Tilapia Market
Tilapia Market Analysis by Dried Tilapia Fillets, Fresh or Chilled Tilapia Fillets, Frozen Tilapia Fillets, and Frozen Whole Tilapia from 2023 to 2033
Analysis of Tilapia market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Tilapia Market Outlook (2023 to 2033)
The global tilapia market currently enjoys a value of US$ 14.1 billion and is forecasted to reach a size of US$ 22.3 billion by the end of 2033. Global demand for tilapia fish is projected to increase at 4.6% CAGR over the next ten years.
Tilapia is a species of fish that has the ability to thrive and survive in difficult habitats, which has led to its widespread farming across the world. Tilapia aquaculture is also very cost-efficient and has the potential to generate sustainable profits for fish farmers. Advancements in technology and supportive initiatives to promote tilapia fish farming are also expected to benefit market development in the future.
Efforts to improve domestic production of tilapia fish, the rapid expansion of the aquaculture industry, increasing consumption of white fish, the growing popularity of the benefits associated with tilapia consumption, increasing focus on health and fitness, and rising demand for fish protein are other prospects that could decide tilapia sales in the future.
- In February 2022, Ghana Fisheries and Aquaculture Minister Mavis Hawa Koomson stated that the government will be working closely with law enforcement agencies to enforce the ban on imports of tilapia. Ghana has imposed a strict ban on tilapia imports until the country achieves enough production levels that satisfy the domestic demand.
On the flip side, the vulnerability of tilapia fish to Tilapia Tilapinevirus or Tilapia lake virus and lack of awareness among fish farmers for the same could prove to be major restraining factors for the tilapia market evolution over the coming years. The invasive nature of tilapia fish species could also hamper overall market growth throughout the forecast period.
| Report Attributes | Details |
|---|---|
| Market Size (2023) | US$ 14.1 Billion |
| Projected Market Value (2033F) | US$ 22.3 Billion |
| Global Market Growth Rate (2023 to 2033) | 4.6% CAGR |
| Nile Tilapia Segment Market Growth Rate (2023 to 2033) | 4% CAGR |
| Key Companies Profiled | Netuno Internacional S/A; Beihai Evergreen Aquatic Product Science & Technology Co. Ltd.; Baiyang Aquatic Group; Mazzetta Company LLC; Hainan Xiangtai Fishery Co. Ltd.; Guangdong Gourmet Aquatic Products Co. Ltd.; Blue Ridge Aquaculture Inc.; Regal Springs Tilapia; Ananda Aqua Exports Private Limited; North Atlantic Fish Co. Inc. |
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What Impact are New Tilapia Companies Having on the Market?
“Start-ups Focusing on New Developments Such as Novel Fish Farming Techniques to Revolutionize the Industry”
Incoming tilapia manufacturers are focusing on creating novel products and opting for innovative fishery services and solutions to boost output, have better supply chain management, and change the pricing trends in the global tilapia market landscape.
- In May 2022, Victory Farms, a new Kenya-based aquaculture organization, announced that it had raised US$ 5 million in an institutional funding round led by Ed Brakeman of Bain Capital and Hans den Beiman, the founder of Mowi. The company is known for its tilapia fish farm establishments that comprise nurseries, hatcheries, and deep-water cages.
- A joint start-up venture between The Volcani Institute and BioMeat called E-FISHient Protein aims to develop, produce, and market cultivated tilapia fish meat by using non-animal ingredients. The company aims to solve the issues of biodiversity loss, over-fishing, and species extinction through its effort to produce cultivated fish meat, which is gaining popularity across the world for the local supply of low-calorie high-protein food.
How is Asia Pacific Altering Global Tilapia Demand Outlook?
“Increasing Establishment of New Tilapia Farms”
The APAC region accounts for nearly 70% of global tilapia production at present and this trend is expected to be rife throughout the forecast period. Growing establishment of new fish farms with high product standards, adoption of advanced aquaculture techniques and technologies, supportive government initiatives to boost domestic tilapia production, minimizing the environmental impact of processes, following safety guidelines, and implementation of regulatory guidelines to promote sustainable tilapia aquaculture are key prospects that are anticipated to boost tilapia demand in APAC through 2033.
