Global Ornamental Fish
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Ornamental Fish Market size will be USD XX billion in 2024 and is set to achieve a market size of USD XX billion by the end of 2029 growing at a CAGR of XX% from 2024 to 2029.
• The ornamental fish market will grow significantly by XX% CAGR between 2024 to 2029.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Europe dominated the market and accounted for the highest revenue of XX% in 2023 and it is projected that it will grow at a CAGR of XX% in the future.
• The report consists size of the market.
• The report includes an analysis of the regional as well as ornamental fish market key players, application areas, and market growth strategies.
• Detailed analysis of Market Drivers, Restraints, and Opportunities.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by Type |
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Market Split by Application |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ornamental Fish Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ornamental fish are marine animals that are kept and raised in aquariums, ponds, and other aquatic enclosures for aesthetic purposes. It consists of goldfish, guppies, angelfish, tetras, discus, koi, cichlids, rainbow fish, swordtails, Corydoras, plecos, loaches, and killifish. These fish are selectively bred for their bright colors, distinct appearances, intricate patterns, and playful and social behaviors. Ornamental fish have grown in importance in the commercial world, particularly as a source of foreign currency. Tanks or other aquarium systems are commonly used to keep ornamental fish. Because the fish's health is completely dependent on the keeper, water quality is critical in aquaculture. The ornamental fish market has grown dramatically over time as demand for uncommon and exotic fish species has increased. Small fish species and nano-aquariums have recently become popular. Small tanks and fish appeal to hobbyists for a variety of reasons. People find it easier to start keeping fish because they require less space, equipment, and maintenance.
The ornamental fish industry facilitates the worldwide dissemination of these aquatic species by operating through a number of channels, such as specialized breeders, wholesalers, retailers, and online platforms. In order to fulfil the desires of various client groups, breeders utilize selective breeding procedures to enhance desired qualities, resulting in a wide spectrum of distinctive and engaging fish species.
Growing interest in aqua scaping and ornamental fish is driving the Ornamental Fish Market
The market has seen a massive increase in demand for ornamental fish in recent years, and this trend does not appear to be slowing. One of the primary factors driving this expansion is a growing interest in fish farming and aquaculture. Consumers now have access to a variety of fish species thanks to improved breeding methods. Consumer spending on expensive items such as ornamental fish has also increased due to rising disposable income. The growing popularity of aquascaping as a hobby is also a result of decorative fish. The art of creating underwater aquarium landscapes, or aquascaping, has increased interest in uncommon and rare fish species. Growing consumer demand is a result of growing awareness of the health benefits of fish keeping. The increasing demand for ornamental fish is also being driven by the hospitality industry, as establishments like hotels and restaurants strive to improve the aesthetic appeal of their spaces.
Department of Fisheries announces Marine Ornamental Fish Breeding Training Program
The department in collaboration with ICAR- Central Marine fisheries Research Institutes (CMFRI) in Cochin, is set to host a three-day training program on ‘Marine Ornamental Fish Breeding’. The program is designed to give knowledge and hands on experience in hatchery technology, breeding, seed production, and rearing of common marine ornamental fishes. The high demand of Ornamental fish in the market is the only reason for conducting this type of Program.
(source https://nicobartimes.com/local-news/department-of-fisheries-announces-marine-ornamental-fish-breeding-training-program/ )
The new technological advancements in this sector, such as automated filters, heat giving machines, have increased the chances to adopt the ornamental fish even more. It's simpler than ever to set up and keep up a productive aquarium at home. For example, monitoring water chemistry in aquariums has been a persistent issue for many years. Nevertheless, modern in-tank instruments can now provide real-time readings for any parameter, including water hardness and pH levels, which simplifies the regulation of ideal circumstances. Electronic ballasts have made it possible to light a massive aquarium without having to worry about bulbs burning out or overheating.
AI Aquarium Water Changers
A German company by the name ‘StayrAI’ has launched an innovative and high-tech aquarium water charger that makes use of the wonders of AI algorithms in order to accurately automate water changes in aquariums, helping to ensure the well being of aquarium-dwelling pet fish, reducing water bills and removing the hassle from manual water changing.
(source https://www.trendhunter.com/trends/aquarium-water-changer )
Customers can also select from a variety of colors, spectrums, and intensities of bulbs. Aquarium LED lighting systems are even being developed. Filtration is another area where technology has contributed to significant aquarium advancements. The industry has seen a revolution thanks to biological filtration, and most hang-on filter systems now come with bio-wheel filters as standard equipment.
