish Fresh Fillets Others
Breakup by Sector:
Breakup by Farmed Vs Wild Capture:
Breakup by Species:
Nile Tilapia Tilapias Nei Blue Nile Tilapia Mozambique Tilapia Others
Competitive Landscape:
The competitive landscape of the market has also been examined, along with the detailed profiles of the key players operating in the market.
Breakup by Region:
China Indonesia Egypt Bangladesh Philippines Brazil Thailand Others
Key highlights of the Report:
Market Performance (2018-2023) Market Outlook ( 2024-2032 ) COVID-19 Impact on the Market Porter's Five Forces Analysis Historical, Current and Future Market Trends Market Drivers and Success Factors SWOT Analysis Structure of the Market Value Chain Analysis Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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