Global Tilapia Market By Type ( Tilapia, Tilapia fillet ), By Application( Fresh, Freezing, Food Processing ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033
- 135152
- 04 Jan 2023
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The tilapia market is estimated to be worth USD 13.9 billion in 2023. It is expected to grow to USD 21.6 billion in 2033. This is a 4.5% CAGR over the forecast period. Tilapia, a pioneer species of seafood that can thrive in harsh environments, is considered an invasive species in many countries. As governments encourage tilapia production to increase their food security index, producers are taking advantage of lucrative opportunities in the global market for tilapia. The global tilapia industry is seeing the development of cutting-edge technology, which has led to an increase in the number of commercial-medium-sized farms.
Growing Demand:
Although the product demand is showing positive growth prospects, it seems that farmers are unable to keep up with the consumer demand. The mass production of tilapia is being impeded by the Tilapia Tilapane, also known as the Tilapia Lake virus. Scientists are still trying to find a vaccine for the virus at the start of the forecast period. Farmers must use certain precautionary measures to avoid a widespread virus outbreak. A mass-virus epidemic could cause market disruptions.
To sustain market growth, key players and government agencies must work together to raise awareness and prevent the spread of viruses.
Tilapia Market Scope:
By type, the market is segmented into Tilapia and Tilapia fillet. By Application, the market is divided into Fresh, Freezing, and Food Processing.
Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America and the Middle East, and Africa. Major players profiled in the report include China, Egypt, USA, Indonesia, Philippines, Thailand, Brazil, Viet Nam, Colombia, Ecuador, Myanmar, Malaysia, Uganda, and Bangladesh.
Key Market Segments
Type
Tilapia
Tilapia filletApplication
Fresh
Freezing
Food ProcessingKey Market Players included in the report:
Baiyang Aquatic Group
Blue Ridge Aquaculture, Inc.
Guangdong Gourmet Aquatic Products Co. Ltd.
Ananda Aqua Exports Private Limited
Hainan Xiangtai Fishery Co., Ltd.
Beihai Evergreen Aquatic Product Science & Technology Co. Ltd.
Regal Springs Tilapia
Mazzetta Company, LLC.
North Atlantic Fish Co., Inc.
Netuno Internacional S/ADriving Factors:
The aqua market is growing at a rapid pace due to the increasing population and the attraction of aquaculture. The market is becoming more conscious of healthy eating and the availability of healthy food products. Tilapia is the most popular fish in the world. It is a great source of protein and has a lot of vitamins and minerals. The skin of Tilapia can also be used to heal burns of the second and third degrees and prevent scarring. Tilapia is a cheap fish that has good taste. This makes it a great alternative to expensive seafood.
Growth Restraints:
Individuals and market shareholders involved in tilapia fishing have a serious threat to face: the TiLV (tilapia lake virus). The emergence of the tilapia virus (TiLV) can be traced back to 2009 when tilapia fish were killed under mysterious circumstances. This virus has caused havoc in the market and has proven to be a significant growth inhibitor for tilapia fish.
These are the global tilapia market trends:
The rapid expansion of aquaculture has led to increased tilapia production in most countries. China is the world’s largest producer, exporter, consumer, and exporter of tilapia. Some regions are unsafe to purchase tilapia because the fish were not raised with safe additives or veterinary drug residues. They also had been fed animal feces which can be extremely harmful and can lead to many diseases.
Working consumers are increasingly turning to frozen and canned tilapia because they lack the time due to their busy schedules and work. Tilapia provides them with convenience and ready-to-cook food that saves time and energy.
Recent Developments:
North Atlantic Fish Co., Inc. launched its new range of tilapia products, including North Atlantic Frozen Whole Tilapia Fillets and North Atlantic Frozen Whole Tilapia, with a special focus on sustainability, in 2020.
Hainan Xiangtai Fishery Co., Ltd. launched its new product range, including Gutted and Scaled Tilapia, Whole Round Tilapia, Tilapia Fillet, and other products, in 2020.
