Tilapia Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Key Findings

Chinese Tilapia Industry Witnesses Stagnancy in Exports amid Increasing Preference for Pangasius

The U.S. remains one of the largest importers of Chinese tilapia. However, according to FAO, in the first two quarters of 2017, global tilapia trade witnessed a decline of 6%, attributed to weakening consumer demand, increasing participation of other countries in the global tilapia trade and growing preference for other specialty fishes. A special palate for pangasius has been witnessed among seafood consumers worldwide. Led by Vietnam, nearly half of the global supply of pangasius is held by India, Bangladesh, Indonesia, Malaysia, and China.

The U.S. and China continue to remain largest consumers of pangasius. Following the increasing domestic demand and lower prices of pangasius, Chinese tilapia farmers are adopting farming of other fish varieties including pangasius. These dynamics continue to deter the future growth of the Chinese tilapia exports in prominent tilapia market.

Amidst Stabilizing Demand Trends, Tilapia Lake Virus (TiLV) Continues to Pose Production Challenges

Tilapia Lake Virus (TiLV) is an emerging threat to global tilapia market where established markets show concern towards risks of introduction of infection through imports. In a bid to avoid a considerable production loss due to TiLV infection, aversion for imports from TiLV-prone countries is observed wherein national markets show increased concern for low quality and possible contamination risks. However, imports continue against the backdrop of widening the supply-demand gap, in turn, adding the risks of production loss.

Although, active surveillance work by governments and development partners is underway aquaculture lacks effective vaccines for viral diseases including TiLV. Owing to this, TiLV continues to remain a challenge for tilapia producing countries.

Tier 3 Companies Continue to Account for Over Half the Tilapia Market Share

As one of the most popular farmed fish, a bulk of tilapia consumption, mostly fresh tilapia is met by domestic production. Especially in the Asian seafood industry, supply chain starts from small fish farmers to big city vendors. China, the world’s largest producer of tilapia also exports only about 10% of its total tilapia production. Following this, the tilapia marketplace continues to remain consolidated among Tier 3 players. In the highly unorganized market, small players continue to leverage opportunities in the domestic tilapia market with their strong local presence and limited regulatory constraints.

Tier 1 and Tier 2 Players Add Diversification to Target High Potential Markets

In 2017, over 95% of the global tilapia production was consumed in the domestic market as cheaper, commoditized tilapia. While a hefty demand of commoditized tilapia is addressed by local players, prominent market players and producers are diversifying their product offerings to target high potential markets in the U.S. and EU28. Eco-labeling, low-antibiotic production processes and convenience packaging are few of the differentiated features added in processed seafood in a bid to establish a clear distinction between commoditized and premium tilapia products.

Addition of diversity in premium tilapia offerings is meant to target expanding of middle-class and health-conscious urban demographic. While the U.S. imports a bulk of Chinese tilapia, an appetite for tilapia remains considerably lower in the EU28 market. Increasing purchase of premium and pre-prepared seafood products in these leading importer destinations is expected to stimulate the sales of premium tilapia products in the U.S. and EU28.

Frozen Tilapia Fillets Remain Highly Sought After with Increasing Demand on Seafood Aisles

The domestic market witnesses dominance of fresh varieties of tilapia whereas exports are majorly inclined towards frozen varieties, as the nature of commodity is perishable. In addition, increasing palate for this fish has made tilapia one of the most popular fishes consumed in restaurants and seafood aisles. Although a lower volume consumption has been observed in the international tilapia market in past years, demand for frozen fillets continues to capture consumer traction owing to increasing pallet for tilapia fillet dishes and lower prices of frozen varieties as compared to fresh tilapia.

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Competitive Landscape

The competitive landscape section of the tilapia market report offers a thorough competitive assessment of the market. Fact.MR provides a comprehensive dashboard view of key market players, company share analysis and thorough company profiles in this section of the tilapia market report. Few of the profiled key market players include Baiyang Aquatic Group, Blue Ridge Aquaculture, Inc., Guangdong Gourmet Aquatic Products Co. Ltd., Ananda Aqua Exports Private Limited, Hainan Xiangtai Fishery Co., Ltd., Beihai Evergreen Aquatic Product Science & Technology Co. Ltd., Regal Springs Tilapia, Mazzetta Company, LLC., North Atlantic Fish Co., Inc. and Netuno Internacional S/A.

Key companies in the tilapia market are engaged in expansion and vertical integration to strengthen market presence and expand their global footprints. For instance, Blue Ridge Aquaculture, Inc., in 2017, opened a new mill – Blue Ridge Aquafeeds with the investment of US$ 5 million. Another prominent player Regal Springs was acquired by Golden Springs Group in 2016. Golden Springs continued the expansion of Regal Springs with its know-how in the life science sector.

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Definition

Tilapia is a common name for all types of cichlid fish species. Majorly tilapia are freshwater fishes and rarely found in brackish water. The worldwide popularity of tilapia dishes has led to the introduction of a variety of tilapia products including fresh and frozen varieties of whole tilapia and tilapia fillet.

About the Report

The tilapia market study carried out by Fact.MR has been compiled in the report titled, “Tilapia Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2028”. The tilapia market report focuses on prominent trends in the production and marketing space of the market that have a significant impact on the supply-demand equation of the tilapia market during the forecast. The tilapia market report covers all the vital facets of the global marketplace and delivers key insights, challenges and growth opportunities in the tilapia market during the forecast period.

Segmentation

To deliver an all-inclusive outlook of the tilapia market, Fact.MR has divided the report into four segments such as species type, form type, catch type and regions. In the species type segment, the tilapia market has sub-segments namely Nile tilapia, Blue tilapia, Mozambique tilapia and Wami tilapia. Different form of tilapia available in the market are fresh whole tilapia, frozen while tilapia, fresh tilapia fillet and frozen tilapia fillet. Based on catch type, tilapia market is subcategorized into wild catch tilapia and aquaculture tilapia.

Additional Questions Answered

The tilapia market report covers all important aspects of the market that hold significant influence on the futuristic growth of the global tilapia market. In addition to the aforementioned insights, the tilapia market report also offers other interesting insights the business professionals interested in the tilapia market to make a well-informed business decision. The report answers some of the most bemusing questions of the tilapia marketplace, such as –

Which are the emerging tilapia producers in the Asia Pacific region?
What are the key business strategies adopted by stakeholders in the tilapia market to address global trade dynamics?
How does the global seafood demand affect the growth of the tilapia market during the period of forecast?

Research Methodology

A robust research methodology followed during the course of the market study is discussed in this section of the tilapia market report. A holistic approach used to assess market performance for the historical period 2013-2017 and to derive market outlook for the forecast period 2018-2028.

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Report Description

The “Tilapia Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2028” is a thorough research report compiled by Fact.MR which delivers the vital market insights of the tilapia market. Multiple trends are likely to influence the supply-demand scenario of the tilapia market during the period of forecast. Key market trends are covered in the report that hold a significant impact on the future growth prospects of the tilapia market.

An exhaustive market intelligence covering drivers, restraints, and opportunities in the tilapia market are delivered in tilapia market report. To deliver an overall outlook of the tilapia market through 2028, the tilapia market report is divided into sophisticated segments that enable the readers to fathom the overall growth prospects of the tilapia market. A brief introduction of all the chapters is discussed below.

Chapter 1 – Executive Summary

The report begins with the executive summary which includes a quick yet affluent information of the tilapia market. Inclusion of highlighted values of CAGR and market sizes enables the readers to fathom an all-inclusive outlook of the tilapia market.

Chapter 2 – Market Overview

In the chapter of market overview, a definition of the tilapia market, market taxonomy, an introduction of the tilapia market and scope of the report are covered.

