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Global ornamental fish market was valued USD 6800 Million in 2019 and is forecast to reach USD 11336.47 Million by 2025, growing at a CAGR of over 10% through 2025. Anticipated growth in the market can be attributed to changing lifestyle and growing preference of millennials in keeping aquarium as home du00e9cor item. https://bit.ly/3i3Nu0d
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Published: October 2020 Published: December 2020 2015 – 2025 2015 – 2025 GLOBAL ORNAMENTAL FISH MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING 1
Table of Contents S. No. Contents 1. 2. 3. 4. 5. Product Overview Research Methodology Impact of COVID-19 on Global Ornamental Fish Market Executive Summary Global Ornamental Fish Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast Air Coolers 5.2.1. By Type (Tropical Fresh Water, Temperate Fresh Water, Marine Ornamentals) 5.2.2. 5.2.3. By Application (Residential, Commercial) By Point of Sale (Dedicated Stores, Multi-Specialty stores, Online, Others) 5.2.4. By Region (Asia-Pacific, North America, Europe, South America, MEA) 5.2.5. By Company (2019) 5.3. Market Attractiveness Index 6. Europe Ornamental Fish Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Type 6.2.2. By Application 6.2.3. By Point of Sale 6.2.4. By Country 6.3. Pricing Analysis 6.4. Europe: Country Analysis 2 © TechSci Research
Table of Contents S. No. Contents Air Coolers United Kingdom Ornamental Fish Market Outlook 6.4.1. Market Size & Forecast 6.4.1.1. 6.4.1.1.1. By Value Market Share & Forecast 6.4.1.2. By Type 6.4.1.2.1. By Application 6.4.1.2.2. By Point of Sale 6.4.1.2.3. Germany Ornamental Fish Market Outlook 6.4.2. Market Size & Forecast 6.4.2.1. 6.4.2.1.1. By Value Market Share & Forecast 6.4.2.2. By Type 6.4.2.2.1. By Application 6.4.2.2.2. By Point of Sale 6.4.2.2.3. France Ornamental Fish Market Outlook 6.4.3. Market Size & Forecast 6.4.3.1. 6.4.3.1.1. By Value Market Share & Forecast 6.4.3.2. By Type 6.4.3.2.1. By Application 6.4.3.2.2. By Point of Sale 6.4.3.2.3. Italy Ornamental Fish Market Outlook 6.4.4. Market Size & Forecast 6.4.4.1. 6.4.4.1.1. By Value 3 © TechSci Research
Table of Contents S. No. Contents Air Coolers By Type Market Share & Forecast 6.4.4.2. 6.4.4.2.1. By Application 6.4.4.2.2. By Point of Sale 6.4.4.2.3. Spain Ornamental Fish Market Outlook 6.4.5. Market Size & Forecast 6.4.5.1. 6.4.5.1.1. By Value Market Share & Forecast 6.4.5.2. By Type 6.4.5.2.1. By Application 6.4.5.2.2. By Point of Sale 6.4.5.2.3. 7. North America Ornamental Fish Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Application 7.2.3. By Point of Sale 7.2.4. By Country 7.3. Pricing Analysis 7.4. North America: Country Analysis 4 © TechSci Research
Table of Contents S. No. Contents Page No. United States Ornamental Fish Market Outlook 7.4.1. Air Coolers Market Size & Forecast 7.4.1.1. 7.4.1.1.1. By Value Market Share & Forecast 7.4.1.2. By Type 7.4.1.2.1. By Application 7.4.1.2.2. By Point of Sale 7.4.1.2.3. Canada Ornamental Fish Market Outlook 7.4.2. Market Size & Forecast 7.4.2.1. 7.4.2.1.1. By Value Market Share & Forecast 7.4.2.2. By Type 7.4.2.2.1. By Application 7.4.2.2.2. By Point of Sale 7.4.2.2.3. Mexico Ornamental Fish Market Outlook 7.4.3. Market Size & Forecast 7.4.3.1. 7.4.3.1.1. By Value Market Share & Forecast 7.4.3.2. 7.4.3.2.1. By Type 7.4.3.2.2. By Application 7.4.3.2.3. By Point of Sale 5 © TechSci Research
Table of Contents S. No. 8. Contents Asia-Pacific Ornamental Fish Market Outlook Air Coolers 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Application 8.2.3. By Point of Sale 8.2.4. By Country 8.2.5. Pricing Analysis 8.4.1. China Ornamental Fish Market Outlook 8.4.1.1. Market Size & Forecast 8.4.1.1.1. By Value 8.4.1.2. Market Share & Forecast 8.4.1.2.1. By Type 8.4.1.2.2. By Application 8.4.1.2.3. By Point of Sale 8.4.2. Japan Ornamental Fish Market Outlook 8.4.2.1. Market Size & Forecast 8.4.2.1.1. By Value 8.4.2.2. Market Share & Forecast By Type 8.4.2.2.1. By Application 8.4.2.2.2. By Point of Sale 8.4.2.2.3. 6 © TechSci Research
