Press release
Koi Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Koi Market
The boom in the aquaculture industry is set to fuel the advancement of the koi market in the future. Aquaculture characterized by the cultivation, development, and harvesting of fish, shellfish, algae, and other aquatic creatures in different watery habitats. Koi, primarily held as pets, are decorative fish, and their cultivation is included in aquaculture practices carried out by both enthusiasts and professionals. As such, koi cultivation will be benefited by the rise in aquaculture activity. Therefore, the koi rearing will see an upliftment as the aquaculture industry expands. For example, in March 2024, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), an Australian government agency based in the US, anticipates that the gross value of fisheries and aquaculture production will experience a rise of 0.5% in 2023-24, amassing to more than USD 2.37 billion(AUS 3.56 billion). This suggests that the growing aquaculture industry is providing a driving force for the expansion of the koi market.
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What growth opportunities are expected to drive the koi market's CAGR through 2034?
The rise in the koi market has been substantial in the last few years. Projections show an increase from $2.61 billion in 2024 to $2.9 billion in 2025, translating to a compound annual growth rate (CAGR) of 11.4%. The surge during the historical period is presumed to be due to cultural symbolism and history, roots in aquaculture, artistic and aesthetic value, breeding and genetic selection, plus the establishment of koi exhibitions and contests.
Anticipations are high for a swift surge in the size of the koi market over the forthcoming years, forecasted to reach $4.35 billion by 2029, expanding at a compound annual growth rate (CAGR) of 10.6%. This impressive escalation during the anticipated period is credited to the accelerating interest in the enhancement of outdoor living areas, the broadening of online koi sale platforms, the application of AI in breeding initiatives, koi's role in therapeutic and wellness spaces, and innovations in artificial habitats. Foremost tendencies during the prediction period encompass small-scale and indoor koi ponds, digital koi displays, and contests, sustainable water ecosystems, distant monitoring and supervision of koi, and engaging, informative koi exhibitions.
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What are the emerging trends shaping the future of the koi market?
Leading businesses in the koi market, such as Pondbox, are innovating with new offerings like fish food subscription services to stay competitive. This unique service delivers fish food on a recurring basis straight to customers' homes. In July 2023, Pondbox, a company based in the UK, introduced their pioneering fish food subscription service, designed to simplify the care of pond fish and to enhance their wellness. The service tailors each shipment based on the individual needs of the customer's pond, allowing clients to select from a range of fish food items like flakes, pellets, sticks and pond sticks, which is then personalized according to their koi carp, goldfish, or mixed fish populace and the pond dimensions. Ranging from an affordable starting price of £8.50 ($10.75) bi-monthly, customers receive hand-picked pond fish food specific to the changing seasons, complemented by proficient guidance on pond upkeep. Importantly, this service helps address issues such as overfeeding and the degradation of food quality over time, providing a handy and eco-friendly resource for pond keepers at all experience levels.
Which growth-oriented segments of the koi market are leading the industry's development?
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
Subsegments:
1) By Kohaku: Red And White Koi, Variations In Patterns
2) By Taisho Sanke: Red, White, And Black Koi, Different Pattern Variations
3) By Showa Sanke: Black, Red, And White Koi, Unique Pattern Traits
4) By Other Types: Yamabuki Ogon, Platinum Ogon, Shusui, Asagi, Other Color Variations
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What regions are leading the charge in the koi market?
Asia-Pacific was the largest region in the koi market in 2024. The regions covered in the koi market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the koi market?
Major companies operating in the koi market include 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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What Is Covered In The Koi Global Market Report?
• Market Size Forecast: Examine the koi market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the koi market for a structured understanding.
• Key Players Overview: Analyze major players in the koi market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the koi market.
• Segment Contributions: Evaluate how different segments drive overall growth in the koi market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the koi market.
• Industry Challenges: Identify potential risks and obstacles affecting the koi market.
• Competitive Landscape: Review strategic developments in the koi market, including expansions, agreements, and new product launches.
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