Chapter 3 – Market Dynamics

In this chapter of the market dynamics, the report focuses on macroeconomic factors that impact the tilapia market growth. Also, the chapter provides a thorough assessment of the drivers, restraints, opportunities and trends prevailing in the global tilapia market.

Chapter 4 – Global Tilapia Market Analysis

This chapter provides the tilapia market analysis scenario where in-depth market assessment such as value chain analysis, market size in terms of value and absolute dollar opportunity is covered.

Chapter 5 - North America Tilapia Market Analysis

In this chapter, tilapia market analysis for North America region is delivered wherein in detailed market assessment in terms of market value, price point assessment and country-wise demand are included.

Chapter 6 - Latin America Tilapia Market Analysis

This chapter delivers an in-depth analysis of the Latin America Tilapia market. The market assessment in terms of value and volume forecast, price point analysis, impact assessment of market forces and country-wise demand assessment is included.

Chapter 7 - Europe Tilapia Market Analysis

In this chapter, the tilapia market analysis for the Europe market is delivered. Value and volume projections for individual market segments, price point analysis and country-wise demand assessment are included in this chapter.

Chapter 8 - Japan Tilapia Market Analysis

In this chapter, the tilapia market analysis for Japan backed by prevailing market trends in the country is provided.

Chapter 9 - APEJ Tilapia Market Analysis

The tilapia market forecast for the APEJ region is covered in this chapter where the assessment includes value and volume projections, country-wise analysis and demand assessment in key countries of the Asia Pacific excluding Japan region.

Chapter 10 - MEA Tilapia Market Outlook

This chapter includes tilapia market analysis for Middle East and Africa (MEA) during the forecast period. The MEA tilapia market outlook includes all the vital aspects including value and volume projections and country-wide demand assessment.

Chapter 11 - Competitive Assessment

This chapter delivers a dashboard view of the market players in the tilapia market. In addition, tilapia market structure and company share analysis of top 10 players are also covered.

Chapter 12 – Company Profiles

The chapter included in detailed analysis of the product offerings, key financials, company market size and their global presence is covered.

Chapter 1 Executive Summary

Chapter 2 Global Tilapia Market Overview
2.1 Introduction
2.2 Market Definition
2.3 Scope of the report

Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.1.1 Better fillet yield from selective breeding programs
3.1.2 Added Production - Polyculture with shrimp and other fish
3.1.3 New farms in key producing countries - Amplifying Tilapia supply
3.1.4 Stable Tilapia supplies in the US - A Positive Market Environment
3.1.5 Asian markets absorbing much of domestic production
3.1.6 Clear distinction of Tilapia species in new markets
3.1.7 Iran - a new fairway destination for Tilapia traders
3.1.8 Tilapia - Find retail shelf space in potential markets
3.1.9 Tilapia - Surpassing customer preference among other farmed fishes
3.1.10 Better fillet yield from selective breeding programs
3.2 Industry Challenges
3.2.1 Import oriented markets
3.2.2 Monopolistic Supply from Asian Countries
3.3. Tilapia Production - Demand - Supply Analysis
3.3.1. Tilapia Production in Key Countries
3.3.1.1 Share of Wild Catch Tilapia Production
3.3.1.2. Share of Farmed Tilapia Production
3.4. Countries with Rapid Growth in Tilapia Production and Details of Tilapia Farmers
3.4.1. Vietnam - Converting catfish cages to tilapia
3.4.2. Indonesia - Pervelence of cage culture, rice culture and polyculture
3.4.3. Malaysia - governmental focus by sensitizing private sector
3.4.4. Brazil - ideal infrastructure naturally available
3.4.5. Egypt - Continued Intesification
3.4.6. Sub-Saharan Africa - Commercialization on the way
3.5. Tilapia Trade (Import - Export) by Key Countries / Regions (Detailed assessment of world Tilapia production with focus on China, Eqgypt, Phillipines, Mexico, Thailand, Indonesia, Indonesia, US, Honduras, Cuba, Colombia, Brazil, Costa Rica, etc.)
3.6. Country wise Tilapia consumption from Domestic and Import Sources
3.7. Chllenges with Tilapia Farming and Relevence of Impact
3.7.1. Antibiotic use and Tilapia Production Corelation
3.7.2. Sea Lice and Tilapia Corelation Production Corelation
3.7.3. Pesticide Use and Tilapia Breed Health
3.7.4. Other Prevalent Disease with Tilapia
3.8. Per Capita Tilapia Consumption and Benchmark with other Seafood in Key Countries
3.9. Value Chain Analysis and Operating Margins
3.10. Investment Feasibility Matrix
3.11. Five Forces Analysis
3.12. PESTEL Analysis

