Tilapia Market - Forecast(2024 - 2030)

Report Code: FBR 38598 Report Format: PDF + Excel

Tilapia Market Overview

Tilapia Market size is estimated to reach $5,851 million by 2026, growing at a CAGR of 5.7% over 2021-2026. Tilapia is a freshwater fish from the Cichlidae family that may be found in shallow brackish water, ponds, rivers, lakes, and other bodies of water. It is one of the most widely caught and consumed fish species in the world. It has a mild flavor and is high in proteins, iron, vitamin D, selenium, vitamin B, and a number of other minerals. The fast rise of aquaculture has aided the global expansion of the tilapia business. Tilapia is the second most cultivated species after carps, owing to its suitability for fish farming. They are inexpensive and easy to cultivate, even for small farms, because they are omnivorous, hard, and disease resistant. Furthermore, Tilapia demand is driven by people's rising health consciousness and need for a protein-rich diet. Furthermore, advances in genetic technology, selective breeding, and increased government measures to assist the aquaculture industry are all helping to drive the tilapia market forward. The expanding need for processed seafood, as well as increased demand from sportsmen and bodybuilders, is propelling the industry forward. Moreover, increasing awareness of the benefits of eating nutritious foods, as well as the challenges of a fast-paced lifestyle, are expected to boost overall market demand for Tilapia over the projected period 2021-2026.

Report Coverage

The report: “Tilapia Market Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Tilapia Market.    

By Source: Organic Tilapia and Conventional Tilapia.
By Form Type: Fresh Tilapia and Processed Tilapia.
By Applications: Food Industry, Pharmaceutical Industry, Animal Feed, Pet Food, Food Service and Retail.
By Sales Channel: Direct Sales, Convenience Stores, Specialty Food Stores, Wholesale Stores, Online Retail and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa). 

Key Takeaways

  • In 2020, Europe dominated the Tilapia Market.
  • Steadily increasing aquaculture and disease resistance, as well as the nutritional and health benefits of tilapia fish, along with consumer knowledge, are expected to help in the global expansion of the Tilapia Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Tilapia Market report.
  • However, one of the key challenges limiting the growth of the Tilapia Market is the danger of illness spreading through imports, as well as the contamination risk and background in import activities, might result in production losses.

Tilapia Market Size, By Sales Channel2020 (%)

Tilapia Market Size

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Tilapia Market Segment Analysis – By Species Type

The Tilapia Market based on species can be further segmented into Nile Tilapia (OREOCHROMIS NILOTICUS), Blue Tilapia (OREOCHROMIS AUREUS), Mozambique Tilapia (OREOCHROMIS MOSSAMBICUS) and Wami Tilapia (OREOCHROMIS UROLEPIS HORNORIUM). Nile Tilapia of species segment is the major segment generating revenue in 2020. One of the earliest fish species to be cultivated was Nile Tilapia. Because of biblical texts describing the fish served to the masses, tilapia has been dubbed Saint Peter's fish. The Nile tilapia remains the most frequently cultivated tilapia species. The adaptability of tilapia to low water quality and the fact that they eat a wide variety of natural food species are both positive aqua cultural features. Furthermore, this segment is estimated to register the fastest CAGR of 6.34% for the period 2021-2026 as the difficulty of commercial tilapia farming is to flourish owing to their inability to endure persistent water temperatures and early sexual maturity, which results in spawning before the fish reach market size, are biological limitations. Moreover, only females in Oreochromis species practice mouth brooding, but males or both males and females in Sarotherodon species mouth brood which drives the market. 

Tilapia Market Segment Analysis – By Sales Channel

The Tilapia Market-based sales channels can be further segmented into Direct Sales, Convenience Stores, Specialty Food Stores, Wholesale Stores, Online Retail and Others. The direct sales segment registers for the highest Tilapia market share in 2020. In 2020, the direct sales sector will have the largest tilapia market share. This is due to the fact that these businesses are equipped with a wide range of options and provide a variety of direct sales from various companies. Furthermore, consumers are anticipated to favor offline retail channels for purchasing due to in-store promotions by merchants and price comparisons, which is expected to boost consumption rates throughout the projection period 2021-2026.

On the other hand, the online retail segment is to hold the fastest CAGR during the forecast period 2021-2026. This is mostly attributed to a growth in the number of online retail channels, particularly in emerging nations, which has increased the penetration of contemporary supermarket retail chains, which will help to boost tilapia sales in the future years.

