The global market for residential ornamental fish experienced significant strength in 2020 and is anticipated to exhibit a consistent compound annual growth rate (CAGR) in terms of revenue throughout the projected period. The steady rise in demand for a luxurious lifestyle, augmented disposable incomes, and the growing prevalence of issues like stress and anxiety among both young and adult populations are the primary drivers behind the revenue growth of the global market.
Across the world, aquariums have become an integral component of home decoration. Keeping pet fish indoors has been a widely practiced hobby globally for numerous years. Ornamental fish are gaining increasing popularity due to several studies indicating their ability to reduce stress levels, alleviate pain and anxiety, enhance sleep quality, and even contribute to lowering blood pressure and heart rate. These fish exhibit captivating colors and patterns, and a diverse range of species is available for individuals to maintain in their home aquariums.
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Top 10 Profiled in the Global Tropical Residential Ornamental Fish Market Report:
Liuji, Jiahe, Haojin, Oasis Fish Farm, Aqua Leisure, Imperial Tropicals, Florida Tropical Fish Direct, BioAquatix and Chongqing Shanghua.
Major Driving Factors of Tropical Residential Ornamental Fish Market
- Increasing Demand for Luxury Lifestyle: There is a steady inclination towards a luxury lifestyle, and ornamental fish are considered an essential element of home decor. The desire for an aesthetically pleasing living environment drives the demand for residential ornamental fish.
- Rising Disposable Income: The growth of the middle-class population and increasing disposable income levels across various regions have enabled more individuals to afford and engage in hobbies such as maintaining home aquariums with ornamental fish.
- Health and Well-being Benefits: Studies have shown that keeping ornamental fish indoors can have positive effects on mental and physical health. These fish are believed to reduce stress levels, alleviate anxiety, improve sleep quality, and even contribute to lowering blood pressure and heart rate. As awareness of these benefits spreads, the demand for ornamental fish as pets increases.
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
An analysis of the Tropical Residential Ornamental Fish Market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Tropical Residential Ornamental Fish Market, a country-by-country analysis of the market is provided in the report.
The global Tropical Residential Ornamental Fish Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Cold-water Fish
- Tropical Fish
- Marine Fish
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Living Room
- Kitchen
- Balcony
- Others
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