Global Ornamental Fish Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Ornamental Fish Market” is an upcoming market research report title, which is under production at MarketResearch.biz. Accuracy of research findings and conclusions is ensured through extensive primary and secondary researches. In the report, various data and information on the global ornamental fish market such as revenue opportunities and details, growth opportunities, major trends and drivers, details on key players, competitive landscape, and restraints are included in detail. Research results and findings are verified by industry experts before we include it in the report. The global ornamental fish market research report is segmented based on products, applications, and regions and countries.

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Overview

Fishes that are kept in home aquariums or elsewhere for aesthetic purposes are generally considered ornamental fish. These ornamental fishes encompass many varieties of species with many sizes, shapes, and colors. Ornamental fishes are usually kept in tanks or other designed aquarium systems.

Dynamics

Increasing interest of millennials in colorful ornamental fishes for keeping in household aquarium, which is a part of luxury, is a key factor driving the global ornamental fish market growth.  In addition, various scientific studies have revealed that keeping ornamental fishes in aquariums of households is expected to provide millennials psychological advantages in terms of feeling good and reducing stress.  Consumers are inclined to purchase these species due to their attractive features and other characteristics. Moreover, aquariums have become a part of home décor.  Increasing interest of consumers to purchase and keep ornamental fishes and introduction of different types of attractive species are expected to drive growth of the global ornamental fish market over the forecast period. Developed countries such as Germany, the US, the UK, and France are the market leaders in terms of pet adoption. Increasing spending on developing domestic tourism infrastructure by governments of different countries such as India and China is expected to increase building up of restaurants as well as hotels. Thus, in turn, ornamental fishes will be utilized for decorative purposes, which is expected to drive growth of the market. Increasing requirements for ornamental fishes from the tourism industry and households is projected to further drive growth of the market over the forecast period.

Global Ornamental Fish Market Segment Analysis:

By Products: Among the product segments, the tropical freshwater segment accounts for highest revenue share in the global ornamental fish market and this trend is expected to continue over the forecast period. This can be attributed to its availability in different colors and easy to care for.

By Applications: The household segment among the application segments is projected to contribute highest revenue share in the global ornamental fish market over the forecast period. This growth can be attributed to increasing inclination of consumers, especially millennials, towards purchasing ornamental fishes to keep them in household aquariums. Moreover, this trend has become part of home décor.

Global Ornamental Fish Market Regional Analysis:

Among the regions, Europe is projected to account for highest revenue share in the global market and this trend is expected to continue over the forecast period. This can be attributed to preference of a large number of populations in the region to spend their leisure time with beloved pets at home. A large number of individuals purchase these ornamental fishes as watching and caring for them can reduce stress and provide comfort. Moreover, it is the second popular hobby among people in the region. Asia Pacific is the fastest-growing market.

Global Ornamental Fish Market Segmentation: 

By Product:

• Tropical Freshwater
• Temperate
• Marine

By Application:

• Commercial
• Household

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa