The global carp products market was valued at USD XX billion in 2022 and is projected to expand at a CAGR of XX% from 2023 to 2030. Carp are one of the most important fish species in the world, with over XX billion tons of carp products being produced each year. Carp are found in freshwater lakes, ponds, and rivers, and can be farmed or wild caught. Carp are high in protein and are a rich source of essential minerals, vitamins, and fatty acids.

Carp products are an important part of many regional cuisines, and carp are also used for ornamental purposes. The demand for carp products is increasing due to the rising popularity of carp as an ingredient in various cuisines. The growing awareness about the health benefits associated with carp products is also driving the market growth. As a result, manufacturers are developing various products such as carp fillets, carp meat, smoked carp, and carp oil.

In addition, carp are used extensively in fish feed, with the demand for carp feed increasing due to the rising demand for fish production. Furthermore, the development of new technologies such as hydroponic and aquaponic systems is expected to drive the demand for carp products in the coming years. The growing demand for carp products in the feed additives and pet food industry is expected to propel the market growth in the near future.

Furthermore, the increasing prevalence of diseases such as cancer and heart diseases is propelling the demand for carp products as they are a rich source of omega-3 fatty acids. Furthermore, the increasing demand for carp products in the pharmaceutical industry is another factor driving the market growth. The use of carp products in the cosmetics industry is also fueling the market growth as carp oil is known to have moisturizing and nourishing properties.

Moreover, the presence of regional carp products markets in countries such as China, Japan, and India is also driving the market for carp products. The growing demand for carp products in the traditional medicine industry is another factor driving the market growth. Furthermore, the increasing awareness of carp products in the food industry is expected to fuel the market growth in the coming years.

The carpets segment led the market and accounted for a share of around 45.7% in 2021. Increasing demand for carpets in residential applications is a key factor driving the growth of the market. Growing awareness about interior decoration and rising home renovation activities are further bolstering the market growth. According to a report published by The Guardian, in April 2020, around 17.7 million Brits redecorated their homes in 2019. In addition, rising demand for carpets for commercial purposes such as hotels, offices, and malls is also contributing to the growth of the market.

The rugs segment is expected to expand at the fastest CAGR of 5.6% over the forecast period. Increasing demand for rugs due to their low cost, easy installation, and various design options are driving the market growth. Additionally, rising fashion trends, changing lifestyle, and increasing disposable income of consumers are some of the other factors contributing to the growth of the market. Furthermore, the emergence of online platforms and rising trend of online shopping are further driving the market growth.

The carp products market is mainly driven by the retail segment which accounts for more than two-thirds of the overall market share. The retail segment is further segmented into supermarkets/hypermarkets, convenience stores, specialty stores, and others. Supermarkets/hypermarkets are expected to be the leading segment due to the wide variety of carp products available in such stores. Consumers prefer to buy carp products from supermarkets as they are easily accessible and offer a wide range of options. Moreover, the growing trend of online retailing is expected to propel the growth of the carp products market in the near future.

The online segment is anticipated to expand at the highest CAGR of 8.1% over the forecast period. The increasing penetration of the internet and rising disposable incomes are driving the online segment of the carp products market. A majority of consumers are now preferring to shop online due to the convenience and discounts offered by online retailers. Furthermore, the growing prevalence of social media and the increasing number of online stores is also expected to drive the growth of this segment.

The carp products market is segmented into carp bait, carp fishing rods, carp fishing reels, carp lines, carp hooks, carp luggage, and other products. Carp bait is further divided into boilies, pellets, groundbaits, pastes, and pop-ups. Carp fishing rods are further divided into tele rods, normal rods, and feeder rods. Carp fishing reels are further divided into fixed spool reels and centerpin reels.

