Growing interest of millennials in colorful ornamental fishes for the aquarium and psychological advantages associated with keeping aquarium are key factors driving the growth of global ornamental fish market.
According to TechSci Research report, “Global Ornamental Fish Market By Type (Tropical Fresh Water, Temperate Fresh Water, Marine Ornamentals), By Application (Residential, Commercial), By Point of Sale (Dedicated Stores, Multi-Specialty stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2025”, global ornamental fish market was valued USD 6800 Million in 2019 and is forecast to reach USD 11336.47 Million by 2025, growing at a CAGR of over 10% through 2025. Growth in the ornamental fish market is directly proportional to changing lifestyle of people across the globe. Increasing spending power of the consumers coupled with growing preference of millennials in keeping aquariums as a home decor item are likely to propel demand for ornamental fish in the coming years.
The use of ornamental fish in household aquariums provides psychological advantages to the house members, and hence, the trend is witnessing a rise across the globe. Aquariums also help in reducing stress after a daily hectic schedule and provide calm effect on the members of the house. These factors are expected to propel the demand for ornamental during the forecast period.
Rising interest in keeping ornamental species, coupled with the introduction of different types of exotic species with attractive colors, is a major trend in ornamental fish market that is expected to prevail in the coming years. Moreover, ornamental aqua species have a calming and tranquil effect on people who prefer to watch them glide serenely through the water, which in turn will drive the market during the forecast period.
Browse 5 market data Tables and 136 Figures spread through 178 Pages and an in-depth TOC on“Global Ornamental Fish Market”
In terms of type, global ornamental fish market is categorized into tropical fresh water, temperate fresh water and marine ornamentals. Hard candies accounted for share of 65.05% of the global Ornamental Fish market in 2019. On the other hand, compressed lozenges are expected to witness a steady growth during forecast period owing to their long-lasting ability and prolonged dissolution time of these candies, which provide long lasting relief. Tropical fresh water fish species is the major fish type in global ornamental fish market accounting for a share of around 58.27% in 2019. Guppies and Nenon Tetra are some of the examples of popular tropical fresh water fish species. Most of the species under this tropical fish water category are easy to care and available in many colors. Furthermore, new pet owners prefer to keep tropical freshwater ornamental fish due to its convenience and unique colors, which continues to propel demand for tropical fresh water fish species.
Some of the major players operating in global ornamental fish market are Aqua Nautic Specialist (ANS) Pte Ltd, Tropical Fish International Pte Ltd, Sunbean Aquarium Pte Ltd, Sanyo Aquarium (Pte) Ltd, Qian Hu Fish Farm Trading, AlgaeBarn LLC, BioAquatix.com, Imperial Tropicals, Inc., Oasis Fish Farm Co., and Sagar Fish Aquarium.
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“Europe is the largest region accounted for a share of 38.53% in the global ornamental fish market. A large number of population across the region prefers to spend their leisure time with pets, especially fish at home. Keeping ornamental fish can reduce stress and provide home comfort, which is driving a large number of people to purchase ornamental fish in Europe. It is the second most popular hobby across the region after photography. UK, Germany and France are some of the key markets in European ornamental fish market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Ornamental Fish Market By Type (Tropical Fresh Water, Temperate Fresh Water, Marine Ornamentals), By Application (Residential, Commercial), By Point of Sale (Dedicated Stores, Multi-Specialty stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global Ornamental Fish market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global Ornamental Fish market.
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