Ornamental Fish Market - Global Ornamental Fish Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Product Coverage, By Application Coverage, By Geographic Coverage and Leading Companies)

Description

The global ornamental fish market is poised to experience significant growth, with a projected valuation of approximately US$11.6 billion by the year 2030, up from US$6.3 billion in 2022. This remarkable growth is expected to be driven by a robust CAGR of 8.8% between 2023 and 2030.

Key Market Trends

Technological Advancements in Fishkeeping: The increasing use of technology in fishkeeping, such as supporting the development of corals and aquatic plants, is enhancing the aesthetic appeal of aquariums and driving consumer demand for ornamental fish.

Rapid Expansion in Fish Breeding: The growing interest in fish breeding has led to the creation of specialized tools and supplies, fostering a specialty market for breeding tanks, egg incubators, and rearing tanks.

Competition from Other Pet Options: While the ornamental fish market is flourishing, it faces competition from alternative pet options like dogs, cats, and small mammals in certain regions.

Tropical Freshwater Dominance: In 2022, the tropical freshwater category dominated the industry due to its versatility in various types of aquariums. Popular species include goldfish, betta, mollies, tetras, and guppies.

Marine Segment Growth: The marine segment is expected to experience the fastest growth during the forecast period, driven by the popularity of saltwater tanks or reef tanks designed to house attractive ocean fish and invertebrates.

Household Consumption: The household segment dominated the market in 2022, fueled by an increasing interest in keeping ornamental fish in homes. This trend is particularly evident in growing economies like India, China, and Brazil.

Key Growth Determinants

Rising Consumer Spending Power: Improved disposable income allows more people to invest in non-essential products like ornamental fish and related accessories, expanding the market's consumer base.

Growing Interest in Aquascaping: The practice of aquascaping, creating intricate underwater landscapes, is driving demand for specific fish species suitable for enhancing underwater designs, along with live aquatic plants and premium aquarium equipment.

Pacing Adoption of Aquarium Technology: Modern filtration systems, automated water testing, and monitoring equipment are making it easier for aquarists to maintain healthy aquatic environments, attracting more people to the hobby.

Major Growth Barriers

Stringent Regulations and Compliance: Regulatory frameworks, including CITES (Convention on International Commerce in Endangered Species), create complex import/export procedures, increasing costs and delays for businesses. Strict quarantine regulations in many countries further impact trade.

Limited Access to Rare Species: Restrictions on certain fish species, whether due to export limitations, low availability, or high prices, can limit the range of fish available in the market and reduce consumer interest.

Key Trends and Opportunities

Rising Online Fish Sales: Online platforms are expanding the market's reach, allowing ornamental fish providers to connect with a global clientele. Consumers can browse a wide range of fish species and related supplies, promoting accessibility to the hobby.

Sustainable and Ethical Sourcing: Consumers increasingly demand ethical and sustainable sourcing practices, offering opportunities for companies that prioritize responsible sourcing to gain consumer trust and support.

Focus on Nano and Small Aquariums: Smaller aquariums, including micro and nano tanks, are gaining popularity due to their space-saving nature and lower maintenance requirements. This trend attracts urban residents and beginners to the hobby.

Regional Insights

Asia Pacific Dominance: Asia Pacific holds the largest share in the ornamental fish market, with countries like China, Japan, and India contributing significantly. Rising income levels and a cultural appreciation for ornamental fish contribute to the region's growth.

European Expansion: Europe is expected to witness the fastest growth in the ornamental fish market during the forecast period. High demand for ornamental fish, both freshwater and marine, is met through imports from Asian nations. Local production is also on the rise.

Competitive Landscape

Several renowned companies operate in the competitive ornamental fish market, with big players expanding their product offerings and distribution networks to increase market share. The market is expected to witness further consolidation in the coming years.

Leading Companies in the Global Ornamental Fish Space Include:

Aqua-Nautic Specialist Pte Ltd.

bioAquatiX

Imperial Tropicals

LiveAquaria

Oasis Fish Farm

Sanyo Aquarium (Pte) Ltd.

Qian Hu Corporation Limited

Sunbeam Aquarium Pte Ltd.

Tropical Fish International Pte Ltd.

