The Aquarium and fish bowl market size is composed to reach a valuation of US 1.5 Billion in 2022. Sales of aquarium & fish bowl are projected to increase at a 5.0% CAGR, with the aquarium & fish bowl market size reaching US$ 3.0 Billion by 2032.
Aquarium & fish bowls market expansion is anticipated to be driven by the millennial generation’s increased preference for attractive aquarium fish with vibrant colors as part of a high-end lifestyle. The numerous advantages that ornamental fish offer consumers also contribute to their high demand for aquarium & fish bowls.
For instance, tranquil fish with lovely colors are kept, including Betta Fish (Siamese fighting fish), Goldfish, Guppy, and Cory Catfish.
Aquarium fish keeping is a centuries-old popular hobby that has seen consistent aquarium & fish bowl market growth in its trade-in over 125 countries due to rising interest. With the growing popularity of home aquariums, the public aquaria sector now accounts for about half of the aquarium & fish bowl market, with the rest remaining confined to hobbyists impacting the aquarium & fish bowl market key trends and opportunities.
The majority of ornamental fish is sourced from tropical and subtropical developing countries. Thousands of rural people in underdeveloped nations are employed as a result of the international trade in ornamental fish influencing the aquarium & fish bowl market trends.
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Every year, more species are added as a consequence of developments in breeding, transportation, and aquarium technology. As a result, everything points to the aquarium and fish bowl market future trends along with aquarium & fish bowl market opportunities.
About more than 30 freshwater fish species, including livebearers, neon tetra, angel fish, goldfish, zebra danio, and discus, are thought to dominate the aquarium & fish bowl market. The manufacture of a large variety of fish breeds with colourful, appealing varieties enticed consumers to spend more money on fish as pets, resulting in a significant surge in aquarium and fish bowl production boosting the aquarium & fish bowl adoption trends.
Key Takeaways from Aquarium & Fish bowls Study:
The study presents an analytical study of the aquarium & fish bowl market, along with current trends and future estimates to determine future investment in the Aquarium and fish bowl
- The current market will be analyzed quantitatively from 2021 to 2032, highlighting growth scenarios for the aquarium & fish bowl market.
- Aquarium shops and pet care shops segments contributed the majority of aquarium & fish bowl market share.
- U.S. and Canada are the dominating countries for the aquarium & fish bowl market due to the increasing population of pet owners and aquarium & fish bowl adoption trends.
- China and Japan are the fastest-growing aquarium & fish bowl market. Several reasons are projected to contribute to the aquarium & fish bowl market, including an increase in aquarium & fish bowl adoption trends of pet humanization.
- Wide diversity of fish breeds with colorful and attractive varieties attracted consumers to spend more on fish buying as a result the aquarium & fish bowl market is rising.
“The Aquarium and fish bowl market is rising due to the rising the fish industry due to a variety of colourful ornamental fish’s breeds “. Says –FMI Analyst
Impact of COVID-19 on the Market
The coronavirus (COVID-19) pandemic has induced a significant drop in the demand for aquarium & fish bowl. Due to government-imposed lockdowns in highly affected areas, the logistical arrangements for transporting aquarium & fish bowl products have been severely hampered.
Thus, end-users are resorting to the homemade tank to ensure the safety of the fish. On the other hand, online sales of aquarium & fish bowl have as significantly increased. Non-contact delivery with easy online e payment easy returns leads to online aquarium & fish bowl market.
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Who is winning?
Leading companies of Aquarium & Fishbowl are focused on consumers’ interests as launched new Shape, Inbuilt aquarium, and wall fish bowl to attract the consumers with offers and discounts that have driven sales of aquarium & fish bowl and aquarium & fish bowl market growth.
Major players present in the aquarium & fish bowl market Are EHEIM GmbH & Co. KG, Aqua Design Amano, Tropical Marine Centre Ltd., PetSmart, ZooMed, and Clear-Seal.
How Competition Influences The Aquarium & Fish Bowls Market?
The aquarium and fish bowl market size is characterized by the presence of a few well-established and several small- and medium-scale aquarium and fish bowl market players. Manufacturers highly focus on product development and consequent differentiation.
Recent Developments:
- In Nov 2019: Xiaomi introduce a portable fish or Nano aquarium which can be used in the office or at home.
- In October 2020, aqua design Amano introduced a dooa magnet light and stands for magnet light as a new aquarium feature.
- The introduction of aquarium fish breeding facilities at a subsidy programme in India was announced by MPEDA in May 2017. For this launch, a subsidy of up to 25% of the total investment will be offered.
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Market By Category
By Product Type, Global Aquarium & Fish bowls Market is segmented as:
- Aquarium
- Fish Bowl
By Material Type, Global Aquarium & Fish bowls Market is segmented as:
- Glass
- Acrylic
- Plastic
- Others
By Shape, Global Aquarium & Fish bowls Market is segmented as:
- Rectangle
- Corner Pentagon
- Bow front
- Cylinder
- Flat Back Hexagon
- Quarter Cylinder
By Capacity, Global Aquarium & Fish bowls Market is segmented as:
- Up to 5 gallons
- Up to 10 Gallons
- Up to 20 Gallons
- Up to 40 Gallons
- Over 40 Gallons
By Application, Global Aquarium & Fish bowls Market is segmented as:
- Commercial
- Residential
By Sales Channels, Global Aquarium & Fish bowls Market is segmented as:
- Wholesale distributors
- Specialty Stores
- Aquarium shops
- Pet Care Shops
- Online Retailers
- Other Sales Channel
By Region, Global Aquarium & Fish bowls market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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