North America Ornamental Fish Market Size, Share & Industry Trends Analysis Report By Application (Commercial and Household), By Product (Tropical Freshwater, Temperate, and Marine), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Ornamental Fish Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
Aquariums for ornamental fish are becoming into emotional and academic development instruments. An aquarium may be enjoyed for its interesting and fun design, but the consequences of engaging with nature in such a personal way are far more profound than most people realize. Furthermore, the research presented above indicates that physical contact with nature promotes cerebral or cognitive growth. In other words, people's ability to generate thoughts and solve problems improves when they see and engage with an aquarium. Apart from emotional growth, home fish aquariums are also an excellent educational tool. Tourist attractions such as aquariums, aquatic parks, aqua museums, and other attractions are popular throughout the spring and summer months.
The trade-in marine ornamental fishes appear to have begun in the 1930s, but the quantity and variety of species sold are unknown. Estimates or inferences based on limited information from different formal and trade organizations are currently available. Almost all marine ornamental fish are taken in the wild on coral reefs, and fatality rates can be severe along the supply chain.
The repercussions of removing these fish from their natural habitats are unknown. In an attempt to create a more accurate picture of the scope of commercial activity, this page compiles and evaluates accessible information, including scientific research and publications from the United Nations' Food and Agriculture Organization, as well as from other official and trade organizations.
It shows that analyzing the commerce in marine ornamental fishes is nearly impossible due to a paucity of trade data and the fact that existing data for marine species is commonly merged with data for freshwater species. This study emphasizes the critical need for a monitoring system to collect precise and timely data on the number and variety of ornamental fishes in commerce, as well as information on where specimens came from and whether they were wild-caught or captive-bred.
The US market dominated the North America Ornamental Fish Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,780.5 million by 2028. The Canada market is estimated to grow at a CAGR of 10.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.3% during (2022 - 2028).
Based on Application, the market is segmented into Commercial and Household. Based on Product, the market is segmented into Tropical Freshwater, Temperate, and Marine. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Ornamental Fish Market is Estimated to reach $8.6 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aqua-Nautic Specialist Pte Ltd., AlgaeBarn, LLC, bioAquatiX, Imperial Tropicals, Oasis Fish Farm, Sanyo Aquarium (Pte) Ltd., Qian Hu Corporation Limited, Sunbeam Aquarium Pte Ltd., and Tropical Fish International Pte Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Tropical Freshwater
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Aqua-Nautic Specialist Pte Ltd.
- AlgaeBarn, LLC
- Imperial Tropicals
- Oasis Fish Farm
- Sanyo Aquarium (Pte) Ltd.
- Qian Hu Corporation Limited
- Sunbeam Aquarium Pte Ltd.
- Tropical Fish International Pte Ltd.
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