Carp

Carp

Global Carp Market to Reach US$137.7 Billion by 2030

The global market for Carp estimated at US$106.5 Billion in the year 2023, is expected to reach US$137.7 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030. Grass Carp, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$34.8 Billion by the end of the analysis period. Growth in the Silver Carp segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$29.0 Billion While China is Forecast to Grow at 7.1% CAGR

The Carp market in the U.S. is estimated at US$29.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.9 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 2.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.0% CAGR.

Global Carp Market - Key Trends and Drivers Summarized

How Are Carp Shaping Aquaculture and Ecosystems Globally?

Carp, a versatile and hardy fish species, are playing a significant role in global aquaculture and ecosystem management. As one of the most widely farmed fish in the world, carp are a staple in the diets of many cultures, particularly in Asia and Europe. Their ability to thrive in various water conditions and their high growth rates make them an ideal choice for aquaculture, providing a reliable source of protein that supports food security. In addition to their role in food production, carp are also used in some regions for the biological management of aquatic ecosystems. They help control aquatic vegetation and improve water quality by consuming algae and other plant materials. However, their introduction into non-native environments has sometimes led to ecological challenges, as carp can become invasive, disrupting local ecosystems and outcompeting native species. Thus, while carp are invaluable in many contexts, their management must be carefully considered to balance their benefits with potential ecological impacts.

What Innovations Are Enhancing Carp Farming and Management?

Innovations in carp farming and management are enhancing productivity and sustainability through advancements in breeding, feed technology, and environmental management. Selective breeding programs have been developed to produce carp strains that are more resistant to disease, grow faster, and have improved flesh quality, making them more desirable in the marketplace. Advances in feed technology have also played a crucial role, with the development of nutritionally balanced, sustainable feed options that reduce reliance on wild-caught fishmeal, lowering the environmental impact of carp farming. Additionally, integrated multi-trophic aquaculture (IMTA) systems are being explored, where carp are farmed alongside other species like plants or shellfish, which can utilize the waste produced by carp, thereby enhancing overall system efficiency and sustainability. Innovations in water quality monitoring and management are also helping farmers maintain optimal conditions for carp growth, reducing mortality rates and improving yields.

How Do Carp Impact Aquaculture Sustainability and Food Security?

Carp significantly impact aquaculture sustainability and food security by providing a high-yield, low-cost protein source that can be farmed in a variety of environmental conditions. Their adaptability and efficient feed conversion rates make them one of the most resource-efficient species to farm, contributing to more sustainable food production systems. Carp farming requires relatively low inputs, which means that it can be practiced even in resource-limited areas, supporting local economies and enhancing food security. Moreover, carp farming often utilizes ponds and other water bodies that might not be suitable for other types of agriculture, making it a productive use of otherwise marginal lands. However, the sustainability of carp farming also depends on careful management practices to avoid issues such as water pollution and the potential for carp to become invasive in non-native environments. When managed responsibly, carp farming can play a key role in meeting the protein needs of a growing global population while minimizing environmental impact.

What Trends Are Driving Growth in the Global Carp Market?

Several trends are driving growth in the global carp market, including the rising demand for affordable and sustainable protein sources, the expansion of aquaculture in developing regions, and the increasing emphasis on aquaculture`s environmental sustainability. As global populations grow and the demand for protein increases, carp are becoming increasingly important as a cost-effective and sustainable source of food, particularly in regions where other protein sources may be less accessible or more expensive. The expansion of aquaculture in Asia, Africa, and Eastern Europe is also contributing to the growth of the carp market, as these regions have traditionally relied on carp as a key food source. Additionally, as the global aquaculture industry moves towards more sustainable practices, carp are being highlighted for their lower environmental impact compared to other farmed species, such as shrimp or salmon. These trends underscore the growing recognition of carp as a crucial element in the global food system, both for their economic value and their role in promoting sustainable aquaculture practices.

Select Competitors (Total 51 Featured) -

• Anand Krishi Khamar
• Baitworks Ltd.
• Carp Company
• Coarse Fish UK
• Greenhill Fishery
• Greenwater Fish Farm
• Hampshire Carp Hatcheries
• Malhar Fish Enterprises
• Priory Fishery Ltd.
• Quintons Orchard Fish Farm
• VS Fisheries Ltd.;

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