Global Carp Market

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 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.

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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).

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. '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)', 'JBL (Germany)', 'Tetra (Germany)', 'Okiko (Japan)', 'Dainichi (Japan)', 'Eheim (Germany)', 'Philips Lighting (Netherlands)', 'Aquael (Poland)', 'Hikari (Japan)', 'Ocean Nutrition (Canada)', 'Aquatop Aquatic Supplies (US)', 'Sera (Germany)'

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.

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.

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.

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