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Global tilapia market will reach 1.2738 billion U.S. dollars by 2022

Author: QYResearch Publish date: 2018-03-20 Views: 13
Unlike carnivorous fish, tilapia can feed on algae or any plant-based food. This reduces the cost of tilapia farming, reduces fishing pressure on prey species, avoids concentrating toxins that accumulate at higher levels of the food chain and makes tilapia the preferred "aquatic chickens" of the trade.

Publisher: QYResearch

Published Date: 2018-03-20

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Because of their large size, rapid growth, and palatability, tilapiine cichlids are the focus of major farming efforts, specifically various species of Oreochromis, Sarotherodon, and Tilapia, collectively known colloquially as tilapia. Like other large fish, they are a good source of protein and popular among artisanal and commercial fisheries. Most such fisheries were originally found in Africa, but outdoor fish farms in tropical countries, such as Papua New Guinea, the Philippines, and Indonesia, are underway in freshwater lakes. In temperate zone localities, tilapiine farming operations require energy to warm the water to tropical temperatures. One method uses waste heat from factories and power stations.


QYR analysts predict that the global Tilapia market is expected to reach $ 12738 million by 2022 from $ 11451 million in 2016, growing at a CAGR of 1.66% from 2017 to 2022. Major factors driving growth of this market include the Rising population, rising awareness of healthy consumption and growth in per capita income in emerging markets. However, Pond rent increases, water pollution, Lack of good breeding technology in emerging economies, and lack of Technology for deep processing of food are expected to restrain the growth of this market.


Asia-Pacific market is expected to become the fastest growing market, increasing product availability is the key point.


Asia-Pacific is poised to grow at the highest CAGR during the forecast period owing to rising awareness about health care, increasing disposable income in this region, and rising focus of prominent players on the APAC market increasing diversification of product processing.


The average price will fall further.The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials. Strong market competition is resulting in annual 2 percent price erosion. 


The Global Tilapia Market Research Report 2017 report released by QYResearch provides a basic overview of the Tilapia industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in China, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Tilapia industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

 

Click to view the full report:http://www.qyresearchglobal.com/goods-1135610.html
QYResearchglobal focus on market survey and report 
Media contact: press@qyresearch.com

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