The Europe Reef Aquarium Market would witness market growth of 10.1% CAGR during the forecast period (2021-2027).
Coastal communities all across the Europe rely on coral reef ecosystems for food and income. The most serious issues are pollution and silt from agriculture and industry, as well as overexploitation of fisheries resources, but due to the fragility of reef ecosystems, even less harmful threats can no longer be disregarded. The harvesting of coral, fish, and other organisms for the aquarium, jewellery, and curio markets, as well as live fish for restaurants, is one of the most prominent of these.
When fishes are not fed during storage, cyanide is secreted into the bloodstream and kills the fish when they begin to eat in their new tank or if they experience even minor shock. Although precise data are impossible to get, estimates of the proportion of tropical live fish harvested using cyanide range from 75 percent to 90 percent globally, with some nations reporting as high as 90 percent.
Governments across this region are framing policies that protects coral reef species from overexploitation and prevents damaging harvest practises, which would be required to ensure a sustainable trade in coral reef animals. The establishment of data-gathering and monitoring systems in both exporting and importing countries is a critical first step in obtaining precise species-specific information on the ornamental trade, including both the number of organisms shipped and their survival from harvest to consumer.
The Germany market dominated the Europe Reef Aquarium Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $707.7 million by 2027. The UK market would witness a CAGR of 9.3% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 10.9% during (2021 - 2027).
Based on Product, the market is segmented into Component, Natural, and Artificial. Based on End Use, the market is segmented into Household, Zoo & Oceanarium, and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Reef Aquarium Market Size will Hit $8.4 Billion by 2027, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Jebao Co. Ltd., Central Garden & Pet Company, Mars, Inc. (API Fish Care), EHEIM GmbH & Co. KG, Spectrum Brands Holdings, Inc., Aqua Design Amano Co., Ltd., Azoo Bio Corporation (Taikong Corporation), OASE GmbH (Argand Partners, LP), Tropical Marine Centre Ltd., and Monkfield Nutrition Ltd. (Arcadia Aquatic).
By Product
By End Use
By Country
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