Segrest Farms

Neptune Aquatics

Aqua Leisure International

Tropical Marine Centre (TMC)

Blue Zoo Aquatics

Rising Sun Farm

1. Executive Summary

1.1. Global Ornamental Fish Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Ornamental Fish Market Outlook, 2018 - 2030

3.1. Global Ornamental Fish Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Tropical Freshwater
  - 3.1.1.2. Temperate
  - 3.1.1.3. Marine
3.2. Global Ornamental Fish Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Household
  - 3.2.1.2. Commercial
3.3. Global Ornamental Fish Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Ornamental Fish Market Outlook, 2018 - 2030

4.1. North America Ornamental Fish Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Tropical Freshwater
  - 4.1.1.2. Temperate
  - 4.1.1.3. Marine
4.2. North America Ornamental Fish Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Household
  - 4.2.1.2. Commercial
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Ornamental Fish Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 4.3.1.2. U.S. Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 4.3.1.3. Canada Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 4.3.1.4. Canada Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Ornamental Fish Market Outlook, 2018 - 2030

5.1. Europe Ornamental Fish Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Tropical Freshwater
  - 5.1.1.2. Temperate
  - 5.1.1.3. Marine
5.2. Europe Ornamental Fish Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Household
  - 5.2.1.2. Commercial
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Ornamental Fish Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 5.3.1.2. Germany Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.3. U.K. Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 5.3.1.4. U.K. Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.5. France Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 5.3.1.6. France Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.7. Italy Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 5.3.1.8. Italy Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.9. Turkey Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 5.3.1.10. Turkey Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.11. Russia Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 5.3.1.12. Russia Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.13. Rest of Europe Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 5.3.1.14. Rest of Europe Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Ornamental Fish Market Outlook, 2018 - 2030

6.1. Asia Pacific Ornamental Fish Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Tropical Freshwater
  - 6.1.1.2. Temperate
  - 6.1.1.3. Marine
6.2. Asia Pacific Ornamental Fish Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Household
  - 6.2.1.2. Commercial
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Ornamental Fish Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 6.3.1.2. China Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.3. Japan Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 6.3.1.4. Japan Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.5. South Korea Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 6.3.1.6. South Korea Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.7. India Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 6.3.1.8. India Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.9. Southeast Asia Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 6.3.1.10. Southeast Asia Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.11. Rest of Asia Pacific Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 6.3.1.12. Rest of Asia Pacific Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Ornamental Fish Market Outlook, 2018 - 2030

7.1. Latin America Ornamental Fish Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Tropical Freshwater
  - 7.1.1.2. Temperate
  - 7.1.1.3. Marine
7.2. Latin America Ornamental Fish Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Household
  - 7.2.1.2. Commercial
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Ornamental Fish Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 7.3.1.2. Brazil Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.3. Mexico Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 7.3.1.4. Mexico Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.5. Argentina Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 7.3.1.6. Argentina Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Ornamental Fish Market Outlook, 2018 - 2030

8.1. Middle East & Africa Ornamental Fish Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Tropical Freshwater
  - 8.1.1.2. Temperate
  - 8.1.1.3. Marine
8.2. Middle East & Africa Ornamental Fish Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Household
  - 8.2.1.2. Commercial
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Ornamental Fish Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 8.3.1.2. GCC Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.3. South Africa Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 8.3.1.4. South Africa Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.5. Egypt Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 8.3.1.6. Egypt Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.7. Nigeria Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 8.3.1.8. Nigeria Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa Ornamental Fish Market, by Product, Value (US$ Bn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa Ornamental Fish Market, by Application, Value (US$ Bn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs Product/Application Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Aqua-Nautic Specialist Pte Ltd.
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. bioAquatiX
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Imperial Tropicals
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. LiveAquaria
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Oasis Fish Farm
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Sanyo Aquarium (Pte) Ltd.
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Qian Hu Corporation Limited
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Sunbeam Aquarium Pte Ltd.
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Tropical Fish International Pte Ltd.
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Segrest Farms
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Neptune Aquatics
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Aqua Leisure International
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Product Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Tropical Marine Centre (TMC)
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Product Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Blue Zoo Aquatics
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Product Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development
- 9.4.15. Rising Sun Farm
  - 9.4.15.1. Company Overview
  - 9.4.15.2. Product Portfolio
  - 9.4.15.3. Financial Overview
  - 9.4.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations