North America Reef Aquarium Market Size, Share & Industry Trends Analysis Report By Product (Component, Natural, and Artificial), By End Use, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Reef Aquarium Market would witness market growth of 10.3% CAGR during the forecast period (2021-2027).
Reef aquariums have lighting, a stand, a sump, a refugium, a canopy, filtration, and water movement, among other things. Small water volume and water quality variations, on the other hand, necessitate extra attention as compared to aquariums with greater water volumes. Zoos, residences, and oceanariums can all get benefit from reef aquarium. The adoption of Reef Aquarium is expected to increase over the forecast period due to changing lifestyles and rising pet adoption.
Pet cams and automatic filters, among other technological improvements in the pet care business, have aided market expansion. It is now easier than ever to cultivate and maintain a healthy aquarium at home due to modern technology. For example, monitoring aquarium water chemistry has always been a problem, but modern in-tank equipment can now provide real-time observations for everything from pH levels to water hardness.
Fishing has long been one of the most popular forms of amusement for people all over the region. The United States of America is a major importer of ornamental fish around the world. Every year, a large number of fish and invertebrates are imported into the US to suit the demand of people who want to keep different kinds of aquariums in the region. The United States, as the world's largest importer of coral reef animals for curios, jewellery, and aquariums, creates more demand for reel aquarium too.
The US market dominated the North America Reef Aquarium Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,848.5 million by 2027. The Canada market is expected to witness a CAGR of 12.8% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 11.8% during (2021 - 2027).
Based on Product, the market is segmented into Component, Natural, and Artificial. Based on End Use, the market is segmented into Household, Zoo & Oceanarium, and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Reef Aquarium Market is Estimated to reach $8.4 Billion by 2027, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Jebao Co. Ltd., Central Garden & Pet Company, Mars, Inc. (API Fish Care), EHEIM GmbH & Co. KG, Spectrum Brands Holdings, Inc., Aqua Design Amano Co., Ltd., Azoo Bio Corporation (Taikong Corporation), OASE GmbH (Argand Partners, LP), Tropical Marine Centre Ltd., and Monkfield Nutrition Ltd. (Arcadia Aquatic).
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Zoo & Oceanarium
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Jebao Co. Ltd.
- Central Garden & Pet Company
- Mars, Inc. (API Fish Care)
- EHEIM GmbH & Co. KG
- Spectrum Brands Holdings, Inc.
- Aqua Design Amano Co., Ltd.
- Azoo Bio Corporation (Taikong Corporation)
- OASE GmbH (Argand Partners, LP)
- Tropical Marine Centre Ltd.
- Monkfield Nutrition Ltd. (Arcadia Aquatic)
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