Growing Demand For Fish-Based Protein Is Increasing The Market Value For Tilapia Across The World: Fact.MR

iCrowd Newswire
25 Nov 2021, 15:33 GMT+10

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Dried Tilapia Fillets. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Dried Tilapia Fillets Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Dried Tilapia Fillets market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Dried Tilapia Fillets

This newly published and insightful report sheds light on Market Insights of Dried Tilapia Fillets, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Dried Tilapia Fillets Market.

The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales in the tilapia market across the globe.

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A comprehensive estimate on the tilapia market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

Which are the most lucrative markets for tilapia?

Which factors will impact the growth of the tilapia market?

How will changing trends impact the strategy of market players?

How can market players capture the low-hanging opportunities across regions?

Which companies are leading the tilapia market?

What are the winning strategies of stakeholders in the tilapia market?

Inspected Assessment on Regional Segments

Key sections have been elaborated in the tilapia market report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on demand for tilapia has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Tilapia Market Segmentation by Category

Form
- Dried Tilapia Fillets
- Fresh or Chilled Tilapia Fillets
- Frozen Tilapia Fillets
- Frozen Whole Tilapia

Species
- Nile Tilapia
- Blue Tilapia
- Mozambique Tilapia
- Wami Tilapia

Catch
- Wild Catch
- Aqua Culture

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

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How is Rising Demand for Fish-based Protein Propelling Growth?

Growing demand for fish-based protein is increasing the market value for tilapia across the world. According to the Food and Agriculture Organization (FAO) of the United Nations, global fish production is estimated to have reached around 179 million tonnes in 2018, with 156 million tonnes ending up in the plates of people.

As per its report, there has been a 122% rise in total fish food consumption from 1990 to 2018, globally. With this rate expected to rise further, tilapia suppliers are anticipated to earn even higher revenues over the coming years.

Why is Tilapia Lake Virus a Threat to Suppliers?

While demand for fresh water fish such as tilapia is ever-growing, there are a few restraining factors that need the attention of tilapia suppliers. Tilapia fish are often vulnerable to Tilapia Tilapinevirus or Tilapia lake virus, which is a negative strand RNA virus that infects both, the wild and aquacultured population of tilapia.

While no effective and affordable vaccine for this virus is available as yet, there are various precautionary and preventive measures and treatment for the same. For instance, an Emergency Regional Consultation for Prevention and Management of Tilapia Lake Virus in the Asia Pacific region has been undertaken in order to prevent the spread of such virus in tilapia. The World Fish Center Organization has also taken an initiative to spread awareness among tilapia suppliers regarding this virus.

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