The region is also home to China, which is the leading tilapia producer in the world, followed by Egypt. India and Indonesia are also anticipated to witness a notable hike in tilapia production over the coming years owing to supportive initiatives, better quality control, and advancements in fishery services. Fresh tilapia is anticipated to be a popular product in Asia Pacific over the coming years.
Find more regional and global insights about current and forecasted trends in this revised tilapia market research report by Fact.MR, a market research and competitive intelligence provider.
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Country-wise Insights
Why are Tilapia Vendors Swarming the United States?
“Growing Focus on Health and Rising Popularity of Fish as Protein”
In recent years, focus on health and fitness has bolstered in the U.S. owing to the growing prevalence of chronic diseases such as cardiovascular disorders. This increased focus on health has led to changes in the dietary choices of people in the country and subsequently resulted in high demand for different types of fish as a healthier protein alternative to red meat. Moreover, advancements in the fishing industry and the adoption of advanced aquaculture technologies are also projected to boost tilapia fish farming in the country.
Increasing awareness of white fish consumption benefits and the growing popularity of seafood-based cuisine are other prospects that are also expected to bolster the consumption of tilapia fish in the country going forward. Frozen tilapia is expected to be highly popular in the country owing to rising spending on frozen and ready-to-eat foods.
How Will Tilapia Demand Fare in Japan & Korea?
“Changing Dietary Choices to Augment Tilapia Consumption Trends”
Japanese and Korean diets are heavily influenced by seafood since both of these countries have an abundant supply of seafood due to their geographic location. However, increasing urbanization and the influence of Western culture have resulted in reduced consumption of seafood in the aforementioned countries, which is expected to hurt tilapia sales in Japan and Korea across the forecast period.
Increasing efforts to promote seafood consumption and the growing popularity of benefits associated with white fish consumption are expected to create opportunities for tilapia manufacturers in Japan and Korea over the next ten years through 2033.
Is Investing in European Countries a Smart Move for Tilapia Suppliers?
“Increasing Penetration of Chinese Cuisine and Growing Demand for Healthy Fish”
Growing prevalence of chronic diseases and lifestyle disorders has promoted the demand for healthy food alternatives in several European countries in recent years. Consumers in Europe are opting for healthy fish meat to safeguard them from the adverse effects of red meat and poultry meat consumption. High incidence of cardiovascular disorders, changing dietary preferences, increasing popularity of Chinese cuisine, growing availability of fresh tilapia fish, and increasing spending on seafood are other factors that are projected to govern shipments of tilapia in the European region across the forecast period.
Germany, France, the United Kingdom, and Spain are anticipated to be some of the lucrative markets for tilapia manufacturers and vendors in this region over the next ten years. Nile tilapia is anticipated to be the most popular species of tilapia fish in Europe throughout the forecast period. Organic tilapia, parmesan-crusted frozen tilapia, and frozen breaded tilapia are other tilapia fish products that are slated to witness a hike in demand through 2033.
Category-wise Insights
Which Species of Tilapia Will Be Popular Going Forward?
“Nile Tilapia to Account for High Demand in Future”
Based on species, the market for tilapia is segmented into Nile tilapia, Blue tilapia, Mozambique tilapia, and Wami tilapia.
At present, Nile tilapia is the most widely consumed species of tilapia across the world. This species is primarily found in the Latin American, African, and Middle Eastern parts of the world. Nile tilapia is preferred by a large number of people owing to its high advantages for farming from technique as well as ecological standpoints. In ponds, Nile tilapia is capable of feeding on Phyto-plankton and requires very less maintenance, which makes it a perfect low-cost aquaculture alternative for farmers around the world. Demand for Nile tilapia fish is anticipated to evolve at 4% CAGR over the next ten years.
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Competitive landscape highlights only certain players
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Competitive Landscape
Key tilapia suppliers are focusing on expanding their business potential by acquiring new capital and launching new initiatives to meet the increasing demand for tilapia fish.