Many people who wish to keep pets in their homes or offices opt to keep ornamental fish. People like watching these colourful creatures swim in their aquariums. Nonetheless, a number of problems limit the market's potential for expansion and profitability for ornamental fish. Moving ornamental fish from one place to another requires transportation. But this strategy might cause a great deal of stress for these fragile animals, which would increase their death rates. Long-distance travel, bad water quality, and careless handling are possible problems. Around the world, ornamental fish come in a variety of varieties. If a species is indigenous to a certain region, it might not be able to survive in other environments. This restriction makes it difficult for vendors to keep a sufficient supply of the species on hand, which lowers their availability. Fish used for ornamentation are imported and exported under strict government regulations. The purpose of these laws is to protect the fish population's humanity, welfare, and legality. However, the high costs of complying with these laws make it difficult for small-scale manufacturers and sellers to compete in the market. Setting up and maintaining an aquarium involves a significant investment in equipment, accessories, and upkeep. Due to the high cost, ornamental fish are not widely adopted as hobbies, which limits the market's potential to grow.
The market of ornamental fish has the capability for rapid expansion because of several prospects. This market is driven by a number of trends, such as the growing popularity of smart aquariums, automated fishkeeping systems, and organic and eco-friendly ornamental fish farming techniques. The growing demand for rare and exotic fish species is one of the main drivers driving the ornamental fish market's growth. There is a growing consumer interest in finding new species, and they are willing to pay more for this chance. Breeders and vendors who can provide customers with unusual and exotic fish species are seeing new opportunities as a result of this trend. An important factor contributing to this market's growth is the emergence of online marketplaces for the purchase and sale of ornamental fish.
Online platforms are becoming a big player in this market as more people use the internet to find and purchase their favorite fish. Breeders and suppliers can expand their customer base and reach a larger audience with the aid of these platforms. An additional factor driving growth in the ornamental fish industry is the increasing demand for aquariums with unique themes and designs. Consumers are looking for distinctive aquariums that reflect their aesthetic preferences. Currently, there is an opportunity for fish wholesalers and breeders who can create custom aquariums for customers to benefit from this trend.
There is no doubt that the world has faced significant challenges in 2020 as a result of the COVID-19 pandemic. The ornamental fish industry has experienced mixed results; international supply chains have been severely impacted by massive reductions in international flights due to border restrictions around the globe. However, the supply chain has adapted, and despite significant increases in freight costs, fish continue to flow through the chain to major markets. While the supply chain has experienced this disruption, demand for fish appears to have increased in most markets around the world as people have turned to home-based activities during various COVID-19 social distancing and lockdown restrictions, with many industry sources reporting significant increase in sales of ornamental fish and associated products - many major players report best year ever and increases of 20 to 40%. Sri Lanka is one of the leading ornamental fish exporters globally, with total export earnings of around 15 million USD in 2019
India’s fish export likely to fall 5-10% in FY20 due to Covid-19 crisis: Government
Fish export from India, the world's largest exporting nation, is likely to decline by the 5-10% in 2019-20 due to the demand compression in wake of the Covid-19 crisis.
(source https://economictimes.indiatimes.com/news/economy/agriculture/indias-fish-export-likely-to-fall-5-10-in-fy20-due-to-covid-19-crisis-government/articleshow/76004904.cms?from=mdr )
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The ornamental fish market is quite fragmented and fiercely competitive worldwide. The main players in the market are always putting different growth strategies into practice in order to keep a competitive edge. These companies use collaborations, partnerships, mergers and acquisitions, and innovations to survive in the cutthroat industry. The main market players are also constantly focusing on R&D in order to offer industries the most efficient and cost-effective solutions. Aqua Nautic Specialist is one of the major players in the industry with an extensive network of more than 38 vendors from Asia, Africa, and South America. The company have established as a trusted supplier for quality aquatic livestock and products at competitive prices through the support of international clients and commitment to deliver the premium customer service and products via an efficient premium livestock supply chain management and ordering system.
Top Companies Market Share in Ornamental Fish Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Europe has dominated the market and accounted for the highest revenue of XX in 2023. Europe emerged as the most significant global ornamental fish market, with a 37.25% market revenue share in 2022. This is because ornamental fish are being imported on a big scale from Asian nations like Singapore, Thailand, and Japan to satisfy the region's enormous demand for visually appealing fish. Fishkeeping is a straightforward, stress-relieving hobby. Thus, ornamental fish also help import and export business and foreign exchange. Additionally, various ornamental fish are grown in Europe in nations like the Czech Republic, Spain, Israel, Belgium, and Holland. Additionally, fish production close to consumer centres is becoming more viable due to cheap shipping costs.
