All updated as on -
From 2024–2031, the worldwide ornamental fish industry is predicted to increase from an initial 2023 valuation of $5.98B at a CAGR (compound annual growth rate) of 10.5%.
One of the most important factors that will likely keep the market growing is the increasing demand for colorful aquarium decorative fish among millennials, who are known for their luxurious lifestyle. As people seek out accent items to showcase in their rooms, the industry is experiencing growth thanks to the increasing developments in aquariums with improved designs. Aquascaping and planted tanks are two other fads that have been around for some time but are continuously growing in popularity.
The millennial generation's penchant for colorful ornamental fish as an accessory to affluent lifestyles is expected to drive business expansion. Ornamental fish are in high demand because they provide consumers with several benefits. Pet fish that are both tranquil and visually appealing, such betta fish (also known as Siamese fighting fish), goldfish, guppy, or cory catfish, have been shown to have a number of psychological benefits for people of all ages.
Reducing tension after a long day at the office is only one of the many benefits. Many people find that simply observing decorative aquatic species drift peacefully through the water helps them relax. Research has shown that many younger consumers are swayed by the allure of certain fish species, with many buying them just for ornamental purposes. As a result, the demand for ornamental fish has skyrocketed. Pet cams and automated filters are just two examples of the cutting-edge innovation that has boosted interest in adopting pets among consumers.
Aquariums stocked with ornamental fish are evolving into tools for personal development on all levels. The effects of being so closely connected to nature extend far beyond what one may expect, despite the fact that aquarium design is both entertaining and intriguing. More than that, the data shown above proves that being physically active in nature helps with cognitive growth. So, watching and interacting with an aquarium enhances people's capacity to think creatively and solve issues. There are many more areas of education that can benefit greatly from home fish aquariums than just emotional development.
Observing fish in action is a great way to alleviate stress and anxiety. Taking care of fish has several benefits, one of which is the potential to alleviate tension and promote relaxation. The sound of water trickling or falling is one of the most calming natural sounds for the majority of people. Other kinds of music that can help relax the mind include river sounds, rain sounds, and ocean wave sounds. River fishing is popular among certain anglers because of the unique sound it makes. They can sit back and take in the sights and sounds instead of trying to reel in fish. On the flip side, a soothing aquarium may be more appealing to people who fish in it. Putting pebbles and plants in an aquarium makes watching fish swim a calming experience.
Economic growth is boosted by activities that involve fisheries and their ecosystems. Indirectly and directly, aquariums contribute to the economy. Direct economic activity includes the purchases of products and services made by aquariums. The beneficial impacts of aquariums on neighboring businesses, such as hotels, restaurants, and stores, are known as indirect economic activity. Increases in both federal and state revenue need higher tax rates for local governments. You can't put a price on the recreational fishing industry. Developing countries gain from the ornamental industry because they account for 60% of exports. While collectors in the Philippines face a severe lack of job opportunities, in the Brazilian state of Amazonas, this sector accounts for 60% of GDP. The capture business, however, is already providing these monetary benefits.
Fish were found to have a variety of dangerous diseases. Aeromonas, Pseudomonas, Staphylococcus, and many more fish-borne bacteria are pathogenic to humans as well. Antibiotic resistance, according to Miller-Morgan, has been an increasing concern for a while. It is possible that antibiotics will become ineffective altogether or partially as a result of the nature of the resistance. He went on to say that there have been rare reports of diseases being transmitted from fish to people. He warned that people with weaker immune systems should be extra cautious and consult their doctors about tropical fish management.
Report Coverage
Global Ornamental Fish research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ornamental Fish report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ornamental Fish competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ornamental Fish market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ornamental Fish market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ornamental Fish market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aqua Nautic (Germany), AlgaeBarn, LLC (U.S.), bioAquatiX (U.S.), Imperial Tropicals (U.S.), qianhufish (China), Oasis Fish Farm (U.S.), Sagar Fish Aquarium (India), sanyoaqm (China), SRS Enterprise (India), Sundarban Fresh and Modern Pet Centre (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Ornamental Fish market based on the below-mentioned segments:
Global Ornamental Fish Market, By Product Type
Tropical Freshwater
Temperate
Marine
Global Ornamental Fish market, By Application
Residential
Commercial
Global Ornamental Fish Market, By Point of sale
Dedicated Stores
Multi-Specialty Stores
Online
Others
Global Ornamental Fish market, Regional Analysis
One of the most important factors that will likely keep the market growing is the increasing demand for colorful aquarium decorative fish among millennials, who are known for their luxurious lifestyle. As people seek out accent items to showcase in their rooms, the industry is experiencing growth thanks to the increasing developments in aquariums with improved designs. Aquascaping and planted tanks are two other fads that have been around for some time but are continuously growing in popularity.
