QYResearch: The global Tilapia market is expected to reach $ 12738 million by 2022

QYResearch

QYResearchďźšThe global Tilapia market is expected to reach $ 12738 million by 2022

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QYResearch Tilapiais the common name for nearly a hundred species of cichlid fish from the tilapiine cichlid tribe, Tilapia are mainly freshwater fish

inhabiting shallow streams, ponds, rivers and

lakes and less commonly found living in brackish water.

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QYResearch 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.

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QYResearch 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.

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