Table of Contents S. No. Contents Page No. Air Coolers 8.4.3. Singapore Ornamental Fish Market Outlook 8.4.3.1. Market Size & Forecast 8.4.3.1.1. By Value 8.4.3.2. Market Share & Forecast By Type 8.4.3.2.1. By Application 8.4.3.2.2. By Point of Sale 8.4.3.2.3. 8.4.4. India Ornamental Fish Market Outlook 8.4.4.1. Market Size & Forecast 8.4.4.1.1. By Value 8.4.4.2. Market Share & Forecast By Type 8.4.4.2.1. By Application 8.4.4.2.2. By Point of Sale 8.4.4.2.3. Thailand Ornamental Fish Market Outlook 8.4.5. Market Size & Forecast 8.4.5.1. 8.4.5.1.1. By Value Market Share & Forecast 8.4.5.2. By Type 8.4.5.2.1. By Application 8.4.5.2.2. By Point of Sale 8.4.5.2.3. 7 © TechSci Research
Table of Contents S. No. Contents 9. South America Ornamental Fish Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Application 9.2.3. By Point of Sale 9.2.4. By Country 9.3. Pricing Analysis 9.4. South America: Country Analysis Brazil Ornamental Fish Market Outlook 9.4.1. 9.4.1.1. Market Size & Forecast 9.4.1.1.1. By Value 9.4.1.2. Market Share & Forecast By Type 9.4.1.2.1. By Application 9.4.1.2.2. By Point of Sale 9.4.1.2.3. Argentina Ornamental Fish Market Outlook 9.4.2. 9.4.2.1. Market Size & Forecast 9.4.2.1.1. By Value 9.4.2.2. Market Share & Forecast By Type 9.4.2.2.1. By Application 9.4.2.2.2. By Point of Sale 9.4.2.2.3. 8 © TechSci Research
Table of Contents S. No. Contents Colombia Ornamental Fish Market Outlook 9.4.3. Market Size & Forecast 9.4.3.1. 9.4.3.1.1. By Value Market Share & Forecast 9.4.3.2. By Type 9.4.3.2.1. By Application 9.4.3.2.2. By Point of Sale 9.4.3.2.3. 10 Middle East & Africa Ornamental Fish Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Type 10.2.2. By Application 10.2.3. By Point of Sale 10.2.4. By Country 10.3. Pricing Analysis 10.4. Middle East & Africa: Country Analysis 10.4.1. UAE Ornamental Fish Market Outlook 10.4.1.1. Market Size & Forecast 10.4.1.1.1. Market Share & Forecast By Value 10.4.1.2. 10.4.1.2.1. By Type 10.4.1.2.2. By Application 10.4.1.2.3. By Point of Sale 9 © TechSci Research
Table of Contents S. No. Contents Page No. Saudi Arabia Ornamental Fish Market Outlook 10.4.2. Market Size & Forecast 10.4.2.1. 10.4.2.1.1. By Value Market Share & Forecast 10.4.2.2. By Type 10.4.2.2.1. By Application 10.4.2.2.2. By Point of Sale 10.4.2.2.3. Israel Ornamental Fish Market Outlook 10.4.3. 10.4.3.1. Market Size & Forecast 10.4.3.1.1. By Value 10.4.3.2. Market Share & Forecast By Type 10.4.3.2.1. By Application 10.4.3.2.2. By Point of Sale 10.4.3.2.3. 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trend and Developments 10 © TechSci Research
Table of Contents S. No. Contents Page No. 13. Competitive Landscape Aqua Nautic Specialist (ANS) Pte Ltd 13.1. Tropical Fish International Pte Ltd 13.2. Sunbean Aquarium Pte Ltd 13.3. Sanyo Aquarium (Pte) Ltd 13.4. Qian Hu Fish Farm Trading 13.5. AlgaeBarn LLC 13.6. BioAquatix 13.7. Imperial Tropicals 13.8. Oasis Fish Farm 13.9. Sagar Fish Aquarium 13.10. 14. Strategic Recommendations 15. About Us & Disclaimer 11 © TechSci Research
Product Overview Scope of Interest: Ornamental Fish Fish that are kept in home aquariums, or for aesthetic purposes, are considered ornamental fish. These fish encompass a wide variety of species, of many shapes, sizes, and colors. Ornamental fish are also known as living jewels. There are more than 30,000 fish species reported around the world, of which, about 800 belong to ornamental fish category. Most of the ornamental fish survive in freshwater. They come under eight closely related families namely, Anabantidae, Callichthyidae, Characidae, Cichlidae, Cobitidae, Cyprinodontidae, Cyprinidae and Poeciliidae. Market Segmentation TYPE APPLICATION ORNAMENTAL FISH MARKET ORNAMENTAL FISH MARKET Year Range Tropical Fresh Water • Residential • Temperate Fresh Water • Commercial • Marine Ornamentals • Review Period 2015 – 2018 Base Year POINT OF SALE REGION 2019 Europe • Dedicated Stores • Estimated Year North America • Multi-Specialty Stores • 2020 Asia-Pacific • Online • South America • Others • Forecast Period Middle East & Africa • 2021 – 2025 13 © TechSci Research
Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation In-depth secondary research was conducted to determine top players in global ornamental fish market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about global ornamental fish market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources ✓ ✓ ✓ ✓ ✓ ✓ LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Factiva Hoovers ✓ ✓ ✓ ✓ 15 © TechSci Research
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global ornamental fish market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global ornamental fish market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the global ornamental fish to obtain the overall market size during 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2015-2019. 16 © TechSci Research
Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by type, by application, by point of sale, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: Market shares by type, by application, by point of sale, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading ornamental fish players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in global ornamental fish market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 17 © TechSci Research
Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the Global Ornamental Fish market, TechSci Research used various forecast techniques such as: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Aqua Nautic Specialist, AlgaeBarn LLC, BioAquatix, Sunbeam Aquarium Pte Ltd, Fisheshop Partial List of Companies Interviewed Aqua Pvt Ltd, Sanyo Aquarium (Pte) Ltd, Trop Aquarium, Qian Hu Fish Farm Trading Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Partial List Secondary Sources Websites, TechSci Research Proprietary Database & Knowledge Repository etc. 18 © TechSci Research
Market Segment Definitions The report is inclusive of organized and unorganized players in ornamental fish market. The product type include: By Type Tropical Fresh Water: Fish species in this group are sourced from Tropical regions throughout the world. This group covers a • large range of species and consists of many species such as Elephant Nose and Black Ghost Knife Fish. It also includes other species such as Neon Tetra and goldfish. Temperate Fresh Water: Temperate fish have evolved to live in water at a temperature of 14–24°C, they are not cold • water fish, nor are they strictly tropical. These fish species are quite happy in a filtered, unheated aquarium located in a centrally heated room, but they are unsuitable for a pond or an aquarium in a cold room. Marine Ornamentals: The marine ornamental fishes are inhabitants of coral and rocky areas. They are abundant in the Gulf of • Mannar, Palk Bay and Gulf of Kutch along the mainland coast and in the Lakshadweep and Andaman Islands. By Point of Sale Dedicated Stores: Dedicated stores are shops explicitly for fish species & aquarium. They have specific fixed clients: those who • love having fish and are passionate about their coexistence. 19 © TechSci Research
Market Segment Definitions Multi Specialty Stores: A multi-specialty store is a shop/store that carries a deep assortment of brands, styles, or models in • different categories of products including ornamental fish. Online: It includes ordering of ornamental fish species and aquarium from online mode. • By Application Residential Segment: It includes purchase of ornamental fish in single-family home, multi-family residential • dwelling/societies, town houses, small apartments etc. Commercial Segment: It includes purchase of ornamental fish in commercial buildings like Hotels, Schools, Hospitals, Office • Spaces, Shopping Centers and others. 20 © TechSci Research
Industry Brief According to TechSci Research report, “Global Ornamental Fish Market By Type (Tropical Fresh Water, Temperate Fresh Water, Marine Ornamentals), By Application (Residential, Commercial), By Point of Sale (Dedicated Stores, Multi-Specialty stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2025”, global ornamental fish market was valued USD 6800 Million in 2019 and is forecast to reach USD 11336.47 Million by 2025, growing at a CAGR of over 10% through 2025. Growth in the ornamental fish market is directly proportional to changing lifestyle of people across the globe. Increasing spending power of the consumers coupled