****** Ornamental Fish Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
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The ****** ornamental fish market size is projected to touch USD 8.6 billion by 2025, according to a new report by Million Insights. The market is anticipated to grow at a CAGR of 8.1% over the forecast period. Growing awareness about the importance of ornamental fishes in reducing stress level and providing an aesthetically appealing environment is attributing to the growth of the market. Further, the growing trend of the nuclear family in countries such as the U.K, U.S and Germany are supplementing the adoption of pets, which, in turn, is augmenting the market growth.
Around 68% of the households in the U.S owned a pet in 2018 as per The National Pet Owners Survey. Of them, over 2.5 million households in the country have saltwater fish and 12.5 million freshwater fish. Thus, the increasing number of fish as a pet is likely to proliferate product demand.
Tropical freshwater fishes accounted for USD 2.6 billion of the market size in 2018. Easy maintenance associated with such fishes is expected to strengthen their demand over the forecast period. These species have comparatively higher lifespan than others, thereby, gaining huge traction among consumers. Additionally, availability in a different color is attracting consumers to invest in these species.
The commercial segment is anticipated to witness a CAGR of 8.4% over the forecast duration. Growing adoption of ornamental fishes in various commercial places such as restaurants, malls, and hotels is driving the segment growth. Construction of such commercial buildings is on the rise in emerging countries such as India and China.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Ornamental Fish: Market Variables, Trends & Scope
Chapter 4 Ornamental Fish: Product Estimates & Trend Analysis
Chapter 5 Ornamental Fish: Application Estimates & Trend Analysis
Chapter 6 Ornamental Fish: End-use Estimates & Trend Analysis
Chapter 7 Ornamental Fish: Industrial End-use Estimates & Trend Analysis
Chapter 8 Ornamental Fish: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Ornamental Fish: Manufacturers Company Profiles
Top Key Players of Ornamental Fish Market:
AlgaeBarn LLC, Aqua Leisure, Florida Tropical, Captive Bred, Shanghai Wanjin, BioAquatix, Oasis Fish Farm and Aqua Nautic Specialist (ANS)
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