The global tilapia fish market is highly competitive owing to many players such as Seatrade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, and Sea Delights.
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Global Tilapia Market is expected to reach US$ 9.2 Billion by 2027, from US$ 7.9 Billion in 2020
Tilapia Industry globally is expected to grow with a CAGR of 2.20% from 2020 to 2027.
Tilapia is a genus of Cichlidae family and is mainly freshwater fish that resides in shallow streams, ponds, rivers and lakes. Globally, Tilapia is one of the numerous consumed farmed fishes.
Historically, this versatile fish was of prominent influence in mainly African and Middle Eastern provinces. But now, it is absorbed globally and gaining popularity in Asian and American countries. It is reasonable and mild in taste, making it a suitable replacement for costly options like salmon.