- In October 2022, Tilabras, a Brazilian tilapia fish producer announced that it had secured US$ 9.7 million from Ocean 14 Capital, a London-based private equity impact investment fund. The investment was made on the grounds of sustainability and environment conservation as Ocean 14 looks to expand its portfolio in the same direction and Tilabras practices sustainable aquaculture.
- In December 2022, FAI Farms, a multi-disciplinary team of farmers and scientists working on improving food security and maintaining sustainability announced the launch of its new free-to-use tilapia welfare application. The application was developed by FAI while working with farmers and scientists from China, Brazil, and Thailand. The app uses scientifically validated welfare indicators for nutrition, behavior, and fish health.
Key Segments Covered in Tilapia Industry Research
-
By Form :
- Dried Tilapia Fillets
- Fresh or Chilled Tilapia Fillets
- Frozen Tilapia Fillets
- Frozen Whole Tilapia
-
By Species :
- Nile Tilapia
- Blue Tilapia
- Mozambique Tilapia
- Wami Tilapia
-
By Catch :
- Wild Catch
- Aquaculture
-
By Sales Channel :
- Direct Sales
- Retail Sales
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Other Retail Stores
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Global Market Overview
- 3. Market Dynamics
- 4. Global Market Analysis
- 4.1. Global Market Analysis by Species Type
- 4.1.1. Nile Tilapia
- 4.1.2. Blue Tilapia
- 4.1.3. Mozambique Tilapia
- 4.1.4. Wami Tilapia
- 4.2. Global Market Analysis by Catch Type
- 4.2.1. Wild Catch
- 4.2.2. Aquaculture
- 4.3. Global Market Analysis by Sales Channel
- 4.3.1. Direct Sales
- 4.3.2. Retail Sales
- 4.3.3. Modern Trade
- 4.3.4. Convenience Stores
- 4.3.5. Specialty Food Stores
- 4.3.6. Wholesale Stores
- 4.3.7. Discount Stores
- 4.3.8. Online Retail
- 4.3.9. Other Retail Stores
- 4.1. Global Market Analysis by Species Type
- 5. North America Market Analysis
- 6. Latin America Market Analysis
- 7. Europe Market Analysis
- 8. Japan Market Analysis
- 9. APEJ Market Analysis
- 10. MEA Market Analysis
- 11. Competitive Assessment
- 12. Company Profiles
- 12.1. Baiyang Aquatic Group
- 12.2. Blue Ridge Aquaculture, Inc.
- 12.3. Global Fish
- 12.4. Guangdong Guomei Aquatic Products Co.
- 12.5. Hainan Sky-Blue Ocean Foods Co.
- 12.6. Hainan Xiangtai Fishery Co.
- 12.7. Hanjiang Evergreen Aquatic Product Science and Technology Co Ltd.
- 12.8. Hebei Zhongjie Breeding Co. Ltd.
- 12.9. Mazzetta Company, LLC.
- 12.10. Northern Inc.
- 12.11. Sunshine Corp.
- 12.12. Til-Aqua International
- 12.13. Tongwei Co.
- 12.14. Other Key Farming Companies
- 13. Disclaimer and Contact Information
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List Of Table
Table 1: Global Market Volume and Forecast (Tonnes), by Species Type,2023 to 2033
Table 2: Global Market Value and Forecast (US$ Mn), by Species Type,2023 to 2033
Table 3: Global Market Volume and Forecast (Tonnes), by Catch Type,2023 to 2033
Table 4: Global Market Value and Forecast (US$ Mn), by Catch Type, 2018 to 2022
Table 5: Global Market Volume and Forecast (Tonnes), by Retail Delivery Form,2023 to 2033
Table 6: Global Market Value and Forecast (US$ Mn), by Retail Delivery Form,2023 to 2033
Table 7: Canada Market Value (US$ Mn) and Volume Forecast (Tonne),2023 to 2033
Table 8: North America Market Volume and Forecast (Tonnes), by Species Type, 2018 to 2022
Table 9: North America Market Value and Forecast (US$ Mn), by Species Type,2023 to 2033
Table 10: North America Market Volume and Forecast (Tonnes), by Catch Type,2023 to 2033
Table 11: North America Market Value and Forecast (US$ Mn), by Catch Type,2023 to 2033
Table 12: North America Market Volume and Forecast (Tonnes), by Retail Delivery Form,2023 to 2033
