Technavio analyzes that the Carp Market is expected to grow at a CAGR of 6.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13.3 billion.There are various factors that contribute to the growth of the market. The consumption of carp, a popular fish species, has witnessed a significant rise due to increasing awareness regarding its health benefits. Rich in protein, omega-3 fatty acids, and vitamins, carp is an excellent choice for maintaining a balanced diet. Its low mercury content makes it a safer option compared to other fish. Moreover, carp is versatile in cooking methods, adding to its popularity among health-conscious consumers.
Grass carp, a large herbivorous freshwater fish species native to Eastern Asia, holds significant market importance as the most cultivated freshwater fish globally. The grass carp segment is projected to experience consistent growth due to increasing investments in aquaculture, particularly in developing countries like China and India. Grass carp are cost-effective, easy to cultivate, and predominantly herbivorous, making them an ideal choice for aquaculture. They can be profitably reared in irrigation canals and other freshwater bodies to control unwanted weed growth, offering environmental benefits. Grass carp are rich in nutritional value, with high protein content, making them a popular food choice. Value-added products, such as smoked grass carp, further expand market opportunities.
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Carp Market Segmentation
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The Carp Market encompasses various aspects of fish nutrition, aquaculture technology, and sustainable practices in carp farming. With a focus on healthy eating habits, this industry addresses protein deficiency and food security through innovative aquaculture development and carp breeding. Sustainability is key, with considerations for aquatic ecosystems and ethical seafood production. Carp farming businesses offer low-fat protein sources, such as grass fish food, and cater to global food demand with processed and prepared carp options. Consumers benefit from carp's health benefits, including immunity boosts and disease prevention, while farmers prioritize carp production sustainability and ethical farming practices. Temperature management is crucial for carp farming success, and ongoing research and innovation drive improvements in fish farming techniques and fish species diversity.
The global packaged foods and meats market encompasses businesses engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of the participating vendors. This market segment excludes providers of food processing machinery and those specializing in packaged beverages, including alcoholic and non-alcoholic varieties. The market's expansion will be fueled by several factors, including the health benefits linked to the consumption of minimally processed foods, such as carp, which are rich in essential nutrients like protein, calcium, and various vitamins. Additionally, carp, as a sustainable and diverse protein source, caters to the growing demand for high-calorie, muscle-building foods in protein-rich diets.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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