Press release
Koi Global Market 2023 - By Size, Share Analysis, Trends, Growth, Scope And Forecast To 2032
Koi Market
The Business Research Company's Koi Global Market Report 2023 identifies expansion of the aquaculture sector as the major driver for the Koi market's growth in the forecast period. Aquaculture refers to the practice of breeding, growing, and gathering fish, shellfish, algae, and other organisms in various aquatic environments. Koi are ornamental fish that are raised primarily as pets. Aquaculture, which is practiced by hobbyists and professionals, also includes the raising of Koi. As a result, increased aquaculture will aid in koi rearing. Thus, the expansion of aquaculture will help increase the rearing of koi.
The global koi market is expected to grow from $2.09 billion in 2022 to $2.33 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The koi market is expected to reach $3.53 billion in 2027 at a CAGR of 10.9%.
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Major competitors in the Koi market are Ozark Fisheries Inc., Blackwater Creek Koi Farms, Dainichi Koi Farm, Kloubec Koi Farm, Kodama Koi Farm, Laguna Koi Ponds, Marugen Koi Farm.
A key trend in the Koi market includes rising adoption of different types of attractive species. Attractive species refers to a group of appealing creatures made up of similar individuals capable of interbreeding or gene exchange. Koi are ornamental fish that are raised primarily as pets because of their attractive color combinations. For instance, in March 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government administration, in Australia, wild-catch tuna volume increased to 9,216 tons in 2020-2021, compared to 8,691 tons reported between 2019-2020. Therefore, the rising adoption of different types of attractive species is driving the growth of the koi market.
Read More On The Global Koi Market Report Here:
https://www.thebusinessresearchcompany.com/report/koi-global-market-report
The Koi market is segmented -
• By Type: Kohaku, Taisho Sanke, Showa Sanke, Other Types
• By Size: Small, Medium, Large
• By Distribution Channel: Online, Offline
• By Application: Commercial, Retail, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Koi market.
The Business Research Company's "Global Koi Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Koi Market Include:
1. Executive Summary
2. Koi Market Characteristics
3. Koi Market Trends And Strategies
4. Koi Market - Macro Economic Scenario
5. Global Koi Market Size and Growth
…………………………………..
32. Global Koi Market Competitive Benchmarking
33. Global Koi Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Koi Market
35. Koi Market Future Outlook and Potential Analysis
36. Appendix
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