Saving Seafood

Report finds perceived health benefits driving higher tilapia consumption

February 18, 2021 — An increasing global demand for alternative sources of animal protein and a growing appreciation of the nutritional value of seafood are the two key factors likely to drive higher tilapia consumption globally, according to a report by market analyst Fact.MR.

The report “Tilapia Market, Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2021 to 2031,” claims there is a global shift toward fish an optimal protein option due to its benefits for human health, which include “strengthening heart and bone health, improving brain functions, and keeping weight in check.”

Read the full story at Seafood Source

US tilapia demand falls

January 15, 2019 — Americans’ consumption of tilapia has fallen in recent years, while demand from Russia has surged, according to a new report.

While the United States is still the largest importer of tilapia, imports slid an estimated 10 KT in 2017, according to a Fact.MR report.

The U.S. trends mimic the global tilapia market, which declined 6 percent in the first two quarters of 2017, thanks to weakening consumer demand, Fact.MR found.

Consumers globally are buying other specialty fish and are more interested in pangasius, analysts said.

“A special palate for pangasius has been witnessed among seafood consumers worldwide,” Fact.MR said in the report. “The U.S. and China continue to remain the largest consumers of pangasius. Following the increasing domestic demand and lower prices of pangasius, Chinese tilapia farmers are adopting farming of other fish varieties including pangasius.”

Meanwhile, the Russian Federation imported 4 KT more tilapia in 2017 versus 2016.

Read the full story at Seafood Source