PUBLISHER: Grand View Research | PRODUCT CODE: 1224655
PUBLISHER: Grand View Research | PRODUCT CODE: 1224655
U.S. Ornamental Fish Market Size, Share & Trends Analysis Report By Product (Tropical Freshwater, Temperate, Marine), By Application (Household, Commercial), And Segment Forecasts, 2023 - 2030
U.S. Ornamental Fish Market Growth & Trends:
The U.S. ornamental fish market is expected to reach USD 2.83 billion by 2030 , registering CAGR of 9.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing millennial interest in colorful fish, the trend of keeping aquarium as part of a luxury lifestyle, new developments in aquariums featuring advanced designs, rise in aqua scaping for aesthetic reasons are major factors boosting the U.S. ornamental fish market.
Recent technological breakthroughs have provided ornamental fish enthusiasts with something they have never had before - variety in species and easy to maintain aquarium ecosystems. Species such as the goldfish, tetras, barbs and catfish are best for beginners as they are relatively peaceful and not very demanding. Moreover, due to the advent of self-cleaning aquariums, even novices have taken an interest in ornamental fish.
The psychological benefits associated with keeping a fish and human interaction with it also a factor ramping the demand for ornamental fish. Various studies and research have found that live fish viewing enhances feelings of happiness, relaxation, and anxiety. The attachment theory applies to human-animal relationships as well, with findings suggesting that both humans and animals can serve as attachment figures and provide feelings of comfort and safety during times of uncertainty or stress.
Since more people are moving into apartments and smaller residences in cities, there is less room for larger animals to live there. Because they are peaceful animals and take up less space in homes, people are increasingly choosing to keep fish as pets. For the ornamental fish industry in the residential sector, this trend is generating a growth potential. Modern trends such as the nano aquariums and planted aquariums will further boost the ornamental fish industry in U.S.
According to a blog post by The Fish Site in December 2020, more than 40 nations take part in the supply of aquarium stock to hobbyists, and it is estimated that 50 million aquatic animals, including ornamental fish, corals, and invertebrates, are sold to 2 million hobbyists worldwide each year. Since 15 million American households have aquariums, 2.5 million of which are home to marine species, the U.S. is the primary market for these products. Marine ornamental fish species make up about 20% of the total trade.
U.S. Ornamental Fish Market Report Highlights:
- The tropical freshwater segment held the largest share in 2022, owing to its easy to maintain routine and the variety it offers. The freshwater fish suppliers in U.S. offer high quality tropical freshwater fish. Some popular tropical freshwater varieties are Guppy, Molly, Zebra Danio, Betta, Catfish, and Swordtail.
- Household application segment dominated the market in 2022, around 67% of the U.S. households, or about 85 million families, own a pet, with 13.1% of those owning a fish as a pet (APPA). Advancements in smart technologies are also contributing to the growing number of aquarium hobbyists, which as a result is propelling the segment.
- The consumer trends driving the ornamental fish business are largely comparable to those guiding the pet care sector as a whole. Consumers all over the world are adopting more and more different pets. When it comes to pet adoption and pet care goods, the millennial demographic has a higher spending propensity than other age groups.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Application Outlook
Chapter 3. U.S. Ornamental Fish Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's
- 3.6. Roadmap of U.S. Ornamental Fish Market
- 3.7. U.S. Ornamental Fish Market: Technology Outlook
- 3.8. Impact of COVID-19 on the U.S. Ornamental Fish Market
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. U.S. Ornamental Fish Market: Product Analysis & Estimates
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. Tropical Freshwater
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Temperate
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Marine
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. U.S. Ornamental Fish Market: Application Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 6.2. Household
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3. Commercial
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Key global players, recent developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 7.3. List of Major Ornamental Fish Retailers in the U.S.
- 7.4. Vendor Landscape
- 7.4.1. Key company market share analysis, 2022
Chapter 8. Company Profiles
- 8.1. Aqua-Nautic Specialist PTE LTD
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. AlgaeBarn LLC
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Tropical Fish International
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. bioAquatiX
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Aqua Leisure Sdn Bhd
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Imperial Tropicals
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. LiveAquaria
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. AQUATIC INTERIORS UNLIMITED INC.
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Ruinemans Aquarium Inc.
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. AQUA HUT LLC.
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
List of Tables
- 1. Number of zoos & aquariums accredited by the Association of Zoos and Aquariums (AZA) in 12 countries
- 2. U.S. ornamental fish market - Driving factor market analysis
- 3. Pet ownership in the U.S., 2019 - 2020
- 4. U.S. ornamental fish market - Restraint factor market analysis
- 5. Recent technological trends in aquarium hobby
- 6. Accessibility of resources: Traditional vs. technologically equipped fish farmers
- 7. U.S. pet ownership estimates
- 8. U.S. tropical freshwater ornamental fish market estimates and forecast, 2017 - 2030 (USD Million)
- 9. U.S. temperate ornamental fish market estimates and forecast, 2017 - 2030 (USD Million)
- 10. U.S. marine ornamental fish market estimates and forecast, 2017 - 2030 (USD Million)
- 11. 11 U.S. commercial ornamental fish market estimates and forecast, 2017 - 2030 (USD Million)
- 12. U.S. household ornamental fish market estimates and forecast, 2017 - 2030 (USD Million)
- 13. Company categorization
- 14. List of Major Ornamental Fish Retailers in the U.S
- 15. U.S. company share analysis, 2022 (Revenue Share %)
List of Figures
- 1. U.S. ornamental fish market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Market Snapshot
- 7. Segment Snapshot
- 8. Competitive Landscape Snapshot
- 9. U.S. ornamental fish market - Penetration & growth prospect mapping, by application
- 10. U.S. ornamental fish market - Value chain analysis
- 11. Size evolution of single-family apartments, 2010 - 2019
- 12. U.S. ornamental fish market: Porter's five forces analysis
- 13. Roadmap of the U.S. ornamental fish market
- 14. U.S. ornamental fish market: Product share (%) analysis, 2022 & 2030
- 15. U.S. ornamental fish market: Application share (%) analysis, 2022 & 2030
- 16. Key company market share analysis, 2022 (%)