Table 13: North America Market Value and Forecast (US$ Mn), by Retail Delivery Form,2023 to 2033
Table 14: Latin America Market Value and Forecast (US$ Mn), by Country,2023 to 2033
Table 15: Latin America Market Volume and Forecast (Tonnes), by Species Type,2023 to 2033
Table 16: Latin America Market Value and Forecast (US$ Mn), by Species Type,2023 to 2033
Table 17: Latin America Market Volume and Forecast (Tonnes), by Catch Type,2023 to 2033
Table 18: Latin America Market Value and Forecast (US$ Mn), by Catch Type,2023 to 2033
Table 19: Latin America Market Volume and Forecast (Tonnes), by Retail Delivery Form,2023 to 2033
Table 20: Latin America Market Value and Forecast (US$ Mn), by Retail Delivery Form,2023 to 2033
Table 21: Europe Market Value and Forecast (US$ Mn), by Country,2023 to 2033
Table 22: Europe Market Volume and Forecast (Tonnes), by Species Type,2023 to 2033
Table 23: Europe Market Value and Forecast (US$ Mn), by Species Type,2023 to 2033
Table 24: Europe Market Volume and Forecast (Tonnes), by Catch Type,2023 to 2033
Table 25: Europe Market Value and Forecast (US$ Mn), by Catch Type,2023 to 2033
Table 26: Europe Market Volume and Forecast (Tonnes), by Retail Delivery Form,2023 to 2033
Table 27: Europe Market Value and Forecast (US$ Mn), by Retail Delivery Form,2023 to 2033
Table 28: Japan Market Value and Forecast (US$ Mn), by Country,2023 to 2033
Table 29: Japan Market Volume and Forecast (Tonnes), by Species Type,2023 to 2033
Table 30: Japan Market Value and Forecast (US$ Mn), by Species Type,2023 to 2033
Table 31: Japan Market Volume and Forecast (Tonnes), by Catch Type,2023 to 2033
Table 32: Japan Market Value and Forecast (US$ Mn), by Catch Type,2023 to 2033
Table 33: Japan Market Volume and Forecast (Tonnes), by Retail Delivery Form,2023 to 2033
Table 34: Japan Market Value and Forecast (US$ Mn), by Retail Delivery Form,2023 to 2033
Table 35: APEJ Market Value and Forecast (US$ Mn), by Country,2023 to 2033
Table 36: APEJ Market Volume and Forecast (Tonnes), by Species Type,2023 to 2033
Table 37: APEJ Market Value and Forecast (US$ Mn), by Species Type,2023 to 2033
Table 38: APEJ Market Volume and Forecast (Tonnes), by Catch Type,2023 to 2033
Table 39: APEJ Market Value and Forecast (US$ Mn), by Catch Type,2023 to 2033
Table 40: APEJ Market Volume and Forecast (Tonnes), by Retail Delivery Form,2023 to 2033
Table 41: APEJ Market Value and Forecast (US$ Mn), by Retail Delivery Form,2023 to 2033
Table 42: MEA Market Value and Forecast (US$ Mn), by Country,2023 to 2033
Table 43: MEA Market Volume and Forecast (Tonnes), by Species Type,2023 to 2033
Table 44: MEA Market Value and Forecast (US$ Mn), by Species Type,2023 to 2033
Table 45: MEA Market Volume and Forecast (Tonnes), by Catch Type,2023 to 2033
Table 46: MEA Market Value and Forecast (US$ Mn), by Catch Type,2023 to 2033
Table 47: MEA Market Volume and Forecast (Tonnes), by Retail Delivery Form,2023 to 2033
Table 48: MEA Market Value and Forecast (US$ Mn), by Retail Delivery Form,2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 2: Global Market Volume (Tonnes) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 3: Global Market Volume Growth, Value Growth and Price Forecast, 2016 to 2033
Figure 4: Global Market Volume Share and Forecast, 2018 to 2022
Figure 5: Global Market Volume Share and Forecast by Species Type, 2023 to 2033
Figure 6: Global Market Value Forecast and CAGR by Species Type, 2016 to 2033
Figure 7: Global Market Value Growth by Species Type,2016 to 2033
Figure 8: Global Market Attractiveness Analysis, by Species Type,2016 to 2033
Figure 9: Global Market Volume Share and Forecast by Catch Type, 2023 to 2033
Figure 10: Global Market Value Forecast and CAGR by Catch Type, 2016 to 2033