Chapter 4 Global Tilapia Market Analysis
4.1 Global Tilapia Market Outlook
4.1.1 Market Value, Volume Forecast and Analysis
4.1.2 Price Index and Price Point Assessment
4.1.3 Regional Demand Assessment
4.1.3.1 Market Volume Share by Region
4.2 Global Tilapia Market Analysis by Species Type
4.2.1 Value, Volume and Forecast by Species Type
4.2.2 Y-o-Y Growth Comparison by Species Type
4.2.3 Market Attractiveness Analysis by Species Type
4.3 Global Tilapia Market Analysis by Catch Type
4.3.1 Value, Volume and Forecast by Catch Type
4.3.2 Y-o-Y Growth Comparison by Catch Type
4.3.3 Market Attractiveness Analysis by Catch Type
4.4 Global Tilapia Market Analysis by Retail Delivery Form
4.4.1 Value, Volume and Forecast by Retial Delivery form
4.4.2 Y-o-Y Growth Comparison by Retail Delivery Form
4.4.3 Market Attractiveness Analysis by Delivery Form

Chapter 5 North America Tilapia Market Analysis
5.1 North America Tilapia Market Outlook
5.1.1 Market Value, Volume Forecast and Analysis
5.1.2 Price Index and Price Point Assessment
5.1.3 Impact Assessment of Market Forces
5.1.4 Country Wise Demand Assessment
5.1.4.1 Market Volume Share by Region
5.2 North America Tilapia Market Analysis by Species Type
5.2.1 Value, Volume and Forecast by Species Type
5.2.2 Y-o-Y Growth Comparison by Species Type
5.3 North America Tilapia Market Analysis by Catch Type
5.3.1 Value, Volume and Forecast by Catch Type
5.3.2 Y-o-Y Growth Comparison by Catch Type
5.4 North America Tilapia Market Analysis by Retail Delivery Form
5.4.1 Value, Volume and Forecast by Retail Delivery Form
5.4.2 Y-o-Y Growth Comparison by Retail Delivery Form

Chapter 6 Latin America Tilapia Market Analysis
6.1 Latin America Tilapia Market Outlook
6.1.1 Market Value, Volume Forecast and Analysis
6.1.2 Price Index and Price Point Assessment
6.1.3 Impact Assessment of Market Forces
6.1.4 Country Wise Demand Assessment
6.1.4.1 Market Volume Share by Region
6.2 Latin America Tilapia Market Analysis by Species Type
6.2.1 Value, Volume and Forecast by Species Type
6.2.2 Y-o-Y Growth Comparison by Species Type
6.3 Latin America Tilapia Market Analysis by Catch Type
6.3.1 Value, Volume and Forecast by Catch Type
6.3.2 Y-o-Y Growth Comparison by Catch Type
6.4 Latin America Tilapia Market Analysis by Retail Delivery Form
6.4.1 Value, Volume and Forecast by Retail Delivery Form
6.4.2 Y-o-Y Growth Comparison by Retail Delivery Form

