The global aquarium market is anticipated to grow at a CAGR of 5.6%during the forecast period (2022-2028). The global aquarium market is primarily driven by an increase in population demand for ornamental fishes, as well as the aesthetic benefits of having an aquarium at home. Consumers are becoming more interested in maintaining fish in aquariums and decorating them with decorative plants and other invertebrate species since it gives therapeutic benefits and also helps to relieve tension among hospital patients.
North America dominates the global aquarium market owing to the US is leading country for aquariums among the region’s key regional markets, that include the US and Canada. Fishing has long been one of the most popular forms of amusement for people across the globe. The US is a major importer of ornamental fish across the globe. Every year, a large number of fish and invertebrates are imported into the U S to suit the demand of hobbyists in the region. A number of fish clubs and groups in the region are also driving demand by helping to expand the hobby and raise awareness of these endangered species. These factors are also increasing demand for aquarium accessories,that is helping to propel the market forward. Apart from North America, demand for fish pets is increasing in other regions, propelling the global aquarium accessories industry forward in the approaching years.
The development of technologically improved products is driving demand for aquariums. The aquarium is becoming easier to maintain and clean as the equipment becomes smaller, smarter, and more effective. Aquariums are growing smaller, and corals and other delicate reef vertebrates are being housed. Another factor contributing to the rise in aquarium accessory demand is product innovation in ornamental products. Underwater illumination with LED lights, is one of the most frequent types of new aquarium equipment. The majority of aquariums are constructed with high-end rectangular glass, as well as custom-tailored water and marine coral filter systems and climates. As a result, the increasing number of aquariums in commercial and residential areas is likely to boost the market growth in the future years.
For commercial aquariums, aquarium fish are an important commodity. These sea animals not only create a gorgeous background for the setting but also add depth and significance to it. They can also be used in classrooms, where teachers can utilize them to teach students about different species or environments acrossthe globe.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Aqua Design Amano Co., Ltd., Central Garden & Pet Co., EHEIM GmbH & Co. KG., Interpet, Juwel Aquarium, among others.
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Global Aquarium Market Report by Segment
By Product Type
- Aquarium Tank
- Filtration Equipment
- Temperature Control Equipment
- Lighting Equipment
- Oxygen Equipment
By Application
- Household & Office
- Commercial
- Zoo & Oceanarium
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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