Dublin, May 17, 2021 (GLOBE NEWSWIRE) -- The "Global Tilapia Market Forecast by Production, Import, Export Countries, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
Global Tilapia Market is expected to reach US$ 9.2 Billion by 2027, from US$ 7.9 Billion in 2020
Tilapia Industry globally is expected to grow with a CAGR of 2.20% from 2020 to 2027.
Tilapia is a genus of 'Cichlidae family and is mainly freshwater fish that resides in shallow streams, ponds, rivers and lakes. Globally, Tilapia is one of the numerous consumed farmed fishes.
Historically, this versatile fish was of prominent influence in mainly African and Middle Eastern provinces. But now, it is absorbed globally and gaining popularity in Asian and American countries. It is reasonable and mild in taste, making it a suitable replacement for costly options like salmon.
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.
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.
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.
Key Topics Covered:
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
5. Global Tilapia Fish Production
6. Share Analysis - Global Tilapia Fish
6.1 Market Share
6.1.1 By Producing Countries
6.1.2 By Importing Countries
6.1.3 By Exporting Countries
6.2 Volume Share
6.2.1 By Producing Countries
7. Production - Tilapia Market & Volume by Country
7.9 Costa Rica
8. Import - Tilapia Market by Country
8.1 United States
8.5 United Kingdom
8.9 Hong Kong
8.10 South Korea
9. Export - Tilapia Market by Country
9.6 United States
10. Company Analysis
10.1.2 Recent Developments
10.2 Atlantic Capes Fisheries, Inc
10.2.2 Recent Developments
10.3 Atalanta Corporation
10.3.2 Recent Developments
10.4 Ideal Foods Ltd
10.4.2 Recent Developments
10.5 Sea Delights
10.5.2 Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/msjyj4
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