[FURL=https://www.industryarc.com/Research/Tilapia-Market-Research-513805?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Tilapia Market[/FURL] Tilapia Market size is estimated to reach $5,851 million by 2026, growing at a CAGR of 5.7% over 2021-2026. Tilapia is a freshwater fish from the Cichlidae family that may be found in shallow brackish water, ponds, rivers, lakes, and other bodies of water. It is one of the most widely caught and consumed fish species in the world. It has a mild flavor and is high in proteins, iron, vitamin D, selenium, vitamin B, and a number of other minerals. The fast rise of aquaculture has aided the global expansion of the tilapia business. Tilapia is the second most cultivated species after carps, owing to its suitability for fish farming. They are inexpensive and easy to cultivate, even for small farms, because they are omnivorous, hard, and disease resistant. Furthermore, Tilapia demand is driven by people's rising health consciousness and need for a protein-rich diet.Key Takeaways
In 2020, Europe dominated the Tilapia Market.
Steadily increasing aquaculture and disease resistance, as well as the nutritional and health benefits of tilapia fish, along with consumer knowledge, are expected to help in the global expansion of the Tilapia Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Tilapia Market report.
However, one of the key challenges limiting the growth of the Tilapia Market is the danger of illness spreading through imports, as well as the contamination risk and background in import activities, might result in production losses.
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Tilapia Market Segment Analysis – By Geography
Europe dominated the Tilapia Market with a major share of 45.2% in 2020. In the UK, owing to growing worries about obesity, hearing-related disorders, and other issues, this has become another profitable market for tilapia, prompting people to replace meat with healthful fish products. Nearly 7.4 million individuals in the United Kingdom suffer from heart and circulation illness, according to the British Heart Foundation (BHF). Regular intake of red meat and other meat-related items, according to the World Health Organization (WHO), increases the risk of different cardiovascular illnesses. Furthermore, The German tilapia industry is booming, thanks to rising demand for fish-based protein and well-developed supply networks.
Tilapia Market Drivers
Aquaculture Is Growing In Popularity And Disease Resistance Is Improving
Tilapia Market Landscape
The Tilapia market top 10 companies are Baiyang Aquatic Group, Beihai Evergreen Aquatic Product Science & Technology, Hainan Xiangtai Fishery, Mazzetta Company LLC, Blue Ridge Aquaculture Inc, Regal Springs Tilapia, Ananda Aqua Exports Private Limited, North Atlantic Fish, Guangdong Gourmet Aquatic Products, Netuno International
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