According to a new report, published by KBV research, The Global Ornamental Fish Market size is expected to reach $8.6 billion by 2028, rising at a market growth of 8.0% CAGR during the forecast period.
The Household segment is showcasing a CAGR of 10.6% during (2022 - 2028). Due to the Newer functions such as automatic feeding systems, adjustable lighting, and water treatment systems provide ease of maintenance and more controllability, further encouraging residential users to embrace ornamental fish. In contrast to enormous bodies of water, an aquarium provides a highly unstable environment for the fish it houses. It retains water that is susceptible to extremely changeable circumstances that cause rapid changes.
The Tropical Freshwater segment acquired maximum revenue share in the Global Ornamental Fish Market by Product in 2021; thereby, achieving a market value of $4.3 billion by 2028. Due to the ease with these fish may be cared for and the diversity of colors available Guppy, Molly, Zebra Danio, and other tropical freshwater fish are among the finest for beginners. Guppy and Molly come in a variety of hues. Zebra Danios are purchased in groups of five because they are school fish that become agitated or anxious if left alone.
The Europe market dominated the Global Ornamental Fish Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.3 billion by 2028. The North America market is estimated to witness a CAGR of 7.8% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/ornamental-fish-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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