Global Ornamental Fish Market Size, Share and Trends Analysis Report, By Type (Freshwater fish, Marine fish, Tropical, and Temperate), By Application (Commercial and Residential), and Distribution Channel (Online and Offline) Forecast Period (2022-2028)

The global ornamental fish market is anticipated to grow at a CAGR of 8.2 % during the forecast period (2022-2028).  Ornamental fish are colorful, attractive fish that are kept as pets aquatic or elsewhere for aesthetic reasons. There are many different kinds of fish, all of which have different sizes, colors, and shapes, and barbs, loaches, and danios. These fish are kept in water for decorative or beauty purposes. Several variety of species such as freshwater, tropical and subtropical waters and ornamental fish played an important role in commerce especially in earning foreign exchange. Factors such as consumer preferences for luxury lifestyles and increased revenue are the key factors that drive market growth in the forecast period. In addition to this, growing awareness about the psychological benefits of maintaining decoration house fish as preserving ornamental fish can reduce stress and provide home comfort, continuously driving a large number of people to buy these ornamental fish species and are growth factors that are thought to boost market growth over the predicted period.

Various companies offer aquarium decorating for a variety of shapes including rimless, semi-earth half water, pentagon, square, and hexagon basically to match interior decorations and enhance beauty further providing growth to the market during the forecast period. Furthermore, the growing ban on keeping cats and dogs as pets in high-rise housing and the emergence of breeding species of outdoor marine species, and the growing practice of fish preservation also accelerate the demand for ornamental fish in the forecast period. Although, problems with the supply of goods due to fatalities caused by dangerous fishing practices and mismanagement may hamper the market growth in the ornamental fish forecast period.

The changing lifestyle, the growing popularity of keeping the aquarium as a home decoration item, and growing disposable income, consumers are willing to spend on the decorative items is expected to positively impact the market growth during the forecast period. In addition, various scientific studies indicate that the use of ornamental fish in domestic waters provides psychological benefits to household members such as to help reduce stress, provide a calming effect is further supporting the market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Aqua Nautic Specialist (ANS) Pte Ltd, Tropical Fish International Pte Ltd, Qian Hu Fish Farm Trading, AlgaeBarn LLC, BioAquatix.com, Imperial Tropicals, Inc., and Oasis Fish Farm Co., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Ornamental Fish Market Report by Segment

By Type

• Freshwater fish
• Marine fish
• Tropical
• Temperate

By Application

• Commercial
• Residential

By Distribution Channel

• Online
• Offline

Global Ornamental Fish Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa