USD 104.17 billion
Global Carp Market Size, Share, Growth Analysis, By Type(Fish Meal and Fish Oil), By Distribution Channel(Offline retail and Online retail) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2122 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
59 |
Figures:
75
Global Carp Market Insights
Global Carp Market size was valued at USD 104.17 billion in 2022 and is poised to grow from USD 110.0 billion in 2023 to USD 170.11 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).
Carp is one of the most widely consumed fish in the world and is highly valued for its taste and nutritional content. The market caters to various segments such as the food industry, pet industry, and recreational fishing industry. The food industry is the largest segment of the market, and Carp is consumed in various forms such as fresh, frozen, canned, and smoked. It is used in various dishes such as stews, soups, and curries in many countries, especially in Europe and Asia. The market also caters to the pet industry, where Carp is used as a source of protein for pets, including dogs and cats. The recreational fishing industry is also a significant segment of the market. Carp is considered one of the most challenging fish to catch, and its fishing has become a popular sport in many countries.
The market is a highly competitive industry with many players operating in different regions of the world. Carp farming has become a popular way to meet the growing demand for Carp, and many countries have developed the farms to increase their production capacity. Some of the major Carp producing countries include China, India, Vietnam, Thailand, Indonesia, and Hungary. In North America, a report by the United States Department of Agriculture states that the U.S. imported 1,470 metric tons of carp in 2020, which was a 9% decrease from the previous year. The report also states that the majority of the imported carp came from China.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fish Meal
Fastest Growth
Fish Oil
Growth Rate
5.6% CAGR
Global Carp Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Carp Market Size By Type ($ Bn)
Global Carp Market By Type (%)
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Global Carp Market Segmental Analysis
The Global Carp market is segmented by type, distribution channel, and region. Based on type, the market can be segmented into fish meal, and fish oil. Based on distribution channel, the market is segmented into Offline retail, and Online retail. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
By type, the market can be segmented into fish meal and fish oil. Fish meal is the dominating segment in the global carp market. It is a high-protein supplement used in aquafeed to enhance the growth and health of carp. The increasing demand for fish meal in aquaculture is expected to propel segment growth.
Fish oil is the fastest growing segment in the global carp market. It is a rich source of omega-3 fatty acids, which is essential for the growth and development of carp. The increasing awareness about the health benefits of omega-3 fatty acids is expected to drive the growth of this segment.
Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline retail and online retail. Offline retail refers to the traditional brick-and-mortar stores, supermarkets, and fish markets where customers can purchase carp directly. This distribution channel has been the dominant mode of distribution for carp due to its accessibility and convenience. The offline retail segment is expected to continue to dominate the market, accounting for the largest market share during the forecast period.
Online retail refers to the e-commerce platforms and online stores where customers can purchase carp online. The online retail segment is a rapidly growing segment in the carp market, driven by the increasing adoption of e-commerce platforms and the convenience of online shopping.
Global Carp Market Size By Type (%), 2023 (%)
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Global Carp Market Regional Insights
The Asia Pacific region dominated the global carp market. This can be attributed to the high consumption of carp in countries such as China, India, and Indonesia, where there is a growing demand for protein-rich seafood products due to increasing disposable incomes and a trend towards healthier lifestyles. This has led to an increase in the production of carp products in these countries.
The North American carp market is expected to growth at the fastest CAGR. The increasing awareness of the health benefits of fish products and a growing preference for sustainable food options are contributing to this growth. Additionally, rising concerns about premature aging, bone health, and cardiovascular diseases are driving demand for fish products in the region. Furthermore, the demand for premium quality food products that are fresh, diverse, and safe is expected to continue fueling market growth in North America during the forecast period.
Global Carp Market By Region, 2024-2031
- Largest
- Fastest
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Global Carp Market Dynamics
Drivers
Growing demand for seafood and protein-rich diets
- One of the major drivers of the global carp market is the growing demand for seafood and protein-rich diets. Carp are a relatively inexpensive and widely available source of protein, making them a popular choice among consumers. Additionally, carp can be farmed in various environments and are known for their hardiness and adaptability, making them an attractive option for aquaculture. As the global population continues to grow, the demand for protein-rich diets is expected to increase, driving the growth of the carp market.
