High Demand For Frozen Tilapia Fillets Is Forecast To Fuel Sales Over The Coming Years

Volume consumption of tilapia in the U.S., the largest tilapia importer, witnessed confined growth prospects with decline an excess of 10 KT estimated in 2017 over 2016, as per Fact.MR study. Declined consumption patterns mimic the broader trends in the production scenario as low prices pose challenges for companies to maintain high profitability.

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Competitive Landscape

The global tilapia market offers a highly competitive environment to its key players. In order to sail through the strong competition, key market players are focusing on launching a wide variety of quality products.

For instance,

• North Atlantic Fish Co., Inc. launched its new range of tilapia products, such as North Atlantic Frozen Tilapia Fillets, North Atlantic Frozen Whole Tilapia, and others, with special focus on sustainability, in 2020.
• Hainan Xiangtai Fishery Co., Ltd. launched its new range of products, such as Gutted and Scaled Tilapia, Whole Round Tilapia, Tilapia Fillet, and others, in 2020.

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Tilapia Market Segmentation by Category

• Form
  • Dried Tilapia Fillets
  • Fresh or Chilled Tilapia Fillets
  • Frozen Tilapia Fillets
  • Frozen Whole Tilapia
• Species
  • Nile Tilapia
  • Blue Tilapia
  • Mozambique Tilapia
  • Wami Tilapia
• Catch
  • Wild Catch
  • Aqua Culture
• Region
  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

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The Tilapia Market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing Tilapia Market does?
• How the global Tilapia Market does looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2029?
• What innovative products are being introduced by the players in the global Tilapia Market does?
• Which regions are showing the fastest market growth?

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