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Dive into Aquatic Profit: Understanding the Lucrative Koi Market and Growth Strategies

Koi Market

Koi Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Koi Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The koi market size has grown rapidly in recent years. It will grow from $2.33 billion in 2023 to $2.61 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to cultural symbolism and history, origins in aquaculture, artistic and aesthetic appreciation, breeding and genetic selection, development of koi shows and competitions.

The koi market size is expected to see rapid growth in the next few years. It will grow to $3.92 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to growing interest in outdoor living spaces, expansion of online koi sales, integration of ai in breeding programs, koi in therapeutic and wellness settings, artificial habitat innovations. Major trends in the forecast period include miniature and indoor koi ponds, virtual koi shows and competitions, sustainable aquatic ecosystems, remote monitoring and koi care, interactive and educational koi exhibitions.

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Market Segmentation:
The koi market covered in this report is segmented -

1) By Type: Kohaku, Taisho Sanke, Showa Sanke, Other Types
2) By Size: Small, Medium, Large
3) By Distribution Channel: Online, Offline
4) By Application: Commercial, Retail, Residential

Major Driver - Rising Expansion Of Aquaculture Sector To Drive Market Growth
The expansion of the aquaculture sector is expected to propel the growth of the koi market going forward. 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. For instance, in March 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government administration, in Australia, Aquaculture's gross value of production (GVP) climbed from 2020 to 2021 by 9% to $1.7 billion, making up 56% of all GVP. Additionally, the volume of aquaculture climbed by 24% to 131578 metric tons or about 43% of the total. Therefore, the expansion of the aquaculture sector is driving the growth of the koi market.

Competitive Landscape:
Major companies operating in the koi market report are Ozark Fisheries Inc., Blackwater Creek Koi Farms, Dainichi Koi Farm, Kloubec Koi Farm, Kodama Koi Farm, Laguna Koi Ponds, Marugen Koi Farm, Narita Koi Farm. Co. Ltd., Ogata Koi Farm Co. Ltd., Konishi Koi Farm Co. Ltd, Hiroi Koi Farm, Hoshikin Koi Farm, Isa Koi Farm, Izumiya Koi Farm, Kaneko Koi Farm, Kanno Koi Farm, Kansuke Koi Farm, Kawakami Koi Farm, Koi Associates Limited, Kokugyokan Koi Farm, Marudo Yorijo, Matsuda Koi Farm, Matsue Koi Farm, Momotaro Koi Farm, Next Day Koi Inc., Nogami Koi Farm, Omosako Koi Farm, Sakai Fish Farm Co. Ltd., Shanghai Wanjin ornamental fish breeding goldfish Co. Ltd.

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https://www.thebusinessresearchcompany.com/report/koi-global-market-report

Top Trend - Rising Demand For Attractive Species And Ornamental Fish To Drive Market Growth
The rising adoption of different types of attractive species is expected to propel the growth of the koi market going forward. 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Koi Market Characteristics
3. Koi Market Trends And Strategies
4. Koi Market - Macro Economic Scenario
5. Koi Market Size And Growth
…..
27. Koi Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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