Global Ornamental Fish Market

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

Report ID: SQMIG25J2041 | Region: Global | Published Date: April, 2024
Pages: 242 | Tables: 62 | Figures: 75

Ornamental Fish Market News

  • In Aug 2022, Cooke Acquired Belgian Shrimp Processor Morubel From Bencis. Morubel distributes its market-leading organic and frozen products to retail, foodservice and food industry customers across Europe in Spain, Portugal, Germany, Belgium, the Netherlands, Luxembourg, Italy, and France.
  • In Aug 2022, Nano aquaria announced that it will help increase household income of women entrepreneurs.
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Ornamental Fish Market size was valued at USD 5.42 billion in 2019 and is poised to grow from USD 5.88 billion in 2023 to USD 11.68 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

The Global ornamental fish market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Guangzhou Fischer Chemical Co., Ltd.', 'Liuji Aquatic Products Co., Ltd.', 'Coral Sea Fish Co., Ltd.', 'Atabey Aquatic Inc.', 'Blue Ridge Fish Hatchery', 'Qian Hu Corporation Limited', 'Florida Tropical Fish Direct', 'Sea Dwelling Creatures, Inc.', 'Quality Marine', 'Blue Zoo Aquatics', 'Fincasters', 'Segrest Farms', 'Aquatropic', 'Imperial Tropicals', 'Cebu Tropical Reef Life Aquarium, Inc.', 'Tropical Fish International', 'Aqua Leisure International', 'Koi Acres', 'Zoological Imports', 'OATA (Ornamental Aquatic Trade Association)'

Stress and anxiety are reduced by seeing fish in action. The advantages of caring for fish may reduce stress while also promoting relaxation. One of the environmental sounds that most people find soothing is the sound of running water. The sounds of rivers, rainstorms, and ocean waves are examples of other types of music that can help the mind unwind. Due to the characteristics of this water sound, some people favour fishing in rivers. Instead of catching fish, they can enjoy the melodies and the surrounding beauty. On the other hand, those who tend to fish in aquariums might be more delighted to add a calming effect to the home. Because watching fish swim reduces anxiety and stress after the aquarium has been decorated with rocks and plants.

As water naturally evaporates off the surface, auto top-off systems replenish the water level in your tank by pumping more water into it. This aids in stabilising your tank's salinity. The smaller the auto top-off sensors, the better for aquarium enthusiasts. Large, awkward, and clumsy sensors can be ugly.

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.

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Global Ornamental Fish Market

Report ID: SQMIG25J2041

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