According to a recent market analysis by Future Market Insights (FMI), the aquarium hydrometer market is projected to reach approximately USD 1.1 million in 2022, with a forecasted growth rate of 7% CAGR, leading to an estimated market size of USD 2.2 million by 2032.
Fish are highly sensitive to temperature fluctuations, making it crucial to replicate their natural environments. If the aquarium is too cold, fish can become anxious and vulnerable to parasites, while excessive warmth can lead to a rapid decline in dissolved oxygen levels, potentially suffocating the fish. Therefore, effective temperature and salinity control systems are vital, highlighting the importance of quality aquarium accessories.
The global aquarium accessories market has gained traction in recent years, fueled by a growing fascination with the underwater world and its ability to enhance residential and commercial spaces. For the younger generation, aquariums provide a meaningful connection to nature and serve as an educational resource about aquatic life.
In recent years, keeping fish has become an increasingly popular hobby worldwide, driving rapid growth in the global aquarium accessories industry. A well-maintained aquarium is one of the most captivating decorative elements you can find in homes, hotels, restaurants, and various other establishments.
Key Takeaways
- Based on sales channel, demand for aquarium hydrometers at online channels will remain high.
- In terms of product type, sales of swing arm hydrometers will continue gaining traction.
- The U.S. will dominate the North America aquarium hydrometer market over the forecast period.
- China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia aquarium hydrometer market.
Competitive Landscape
Key players in the global aquarium hydrometer market are focusing on research and development to enhance the functionality of their products. They are also expanding their presence on online sales channels to boost sales. Additionally, some companies are pursuing mergers, acquisitions, and collaborations with smaller brands to refresh their product portfolios. Nevertheless, product launches continue to be the primary strategy for leading players in the aquarium hydrometer market.
For Instance,
- In April 2020, Juwel launched its first aquarium aimed specifically at tropical marine fish keepers. Their aquarium system consists of modified lido aquarium, additional equipment, accessories, ocean marine salt, a hydrometer, and reef evolution.
- Biota, an emerging brand in aquarium hydrometers market, offers completely sustainable saltwater aquariums that come with live fish, corals, sand and every other aquarium accessory that is required.
Key Companies Profiled
Tropical Marine CentRE Ltd.
PetSmart
Petco
Petland
Juwel Aquarium
Tetra
Marina
FAGINEY
Eston
That pet place
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Aquarium Hydrometer Market by Category
Product Type:
- Swing arm hydrometers,
- Floating hydrometers
Application:
- Seawater Aquarium
- Freshwater Aquarium
End Use:
- Residential
- Commercial
Price Range:
- Low
- Economy
- Premium
Sales Channels:
- Wholesale distributors
- Specialty Stores
- Supermarket/Hypermarkets
- Aqua specialty Centre
- Aquarium shops
- Pet Care Shops
- Online Retailers
- Other Sales Channel
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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