Tilapia Market to Reach USD 23.015 Billion by 2034, Growing at 4.80% CAGR Driven by E-Commerce and Health Trends

0
390

The tilapia market is anticipated to surpass US$ 14,460.02 million in 2024 and is likely to attain a valuation of US$ 23,015.4 million by 2034. The tilapia market size is projected to expand at a CAGR of 4.80% from 2024 to 2034.

The tilapia industry profits from retail’s digital revolution as e-commerce and online platforms rise. Businesses embracing these platforms reach a larger client audience while providing quick access to fish products. This digital transition increases market awareness, develops direct-to-consumer partnerships, and establishes tilapia as an easily available and favored alternative for customers looking for different fish selections in the online marketplace.

Gain Immediate Access to Detailed Market Insights Purchase Now: https://www.futuremarketinsights.com/checkout/13108

The market dominance of tilapia is enhanced by consumers’ growing attention to nutrition and health. Its high protein content, low-calorie profile, and omega-3 fatty acids suit changing dietary preferences. A growing number of health-conscious consumers are looking for lean protein sources, which is good for business. Positioned as a healthy and nutrient-dense alternative, tilapia cleverly fits in with the current wellness craze, making it a popular option for those looking to adopt a more health-conscious diet.

Companies in the tilapia industry are actively expanding the range of products they provide to meet changing customer demands. Apart from the conventional fresh fillets, the focus is on creating processed and value-added tilapia products. This calculated diversification creates new revenue sources in addition to taking advantage of changing culinary trends. Businesses that are flexible enough to launch a variety of tilapia products will be in a better position to gain and hold onto market share as customer demands for convenience and innovation continue to change.

Key Takeaways from the Tilapia Market Growth

  • The global tilapia market size expanded at a 4.42% CAGR from 2019 to 2023.
  • The conventional source segment holds 53.4% of market shares in 2024.
  • The Nile Tilapia (OEROCHROMIS NILOTICUS) segment captured 75.3% of market shares in 2024.
  • The market size in the United States is projected to rise at a 10.91% CAGR through 2034.
  • The market size in Germany is anticipated to develop at an 8.9% CAGR through 2034.
  • The market size in Japan is estimated to surge at a 6.8% CAGR through 2034.
  • The market size in India is expected to increase at a 6.2% CAGR through 2034.

Competitive Landscape

The tilapia market is packed with rivals constantly engaging and competing for market share and advantageous placement. With the help of vertically integrated supply chains and economies of scale, global and regional aquaculture companies like Regal Springs, Blue Ridge Aquaculture, and Nireus Aquaculture dominate the market. These market leaders frequently set the standard for industry trends by ensuring constant product quality via the use of cutting-edge technology and environmentally friendly processes.

“Success in the ever-changing tilapia market depends on creativity, sustainability, and regulatory flexibility. Businesses need to adopt sustainable practices, create ground-breaking goods, and quickly adjust to regulation changes. Personalized methods and cooperative efforts are essential to prosper in this changing environment and satisfy a wide range of customer preferences.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Recent Developments

  • 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.
  • In June 2023, a new tilapia strain was developed in Kenya. Tilapia F8, produced by the Kenya Marine and Fisheries Research Institute (KMFRI) and the Kenya Agriculture Livestock Institute (Kalro), grows rapidly, matures swiftly, and is resistant to fungal and viral infections.

 

Поиск
Категории
Больше
Другое
Increasing Drug Discovery Activities of Cheminformatics Market
The global cheminformatics market is estimated to be valued at US$ 8.85 Bn in 2024 and...
От Sneha CMI 2024-02-02 05:58:13 0 1Кб
Другое
Exploring the Pros and Cons of TVS & Piaggio 3 Wheelers
When it comes to picking a three-wheeler for business or individual use, two prominent choices...
От Deep Sharma 2024-02-28 07:27:59 0 1Кб
Health
Embrace Motherhood with Pregnancy Yoga Online
Pregnancy is a remarkable journey, bringing joy and transformation. Managing physical and...
От Antonia Jones 2024-07-03 15:14:45 0 735
Другое
Online Gambling Market Business Growth, Development Factors, Current and Future Trends till 2030
Market Overview: Polaris Market Research announces the release of its latest research report...
От Sagar Naigaonkar 2024-07-05 07:02:24 0 511
Fitness
Nexagen Testosterone Booster Denmark Hvem kan bruge? Officiel hjemmeside DK
Nexagen Testosterone Booster Danmark er typiske tygge konfekture til mænd, der...
От Nexagen TestosteroneBooster 2024-12-19 18:33:52 0 11