Global Tilapia Market 2018-2022
Tilapia is the common name for various species of cichlid fish from the Tilapiine cichlid tribe. It is an herbivorous fish that feeds on algae or small aquatic plant cells, and is primarily raised in freshwater systems using cages, ponds, raceways, or open waters.
Technavio’s analysts forecast the Global Tilapia Market to grow at a CAGR of 5.13% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global tilapia market. To calculate the market size, the report considers the revenue generated from the sales of tilapia.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tilapia Market 2018-2022
Technavio recognizes the following companies as the key players in the global tilapia market: Baiyang Investment Group, Goulian Group, Hainan Qinfu Food, HAINAN XIANGTAI FISHERY, and Zhenye Fish&Foods Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing demand from athletes and bodybuilders.”
According to the report, one driver influencing this market is the growth in land-based aquaculture practices. Land-based aquaculture is expensive than marine aquaculture; however, it can eliminate many environmental problems associated with sea cage aquaculture.
Further, the report states that one challenge affecting this market is the overexploitation and depletion of fish stocks. Overfishing is illegal, unregulated, and unreported fishing.
Baiyang Investment Group
Hainan Qinfu Food
HAINAN XIANGTAI FISHERY
Zhenye Fish&Foods Group
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