Global Tilapia Market to reach US$ 9.2 Billion by 2027

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Global Tilapia Market
Global Tilapia Market
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Global Tilapia Market
As per Renub Research latest report, Global
Tilapia Market Forecast by Production, Import,
Export Countries, Company Analysis the Global
Tilapia Market to reach US 7.9 Billion in 2020.
The fast-growing and prolific tilapia fish is
among the essential aquaculture commodities in
the world. It grows fast, quickly breeds in
captivity, and is tolerant of various
environments and cultural systems. Farming and
propagating fish requires little input, and the
technology can be simple and easily adaptable by
small-scale fish farmers. Investors also find
tilapia farming profitable because of its
reasonably good feeding efficiency in lakes and
low investment cost. Tilapia fish has become the
shining star of aquaculture, with farms starting
and expanding over the globe while consumption
races ahead of even the numerous ambitious farm
building plans. All types of Cichlid fish species
are commonly known as the tilapia, which is
second only to carps as the world's most widely
farmed freshwater fish. These fishes are
primarily found in shallow streams, ponds,
rivers, and lakes but can also be observed in
brackish water.
Global Tilapia Market
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Global Tilapia Market
Global Tilapia Market
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Global Tilapia Market
Further, tilapia fish is a rich source of
protein, selenium, vitamin B-12, phosphorus,
potassium, niacin and is low in fat and saturated
fat, calories, omega-3 fatty acids,
carbohydrates, and sodium. The increasing
popularity of tilapia fishes leads to introducing
new and innovative products of various tilapia
fishes and frozen types of tilapia products,
including whole tilapia and tilapia
fillets. Moreover, the rapid expansion of
aquaculture has catalyzed the growth of the
tilapia industry globally. Since it is
omnivorous, hard and has good resistance to
diseases, they are affordable and accessible even
for small farmers to grow. The increasing use of
Tilapia pharmaceutical and the fashion industry
is expected to increase market demand for
Tilapia. China is the World's Biggest Producer
and Exporter of Tilapia Fish Based on producing
country, China is the world's biggest producer
and exporter of tilapia fish globally. Tilapia
fish is a vital food commodity in China its
production was mainly taken out in the southern
and southeastern coastal places where subtropical
conditions favored the species' growth and
reproduction, with Nile tilapia fish being the
most popular important.
Global Tilapia Market
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Global Tilapia Market
The tilapia fish farming industry in China is
growing rapidly. China is by far the highest
tilapia producing country and is producing one
half of the global supply. China primary tilapia
fish exporting country is the United States,
Mexico, Russia, and the European Union. The
United States and Mexico have been the
traditional markets however, the Russian market
share began to expand. The European Union market
grew steadily year on year. Besides, Indonesia
is also the significant producer of tilapia fish
globally. The tilapia fish production sector
plays a vital role in Indonesia's economy through
income generation, livelihoods diversification,
supply of animal proteins, and foreign exchange
earnings. In addition, tilapia fish is one of the
worldwide most demanded fish in the United States
market regarding its price and nutritional
quality. United States tilapia fish imports
create sales, jobs, income, value-added, and tax
impacts on the economy. The majority of tilapia
fish imported into the United States comes from
China and Taiwan, followed by Indonesia, Ecuador.
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Global Tilapia Market
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Global Tilapia Market
Impact of COVID 19 on Tilapia Fish
Industry Coronavirus has spread worldwide, and
most countries are adopting lockdown measures to
control the spread of the virus and secure public
health. All business and production activities
are fully shut down except the necessary ones
such as the food and medical sector or others,
leading toward the economic crisis in the
country. Fishing efforts have been reduced, and
tilapia stock is finishing with inactive trade
and transportation, disrupting the whole supply
chain is majorly affecting the tilapia
market. Competitive Landscape The global
tilapia fish market is highly competitive owing
to many players such as Seatrade, Atlantic Capes
Fisheries, Inc, Atalanta Corporation, Ideal Foods
Ltd, and Sea Delights. This essential company
operating in the tilapia fish market concentrates
on backward integration to expand their goods
collection and better check the final product's
quality. Backward integration within the value
chain leads to higher profit margins for the
manufacturers. As they can produce high-quality
aquafeed additives, lowered distribution costs,
and improved control over goods price.
Global Tilapia Market
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Global Tilapia Market

• Market Summary
• Production Countries We have covered top 10
  producing country in the Global Tilapia Fish
  Market (China, Indonesia, Brazil, Philippines,
  Vietnam, Thailand, Colombia, Mexico, Costa Rica,
  and Israel)
• Import Countries Report covers top 10 importing
  country in the Global Tilapia Fish Market (United
  States, Israel, Germany, Spain, United Kingdom,
  Japan, Guatemala, Switzerland, Hong Kong, South
  Korea)
• Export Countries - Our Report covers top 10
  exporting country in the Global Tilapia Fish
  Market (China, Indonesia, Honduras, Mexico,
  Taiwan, United States, Netherlands, Peru,
  Germany, Malaysia)
• All the key players have been covered from 2
  Viewpoints (Overview, Recent Development)
  Seatrade, Atlantic Capes Fisheries, Inc, Atalanta
  Corporation, Ideal Foods Ltd, and Sea Delights

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Global Tilapia Market
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Global Tilapia Market
Global Tilapia Market
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