Restraints
Negative impact of carp on aquatic ecosystems
- One of the major restraints of the global carp market is the negative impact of carp on aquatic ecosystems in some regions. Carp are known to be invasive species and can cause significant harm to native fish populations and their habitats. This has led to concerns regarding the introduction of carp into new areas and regulations regarding the transportation and sale of carp. Additionally, some consumers are hesitant to eat carp due to their reputation as "bottom feeders," which may affect the demand for carp in certain markets.
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Global Carp Market Competitive Landscape
The global carp market is moderately fragmented with the presence of several regional and international players. The market is highly dependent on the demand and supply dynamics, pricing strategies, and technological advancements in aquaculture. Key players are focusing on expanding their production capacities, entering into strategic collaborations, and developing new product portfolios to increase their market share. The market is also witnessing the entry of new players, which is expected to intensify the competition further in the coming years.
Top Player’s Company Profiles
- Beijing Yantai Carp Valley Food (China)
- Jiangsu Hualong Agriculture (China)
- Liuhe (China)
- Hangzhou Qiandaohu Xunlong Sci-tech (China)
- Shandong Oriental Ocean Sci-tech (China)
- Wenzhou Qingyu Machinery (China)
- Jiangsu Jinzai Aquatic Products (China)
- Zhejiang Zhongda Agriculture (China)
- Green Hill Fisheries (India)
- Okiko (Japan)
- Dainichi (Japan)
- Eheim (Germany)
- Philips Lighting (Netherlands)
- Aquael (Poland)
- Hikari (Japan)
- Ocean Nutrition (Canada)
- Aquatop Aquatic Supplies (US)
- Sera (Germany)
Recent Developments
-
In March 2024, the World Wildlife Fund (WWF) and Freshwater Select, together with industry partners, introduced the Invasive Carp Consortium (ICC). This initiative aims to harness market forces to address the harmful impact of invasive carp on lakes and rivers across the United States.
-
In March 2024, Cannaray Limited, a prominent European medical cannabis company based in London, is excited to confirm the signing of a definitive agreement to merge with Aqualitas Inc. Aqualitas is a licensed medical cannabis cultivator and processor based in Nova Scotia, holding a Drug Establishment License (DEL) and boasting EU GMP, cGMP, GAP, and Clean Green® organic certifications.
- In March 2024, a Midwestern angler made headlines by breaking a world record for catching a nearly 100-pound female carp. The Missouri Department of Conservation (MDC) revealed this remarkable catch by fisherman George Chance in a press release on March 22nd. Chance landed a 97-pound bighead carp while fishing along the Mississippi River.
Global Carp Key Market Trends
- One key market trend in the global carp market is the increasing adoption of sustainable and responsible aquaculture practices. With growing concerns about the environmental impact of fish farming, there is a rising demand for carp produced using sustainable and environmentally-friendly methods. As a result, many producers are implementing practices such as minimizing waste and pollution, using organic feed, and improving water management techniques. Consumers are also becoming more aware of the importance of sustainability in their purchasing decisions, which is driving the demand for responsibly-farmed carp.
Global Carp Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global carp market analysis, the market is a moderately fragmented and is dominated by the Asia Pacific region. However, concerns regarding invasive species and environmental impact have affected the growth of the market in certain regions. Major players in the market are focusing on expanding their production capacities, developing new product portfolios, and implementing sustainable and responsible aquaculture practices. The market is also witnessing the entry of new players, which is expected to intensify the competition further in the coming years. The growing demand for seafood and protein-rich diets is expected to drive the growth of the market in the foreseeable future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 104.17 billion |
| Market size value in 2031 | USD 170.11 billion |
| Growth Rate | 5.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Carp Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Carp Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Carp Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Carp Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Carp Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Carp Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Carp Market Report Snapshots
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