The carp bait segment accounted for the largest revenue share of 46.3% in the year 2022. The growing popularity of carp fishing is driving the demand for carp bait. Carp baits are highly effective in attracting carp and hold the bait in the water for a longer time. Moreover, the innovative product launches by companies such as CC Moore are increasing the popularity of carp bait. For instance, in May 2022, CC Moore launched a new carp bait called “Nectar Fusion” that comes in two different flavors.

The carp fishing rods segment is estimated to expand at the highest CAGR of 10.6% over the forecast period. The increasing popularity of carp fishing and the rising disposable income are driving the demand for carp fishing rods. Moreover, the introduction of innovative and lightweight carp fishing rods by companies such as Daiwa and Fox have increased the demand for carp fishing rods.

Asia Pacific is expected to dominate the market during the forecast period. This can be attributed to the growing demand for carp products in countries such as India, China, and Japan. The rising demand for carp products from restaurants and hotels is also expected to contribute to the growth of the market in the region. Moreover, the presence of well-established food processing companies in the region is propelling the growth of the market.

Europe is expected to be the second-largest market for carp products during the forecast period. This is mainly due to the rising demand for carp products from countries such as the U.K., Germany, and France. The increasing demand for ready-to-eat carp products is also driving the market growth in Europe. Furthermore, the presence of well-developed infrastructure for food processing is also likely to fuel the growth of the carp products market in Europe.

In this part of the carp products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your carp products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a carp products business comes from the sale of carp products such as bait, rods, reels, and tackle. Other possible sources of revenue include sponsorship, advertising, and other services.

Projecting Expenses
In this section, all the regular expenses related to keeping the carp products business running will be described. The list of operating expenses includes wages, maintenance and repairs, utilities, insurance policies, advertising, and others. Additionally, expenses related to procurement of carp products, such as raw materials, packaging, and shipping, will also be included.

Some of the key companies operating in the carp products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Carpio launched the Carpio Plus, a new range of carp products designed to provide a longer lasting taste.

– In August 2022, Carpio launched the Carpio Xtreme, a high-quality range of carp products designed to provide superior nutritional value.

– In October 2022, Carpio launched the Carpio Super, a range of carp products designed to provide maximum nutritional value.

Some of the prominent players in the carp products market include:

– Carpio
– Carpio Plus
– Carpio Xtreme
– Carpio Super
– Carpio Gold
– Carpio Silver
– Carpio Platinum
– Carpio Diamond
– Carpio Ultimate
– Carpio Supreme

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global carp products market based on product type, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Lures
– Bait
– Lines & Leaders
– Hooks & Swivels
– Reels
– Floats
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Online
– Retail Stores
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Drivers of the Carp Products Market?
[A]: The increasing demand for carp products from end-users, such as restaurants, hotels, and other food service outlets, is one of the main drivers for the carp products market. The increasing preference for healthy and nutrient-rich food items is also a driving factor for the market. Additionally, the rising awareness about the health benefits associated with carp products is expected to drive the market during the forecast period.

[Q]: Which Regions Offer the Largest Opportunity for Sales of Carp Products?
[A]: Asia Pacific is expected to be the largest market for carp products, owing to the growing demand from countries such as China and India. The increasing disposable income and the rising awareness of the health benefits associated with carp products are some of the major drivers for the market in this region.

[Q]: What are the Opportunities for New Product Development?
[A]: Carp products manufacturers are focusing on introducing innovative products in the market. For instance, in 2018, a China-based manufacturer launched a new type of carp product containing high amounts of dietary fibers. Such product development strategies are expected to have a positive impact on the market.

[Q]: Who are the Leading Players in the Carp Products Market?
[A]: Some of the leading players in the carp products market include Charoen Pokphand Foods Public Company Limited, Danko International Group, High Liner Foods Incorporated, Maruha Nichiro Corporation, and Thai Union Group Public Company Limited.

[Q]: What are the Challenges Faced by the Carp Products Market?
[A]: High production costs and the lack of awareness about carp products in some regions are the major challenges faced by the market. Additionally, fluctuations in fish prices may also hamper the growth of the market.