Aquarium Fish market is expected to reach USD 11.30 billion by 2030 : Cognitive Market Research

Market Overview:
What is an Aquarium Fish Market?
- The aquarium fish market is a thriving industry that caters to the demand for ornamental fish for hobbyists and enthusiasts worldwide. The most popular types of aquarium fish include goldfish, guppies, tetras, bettas, and cichlids, with a significant portion of the market consisting of freshwater species. However, saltwater aquariums are also gaining in popularity, and the demand for marine fish, such as clownfish and tangs, is increasing.

Summary:
- The Aquarium Fish market is expected to grow from USD 5.88 billion in 2022 to USD 11.30 billion by 2030, at a CAGR of 8.5%.

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Market Dynamics:
• Rising demand for home aquariums augments the Aquarium Fish Market
With the increasing popularity of home aquariums, the demand for ornamental fish has also grown. As more people look for ways to create a relaxing and enjoyable atmosphere at home, the demand for colorful and unique aquarium fish has increased. With the rise in disposable incomes, people are willing to spend more on their hobbies, including aquariums. This has led to increased demand for high-quality and exotic species of aquarium fish.
• High mortality rate and high cost acts as restraints of the aquarium fish market
Aquarium fish can be difficult to care for, and many species have a high mortality rate. This can lead to dissatisfaction among aquarium hobbyists and decreased demand for aquarium fish. Some species of aquarium fish can be expensive to purchase and maintain, which can limit their appeal to budget-conscious consumers.
• The growing online demand for aquarium fish rising will drive the Aquarium fish market growth
The online market for aquarium fish has grown significantly in recent years. Online platforms make it easier for consumers to purchase aquarium fish, and for suppliers to reach a wider audience. Companies that invest in online sales and marketing are likely to benefit from this trend. Companies that focus on innovation, such as developing new breeding techniques, technologies to improve fish health, and new species of aquarium fish, are likely to attract consumer attention and increase demand for their products.

Aquarium Fish Market Segmentation:
Type
• Freshwater Fish
• Saltwater Fish

Application
• Commercial Aquarium
• Home Aquarium

The Major Players in Aquarium Fish Market are:
ORA Clownfish, Fisheries Research Institute Council of Agriculture, Sustainable Aquatics, Sea & Reef, AMF, Zhejiang Mariculture Research Institute, Bali Aquarich, Captive Bred, Aquamarine International

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News
- In March 2022
Globally, more than 2,500 species of ornamental fish are traded, but only 30-35 species of freshwater fish dominate the market.
More than 90 % of freshwater fish are captive bred whereas only a few marine ornamentals are bred in captivity, according to Marine Products Export Development Authority (MPEDA).

Regional Analysis:
- Asia Pacific dominates the Aquarium Fish Market
Geographically, the global aquarium fish market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia-Pacific is the largest market for aquarium fish, accounting for the highest market share, due to the presence of a large number of ornamental fish producers, especially in countries like China, Japan, and Thailand. Additionally, the growing demand for aquarium fish in emerging markets like India, Indonesia, and Vietnam is driving the market in the region.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Aquarium Fish Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Aquarium Fish Market Segmentation
1.5.1 Aquarium Fish Market Regional Fragmentation
1.5.1 Aquarium Fish Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Aquarium Fish Market
Chapter 4 Global Aquarium Fish Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Aquarium Fish Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Aquarium Fish Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Aquarium Fish Market Regional Analysis
Chapter 12 North America Aquarium Fish Market Outlook (2018 - 2030)
Chapter 13 Europe Aquarium Fish Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Aquarium Fish Market Outlook (2018 - 2030)
Chapter 15 Latin America Aquarium Fish Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Aquarium Fish Market Outlook (2018 - 2030)
Chapter 17 Research Findings
• 17.1 Key Takeaways
• 17.2 Analyst Point of View
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about Aquarium Fish Market TOC click here: https://www.cognitivemarketresearch.com/aquarium-fish-market-report#table_of_contents

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