- Table Of Content
1. Tilapia Market Introduction
1.1. Definition
1.2. Taxonomy
1.3. Research Scope2. Executive Summary
2.1. Key Findings by Major Segments
2.2. Top strategies by Major Players3. Global Tilapia Market Overview
3.1. Tilapia Market Dynamics
3.1.1. Drivers
3.1.2. Opportunities
3.1.3. Restraints
3.1.4. Challenges3.2. PESTLE Analysis
3.3. Opportunity Map Analysis
3.4. PORTER’S Five Forces Analysis
3.5. Market Competition Scenario Analysis
3.6. Product Life Cycle Analysis
3.7. Opportunity Orbits
3.8. Manufacturer Intensity Map4. Global Tilapia Market Value (US$ Mn), Share (%), and Growth Rate (%) Comparison by Type, 2012-2028
4.1. Global Tilapia Market Analysis by Type: Introduction
4.2. Market Size and Forecast by Region
4.3. Tilapia
4.4. Tilapia fillet5. Global Tilapia Market Value (US$ Mn), Share (%), and Growth Rate (%) Comparison by Application, 2012-2028
5.1. Global Tilapia Market Analysis by Application: Introduction
5.2. Market Size and Forecast by Region
5.3. Fresh
5.4. Freezing
5.5. Food Processing6. Global Tilapia Market Value (US$ Mn), Share (%), and Growth Rate (%) Comparison by Region, 2012-2028
6.1. North America
6.1.1. North America Tilapia Market: Regional Trend Analysis
6.1.1.1. US
6.1.1.2. Canada
6.1.1.3. Mexico6.2. Europe
6.2.1. Europe Tilapia Market: Regional Trend Analysis
6.2.1.1. Germany
6.2.1.2. France
6.2.1.3. UK
6.2.1.4. Russia
6.2.1.5. Italy
6.2.1.6. Rest of Europe6.3. Asia-Pacific
6.3.1. Asia-Pacific Tilapia Market: Regional Trend Analysis
6.3.1.1. China
6.3.1.2. Japan
6.3.1.3. Korea
6.3.1.4. India
6.3.1.5. Rest of Asia6.4. Latin America
6.4.1. Latin America Tilapia Market: Regional Trend Analysis
6.4.1.1. Brazil
6.4.1.2. Argentina
6.4.1.3. Rest of Latin America6.5. Middle East and Africa
6.5.1. Middle East and Africa Tilapia Market: Regional Trend Analysis
6.5.1.1. GCC
6.5.1.2. South Africa
6.5.1.3. Israel
6.5.1.4. Rest of MEA7. Global Tilapia Market Competitive Landscape, Market Share Analysis, and Company Profiles
7.1. Market Share Analysis
7.2. Company Profiles
7.3. China7.3.1. Company Overview
7.3.2. Financial Highlights
7.3.3. Product Portfolio
7.3.4. SWOT Analysis7.3.5. Key Strategies and Developments7.4. Egypt
7.4.1. Company Overview
7.4.2. Financial Highlights
7.4.3. Product Portfolio
7.4.4. SWOT Analysis
7.4.5. Key Strategies and Developments7.5. USA
7.5.1. Company Overview
7.5.2. Financial Highlights
7.5.3. Product Portfolio
7.5.4. SWOT Analysis
7.5.5. Key Strategies and Developments7.6. Indonesia
7.6.1. Company Overview
7.6.2. Financial Highlights
7.6.3. Product Portfolio
7.6.4. SWOT Analysis
7.6.5. Key Strategies and Developments7.7. Philippines
7.7.1. Company Overview
7.7.2. Financial Highlights
7.7.3. Product Portfolio
7.7.4. SWOT Analysis
7.7.5. Key Strategies and Developments7.8. Thailand
7.8.1. Company Overview
7.8.2. Financial Highlights
7.8.3. Product Portfolio
7.8.4. SWOT Analysis
7.8.5. Key Strategies and Developments7.9. Brazil
7.9.1. Company Overview
7.9.2. Financial Highlights
7.9.3. Product Portfolio
7.9.4. SWOT Analysis
7.9.5. Key Strategies and Developments7.10. Viet Nam
7.10.1. Company Overview
7.10.2. Financial Highlights
7.10.3. Product Portfolio
7.10.4. SWOT Analysis
7.10.5. Key Strategies and Developments7.11. Colombia
7.11.1. Company Overview
7.11.2. Financial Highlights
7.11.3. Product Portfolio
7.11.4. SWOT Analysis
7.11.5. Key Strategies and Developments7.12. Ecuador
7.12.1. Company Overview
7.12.2. Financial Highlights
7.12.3. Product Portfolio
7.12.4. SWOT Analysis
7.12.5. Key Strategies and Developments7.13. Myanmar
7.13.1. Company Overview
7.13.2. Financial Highlights
7.13.3. Product Portfolio
7.13.4. SWOT Analysis
7.13.5. Key Strategies and Developments7.14. Malaysia
7.14.1. Company Overview
7.14.2. Financial Highlights
7.14.3. Product Portfolio
7.14.4. SWOT Analysis
7.14.5. Key Strategies and Developments7.15. Uganda
7.15.1. Company Overview
7.15.2. Financial Highlights
7.15.3. Product Portfolio
7.15.4. SWOT Analysis
7.15.5. Key Strategies and Developments7.16. Bangladesh
7.16.1. Company Overview
7.16.2. Financial Highlights
7.16.3. Product Portfolio
7.16.4. SWOT Analysis
7.16.5. Key Strategies and Developments8. Assumptions and Acronyms
9. Research Methodology
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