Rising Demand for Fish-based Protein Propelling Growth of Dried Tilapia Fillets – Fact.MR Study

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Dried Tilapia Fillets. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Dried Tilapia Fillets Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Dried Tilapia Fillets market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Dried Tilapia Fillets

This newly published and insightful report sheds light on Market Insights of Dried Tilapia Fillets, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Dried Tilapia Fillets Market.

The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales in the tilapia market across the globe. A comprehensive estimate on the tilapia market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.

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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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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.

Key Takeaways from Tilapia Market Study

• High demand for frozen whole tilapia and frozen tilapia fillets is forecast to fuel sales over the coming years.
• Country-wise, Greater China will be in the spotlight with 29% of overall market share.
• The Russian Federation is projected to hold a major share of market volume in terms of consumption, while Canada remains lucrative.
• High demand for Nile tilapia and blue tilapia to propel market growth.
• Wild catch to remain the leading type of catch, followed by aquaculture.
• Japan and South Korea to remain in the limelight for tilapia suppliers.

“Increase in requirement for protein sources has been driving demand for fish such as tilapia substantially since the past decade,” says a Fact.MR analyst.

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More Valuable Insights on Dried Tilapia Fillets Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Dried Tilapia Fillets, Sales and Demand of Dried Tilapia Fillets, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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