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Tilapia Market - Forecast 2021

There is a growing awareness of aquaculture and aquaponics, and the government is launching a number of measures to encourage aquaculture and promote market growth. ....

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Nile Tilapia Consumer Favorite, Frozen Variants Preferred due to Long Shelf Life: New Tilapia Market Study by Fact.MR

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NEW YORK, Jan. 29, 2021 /PRNewswire/ According to a latest study by global research and consulting firm Fact.MR, the tilapia market is expected to generate significant gains in 2021 over 2020, underpinned by heightened reliance on seafood-based protein intake by consumers. Growth for the next decade is likely to remain optimistic, registering a steady CAGR from 2021-2031.
As per Fact.MR s analysis, the scope for tilapia suppliers and manufacturers has aggrandized significantly since the past 5 years. A United Nations report published in 2018 inferred that over 3 billion people rely on fish for a fifth of their total protein intake. Furthermore, the Food and Agricultural Organization estimated global fish production had reached around 179 million tons that same year. Market players are especially hopeful about acquiring massive gains across the Asia-Pacific region, attributed to the region s bountiful offerings of different fish s ....

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