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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On the contrary, the second largest consumer – Russian Federation witnessed an increase in demand with a marginal volume consumption of 4 KT in the period of 2016-2017. Report opines that the Russian Federation tilapia market is expected to report a steady demand for tilapia through 2022 while presenting emerging opportunities for Chinese suppliers in the future.
Domestic consumption predominates the tilapia market where the loss in exports is countervailed by persistently rising demand in the domestic markets of producing countries. As the domestic consumption holds sway, Fact.MR clearly estimates the preeminence of domestic market prices over export prices in the profiled exporting countries during the forecast period.
According to the study, Greater China, the largest producer of the tilapia will maintain its dominion with an estimated production of 1989 KT in 2017, about 28% of the global production. While China continues to helm the production, global tilapia trade has witnessed increasing participation of other tilapia producing countries.
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|Historical Data Available for||2016-2020|
|Market Analysis||USD Million for Value|
|Key Regions Covered||North AmericaLatin AmericaEuropeSouth AsiaEast AsiaMiddle East & AfricaOceania|
|Key Countries Covered||USCanadaGermanyU.K.FranceItalySpainPolandRussiaChinaJapanSouth KoreaIndiaThailandMalaysiaVietnamIndonesiaAustraliaNew ZealandGCC CountriesTurkeyNorthern AfricaSouth Africa|
|Key Segments Covered||FormSpeciesCatchRegion|
|Key Companies Profiled||Baiyang Aquatic GroupBlue Ridge Aquaculture, Inc.Guangdong Gourmet Aquatic Products Co. Ltd.Ananda Aqua Exports Private LimitedHainan Xiangtai Fishery Co., Ltd.Beihai Evergreen Aquatic Product Science & Technology Co. Ltd.Regal Springs TilapiaMazzetta Company, LLC.North Atlantic Fish Co., Inc.Netuno Internacional S/A|
|Report Coverage||Market ForecastsBrand Share AnalysisCompetition IntelligenceDROT AnalysisMarket Dynamics and ChallengesStrategic Growth Initiatives|
|Customization & Pricing||Available upon Request|
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Report Benefits & Key Questions Answered
- Tilapia Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Tilapia Market Historical volume analysis: The report provides a comparison of Tilapia Market historical sales and projected sales performance for 2021-2031.
- Tilapia Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Tilapia MarketIt carefully gauges the impact of changing healthcare needs of key demographics globally
- Tilapia Market Consumption by demographics: The report investigates consumer behavior affecting Tilapia Market demand outlook for the assessment period. Effect of their keenness for digital trends on Tilapia Market is carefully analyzed
Post COVID consumer spending on Tilapia Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Tilapia Market growth
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bulletin Track journalist was involved in the writing and production of this article.