The global Tilapia market experienced price fluctuations during the first and second quarters of 2023 due to rising inflation and increasing costs in the food and beverage sector. Extreme weather conditions posed a significant challenge as they disrupted water bodies, impacting Tilapia supply and driving prices higher. Supply chain disruptions arising from the Russia-Ukraine war also affected global food markets. In Egypt, facing a domestic Tilapia supply shortage, the government implemented policies to boost production, further contributing to rising Tilapia prices. These factors collectively influenced the oscillating price trends in the Tilapia market during this period.
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Definition
Tilapia refers to a group of freshwater fish species known for their wide consumption worldwide. They are characterized by their mild-flavored, white flesh and are often recognized for their role in aquaculture. Tilapia are fast-growing, adaptable, and can thrive in various aquatic environments. They are herbivorous, feeding on plants and algae, making them a sustainable food source. Tilapia’s versatility in culinary applications, coupled with their ease of cultivation, has made them a popular choice in the seafood industry. These fish are also known for their ability to help manage algae and nutrient levels in aquaculture ponds, contributing to water quality control.
Key Details About the Tilapia Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Tilapia in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Tilapia Price chart, including India Tilapia price, USA Tilapia price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Tilapia Price Trend:
Tilapia, a versatile freshwater fish, serves various industrial purposes. In the food industry, it is a valuable source of protein and is widely consumed as a nutritious seafood option. Tilapia’s mild flavor and white flesh make it suitable for diverse culinary applications, from fillets to processed products like fish sticks and surimi. The aquaculture sector relies heavily on tilapia farming to meet global seafood demand. Tilapia also plays a role in wastewater treatment, where it helps control algae and nutrient levels in water bodies. Additionally, the fish’s scales and skin have potential applications in cosmetics and pharmaceuticals, reflecting its significance across industries.
Key Players:
- Seatrade
- Atlantic Capes Fisheries Inc
- Atalanta Corporation
- Ideal Foods Ltd
- Sea Delights
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