with growing preference of millennials in keeping aquariums as a home decor item are likely to propel demand for ornamental fish in the coming years. The use of ornamental fish in household aquariums provides psychological advantages to the house members, and hence, the trend is witnessing a rise across the globe. Aquariums also help in reducing stress after a daily hectic schedule and provide calm effect on the members of the house. These factors are expected to propel the demand for ornamental during the forecast period. Rising interest in keeping ornamental species, coupled with the introduction of different types of exotic species with attractive colors, is a major trend in ornamental fish market that is expected to prevail in the coming years. Moreover, ornamental aqua species have a calming and tranquil effect on people who prefer to watch them glide serenely through the water, which in turn will drive the market during the forecast period. In terms of type, global ornamental fish market is categorized into tropical fresh water, temperate fresh water and marine ornamentals. Hard candies accounted for share of 65.05% of the global Ornamental Fish market in 2019. On the other hand, compressed lozenges are expected to witness a steady growth during forecast period owing to their long-lasting ability and prolonged dissolution time of these candies, which provide long lasting relief. Tropical fresh water fish species is the major fish type in global ornamental fish market accounting for a share of around 58.27% in 2019. Guppies and Nenon Tetra are some of the examples of popular tropical fresh water fish species. Most of the species under this tropical fish water category are easy to care and available in many colors. Furthermore, new pet owners prefer to keep tropical freshwater ornamental fish due to its convenience and unique colors, which continues to propel demand for tropical fresh water fish species. Some of the major players operating in global ornamental fish market are Aqua Nautic Specialist (ANS) Pte Ltd, Tropical Fish International Pte Ltd, Sunbean Aquarium Pte Ltd, Sanyo Aquarium (Pte) Ltd, Qian Hu Fish Farm Trading, AlgaeBarn LLC, BioAquatix.com, Imperial Tropicals, Inc., Oasis Fish Farm Co., and Sagar Fish Aquarium. “Europe is the largest region accounted for a share of 38.53% in the global ornamental fish market. A large number of population across the region prefers to spend their leisure time with pets, especially fish at home. Keeping ornamental fish can reduce stress and provide home comfort, which is driving a large number of people to purchase ornamental fish in Europe. It is the second most popular hobby across the region after photography. UK, Germany and France are some of the key markets in European ornamental fish market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 21 21 21 © TechSci Research
Sample Data - Snapshot Global Ornamental Fish Market Size, By Value (USD Million), 2015-2025F CAGR 2020E-2025F By Value: xx% CAGR 2015-2019 By Value: xx% 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Value (USD Million) North America Ornamental Fish Market Share, By Type, By Value, 2015-2025F 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Tropical Fresh Water 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% Temperate Fresh Water 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Marine Ornamentals 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% United States Ornamental Fish Market Share, By Point of Sale, By Value, 2015-2025F 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Dedicated Stores 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% Multi-Specialty Stores 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Online 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Others 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 22 22 22 © TechSci Research
Report Ordering Report Name: GLOBAL ORNAMENTAL FISH MARKET, FORECAST AND OPPORTUNITIES 2015 – 2025 License Type Price Single User License $4450 Multi-User License $5450 Custom Research License $9450 To View Sample OR Purchase Report 23 23 23 © TechSci Research
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