Figure 11: Global Market Value Growth by Catch Type,2016 to 2033
Figure 12: Global Market Attractiveness Analysis, by Catch Type, 2013 to 2022
Figure 13: Global Market Volume Share and Forecast by Retail Delivery Form, 2023 to 2033
Figure 14: Global Market Value Forecast and CAGR by Retail Delivery Form, 2016 to 2033
Figure 15: Global Market Value Growth by Retail Delivery Form,2016 to 2033
Figure 16: Global Market Attractiveness Analysis, by Retail Delivery Form,2016 to 2033
Figure 17: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 18: North America Market Volume (Tonnes) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 19: North America Price Trend and Forecast, 2016 to 2033(US$ Per Tonne)
Figure 20 US Market Value (US$ Mn) and Volume Forecast (Tonne), 2018 to 2022
Figure 21: North America Market Volume Share and Forecast by Species Type, 2023 to 2033
Figure 22: North America Market Value Forecast and CAGR by Species Type, 2016 to 2033
Figure 23: North America Market Value Growth by Species Type,2016 to 203353
Figure 24: North America Market Volume Share and Forecast by Catch Type, 2023 to 2033
Figure 25: North America Market Value Forecast and CAGR by Catch Type, 2016 to 2033
Figure 26: North America Market Value Growth by Catch Type,2016 to 2033
Figure 27: North America Market Volume Share and Forecast by Retail Delivery Form, 2023 to 2033
Figure 28: North America Market Value Forecast and CAGR by Retail Delivery Form, 2016 to 2033
Figure 29: North America Market Value Growth by Retail Delivery Form,2016 to 2033
Figure 30: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 31: Latin America Market Volume (Tonnes) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 32: Latin America Price Trend and Forecast, 2016 to 2033(US$ Per Tonne)
Figure 33: Latin America Market Volume and Forecast (Tonne), by Country 2018 to 2022
Figure 34: Latin America Market Volume Share and Forecast by Species Type, 2023 to 2033
Figure 35: Latin America Market Value Forecast and CAGR by Species Type, 2016 to 2033
Figure 36: Latin America Market Value Growth by Species Type,2016 to 2033
Figure 37: Latin America Market Volume Share and Forecast by Catch Type, 2023 to 2033
Figure 38: Latin America Market Value Forecast and CAGR by Catch Type, 2016 to 2033
Figure 39: Latin America Market Value Growth by Catch Type,2016 to 2033
Figure 40: Latin America Market Volume Share and Forecast by Retail Delivery Form, 2023 to 2033
Figure 41: North America Market Value Forecast and CAGR by Retail Delivery Form, 2016 to 2033
Figure 42: Latin America Market Value Growth by Retail Delivery Form,2016 to 2033
Figure 43: Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 44: Europe Market Volume (Tonnes) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 45: Europe Price Trend and Forecast, 2016 to 2033(US$ Per Tonne)
Figure 46: Europe Market Volume and Forecast (Tonne), by Country 2018 to 2022
Figure 47: Europe Market Volume Share and Forecast by Species Type, 2023 to 2033
Figure 48: Europe Market Value Forecast and CAGR by Species Type, 2016 to 2033
Figure 49: Europe Market Value Growth by Species Type,2016 to 2033
Figure 50: Europe Market Volume Share and Forecast by Catch Type, 2023 to 2033
Figure 51: Europe Market Value Forecast and CAGR by Catch Type, 2016 to 2033
Figure 52: Europe Market Value Growth by Catch Type,2016 to 2033
Figure 53: Europe Market Volume Share and Forecast by Retail Delivery Form, 2023 to 2033
Figure 54: North America Market Value Forecast and CAGR by Retail Delivery Form, 2016 to 2033
Figure 55: Europe Market Value Growth by Retail Delivery Form,2016 to 2033
