Tilapia Market Growth, Latest Trend & Forecast 2028

Posted by Hussain on March 21st, 2020

Global Tilapia market – A report by Fact.MR

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Tilapia market. The Tilapia report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment alongwith its sub-segment is analyzed in terms of value and volume. Further, the Tilapia report elaborates the market behavior of each vendor operating in the Tilapia market.

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The Tilapia report considers the following years to present the overall market growth:

  • Forecast Year: 2018 – 2028

Key findings of the Tilapia market study:

  • Regional breakdown of the Tilapia market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Tilapia vendors in detail.
  • Region-wise and country-wise fragmentation of the Tilapia market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Tilapia market.

Tier 3 Companies Continue to Account for Over Half the Tilapia Market Share

As one of the most popular farmed fish, a bulk of tilapia consumption, mostly fresh tilapia is met by domestic production. Especially in the Asian seafood industry, supply chain starts from small fish farmers to big city vendors. China, the world’s largest producer of tilapia also exports only about 10% of its total tilapia production. Following this, the tilapia marketplace continues to remain consolidated among Tier 3 players. In the highly unorganized market, small players continue to leverage opportunities in the domestic tilapia market with their strong local presence and limited regulatory constraints.

Tier 1 and Tier 2 Players Add Diversification to Target High Potential Markets

In 2017, over 95% of the global tilapia production was consumed in the domestic market as cheaper, commoditized tilapia. While a hefty demand of commoditized tilapia is addressed by local players, prominent market players and producers are diversifying their product offerings to target high potential markets in the U.S. and EU28. Eco-labeling, low-antibiotic production processes and convenience packaging are few of the differentiated features added in processed seafood in a bid to establish a clear distinction between commoditized and premium tilapia products.

Addition of diversity in premium tilapia offerings is meant to target expanding of middle-class and health-conscious urban demographic. While the U.S. imports a bulk of Chinese tilapia, an appetite for tilapia remains considerably lower in the EU28 market. Increasing purchase of premium and pre-prepared seafood products in these leading importer destinations is expected to stimulate the sales of premium tilapia products in the U.S. and EU28.

Queries addressed in the Tilapia market report:

  • How has the global Tilapia market grown over the historic period of 2014-2018?
  • Why are the Tilapia market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global Tilapia market?
  • Which regions are displaying the fastest growth in the Tilapia market?
  • What are the underlying micro- macroeconomic factors affecting the global Tilapia market?

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Joined: December 23rd, 2016
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