The Asia Pacific Ornamental Fish Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
It is well known that watching ornamental aquatic species float serenely over the water has a calming and relaxing impact on people. Many young consumers have been seen to prefer purchasing attractive fish species primarily for ornamental purposes due to their enticing traits and unique attributes. As a result, the ornamental fish market has grown at an exponential rate. Furthermore, recent technical improvements in the sector, such as pet cams and automatic filtration, have increased the demand for pet adoption. For example, monitoring aquarium water chemistry has always been a worry, but modern in-tank equipment can now provide real-time measurements for everything from pH levels to water hardness, making it much easier to maintain optimal conditions.
In comparison to huge food-fish production operations, aquarium fish production facilities are frequently modest. Fish are primarily raised in small-large tanks and outdoor ponds, with many small tanks and aquaria housed indoors. The growth of ornamental fish in indoor facilities employing water-recirculation systems is gaining popularity. Indoor cultivation takes advantage of recent advances in husbandry practices and water filtering technologies. By preventing the migration of farmed fish and reducing water use, ornamental fish farming in indoor facilities utilizing water-recirculating devices can further reduce any potential environmental impact. The small-scale character of an ornamental fish farming system, whether outdoors or indoors, reduces the environmental effect and maximizes the utilization of land, labor, capital, and operational costs.
Each year, a large number of ornamental fishes are imported into Australia for stocking into household aquaria or garden ponds, and it is estimated that between 12 and 14 percent of Australians keep aquaria. Some of these ornamental fish would inevitably end up in natural waterways, and while many would perish, some would develop wild populations. As a result, over the last 20-30 years, the number of foreign freshwater ornamental fish species establishing wild populations in Australia has increased. Up to 30 of the 41 alien fish species presently known to have established populations in Australia are considered to have arrived via the ornamental fish trade.
India's inland and marine waters are home to a diverse range of ornamental fish, with over 195 indigenous types documented from the North-East and the Western Ghats, and approximately 400 species from marine habitats. The most important fish exported from India are wild species taken from rivers in the North-East and Southern States, which account for roughly 85% of the country's total decorative fish exports.
The China market dominated the Asia Pacific Ornamental Fish Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $672.6 million by 2028. The Japan market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 9.3% during (2022 - 2028).
Based on Application, the market is segmented into Commercial and Household. Based on Product, the market is segmented into Tropical Freshwater, Temperate, and Marine. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Ornamental Fish Market is Projected to reach USD 8.6 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Application
By Product
- Tropical Freshwater
- Temperate
- Marine
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Tropical Fish International Pte Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Ornamental Fish Market, by Application
1.4.2 Asia Pacific Ornamental Fish Market, by Product
1.4.3 Asia Pacific Ornamental Fish Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Ornamental Fish Market by Application
3.1 Asia Pacific Commercial Market by Country
3.2 Asia Pacific Household Market by Country
Chapter 4. Asia Pacific Ornamental Fish Market by Product
4.1 Asia Pacific Tropical Freshwater Market by Country
4.2 Asia Pacific Temperate Market by Country
4.3 Asia Pacific Marine Market by Country
Chapter 5. Asia Pacific Ornamental Fish Market by Country
5.1 China Ornamental Fish Market
5.1.1 China Ornamental Fish Market by Application
5.1.2 China Ornamental Fish Market by Product
5.2 Japan Ornamental Fish Market
5.2.1 Japan Ornamental Fish Market by Application
5.2.2 Japan Ornamental Fish Market by Product
5.3 India Ornamental Fish Market
5.3.1 India Ornamental Fish Market by Application
5.3.2 India Ornamental Fish Market by Product
5.4 South Korea Ornamental Fish Market
5.4.1 South Korea Ornamental Fish Market by Application
5.4.2 South Korea Ornamental Fish Market by Product
5.5 Singapore Ornamental Fish Market
5.5.1 Singapore Ornamental Fish Market by Application
5.5.2 Singapore Ornamental Fish Market by Product
5.6 Malaysia Ornamental Fish Market
5.6.1 Malaysia Ornamental Fish Market by Application
5.6.2 Malaysia Ornamental Fish Market by Product
5.7 Rest of Asia Pacific Ornamental Fish Market
5.7.1 Rest of Asia Pacific Ornamental Fish Market by Application
5.7.2 Rest of Asia Pacific Ornamental Fish Market by Product
Chapter 6. Company Profiles
6.1 Aqua-Nautic Specialist Pte Ltd.
6.1.1 Company Overview
6.2 AlgaeBarn, LLC
6.2.1 Company Overview
6.3 bioAquatiX
6.3.1 Company Overview
6.4 Imperial Tropicals
6.4.1 Company Overview
6.5 Oasis Fish Farm
6.5.1 Company Overview
6.6 Sanyo Aquarium (Pte) Ltd.
6.6.1 Company Overview
6.7 Qian Hu Corporation Limited
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.8 Sunbeam Aquarium Pte Ltd.
6.8.1 Company Overview
6.9 Tropical Fish International Pte Ltd.
6.9.1 Company Overview
TABLE 1 Asia Pacific Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Household Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Household Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Tropical Freshwater Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Tropical Freshwater Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Temperate Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Temperate Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Marine Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Marine Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Ornamental Fish Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Ornamental Fish Market by Country, 2022 - 2028, USD Million
TABLE 19 China Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 20 China Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 21 China Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 22 China Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 23 China Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 24 China Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 25 Japan Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 26 Japan Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 27 Japan Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 28 Japan Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 29 Japan Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 30 Japan Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 31 India Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 32 India Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 33 India Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 34 India Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 35 India Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 36 India Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 37 South Korea Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 38 South Korea Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 39 South Korea Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 40 South Korea Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 41 South Korea Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 42 South Korea Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 43 Singapore Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 44 Singapore Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 45 Singapore Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 46 Singapore Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 47 Singapore Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 48 Singapore Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 49 Malaysia Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 50 Malaysia Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 51 Malaysia Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 52 Malaysia Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 53 Malaysia Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 54 Malaysia Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 55 Rest of Asia Pacific Ornamental Fish Market, 2018 - 2021, USD Million
TABLE 56 Rest of Asia Pacific Ornamental Fish Market, 2022 - 2028, USD Million
TABLE 57 Rest of Asia Pacific Ornamental Fish Market by Application, 2018 - 2021, USD Million
TABLE 58 Rest of Asia Pacific Ornamental Fish Market by Application, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Ornamental Fish Market by Product, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific Ornamental Fish Market by Product, 2022 - 2028, USD Million
TABLE 61 Key Information – Aqua-Nautic Specialist Pte Ltd.
TABLE 62 Key Information – AlgaeBarn, LLC
TABLE 63 Key Information – bioAquatiX
TABLE 64 Key Information – Imperial Tropicals
TABLE 65 Key Information – Oasis Fish Farm
TABLE 66 Key Information – Sanyo Aquarium (Pte) Ltd.
TABLE 67 Key Information – Qian Hu Corporation Limited
TABLE 68 Key Information – Sunbeam Aquarium Pte Ltd.
TABLE 69 Key Information – Tropical Fish International Pte Ltd.
List of Figures
FIG 1 Methodology for the research