Carp Market Size, Estimates, And Forecast To 2028

Carp Industry Overview

The global carp market size was valued at USD 98.63 billion in 2021 and is expected to expand by 5.5% from 2022 to 2028. The increasing demand and consumption of fish products in developed and developing economies is expected to promote market growth over the last few years.

The rising health concerns towards premature skin aging, bone health, and the high prevalence of cardiovascular diseases are accelerating the demand for fish around the globe. In addition to this, the growing awareness about the health benefits of carp in reducing the risk of chronic diseases and balancing hormone levels are further expected to propel the market growth during the forecast period. Furthermore, changing lifestyles, rapid urbanization, and rising preference for healthy foods have projected market growth during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Carp Market

The lockdown announced during the COVID-19 pandemic had disturbed transportation and suspended the supply of fish food products for a short duration. Aquaculture and fishery supply chains are susceptible to being disrupted or stopped by measures arising from COVID-19 restrictions. In aquaculture, the unsold production of the carp has resulted in increasing levels of live fish stocks. Further, it has created higher costs for feeding and risks of fish mortalities across the globe. Moreover, the increasing demand for fish products after the COVID-19 pandemic will create opportunities for the market players. Thus, the market is expected to witness a healthy market growth rate in the upcoming years.  

Moreover, the increasing demand for protein-rich diets instead of high-calorie food products from consumers is accelerating the demand for carp fish food products. Fish food is a low-fat source of protein, which is used for muscle building, and also contains vitamins, iron, omega-3 fatty acid, and B-12, which are anticipating the growth of the market. According to Food and Agriculture Organization (FAO), global fish food consumption has increased at a growth rate significantly above that of world population growth. This may accelerate the market growth during the forecast period.

The consumption of carp fish products has been driven by technological development and advancement in the cold chain, shipping and distribution channel, and an increase in the production of fish products across the globe. In addition to this, the global market is majorly driven by the growing number of fish trade activities and the expanding aquaculture sector across the globe. Moreover, the growing demand for procced and packaged food is also accelerating the market growth during the forecast period.

The growing aquaculture sector in developing economies like China, India, and Indonesia is the major driving force of the market. In addition to this, the carp aquaculture market has been witnessing growth due to factors such as growing urbanization and increasing disposable income, which led to a rise in the consumption of protein-rich meat. The growing demand for premium quality food products due to freshness, diversity of the products, and convenience for food safety are expected to boost the market growth during the forecast period.

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Key Companies profiled:

Some prominent players in the global carp market include

• Priory Fishery Ltd
• Hampshire Carp Hatcheries
• Quintons Orchard Fish Farm
• VS Fisheries
• Anhui Fuhuang Sungem Foodstuff Group Co. Ltd.
• Baiyang Investment Group Inc.
• Coarse Fish UK
• Greenwater Fish Farm
• Dahu Aquaculture
• Zhangzidao Group  

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