Nile Tilapia Consumer Favorite, Frozen Variants Preferred due to Long Shelf Life : Market Study by Fact.MR

According to a latest study by global research and consulting firm Fact.MR, the tilapia market is expected to generate significant gains in 2021 over 2020, underpinned by heightened reliance on seafood-based protein intake by consumers. Growth for the next decade is likely to remain optimistic, registering a steady CAGR from 2021-2031.

To Remain 'Ahead' of Your Competitors, Download Report Sample :

https://www.factmr.com/connectus/sample?flag=S&rep_id=649

As per Fact.MR's analysis, the scope for tilapia suppliers and manufacturers has aggrandized significantly since the past 5 years. A United Nations report published in 2018 inferred that over 3 billion people rely on fish for a fifth of their total protein intake. Furthermore, the Food and Agricultural Organization estimated global fish production had reached around 179 million tons that same year. Market players are especially hopeful about acquiring massive gains across the Asia-Pacific region, attributed to the region's bountiful offerings of different fish species.

"Prominent manufacturers and suppliers are concentrating on providing advanced fishing solutions to increase yield per hectare, besides the introduction of new product lines and tilapia forms, paving way for enhanced research & development prospects," concludes the Fact.MR analyst.

Key Takeaways from Fact.MR's Tilapia Market Study

• By form, frozen whole tilapia fillets to generate high demand due to enhanced shelf lives
• Nile tilapia to remain the most consumed tilapia species, owing to high protein concentration and less calorie intake
• Wild tilapia to garner heightened revenue share, attributed to zero additives presence, aquaculture-reared tilapia catching up
• U.S to acquire a lucrative revenue share, however, heightened import tariffs may likely reduce consumption
• U.K to experience high annual growth, driven by an increase in the number of aquaculture farms
• Germany to emerge a strong growth hotspot, spurred by increasing seafood imports
• Japan and South Korea to remain attractive growth hotspots

Share Your Requirements & Get Customized Reports- For Customization

https://www.factmr.com/connectus/sample?flag=S&rep_id=649

Competitive Landscape

• Key tilapia market players profiled by Fact.MR include 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. and Netuno Internacional S/A among others.
• The aforementioned players are capitalizing on introduction of a wide range of products to attract a wider customer base. In addition, strategies such as capacity expansion, strengthening distribution networks and inorganic expansion are also deployed. In October 2020, Blue Ridge Aquaculture announced construction of a new tilapia producing nursery to strengthen its fish farming operations, investing nearly US$ 2.5 million, expected to be commissioned in January 2021.
• In February 2020, Baiyang Aquatic Group entered into an agreement with Qingdao-based Guoxin Blue Silicon Valley Development to strengthen domestic and foreign aquaculture production, including tilapia rearing.

Prominent Key Players Of The Keyword Market Survey 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.

Key questions covered in the report:

• How United States increased their per capita consumption of tilapia by 45 pounds?
• How is Rising Demand for Fish-based Protein Propelling Growth?
• Why is Tilapia Lake Virus a Threat to Suppliers?· What's keeping the United States at the Forefront of the Tilapia Market?
• Is China's Tilapia Market Gaining Ground Fast?
• Why is Germany Important Tilapia Suppliers?
What makes Fact.MR report stand out from others?

MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Tilapia market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Tilapia market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Tilapia market and assists to create strategies to overcome the obstacles that may hinder the growth of the Tilapia market.
• Leverage: The Tilapia market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Tilapia market.

For More Insights of Fact.MR Trending Report:-

https://www.prnewswire.com/news-releases/frozen-seafood-sales-to-grow-by-1-6x-surpassing-us-43-3-bn-by-2031--301371429.html

Tilapia Market Segmentation by Category

• Form

o Dried Tilapia Fillets
o Fresh or Chilled Tilapia Fillets
o Frozen Tilapia Fillets
o Frozen Whole Tilapia

• Species

o Nile Tilapia
o Blue Tilapia
o Mozambique Tilapia
o Wami Tilapia

• Catch

o Wild Catch
o Aqua Culture

• Region

o North America
o Latin America
o Europe
o Middle East and Africa (MEA)
o East Asia
o South Asia
o Oceania

Get Free Access to this Report :

https://www.factmr.com/checkout/649

Table of Content

Chapter 1 Executive Summary
Chapter 2 Global Tilapia Market Overview
2.1 Introduction
2.2 Market Definition
2.3 Scope of the report
Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.1.1 Better fillet yield from selective breeding programs
3.1.2 Added Production - Polyculture with shrimp and other fish
3.1.3 New farms in key producing countries - Amplifying Tilapia supply
3.1.4 Stable Tilapia supplies in the US - A Positive Market Environment
Contd..

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

This release was published on openPR.