Global Ornamental Fish Market growing at a CAGR of 5.4% from 2023 to 2031
Category : Consumer Goods | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the ornamental fish market is predicted to grow at a compound annual growth rate of 5.4% from 2023 to 2031 and is expected to reach USD 9,558.83 million in 2031 and 6,297.92 million in 2023 which was valued at USD 5,985.00 million in 2022.
The report highlights the significant increase in the adoption of ornamental fish as pets, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the ornamental fish market.
Global Ornamental Fish Market By Overview
The ornamental fish market is bifurcated into as type, habitat type, end user, and distribution channel. Based on type, the market is segmented into molly fish, goldfish, angel fish, danio, guppy, and others. In 2022, the goldfish segment accounted for the highest market share in the ornamental fish market. The habitat type segment is bifurcated into freshwater, brackish water, and saltwater. In 2022, the freshwater segment accounted for the highest market share in the ornamental fish market. The end user segment is categorized into residential and commercial. In 2022, the residential segment accounted for the highest market share in the ornamental fish market. On the basis of distribution channel, the market is categorized into online and offline. In 2022, the offline segment accounted for the highest market share in the ornamental fish market.
Get Free SampleMarket Dynamics
Driver:
- Increasing awareness of ornamental fish among the population is fostering market growth.
- Growing demand for low contact pets to avoid infections is driving the market growth.
Restraints:
- High cost and maintenance associated with the hobby of rearing ornamental fish is limiting the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Molly Fish, Goldfish, Angel Fish, Danio, Guppy, and Others |
| By Habitat Type | Freshwater, Brackish water, and Saltwater |
| By End User | Residential and Commercial |
| By Distribution Channel | Online (Company Websites and E-commerce Websites) and Offline (Specialty Stores, Fish Breeding Farms, and Others) |
Competitive Landscape :
The market is dominated by certain major companies such as BioaquatiX, Shanghai Wanjin Ornamental Fish Farm, AlgaeBarn, among others which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the ornamental fish market is expected to witness substantial growth in the coming years due to the rise in adoption of ornamental fish as pets. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- BioaquatiX
- Shanghai Wanjin Ornamental Fish Farm
- AlgaeBarn
- Blue Ridge Koi & Goldfish
- LiveAquaria
- Hazorea Aquatics
- Sagar Fish Aquarium
- Zimmerman's Fish
- Imperial Tropicals
- Aquarium Fish Depot
- AQUA-AUTISTIC SPECIALIST PTE LTD