Global Ornamental Fish Market growing at a CAGR of 5.4% from 2023 to 2031
Category : Consumer Goods | Published Date : Jun 2024 | Type : Press Release
Ornamental Fish Market Scope & Overview :
Ornamental Fish are fish kept in aquariums at residential and commercial places for their attractive and aesthetic appearance. They're entertaining, and add value to peoples' life. Watching them has a calming effect and increases positivity.
Consegic Business Intelligence analyzes that the Global Ornamental Fish Market size was valued at USD 5,985 Million in 2022, projected to grow by USD 6,297.92 Million in 2023, and is expected to register a CAGR of 5.4% to reach USD 9,558.83 Million by 2031.
This report comprises Ornamental Fish Market Share, Size & Industry Analysis, By Type (Molly Fish, Goldfish, Angel Fish, Danio, Guppy, and Others), By Habitat Type (Freshwater, Brackishwater, and Saltwater), By End-User (Residential and Commercial), By Distribution Channel (Online (Company Websites and E-commerce Websites) and Offline (Speciality Stores, Fish Breeding Farms, and Others)), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
This report contains detailed information on Ornamental Fish Market Opportunities, Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
According to the report analysis, ornamental fish are valued for promoting calmness, reducing stress, and enhancing positivity. They're popular as pets for their positive companionship benefits and low-contact nature, appealing to those concerned about pets transmitting diseases.
Segmental Analysis :
The Ornamental Fish Market is segmented based on type, habitat type, end user, distribution channel, and region.
Based on type, the market is divided into Molly fish, Goldfish, Angelfish, Danio, Guppy, and Others.
- The goldfish segment accounted for the highest market share in 2022, at 29.35% and is also expected to witness the fastest CAGR from 2023 to 2031, as they are affordable, attractive, aesthetics and have a life span of about 6-8 years.
Based on habitat type, the market is trifurcated into freshwater, brackish water, and saltwater.
- In 2022, the freshwater segment held the highest market share and is also predicted to register the fastest CAGR over the forecasted years. Freshwater is ideal for ornamental fish as it provides favourable conditions for their survival. It also helps prevent the growth of harmful bacteria.
Based on end-user, the market is bifurcated into residential and commercial.
- In 2022, the residential segment accounted for the highest market share due to the health benefits of ornamental fishes, such as stress reduction, and mood improvement and their growing demand in young and old generations.
- Over the forecasted years, the commercial segment is expected to witness the fastest CAGR, due to their wide applications in educational aquariums, waiting rooms, lobbies, and other public areas.
By distribution channel, the market is segregated into online (company websites and e-commerce websites) and offline (speciality stores, fish breeding farms, and others).
- The offline segment held the highest market share in 2022, due to the variety of fish available in the specialty stores, fish breeding farms, and others.
- During the forecast period, the online segment is expected to register the fastest CAGR due to growing convenience and wide selection ranges available online.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- The European region contributed the highest market share of 35.13% in 2022 valued at USD 2,102.53 Million in 2022 and is expected to reach over USD 3,369.49 Million by 2031. Germany accounted for the largest market share of 28.75% in 2022, due to rising awareness of sustainable fishing practices.
- During the forecasted period, the Asia Pacific region is anticipated to grow at the fastest CAGR of 5.8% due to the relatively high disposable incomes of the large population.
| 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) |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Ornamental Fish Industry :
- 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
Recent Industry Developments :
- In June 2023, Sagar Fish Aquarium launched an online store to sell fish, aquarium supplies and other products increasing inconvenience for people who live in remote locations.
