Ornamental Fish Market by Product (Tropical Freshwater, Temperate, Marine), Application (Household, Commercial), and Region 2024-2032

Ornamental Fish Market by Product (Tropical Freshwater, Temperate, Marine), Application (Household, Commercial), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A7298
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Market Overview:

The global ornamental fish market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.06% during 2024-2032. The rising demand for ornamental fish among households, the development of advanced aquariums, and the introduction of genetic engineering technology represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.2 Billion
Market Forecast in 2032
US$ 11.5 Billion
Market Growth Rate 2024-2032 7.06%


Ornamental fish refers to marine animals that are kept and raised in aquariums, ponds, and other aquatic enclosures for their aesthetic value. It includes goldfish, guppies, angelfish, tetras, discus, koi, cichlids, rainbow fish, swordtails, Corydoras, plecos, loaches, and killifish. These fish species are selectively bred for their vibrant colors, unique appearances, intricate patterns, and playful and social behaviors. They are widely used for decorative, educational, and therapeutic purposes in households, public aquariums, fountains, water gardens, schools, offices, hotels, restaurants, hospitals, and nursing homes. Ornamental fish aids in creating a calming, peaceful, and soothing environment that promotes relaxation, uplifts mood, improves sleep quality and reduces stress, depression, and anxiety. It also assists in scientific research and provides valuable insight into the behavior, genetics, and diseases associated with marine animals.

Ornamental Fish Market

Ornamental Fish Market Trends:

The rising demand for ornamental fish among households due to its visual appeal, cost-effectiveness, and low maintenance is one of the key factors driving the market growth. In line with this, the increasing consumer awareness regarding various health benefits of keeping ornamental fish as pets, such as lowering blood pressure, improving sleep, uplifting mood, boosting mental health, and reducing loneliness, stress, anxiety, and depression, is acting as another growth-inducing factor. Furthermore, the widespread adoption of ornamental fish in various hospitality spaces, such as hotels, restaurants, cafes, and spas, to improve the guest experience and create a welcoming, peaceful, and relaxing environment is providing an impetus to the market growth. Additionally, the introduction of genetic engineering technology to create ornamental fish with improved disease resistance, enhanced coloration, modified traits, and glow-in-the-dark capabilities are positively influencing the market growth. Besides this, the recent development of advanced aquariums that are equipped with automated feeding systems and water quality monitors, which aid owners in maintaining a healthy and vibrant environment for ornamental fish, is creating a positive outlook for the market growth. Moreover, the increasing utilization of ornamental fish in educational institutions to raise environmental awareness and teach students about the importance of aquatic ecosystems and the protection of natural habitats is propelling the market growth. Other factors, including rising expenditure capacities of consumers, easy availability of ornamental fish across e-commerce platforms, and the growing demand for exotic fish species, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global ornamental fish market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product and application.

Product Insights:

Ornamental Fish Market By Product

  • Tropical Freshwater
  • Temperate
  • Marine
     

The report has provided a detailed breakup and analysis of the ornamental fish market based on the product. This includes tropical freshwater, temperate, and marine. According to the report, tropical freshwater represented the largest segment.

Application Insights:

  • Household
  • Commercial
     

A detailed breakup and analysis of the ornamental fish market based on the application has also been provided in the report. This includes household and commercial. According to the report, household accounted for the largest market share.

Regional Insights:

Ornamental Fish Market By Region

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for ornamental fish. Some of the factors driving the Europe ornamental fish market included rising expenditure capacities of consumers, increasing health consciousness, and various technological advancements.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global ornamental fish market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aqua-Nautic Specialist Pte Ltd., bioAquatiX, Imperial Tropicals, Qian Hu Corporation Limited, Sanyo Aquarium (Pte) Ltd., Sunbeam Aquarium Pte Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Products Covered Tropical Freshwater, Temperate, Marine
Applications Covered Household, Commercial
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aqua-Nautic Specialist Pte Ltd., bioAquatiX, Imperial Tropicals, Qian Hu Corporation Limited, Sanyo Aquarium (Pte) Ltd., Sunbeam Aquarium Pte Ltd., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global ornamental fish market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global ornamental fish market?
  • What is the impact of each driver, restraint, and opportunity on the global ornamental fish market?
  • What are the key regional markets?
  • Which countries represent the most attractive ornamental fish market?
  • What is the breakup of the market based on the product?
  • Which is the most attractive product in the ornamental fish market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the ornamental fish market?
  • What is the competitive structure of the global ornamental fish market?
  • Who are the key players/companies in the global ornamental fish market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ornamental fish market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global ornamental fish market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ornamental fish industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Ornamental Fish Market by Product (Tropical Freshwater, Temperate, Marine), Application (Household, Commercial), and Region 2024-2032
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