High demand for frozen tilapia fillets is forecast to boost sales

High demand for frozen tilapia fillets is forecast to boost sales


The global tilapia market is currently valued at $14.1 billion and is expected to reach a size of $22.3 billion by the end of 2033. Global demand for tilapia fish is expected to increase by 4.6% CAGR over the next ten years.

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In contrast, the second largest consumer – the Russian Federation – experienced an increase in demand in 2016-2017 with a marginal volume consumption of 4 KT. Report suggests that the Russian Federation tilapia market is expected to report steady demand for tilapia through 2022, while presenting new opportunities for Chinese suppliers in the future.

Domestic consumption predominates in the tilapia market, where the export loss is offset by continued increasing demand in the domestic markets of producing countries. As domestic consumption predominates, Fact.MR clearly assesses the dominance of domestic market prices over export prices in the profiled exporting countries during the forecast period.

According to the study, Greater China, the largest producer of the tilapia, will maintain its dominance with an estimated production of 1989 KT in 2017, about 28% of the world production. As China continues to lead production, the global tilapia trade has seen increasing participation from other tilapia-producing countries.

Important companies in profile

  • Neptune International S/A
  • Beihai Evergreen Aquatic Product Science & Technology Co.Ltd.
  • Baiyang Aquatic Group
  • Mazzetta Company LLC
  • Hainan Xiangtai Fisheries Co.Ltd.
  • Guangdong Gourmet Water Products Co.Ltd.
  • Blue Ridge Aquaculture Inc.
  • Regal Springs tilapia
  • Ananda Aqua Exports Private Limited
  • North Atlantic Fish Co. Inc.

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Tilapia market segmentation by category

  • Form
    • Dried tilapia fillets
    • Fresh or chilled tilapia fillets
    • Frozen Tilapia…

source_link https://www.digitaljournal.com/pr/high-demand-for-frozen-tilapia-fillets-is-forecast-to-fuel-sales-over-the-coming-years-2

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