Ornamental Fish Market Size, Share, Growth Analysis, By Product(Tropical Freshwater, Temperate, Marine), By Application(Commercial, Household), By Region - Industry Forecast 2024-2031

Europe with a 39.3% revenue share in 2021, dominated the market and is expected to keep up this trend over the forecast period. This is a result of the extensive importation of ornamental fish from Asian nations like Singapore, Thailand, and Japan to satisfy the region's enormous demand for ornamental fish. Ornamental fishes also contribute to import and export activities, as well as foreign exchange, because keeping fish is a simple and stress-relieving hobby. Additionally, the commercial sector's zoo and aquarium category is anticipated to grow faster than other segments during the forecast period. The high replacement rate of animals and equipment in zoos and aquariums is anticipated to increase the commercial segment's growth over the next few years.

Asia Pacific held the second largest position in ornamental fish market. Asia Pacific has become one of the most significant markets for ornamental fish in the world, led by China, Japan, and India. It is possible to attribute the rising demand for high-end and exotic ornamental fish to the growth of the local market. The demand for a wide range of unusual fish species has increased due to the prevalence of fish in Japanese art culture. For instance, at Hidetomo Kimura's Art Aquarium Museum 2020 exhibition in Tokyo, over 30,000 live fish came together to create a moving psychedelic piece of art. As part of the live art exhibition, more than 30,000 live fish are on display in water tanks and aquariums of every size, shape, and colour.