Asia Pacific is poised to register the fastest CAGR of about XX% over the forecast period. The region led by China, Japan, and India, emerged as one of the world’s most important marketplaces for ornamental fish. The increased demand for premium and exotic ornamental fishes might be ascribed to the regional market's expansion.
The current report Scope analyzes Ornamental Fish Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the North America Ornamental Fish Market size will be USD XX billion in 2024 and is set to achieve a market size of USD XX billion by the end of 2029 growing at a CAGR of XX% from 2024 to 2029.
According to Cognitive Market Research, the ASIA Pacific Ornamental Fish Market size will be USD XX billion in 2024 and is set to achieve a market size of USD XX billion by the end of 2029 growing at a CAGR of XX% from 2024 to 2029.
According to Cognitive Market Research, the Europe Ornamental Fish Market size will be USD XX billion in 2024 and is set to achieve a market size of USD XX billion by the end of 2029 growing at a CAGR of XX% from 2024 to 2029.
According to Cognitive Market Research, the South America Ornamental Fish Market size will be USD XX billion in 2024 and is set to achieve a market size of USD XX billion by the end of 2029 growing at a CAGR of XX% from 2024 to 2029.
According to Cognitive Market Research, the Middle East and Africa Ornamental Fish Market size will be USD XX billion in 2024 and is set to achieve a market size of USD XX billion by the end of 2029 growing at a CAGR of XX% from 2024 to 2029.
Global Ornamental Fish Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ornamental Fish Industry growth. Ornamental Fish market has been segmented with the help of its Type, Application , and others. Ornamental Fish market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The product segment is bifurcated into temperate, tropical freshwater, and marine.
The tropical freshwater segment dominated the market, with a market share of XX% in 2022. All around the world, ponds and aquariums are home to these common house pets. There are numerous species of tropical freshwater ornamental fish, and each has special traits and upkeep needs. Popular species of tropical freshwater ornamental fish include goldfish, bettas, mollies, guppies, and tetras. Because tropical freshwater ornamental fish are easy to care for and come in a wide range of colors, many new pet owners opt to keep them as pets. Many tropical freshwater fish species are relatively easy to care for and adapt well to captive environments, making them available to a wide range of hobbyists, including beginners.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ornamental Fish Industry. Request a Free Sample PDF!
The application segment of Ornamental market fish is divided into two parts one is Commercial and another is Household.
The household segment of this market is dominated. The household use of ornamental fish is on the rise as they improve the aesthetics of a residential environment. Moreover, the economic growth led household income rise in another key factor driving the demand for the ornamental fish across the countries, majorly in India, China and Brazil. New technologies are also helping the household consumers to adopt ornamental fish.
The commercial segment is also increasing which mainly focuses on increasing installations of aquariums in the hospitality sector as an aid to promoting stress relief initiatives through fish-keeping has driven the popularity of ornamental fish in the commercial sector.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
This report covers the major international players operating in the Ornamental fish market. The market is dominated by players such as AlagaeBarn LLC, Imperial Tropicals, etc. The growing concern for the environmental issue is the major plus point for this market because their high demand feature make it separate from other and will enhance on the whole ornamental market growth.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Tropical Freshwater, Temperate, Marine |
Application | Commercial, Household |
Conclusion | |
List of Competitors | AlagaeBarn LLC, Imperial Tropicals, Oasis Fish Farm, Qian Hu Corporation Limited, Tropical Fish International Pte. Ltd., Sanyo Aquarium Ltd., Sanyo Aquarium, Sunbeam Aquarium, Imperial Tropicals, Hu Corporation Limited, Aqua Nautic Specialist (ANS), Bioaquatix, Sagar Fish Aquarium |
This chapter will help you gain GLOBAL Market Analysis of Ornamental Fish. Further deep in this chapter, you will be able to review Global Ornamental Fish Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Ornamental Fish Market Trends North America Ornamental Fish Technological Road Map North America Ornamental Fish Market Drivers North America Ornamental Fish Market Restraints North America Ornamental Fish Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Conclusion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ornamental Fish market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Tropical Freshwater have a significant impact on Ornamental Fish market? |
What are the key factors affecting the Tropical Freshwater and Temperate of Ornamental Fish Market? |
What is the CAGR/Growth Rate of Commercial during the forecast period? |
By type, which segment accounted for largest share of the global Ornamental Fish Market? |
Which region is expected to dominate the global Ornamental Fish Market within the forecast period? |
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