Tilapia Market Segment Analysis – By Geography

Europe dominated the Tilapia Market with a major share of 45.2% in 2020. In the UK, owing to growing worries about obesity, hearing-related disorders, and other issues, this has become another profitable market for tilapia, prompting people to replace meat with healthful fish products. Nearly 7.4 million individuals in the United Kingdom suffer from heart and circulation illness, according to the British Heart Foundation (BHF). Regular intake of red meat and other meat-related items, according to the World Health Organization (WHO), increases the risk of different cardiovascular illnesses. Furthermore, The German tilapia industry is booming, thanks to rising demand for fish-based protein and well-developed supply networks. According to a study issued by the Government of Canada in May 2019 titled "Sector Trend Analysis- Fish and Seafood Trends in Germany," Germany is one of the world's top fish and seafood importers, ranking eighth on an international scale in 2018.

However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 6.5% during the forecast period 2021-2026 owing to the fact that Asian countries such as Japan, China, and India are showing an increase in population growth, a wide base of fish eaters and advancement of efficient fish farming. According to Asia Pacific Food and Agriculture Organization, the aquaculture sector in the Asia Pacific region remained healthy and strong. Apart from this, owing to its high production and consumption rates, China has recently been a focal point for tilapia providers. According to household consumption surveys conducted by the Chinese government, national per capita seafood intake increased from 3.1 kg in 1985 to 11.4 kg in 2016, with differences between urban and rural populations.

Tilapia Market Drivers

Aquaculture Is Growing In Popularity And Disease Resistance Is Improving

The Tilapia The market is expanding attributed to increasing aquaculture and improved disease resistance. There is a growing awareness of aquaculture and aquaponics, and the government is launching a number of measures to encourage aquaculture and promote market growth. Furthermore, tilapia fish farming has risen due to its excellent disease resistance and mild flavor, and it is readily available to small-scale farmers. Furthermore, as people become increasingly conscious of the need of a protein-rich diet, the low cost of tilapia fish makes it more accessible to customers than more expensive fish like salmon and others. The Tilapia Market is growing as people become more aware of the importance of eating a protein-rich diet. Tilapia is a low-cost fish with a moderate flavor. In the U.S., it is the fourth most popular form of seafood. It's an excellent fish for farming since it doesn't mind being crowded, develops rapidly, and eats a low-cost vegetarian diet. Furthermore, according to a survey conducted, it is estimated that total fish production is poised to expand from 179 million tonnes in 2018 to 204 million tonnes by 2026, where it is to increase by 32% approximately.  

Tilapia Market Challenges

Imports Pose A Risk Of Illness And Contamination, Which Might Result In A Loss Of Output

The major challenge in the Tilapia market is the danger of illness spreading through imports, as well as the background in import activities, which might result in output loss. Furthermore, the market's expansion is being hampered by rising water contamination and changing climatic conditions. Furthermore, rising health concerns related to the consumption of fish from dirty water are limiting market growth during the forecast period 2021-2026.

Tilapia Market Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Tilapia market. In 2020, Tilapia's market share is fragmented by the top ten players present in the market. The Tilapia market top 10 companies are:

  1. Baiyang Aquatic Group
  2. Beihai Evergreen Aquatic Product Science & Technology Co. Ltd.
  3. Hainan Xiangtai Fishery Co. Ltd.
  4. Mazzetta Company LLC.
  5. Blue Ridge Aquaculture Inc.
  6. Regal Springs Tilapia
  7. Ananda Aqua Exports Private Limited
  8. North Atlantic Fish Co. Inc.
  9. Guangdong Gourmet Aquatic Products Co. Ltd.
  10. Netuno International S/A

Acquisitions/Product Launches

  • In January 2021, 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 a special focus on sustainability.
  • In November 2020, Blue Ridge Aquaculture (BRA) invested US$ 2.5m in a nursery facility to support existing as well as increasing farming activities. These investments as also aimed towards attaining vertical integration in the supply chain to eliminate the reliance on other third parties for assistance and thus can take charge of quality assurance.

