PUBLISHER: Market Research Future | PRODUCT CODE: 1581711
PUBLISHER: Market Research Future | PRODUCT CODE: 1581711
Global Aquarium Market Research Report Information by Type (Aquarium Tank, Filtration Equipment, Temperature Control Equipment, Lighting Equipment, and Oxygen Equipment), Application (Household and Office, Commercial, Zoo, and Oceanarium), and By Region (North America, Europe, Asia-Pacific, And Rest of The World) - Forecast Till 2032
In 2023, the aquarium market was estimated to be worth USD 8,230.00 million. The Aquarium market is anticipated to experience a compound annual growth rate (CAGR) of 8.06% from 2024 to 2032, resulting in a total market value of USD 16,216.10 million. The consistent demand for aquariums is driven by the engagement benefits of the product and the growing interest in aquatic activities on a global scale.
The aquarium hobby is currently undergoing significant trends that are indicative of the evolving preferences and interests of enthusiasts. The trend is the emphasis on the proud ownership of uncommon or unique creatures, which has become a badge of honor for many aquarists. The acquisition of distinctive and unusual species not only enhances the visual appeal of an aquarium but also establishes a status image within the fishkeeping community. Hobbyists derive pleasure from exhibiting unique fish, corals, and invertebrates, and they frequently conduct extensive research and allocate substantial resources to the collection and preservation of these valuable specimens. This trend has sparked a spot market, with specialized breeders and suppliers meeting the demand for unique and extraordinary aquatic life, thereby expanding the limits of what is feasible in home aquariums. Concurrently, the prevalence of fishkeeping as a hobby is increasing due to its accessibility and the therapeutic benefits it offers. Aquariums are an appealing addition to residences and offices due to their visually stimulating and serene environment, which can help alleviate stress and anxiety.
Market segment insights
The Aquarium Market has been segmented into recreational, educational, and research categories based on the application.
The Market has been segmented into freshwater aquarium, saltwater aquarium, and brackish aquarium based on product type.
The Aquarium Market has been segmented into five categories: tank, filtration system, substrate, heater, and others.
The market has been divided into two categories: online and offline, as determined by the distribution channel.
Regional Perspectives
By region, the market is segmented into North America, South America, Europe, Asia Pacific, and South America. The North American Aquarium market constitutes the largest market share at 34.49% in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 8.06%. The United States, Canada, and Mexico are all part of the North America region. There are numerous world-class aquariums in North America that attract millions of visitors annually due to their informative exhibits and captivating displays of marine life. At 555,000 square feet, the Georgia Aquarium is the largest aquarium in the United States and remains one of the most popular. It contains more than 10 million gallons of water. It is home to approximately 700 aquatic species, including whale sharks, the largest species on Earth. The Ocean Voyager exhibit at this facility is a must-see destination for many individuals who are visiting facilities of this nature. It is home to four whale sharks and has a capacity of an astounding 6.3 million gallons of water. In addition to the whale sharks, the exhibit attracts approximately 60,000 other fish.
Spectrum Brands Inc. (US), Central Garden & Pet Company (US), Rolf C. Hagen Inc. (Canada), EHEIM GmbH & Co. KG (Germany), Waterbox Aquariums (US), Juwel Aquarium AG & Co KG (Germany), Aqua Design Amano Co., Ltd. (Japan), Shenzhen Xing Risheng Industrial Co., Ltd. (China), Qian Hu Corporation Limited (Singapore), and ND Aquatics Ltd. (UK) are among the key companies in the Aquarium market.