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How Tilapia Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle
Tilapia Market Latest Edition Published with Forecast to 2030- Apr 1, 2024
- Food Products
According to Food and Drug Administration (FDA), imports in United States accounts for 91% of all seafood sold. Also, aquaculture accounts for 50% of those sea food imports. In recent years the consumption of sea food is not increased. However, the consumers prefer mostly farm raised species, with farm raised shrimp, salmon and tilapia accounting for more than half of all seafood consumed in the United States.
The article cited AMA's "Global Tilapia Market Study" explored CAGR of 3.4%. According to the report, Inclination of Consumers towards the Protein Rich Food is one of the primary growth factors for the market. Rising Demand from Athletes and Bodybuilders is also expected to contribute significantly to the Tilapia market. Overall, applications of Tilapia, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Production, such as Farmed, is boosting the Tilapia market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Tilapia market identified that the demand is rising in many different parts of the world as "Rising Popularity of Sea Food among the Consumers ". Furthermore, some recent industry insights like "In February 2024, GenoMar introduced a premium tilapia line in Brazil. The GenoMar Genetics group provides tilapia genetics through AquaAmerica, Aquabel, and Genomar. The range was previously accessible in Asia but may now be supplied in Brazil due to the establishment of an innovative breeding facility in Tocantins." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Tilapia market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Tilapia market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Tilapia market size is calculated using market estimation process, the Tilapia market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Tilapia market size has been validated using both top-down and bottom-up approaches.
The article cited AMA's "Global Tilapia Market Study" explored CAGR of 3.4%. According to the report, Inclination of Consumers towards the Protein Rich Food is one of the primary growth factors for the market. Rising Demand from Athletes and Bodybuilders is also expected to contribute significantly to the Tilapia market. Overall,
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Tilapia market identified that the demand is rising in many different parts of the world as "Rising Popularity of Sea Food among the Consumers ". Furthermore, some recent industry insights like "In February 2024, GenoMar introduced a premium tilapia line in Brazil. The GenoMar Genetics group provides tilapia genetics through AquaAmerica, Aquabel, and Genomar. The range was previously accessible in Asia but may now be supplied in Brazil due to the establishment of an innovative breeding facility in Tocantins." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Tilapia market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Tilapia market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Tilapia market size is calculated using market estimation process, the Tilapia market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Tilapia market size has been validated using both top-down and bottom-up approaches.
Craig Francis
PR & Marketing Manager