Figure 56: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 57: Japan Market Volume (Tonnes) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 58: Japan Price Trend and Forecast, 2016 to 2033(US$ Per Tonne)
Figure 59: Japan Market Volume and Forecast (Tonne), by Country 2018 to 2022
Figure 60: Japan Market Volume Share and Forecast by Species Type, 2023 to 2033
Figure 61: Japan Market Value Forecast and CAGR by Species Type, 2016 to 2033
Figure 62: Japan Market Value Growth by Species Type,2016 to 2033
Figure 63: Japan Market Volume Share and Forecast by Catch Type, 2023 to 2033
Figure 64: Japan Market Value Forecast and CAGR by Catch Type, 2016 to 2033
Figure 65: Japan Market Value Growth by Catch Type,2016 to 2033
Figure 66: Japan Market Volume Share and Forecast by Retail Delivery Form, 2023 to 2033
Figure 67: North America Market Value Forecast and CAGR by Retail Delivery Form, 2016 to 2033
Figure 68: Japan Market Value Growth by Retail Delivery Form,2016 to 2033
Figure 69: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 70: APEJ Market Volume (Tonnes) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 71: APEJ Price Trend and Forecast, 2016 to 2033(US$ Per Tonne)
Figure 72: APEJ Market Volume and Forecast (Tonne), by Country 2018 to 2022
Figure 73: APEJ Market Volume Share and Forecast by Species Type, 2023 to 2033
Figure 74: APEJ Market Value Forecast and CAGR by Species Type, 2016 to 2033
Figure 75: APEJ Market Value Growth by Species Type,2016 to 2033
Figure 76: APEJ Market Volume Share and Forecast by Catch Type, 2023 to 2033
Figure 77: APEJ Market Value Forecast and CAGR by Catch Type, 2016 to 2033
Figure 78: APEJ Market Value Growth by Catch Type,2016 to 2033
Figure 79: APEJ Market Volume Share and Forecast by Retail Delivery Form, 2023 to 2033
Figure 80: North America Market Value Forecast and CAGR by Retail Delivery Form, 2016 to 2033
Figure 81: APEJ Market Value Growth by Retail Delivery Form,2016 to 2033
Figure 82: MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 83: MEA Market Volume (Tonnes) and Y-o-Y Growth Forecast, 2016 to 2033
Figure 84: MEA Price Trend and Forecast, 2016 to 2033(US$ Per Tonne)
Figure 85: MEA Market Volume and Forecast (Tonne), by Country 2018 to 2022
Figure 86: MEA Market Volume Share and Forecast by Species Type, 2023 to 2033
Figure 87: MEA Market Value Forecast and CAGR by Species Type, 2016 to 2033
Figure 88: MEA Market Value Growth by Species Type,2016 to 2033
Figure 89: MEA Market Volume Share and Forecast by Catch Type, 2023 to 2033
Figure 90: MEA Market Value Forecast and CAGR by Catch Type, 2016 to 2033
Figure 91: MEA Market Value Growth by Catch Type,2016 to 2033
Figure 92: MEA Market Volume Share and Forecast by Retail Delivery Form, 2023 to 2033
Figure 93: North America Market Value Forecast and CAGR by Retail Delivery Form, 2016 to 2033
Figure 94: MEA Market Value Growth by Retail Delivery Form,2016 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current size of the tilapia market?
The global tilapia market stands at a US$ 14.1 billion valuation in 2023.
How big will the market be in the future?
Consumption of tilapia is slated to reach a market revenue of US$ 22.3 billion by 2033-end.
At what pace will tilapia demand rise going forward?
Shipments of tilapia are estimated to rise at 4.6% CAGR from 2023 to 2033.
Which are the key regions in the global tilapia market?
Asia Pacific, Latin America, and North America are key markets for tilapia.
What are the key factors driving the tilapia market?
Increasing health consciousness and growing demand for fish protein are prime factors propelling market growth.
Which are the top companies operating in the tilapia market?
Baiyang Aquatic Group, Regal Springs Tilapia, Mazzetta Company LLC., and North Atlantic Fish Co. Inc. are key suppliers of tilapia.
Tilapia Market