Chapter 7 Europe Tilapia Market Analysis
7.1 Europe Tilapia Market Outlook
7.1.1 Market Value, Volume Forecast and Analysis
7.1.2 Price Index and Price Point Assessment
7.1.3 Impact Assessment of Market Forces
7.1.4 Country Wise Demand Assessment
7.1.4.1 Market Volume Share by Region
7.2 Europe Tilapia Market Analysis by Species Type
7.2.1 Value, Volume and Forecast by Species Type
7.2.2 Y-o-Y Growth Comparison by Species Type
7.3 Europe Tilapia Market Analysis by Catch Type
7.3.1 Value, Volume and Forecast by Catch Type
7.3.2 Y-o-Y Growth Comparison by Catch Type
7.4 Europe Tilapia Market Analysis by Retail Delivery Form
7.4.1 Value, Volume and Forecast by Retail Delivery Form
7.4.2 Y-o-Y Growth Comparison by Retail Delivery Form

Chapter 8 Japan Tilapia Market Analysis
8.1 Japan Tilapia Market Outlook
8.1.1 Market Value, Volume Forecast and Analysis
8.1.2 Price Index and Price Point Assessment
8.1.3 Impact Assessment of Market Forces
8.1.4 Country Wise Demand Assessment
8.1.4.1 Market Volume Share by Region
8.2 Japan Tilapia Market Analysis by Species Type
8.2.1 Value, Volume and Forecast by Species Type
8.2.2 Y-o-Y Growth Comparison by Species Type
8.3 Japan Tilapia Market Analysis by Catch Type
8.3.1 Value, Volume and Forecast by Catch Type
8.3.2 Y-o-Y Growth Comparison by Catch Type
8.4 Japan Tilapia Market Analysis by Retail Delivery Form
8.4.1 Value, Volume and Forecast by Retail Delivery Form
8.4.2 Y-o-Y Growth Comparison by Retail Delivery Form

Chapter 9 APEJ Tilapia Market Analysis
9.1 APEJ Tilapia Market Outlook
9.1.1 Market Value, Volume Forecast and Analysis
9.1.2 Price Index and Price Point Assessment
9.1.3 Impact Assessment of Market Forces
9.1.4 Country Wise Demand Assessment
9.1.4.1 Market Volume Share by Region
9.2 APEJ Tilapia Market Analysis by Species Type
9.2.1 Value, Volume and Forecast by Species Type
9.2.2 Y-o-Y Growth Comparison by Species Type
9.3 APEJ Tilapia Market Analysis by Catch Type
9.3.1 Value, Volume and Forecast by Catch Type
9.3.2 Y-o-Y Growth Comparison by Catch Type
9.4 APEJ Tilapia Market Analysis by Retail Delivery Form
9.4.1 Value, Volume and Forecast by Retail Delivery Form
9.4.2 Y-o-Y Growth Comparison by Retail Delivery Form

Chapter 10 MEA Tilapia Market Analysis
10.1 MEA Tilapia Market Outlook
10.1.1 Market Value, Volume Forecast and Analysis
10.1.2 Price Index and Price Point Assessment
10.1.3 Impact Assessment of Market Forces
10.1.4 Country Wise Demand Assessment
10.1.4.1 Market Volume Share by Region
10.2 MEA Tilapia Market Analysis by Species Type
10.2.1 Value, Volume and Forecast by Species Type
10.2.2 Y-o-Y Growth Comparison by Species Type
10.3 MEA Tilapia Market Analysis by Catch Type
10.3.1 Value, Volume and Forecast by Catch Type
10.3.2 Y-o-Y Growth Comparison by Catch Type
10.4 MEA Tilapia Market Analysis by Retail Delivery Form
10.4.1 Value, Volume and Forecast by Retail Delivery Form
10.4.2 Y-o-Y Growth Comparison by Retail Delivery Form

Chapter 11 Competitive Assessment
11.1 Global Tilapia Market Competition - a Dashboard View
11.2 Global Tilapia Market Structure
11.3 Global target market Company Share Analysis
11.3.1 For Tier 1 Market Players, 2017
11.3.2 Company Market Share Analysis of Top 10 Players, By Region

Chapter 12 Company Profiles
12.1 Baiyang Aquatic Group