Koi Market Expected to Achieve 10.6% CAGR by 2029: Growth Forecast Insights

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How Large Will the Koi Market Size By 2025?
In the past few years, the koi market has witnessed a swift surge in size. It is projected to rise from its $2.61 billion value in 2024 to approximate $2.9 billion by 2025, marking a compound annual growth rate (CAGR) of 11.4%. This substantial growth during the historic period can be traced back to various factors such as the cultural symbolism and historical significance of koi, their roots in aquaculture, artistic and aesthetic value, advances in breeding and genetic selection, and the proliferation of koi shows and competitions.

How Big Is the Koi Market Size Expected to Grow by 2029?
In the coming years, the koi market size is projected to experience swift expansion. It is anticipated to reach $4.35 billion in 2029, with a compound annual growth rate (CAGR) of 10.6%. This growth within the predicted period can be credited to the increasing interest in external living spaces, the widening of online koi sales, the incorporation of AI in breeding schemes, the use of koi in wellness and therapeutic environments, and advancements in artificial habitats. Key trends during the forecast period are projected to be small and indoor koi ponds, digital koi shows and contests, ecologically sustainable aquatic ecosystems, remote supervision and care for koi, along with engaging and educational koi displays.

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Which Key Market Drivers Powering Koi Market Expansion and Growth?
The koi market's escalation is predicted to be fueled by the expansion of the aquaculture industry. Aquaculture is the act of breeding, nurturing, and harvesting fish, shellfish, algae, and other aquatic species in various aquatic settings. Koi are primarily reared as ornamental pet fish and are included in aquaculture practices carried out by both hobbyists and professionals, hence augmenting koi fish cultivation. Consequently, the growth of aquaculture will facilitate an increase in koi production. For instance, as of March 2024, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), a US-based Australian government institution, has projected that the total value of fisheries and aquaculture production will expand by 0.5% in the 2023-24 period, culminating in more than USD 2.37 billion (AUS 3.56 billion). Therefore, the swell in the aquaculture industry strongly influences the burgeoning koi market.

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Which Fast-Growing Trends Are Poised to Disrupt the Koi Market?
Leading companies in the koi market are formulating innovative services such as fish food subscription services, in order to secure a competitive advantage. These subscription services specialize in delivering fish food consistently and conveniently, straight to the doors of the customers. An example of this was seen in July 2023, when Pondbox, a UK-based subscription service company, introduced a pioneering fish food subscription service. This service aims to simplify the care of pond fish and improve their health. Pondbox tailors every delivery to the precise requirements of each pond, providing a personalised subscription experience. Subscribers have a selection of fish food to choose from like flakes, pellets, sticks and pond sticks. These options can be customised to their specific types of fish (Koi Carp, Goldfish, or mixed) and the size of their pond. The subscription pricing is reasonable, starting at £8.50 ($10.75) bi-monthly, including selected pond fish food adjusted to seasonal requirements and professional advice on pond upkeep. This service provides a remedy for challenges such as overfeeding and the decrease in food quality over time. It presents an accessible and eco-friendly solution for pond keepers, regardless of their level of experience.

What Are the Emerging Segments in the Koi Market?
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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Koi Industry?
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

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