DUBLIN--(BUSINESS WIRE)--The "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, Others), By Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Ornamental Fish Market was valued USD 6,800 Million in 2019 and is forecast to reach USD 11,336.47 Million by 2025, growing at a CAGR of over 10% through 2025.
Anticipated growth in the market can be attributed to changing lifestyle and growing preference of millennials in keeping aquariums as home decor items. With increasing disposable income, consumers are willing to spend on colorful attractive fishes to be kept in their home aquarium. Further, various scientific studies reveal that the use of ornamental fishes in household aquariums provides psychological advantages to the house members and hence the market is witnessing an increasing demand for ornamental fishes. Aquariums are also said to help in reducing stress and provide calm effect on the members of the house.
The inclination towards luxury lifestyle is also aiding the growth of ornamental fish market. The consumers are preferring buying colorful species of these ornamental fishes as their pet. Also, increasing prohibitions on keeping pets such as dogs and cats in high rise apartments is expected to fuel the demand for ornamental fishes in the coming years. The introduction and breeding of exotic species and growing interest in fish keeping are also some other driving factors for ornamental fishes' market growth.
The Global Ornamental Fish Market is segmented based on type, application, point of sale and region. Based on type, the market is segmented into tropical fresh water, temperate fresh water and marine ornamentals. The tropical freshwater fish species dominated the global market in 2019 with share of 58.27% and the segment is expected to undergo the highest growth during the forecast period as they are easy to take care of and come in various attractive colors. Also, new beginner aquarium owners prefer to keep tropical freshwater fishes owing to its convenience.
Based on application, the Global Ornamental Fish Market is segmented into residential and commercial. The residential segment currently dominates the global market as large number of urban populations prefer to keep pets in their home. However, the commercial segment is expected to undergo the highest growth by 2025 owing to the increasing adoption aquariums as attractive decoration item at hotels, restaurants and shopping malls and complexes.
Companies Mentioned
- 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.
- Sagar Fish Aquarium
Objective of the Study:
- To analyze and estimate the market size of the Global Ornamental Fish Market from 2015 to 2018.
- To estimate and forecast the market size of the Global Ornamental Fish Market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast the Global Ornamental Fish Market based on type, application, point of sale, company and regional distribution.
- To identify dominant region or segment in the Global Ornamental Fish Market.
- To identify drivers and challenges for the Global Ornamental Fish Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Ornamental Fish Market.
- To conduct pricing analysis for the Global Ornamental Fish Market.
- To identify and analyze the profile of leading players operating in the Global Ornamental Fish Market.
- To identify key sustainable strategies adopted by market players in the Global Ornamental Fish Market.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Ornamental Fish Market
4. Executive Summary
5. Global Ornamental Fish Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Tropical Fresh Water, Temperate Fresh Water, Marine Ornamentals)
5.2.2. By Application (Residential, Commercial)
5.2.3. By Point of Sale (Dedicated Stores, Multi-Specialty stores, Online, Others)
5.2.4. By Region (Asia-Pacific, North America, Europe, South America, MEA)
5.2.5. By Company (2019)
5.3. Market Attractiveness Index
6. Asia-Pacific Ornamental Fish Market Outlook
6.1. Market Size & Forecast
6.2. Market Share & Forecast
6.3. Pricing Analysis
6.4. Asia-Pacific: Country Analysis
7. Europe Ornamental Fish Market Outlook
8. North America Ornamental Fish Market Outlook
9. South America Ornamental Fish Market Outlook
10. Middle East and Africa Ornamental Fish Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
14. Strategic Recommendations
15. About Us & Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/fm32j7
