Ornamental Fish Market 2024: Opportunities, Challenges, Drivers, and Global Business Growth Forecast by 2024-2031 | Aqua-Nautic Specialist PTE LTD, AlagaeBarn LLC, Oasis Fish Farm.

DataM Intelligence has released a new research report on the Ornamental Fish market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Ornamental Fish Market reached USD 5.5 billion in 2023 and is expected to reach USD 9.8 billion by 2031 and is expected to grow with a CAGR of 7.5% during the forecast period 2024-2031.

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The Ornamental Fish market encompasses the breeding, distribution, and sale of fish species kept for decorative purposes in aquariums and garden ponds. This market includes freshwater and saltwater fish, with various species appealing to hobbyists and collectors. The growth of the ornamental fish market is driven by rising consumer interest in aquarium hobbyism, increased disposable income, and a growing trend toward home decor. Additionally, advancements in aquaculture practices and sustainable breeding methods contribute to market expansion.

List of the Key Players in the Ornamental Fish Market:

Aqua-Nautic Specialist PTE LTD, AlagaeBarn LLC, Oasis Fish Farm, BioAquatix, Sagar Fish Aquarium, Sunbeam Aquarium Pte Ltd, Imperial Tropicals, Inc., Tropical Fish International Pte Ltd, LiveAquaria, and Liuji.

Key Developments:

In February 2023, Fisheries Development Oman (FDO), located in Muscat, Oman, launched a new brand aimed at enhancing investment opportunities in the fishing industry.

In 2021, Segrest Farms announced that it had achieved certification from the Global Aquaculture Alliance's Better Aquaculture Practices Program for its tilapia and catfish production. This certification highlights Segrest Farms' commitment to sustainable agricultural practices.

In 2020, Aqua Leisure introduced its 'Aquarium Life' line of products, offering a diverse selection of aquarium decorations, filters, and food. The company also launched a new website to showcase its products and provide educational resources to customers on aquarium care.

Research Process:

Both primary and secondary data sources have been used in the global Ornamental Fish Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Ornamental Fish Market:

By Product Type: Tropical Freshwater, Temperate, Marine.

By Application: Residential, Commercial.

By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Online Sales, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Ornamental Fish market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Ornamental Fish Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Ornamental Fish market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Ornamental Fish Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Ornamental Fish market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Ornamental Fish market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Ornamental Fish market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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