Global Ornamental Fish Market, By Product Type (Tropical Freshwater, Temperate, and Marine), Application (Residential and Commercial), Point Of Sale (Dedicated Stores, Multi-Specialty Stores, Online, and Others) - Industry Trends and Forecast to 2030.
Ornamental Fish Market Analysis and Size
The consumer’s preference in luxury lifestyle and increase in disposable income, the growing awareness about psychological advantages of keeping ornamental fishes at homes as keeping ornamental fish can reduce stress and provide home comfort, further driving a large number of people to purchase these types of ornamental fishes are also the growth determinants that are projected to bolster the market’s growth within the forecasted period of 2023 to 20230. Various companies are offering ornamental species with an aquarium of various types of shapes including rimless, half land half water, pentagon, square and hexagon to basically match the interior decors and improve the aesthetics, further pushing the growth of the market. Moreover, the rising prohibitions on keeping cats and dogs as pets in high rise apartments and emergence of cross breeding of exotic aqua species and the growing trend of fish keeping also accelerates the demand for global ornamental fish market during the forecast period of 2023 to 2030.
The Ornamental Fish market is expected to gain market growth in the forecast period of 2023 to 2030.
Data Bridge Market Research analyses the global ornament fish market which was USD 5.76 million in 2022, is expected to reach USD 9.46 million by 2030 growing at a CAGR of 6.4% during the forecasted period of 2023 to 2030. "Tropical Freshwater" dominates the global ornamental fish market due to the tropical freshwater fish are popular among hobbyists due to their vibrant colours, ease of care, and wide variety, making them a top choice for aquarium enthusiasts around the world. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Ornamental Fish Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021(Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Tropical Freshwater, Temperate, and Marine), Application (Residential and Commercial), Point Of Sale (Dedicated Stores, Multi-Specialty Stores, Online, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Aqua Nautic (Germany), AlgaeBarn, LLC (U.S.), bioAquatiX (U.S.), Imperial Tropicals (U.S.), qianhufish (China), Oasis Fish Farm (U.S.), Sagar Fish Aquarium (India), sanyoaqm (China), SRS Enterprise (India), Sundarban Fresh and Modern Pet Centre (India)
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Market Opportunities
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Market Definition.
Ornamental fishes are colourful, attractive fish kept as pets in home aquariums or elsewhere for aesthetic reasons. There are many different species of fish, all with different sizes, colours, and shapes. Barbs, loaches, and danios are just a few instances of popular ornamental fish. These fishes are kept in aquariums for the purpose of decoration or aesthetics in the home. They are of different types such as the tropical freshwater, temperate and marine.
Global Ornamental Fish Market dynamics
Drivers
- Increasing in the Ownership of Pets
The rising trend of pet ownership, particularly among urban populations, is a significant driver for the global ornamental fish market. As people seek companionship and stress relief, ornamental fish serve as low-maintenance pets that require less space and attention compared to traditional pets such as dogs or cats. This growing affinity for ornamental fish fuels demand.
- Aquarium Culture becoming Hobbyist
The flourishing culture of aquarium enthusiasts and hobbyists worldwide plays a pivotal role in driving the global ornamental fish market. This community values the aesthetic appeal of ornamental fish and invests in diverse fish species and high-quality aquarium equipment. Their passion drives innovation, creating opportunities for unique breeds and specialty markets.
Opportunities
- Expansion of E-commerce Market
The proliferation of e-commerce platforms offers a significant opportunity for the ornamental fish market. Online retailers provide access to a vast customer base and allow customers to conveniently browse, select, and purchase fish and aquarium supplies. This trend enables businesses to reach a global audience and promote rare or exotic fish breeds.
- Sustainable and Eco-Friendly Practices
Sustainable and eco-friendly practices present a substantial opportunity in the ornamental fish market. As consumers become more conscious of environmental impacts, businesses adopting responsible breeding and aquaculture practices can attract a growing segment of eco-conscious buyers. Certification programs and ethical sourcing can differentiate brands in this competitive market.
Restraints/Challenges
- Stringent Regulatory Measures
The ornamental fish industry faces challenges related to regulatory compliance. Governments worldwide are implementing stricter regulations to prevent the spread of diseases and protect native aquatic ecosystems. Meeting these compliance requirements can be costly and time-consuming, particularly for small-scale breeders.
- Health Concerns and Disease Outbreaks
Disease outbreaks among ornamental fish can significantly impact the market. High-density breeding facilities and international trade networks make ornamental fish susceptible to contagious diseases. Managing disease risks and maintaining the health of fish populations is a constant challenge for industry stakeholders, requiring ongoing investments in research and disease prevention.
This global ornamental fish market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global ornamental fish market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ornamental Fish Market Scope
The global ornamental fish market is segmented on the basis of product type, application and point of sale. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Tropical Freshwater
- Temperate
- Marine
Application
- Residential
- Commercial
Point of sale
- Dedicated Stores
- Multi-Specialty Stores
- Online
- Others
Global Ornamental Fish Market Regional Analysis/insights
The global ornamental fish market is analysed and market size insights and trends are provided by country, product type, application and end use as referenced above.
The countries covered in the ornamental fish market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
Europe dominates the global ornamental fish market owing to the consumer’s preference for spending leisure time with pets and adoption of fish keeping as a stress relieving treatment within the region in the forecast period of 2023 to 2030.
Asia-Pacific region, is expected to score the highest CAGR in the global ornamental fish market during the forecasted period of 2023 to 2030, due to owing to the increase in investment in home décor products and disposable income along with improvement of tourism infrastructure at the domestic level which is further expected to increase the establishment of new hotels and restaurants leading to promotion of ornamental fishes for decorative purposes.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Ornamental Fish Market Share Analysis
The global ornamental fish market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to global ornamental fish market.
Some of the major players operating in the global ornamental fish market are:
- Aqua Nautic (Germany)
- AlgaeBarn, LLC (U.S.)
- bioAquatiX (U.S.)
- Imperial Tropicals (U.S.)
- qianhufish (China)
- Oasis Fish Farm (U.S.)
- Sagar Fish Aquarium (India)
- sanyoaqm (China)
- SRS Enterprise (India)
- Sundarban Fresh and Modern Pet Centre (India)
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