The millennial generation's penchant for colorful ornamental fish as an accessory to affluent lifestyles is expected to drive business expansion. Ornamental fish are in high demand because they provide consumers with several benefits. Pet fish that are both tranquil and visually appealing, such betta fish (also known as Siamese fighting fish), goldfish, guppy, or cory catfish, have been shown to have a number of psychological benefits for people of all ages.
Reducing tension after a long day at the office is only one of the many benefits. Many people find that simply observing decorative aquatic species drift peacefully through the water helps them relax. Research has shown that many younger consumers are swayed by the allure of certain fish species, with many buying them just for ornamental purposes. As a result, the demand for ornamental fish has skyrocketed. Pet cams and automated filters are just two examples of the cutting-edge innovation that has boosted interest in adopting pets among consumers.
Aquariums stocked with ornamental fish are evolving into tools for personal development on all levels. The effects of being so closely connected to nature extend far beyond what one may expect, despite the fact that aquarium design is both entertaining and intriguing. More than that, the data shown above proves that being physically active in nature helps with cognitive growth. So, watching and interacting with an aquarium enhances people's capacity to think creatively and solve issues. There are many more areas of education that can benefit greatly from home fish aquariums than just emotional development.
Observing fish in action is a great way to alleviate stress and anxiety. Taking care of fish has several benefits, one of which is the potential to alleviate tension and promote relaxation. The sound of water trickling or falling is one of the most calming natural sounds for the majority of people. Other kinds of music that can help relax the mind include river sounds, rain sounds, and ocean wave sounds. River fishing is popular among certain anglers because of the unique sound it makes. They can sit back and take in the sights and sounds instead of trying to reel in fish. On the flip side, a soothing aquarium may be more appealing to people who fish in it. Putting pebbles and plants in an aquarium makes watching fish swim a calming experience.
Economic growth is boosted by activities that involve fisheries and their ecosystems. Indirectly and directly, aquariums contribute to the economy. Direct economic activity includes the purchases of products and services made by aquariums. The beneficial impacts of aquariums on neighboring businesses, such as hotels, restaurants, and stores, are known as indirect economic activity. Increases in both federal and state revenue need higher tax rates for local governments. You can't put a price on the recreational fishing industry. Developing countries gain from the ornamental industry because they account for 60% of exports. While collectors in the Philippines face a severe lack of job opportunities, in the Brazilian state of Amazonas, this sector accounts for 60% of GDP. The capture business, however, is already providing these monetary benefits.
Fish were found to have a variety of dangerous diseases. Aeromonas, Pseudomonas, Staphylococcus, and many more fish-borne bacteria are pathogenic to humans as well. Antibiotic resistance, according to Miller-Morgan, has been an increasing concern for a while. It is possible that antibiotics will become ineffective altogether or partially as a result of the nature of the resistance. He went on to say that there have been rare reports of diseases being transmitted from fish to people. He warned that people with weaker immune systems should be extra cautious and consult their doctors about tropical fish management.
Report Coverage
Global Ornamental Fish research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ornamental Fish report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ornamental Fish competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ornamental Fish market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Aqua Nautic (Germany), AlgaeBarn, LLC (U.S.), bioAquatiX (U.S.), Imperial Tropicals (U.S.), qianhufish (China), Oasis Fish Farm (U.S.), Sagar Fish Aquarium (India), sanyoaqm (China), SRS Enterprise (India), Sundarban Fresh and Modern Pet Centre (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Ornamental Fish Market from 2021 to 2031.
- Market Forecast for Ornamental Fish Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Ornamental Fish competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Ornamental Fish
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ornamental Fish market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ornamental Fish market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aqua Nautic (Germany), AlgaeBarn, LLC (U.S.), bioAquatiX (U.S.), Imperial Tropicals (U.S.), qianhufish (China), Oasis Fish Farm (U.S.), Sagar Fish Aquarium (India), sanyoaqm (China), SRS Enterprise (India), Sundarban Fresh and Modern Pet Centre (India)
Primary Target Market
- Market Players of Ornamental Fish
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Ornamental Fish market based on the below-mentioned segments:
Global Ornamental Fish Market, By Product Type
Tropical Freshwater
Temperate
Marine
Global Ornamental Fish market, By Application
Residential
Commercial
Global Ornamental Fish Market, By Point of sale
Dedicated Stores
Multi-Specialty Stores
Online
Others
Global Ornamental Fish market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive ornamental fish market market research and competitor analysis for your business to help you develop more profound insights into the ornamental fish market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the ornamental fish market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.