What is the global market size of Carp Market?

Global Carp Market size was valued at USD 98.6 billion in 2021 and is poised to grow from USD 103.3 billion in 2022 to USD 158.6 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

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.

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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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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

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