Carp Market by Type (Bighead Carp, Common Carp, Crucian Carp), Form (Canned, Fresh, Frozen), Sales Channel - Global Forecast 2024-2030

Carp Market by Type (Bighead Carp, Common Carp, Crucian Carp), Form (Canned, Fresh, Frozen), Sales Channel - Global Forecast 2024-2030

The Carp Market size was estimated at USD 106.62 billion in 2023 and expected to reach USD 112.48 billion in 2024, at a CAGR 5.63% to reach USD 156.46 billion by 2030.

Carp is a freshwater fish which is native to Asia and Europe, is cultivated in aquaculture environments and is one of the most consumed fish globally due to its affordability and nutritional benefits. Rising fish consumption as a protein source globally due to rising health awareness and dietary shifts is influencing the market growth. Innovations in aquaculture practices, including breeding techniques and disease control, have considerably increased the output and quality of carp. Government policies supporting sustainable and responsible fishing practices positively impact market growth by ensuring long-term viability. However, carp farming often faces criticism for potentially harmful impacts on local ecosystems, such as water pollution and displacement of native fish species, limiting the market scope. Issues such as mercury contamination and other pollutants may harm consumer perceptions, impacting demand adversely and creating challenges for market growth. Moreover, growing consumer demand for organically farmed carp, which adheres to stringent farming practices free from chemicals and genetically modified organisms (GMOs) may create growth potential in the market. The development of processed products such as ready-to-cook meals, smoked preparations, and health-centric offerings could cater to changing consumer preferences, generating opportunities for market expansion.

Regional Insights

In the Americas region, the United States and Canada have a relatively small carp market mainly driven by immigrant communities and niche consumers. Interest in carp is increasing in the United States slightly as local chefs seek sustainable and locally sourced options. Carp is generally underutilized in Canada, with some interest in areas where it is caught as a byproduct of other fishing activities. The market dynamics vary significantly across the EMEA region with differences in consumer preferences and regulatory environments. Countries including the Czech Republic, Poland and Slovakia have a robust market for carp, especially during festive seasons. There is limited commercial interest in carp in the Middle East region, with some regional consumption depending on immigrant populations and localized aquaculture projects. In Africa, interest in carp farming is growing to increase food security and provide employment. The high population density and traditional inclusion of carp in the diet make the Asia-Pacific region the largest consumer of carp globally. China leads in both consumption and production, supported by a long history of aquaculture. Japan emphasizes on premium carp products, often linked to cultural festivities, driving a niche market for specific carp breeds. India is witnessing growth in carp consumption due to rising incomes and expanding market penetration.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Carp Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing awareness regarding the health benefits of carp
• Growing investments in aquaculture across economies

Market Restraints

• Fluctuating price of carp affecting consumption

Market Opportunities

• Potential production of organic fertilizers from carp
• Continuous improvements in cold-chain technologies and distribution channels

Market Challenges

• Availability of alternatives and substitute products

Market Segmentation Analysis

• Type: Rising preference for bighead carp variety for high-protein content
• Sales Channel: Increasing convenience due to online retail channels

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Carp Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Carp Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Expansion of Aquaculture in Saudi Arabia, NEOM and Tabuk Fisheries Launch Topian Aquaculture

In a significant development for Saudi Arabia's aquaculture sector, NEOM has partnered with Tabuk Fisheries to create Topian Aquaculture, set to host the largest hatchery in the MENA region. This strategic move underscores both entities' commitment to integrating innovative aquaculture technologies, enhancing the local supply of fresh, nutritious seafood, and contributing to Saudi Arabia's self-sufficiency in food production.

Expansion of Kingfish Company's Dutch Yellowtail Production in Zeeland

The Kingfish Company is set to enhance its Dutch Yellowtail fish farming operations in Zeeland, following an increase in funding, encompassing the construction of a new pumping station and an additional nursery under the project's second phase. The company, which received initial support from Impuls Zeeland and other local agencies, leverages controlled breeding environments to sustainably manage the life cycle of the fish, starting from larvae. This strategic scale-up aims to bolster production to meet rising market demand, steering the company towards operational profitability.

Enhancing Indonesia's Fisheries, Smart Fisheries Village Initiative

In Indonesia, the vital role of small-scale and traditional fishers in national fish production is being recognised and supported through the government's expansion of the Smart Fisheries Village (SFV) program. With the fisheries sector employing around 12 million people and contributing significantly to its status as one of the significant marine producers, this initiative seeks to improve productivity, sustainability, and the socioeconomic well-being of fishing communities.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Carp Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Carp Market, highlighting leading vendors and their innovative profiles. These include Baiyang Investment Group Inc., Coarse Fish UK, Dahu Aquaculture, Fishing Adventure, Greenwater Fish Farm, Hampshire Carp Hatcheries, MaxiFish LLC, Priory Fishery Ltd., Quintons Orchard Fish Farm, VS Fisheries, and Zhangzidao Group.

Market Segmentation & Coverage

This research report categorizes the Carp Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Bighead Carp
• Common Carp
• Crucian Carp
• Grass Carp
• Silver Carp
• Form
• Canned
• Fresh
• Frozen
• Sales Channel
• Aquaculture Farms
• Fish Processing Companies
• Local Fish Markets
• Online Retailers
• Supermarkets & Grocery Stores

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year