Carp Market Size, Share, Growth Analysis, By Type(Fish Meal and Fish Oil), By Distribution Channel(Offline retail and Online retail), By Region - Industry Forecast 2024-2031

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.