Ornamental Fish Market Share, Size and Development Trends of Analysis Report 2025

Posted on 2021-07-19 by researchinsights in Industrial // 0 Comments

Felton, California , USA, July 19 2021 — /EPR Network/ — Global Ornamental Fish Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.

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To gain insightful analyses of the market and have a comprehensive understanding of the global Ornamental Fish market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the Ornamental Fish market and their impact in the global market.
Learn about the Ornamental Fish market strategies that are being adopted by leading respective organizations.
To understand the outlook and prospects for the market.
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The global ornamental fish market size is projected to touch USD 8.6 billion by 2025, according to a new report by Million Insights. The market is anticipated to grow at a CAGR of 8.1% over the forecast period. Growing awareness about the importance of ornamental fishes in reducing stress level and providing an aesthetically appealing environment is attributing to the growth of the market. Further, the growing trend of the nuclear family in countries such as the U.K, U.S and Germany are supplementing the adoption of pets, which, in turn, is augmenting the market growth.

Around 68% of the households in the U.S owned a pet in 2018 as per The National Pet Owners Survey. Of them, over 2.5 million households in the country have saltwater fish and 12.5 million freshwater fish. Thus, the increasing number of fish as a pet is likely to proliferate product demand.

Tropical freshwater fishes accounted for USD 2.6 billion of the market size in 2018. Easy maintenance associated with such fishes is expected to strengthen their demand over the forecast period. These species have comparatively higher lifespan than others, thereby, gaining huge traction among consumers. Additionally, availability in a different color is attracting consumers to invest in these species.

The commercial segment is anticipated to witness a CAGR of 8.4% over the forecast duration. Growing adoption of ornamental fishes in various commercial places such as restaurants, malls, and hotels is driving the segment growth. Construction of such commercial buildings is on the rise in emerging countries such as India and China.

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