1. Tilapia Market Overview
    1.1 Definitions and Scope
2. Tilapia Market Executive Summary
    2.1 Market Size and Key Trends
    2.2 Key trends by Species Type
    2.3 Key trends by Sales Channel
    2.4 Key trends by Geography
3. Tilapia Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Tilapia Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Tilapia Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Tilapia Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Tilapia Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Tilapia Market – By Source (Market Size -$Million/$Billion)
    8.1 Organic Tilapia
    8.2 Conventional Tilapia
9. Tilapia Market – By Species Type (Market Size -$Million/$Billion)
    9.1 Nile Tilapia (OREOCHROMIS NILOTICUS)
    9.2 Blue Tilapia (OREOCHROMIS AUREUS)
    9.3 Mozambique Tilapia (OREOCHROMIS MOSSAMBICUS)
10. Tilapia Market – By Form Type (Market Size -$Million/$Billion)
    10.1 Fresh Tilapia
        10.1.1 Whole Tilapia
        10.1.2 Fillet Tilapia
    10.2 Processed Tilapia
        10.2.1 Frozen Tilapia
        10.2.2 Whole Fillet Tilapia
11. Tilapia Market- By Application (Market Size -$Million/$Billion)
    11.1 Food Industry
    11.2 Pharmaceutical Industry
    11.3 Animal Feed
    11.4 Pet Food
    11.5 Food Service
    11.6 Retail
12. Tilapia Market- By Sales Channel (Market Size -$Million/$Billion)
    12.1 Direct Sales
    12.2 Convenience Stores
    12.3 Specialty Food Stores
    12.4 Wholesale Stores
    12.5 Online Retail
    12.6 Others
13. Tilapia Market- By Geography (Market Size -$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 U.K.
        13.2.2 Germany
        13.2.3 Italy
        13.2.4 France
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Australia
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 India
        13.3.6 Rest of Asia-Pacific
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Others
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Tilapia Market Entropy
15. Tilapia Market- Industry / Segment Competition landscape Premium Premium
    15.1 Market Share Analysis
        15.1.1 Market Share by Country- Key companies
        15.1.2 Market Share by Region- Key companies
        15.1.3 Market Share at Global Level- Key companies
        15.1.4 Competition Matrix
        15.1.5 Best Practices for Companies
16. Tilapia Market- Key Company List by Country Premium Premium
17. Tilapia Market Company Analysis
    17.1 Company Revenue, Products, M&A, Developments
    17.2 Company 1
    17.3 Company 2
    17.4 Company 3
    17.5 Company 4
    17.6 Company 5
    17.7 Company 6
    17.8 Company 7
    17.9 Company 8
    17.10 Company 9
    17.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.


1.Global Major Manufacturers Introduction Market 2019-2024 ($M)
1.1 Manufacturers List Market 2019-2024 ($M) - Global Industry Research
2.Global Major Manufacturers Introduction Market 2019-2024 (Volume/Units)
2.1 Manufacturers List Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Major Manufacturers Introduction Market 2019-2024 ($M)
3.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
4.South America Major Manufacturers Introduction Market 2019-2024 ($M)
4.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
5.Europe Major Manufacturers Introduction Market 2019-2024 ($M)
5.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
6.APAC Major Manufacturers Introduction Market 2019-2024 ($M)
6.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
7.MENA Major Manufacturers Introduction Market 2019-2024 ($M)
7.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research


1.US Tilapia Market Revenue, 2019-2024 ($M)
2.Canada Tilapia Market Revenue, 2019-2024 ($M)
3.Mexico Tilapia Market Revenue, 2019-2024 ($M)
4.Brazil Tilapia Market Revenue, 2019-2024 ($M)
5.Argentina Tilapia Market Revenue, 2019-2024 ($M)
6.Peru Tilapia Market Revenue, 2019-2024 ($M)
7.Colombia Tilapia Market Revenue, 2019-2024 ($M)
8.Chile Tilapia Market Revenue, 2019-2024 ($M)
9.Rest of South America Tilapia Market Revenue, 2019-2024 ($M)
10.UK Tilapia Market Revenue, 2019-2024 ($M)
11.Germany Tilapia Market Revenue, 2019-2024 ($M)
12.France Tilapia Market Revenue, 2019-2024 ($M)
13.Italy Tilapia Market Revenue, 2019-2024 ($M)
14.Spain Tilapia Market Revenue, 2019-2024 ($M)
15.Rest of Europe Tilapia Market Revenue, 2019-2024 ($M)
16.China Tilapia Market Revenue, 2019-2024 ($M)
17.India Tilapia Market Revenue, 2019-2024 ($M)
18.Japan Tilapia Market Revenue, 2019-2024 ($M)
19.South Korea Tilapia Market Revenue, 2019-2024 ($M)
20.South Africa Tilapia Market Revenue, 2019-2024 ($M)
21.North America Tilapia By Application
22.South America Tilapia By Application
23.Europe Tilapia By Application
24.APAC Tilapia By Application
25.MENA Tilapia By Application