• US: +1-408-610-2300
  • Toll Free: +1-866-831-4085
  • Login / Register
Ornamental Fish Market Size, Growth, 2025 | Global Industry Report

Ornamental Fish Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619726  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global ornamental fish market size was USD 5.0 billion in the year 2018. Millennials’ attraction towards these products coupled with growing luxurious lifestyle is attributing to the market growth. Further, as revealed by studies, the use of ornamental fishes and growing household aquarium are positively influencing the overall psychological health of people, thereby, proliferating the demand of these products.

The attractiveness of these aquarium fishes are the major factor driving their demand among consumers. Further, colorful aquarium fishes have a soothing effect on people who desire to watch them. Additionally, the demand for aquarium is rising, as they have become an important part of home decoration. Introduction of a variety of colorful species coupled with the growing demand for ornamental species is projected to drive the market growth over the forecast period.

U.S. ornamental fish market

Western countries such as United States, France, U.K and Germany have the highest pet adoption rate while emerging countries such as India, Brazil and China are witnessing a substantial rise in pet adoption in the recent past. Almost 68% of the U.S households have pets as per The American Pet Products Association”. Thus, the high adoption of a pet is likely to bolster the demand of the product over the forecast duration.

Additionally, there has been a rapid rise in the tourism industry in emerging countries including India and China. The rise in tourism is expected to bode well for the growth of the restaurants and hotels industries. Therefore, these commercial complexes are expected to witness the high adoption of ornamental fishes by 2025.

Product Insights

Among different products, the ornamental fish market is categorized into the temperate, tropical freshwater and marine segment. Among them, the tropical freshwater segment occupied the highest share of 52.2% in 2018. Species under this division are available in varieties of color and can easily be taken care. Further, this segment is widely popular among beginner, as they like to have a collection of unique color.

On the other hand, the marine segment is likely to exhibit the highest growth with expected CAGR of 9.0% over the forecast period. These species are available in a different color, but they require special care. Marine species are further divided into three groups namely fish only, reef aquaria and fish only with live rock (FOWLR). Owing to complexity involved in procuring these fishes and care, various companies are offering mechanical and chemical filtration aquarium to keep such species.

Application Insights

Among different application categories, the household segment accounted for revenue of USD 3.6 billion in the year 2018. Growing urban population in developed countries such as the U.K, U.S and Germany prefer to have pets in their households. Further, increasing limitations on keeping cats and dogs in small apartments led people to opt for aquariums. Also, as revealed by a health expert, regularly watching the fish movements in these aquariums are expected to significantly reduce the stress. Increasing stress level owing to a hectic work schedule is driving consumers to opt for ornamental fishes, thereby proliferating the ornamental fish market growth.

Global Ornamental Fish market

The commercial applications are projected to be the leading segment in terms of growth rate with an expected CAGR of 8.4% over the forecast period. Increasing emphasizing on decorative hotels, malls and restaurants are driving stakeholders to invest in aquariums. Different companies are providing aquariums in different sizes such as half land and half water, pentagon, rimless and hexagon among others. Further, growing demand for custom made aquariums that match room paints and sizes are driving the product demand.

Regional Insights

Among different regions, Europe held the largest market share with revenue of USD 2.0 billion. Growing consumer inclination towards pets is the major factor attributing to the growth of this segment. Further, ornamental fishes can greatly help individuals in reducing stress, thereby, leading to high adoption among consumers. In Europe, countries such as Germany, Norway, U.K and France are expected to be the leading in terms of market share over the forecast period.

Asia Pacific is anticipated to exhibit the highest CAGR of 9.2% over the forecast period. Increasing fish adoption as pet coupled with growing disposable income in countries such as India, China and other Southeast Asia countries are anticipated to augment the growth. Further, rising construction of commercial buildings in these countries are expected to provide a lucrative opportunity for market growth from 2019 to 2025.

Ornamental Fish Market Share Insights

Major players operating in the market are AlgaeBarn LLC, Aqua Leisure, Florida Tropical, Captive Bred, Shanghai Wanjin, BioAquatix, Oasis Fish Farm and Aqua Nautic Specialist (ANS) among others. Owing to the presence of several local and international players, the market is highly competitive in nature. Key players are focusing on effective branding strategies and merger & acquisition to strengthen their dominance in the market. Additionally, various governments are taking favorable initiatives to promote the export of ornamental fishes. For example, seven fisheries institutes in India introduced ornamental fish culture aimed at increasing production of marine species. 

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., U.K., Germany, India, China, Brazil, and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global ornamental fish market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Tropical Freshwater
    • Temperate
    • Marine

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Commercial
    • Household

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • India
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service
  • 100% Secure Payments
  • Our Promise
  • 100% Service Assurance
  • Market Monitoring
  • Service Flexibility
  • 24X5 Care available