As per newly released data by Future Market Insights (FMI), the aquarium decor market is estimated at USD 2,648.2 million in 2023 and is projected to reach USD 4,313.6 million by 2033, at a CAGR of 5.0% from 2023 to 2033. The aquarium decor market share in its parent market is 2% to 6%.
Attribute | Details |
---|---|
Aquarium decor Market Estimated Size (2023) | USD 2,648.2 million |
Aquarium decor Market Projected Size (2033) | USD 4,313.6 million |
Aquarium decor Value-based CAGR (2023 to 2033) | 5.0% |
Aquarium decor Market Top players market share | 5% to 10% |
The global aquarium décor market is estimated to progress owing to an increase in the culture of fish adoption. The stability in consumers’ income and living standards is causing the rise in demand in the aquarium décor market. A well-maintained, well-planted aquarium is one of the most attractive living ornaments in most homes, hotels, and restaurants.
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The key trend driving the aquarium decor market is the rise in pet adoption rate, including fish. Due to the growing fascination with the undersea world and its impact on the environment in houses and other residential and business spaces, the worldwide aquarium decor market has grown in popularity over the years.
Aquariums have become a vital interaction with nature for the younger generation and a source of information about aquatic animals. In recent years, keeping fish has been a popular pastime among people all over the world, causing the worldwide aquarium decor industry to develop at a rapid pace.
Nowadays, due to the rise of awareness among consumers about environmental sustainability, they prefer more environmentally friendly products. Consumers demand natural and live plants, toys made from stones, ornaments made from natural material, etc., as they are more durable and biodegradable. Not only has this changed the aquarium décor market outlook, but also impacted the other industries heavily.
Country | 2022 Value Share in Global Market |
---|---|
United States | 5.5% |
Germany | 3.0% |
Japan | 4.6% |
Country | CAGR (2023 to 2033) |
---|---|
China | 6.0% |
India | 4.0% |
United Kingdom | 3.9% |
China is always leading in plastic toys manufacturing
China has always led the plastic toy market globally. In recent years China has been investing more money in research and development. They are developing high-technology plastic toys as aquarium toys. Aquarium décor manufactured in China is found to be durable and sustainable for the environment.
Pet adoption is on a rise in the United Kingdom
The United Kingdom is one of the key markets catering to the growing demand for aquarium decor. During the forecast period 2023 to 2033, the United Kingdom aquarium décor market is likely to develop rapidly. In the United Kingdom, many people already have fish and aquariums. This leads to them buying aquarium accessories to make their fishes feel at home and in their natural habitat.
Giving back to the nature is driving the market in the United States
Various benefits supplied by fish attract diverse clients, such as adopting various fish species, connecting with nature, and talking to fish may help you relax. As per recent research, aquarium accessories can assist enhance the rate of survival of fishes in regions where they are present. Thus, in the next years, consumption in the global market sector is expected to increase as consumers become more aware.
Live plants are environment friendly aquarium décor
Various products can be used as aquarium accessories, for example, Plants, Toys, Ornaments, Statues, and Others. The most popular product used as aquarium décor has been planted in recent years. Plants are durable and very environmentally friendly. They help filtrate the aquarium, oxygenate the tank, help in breeding among fishes and provide natural food for the fishes in the aquarium.
Low price range products are preferred by consumers
Aquarium décor comes in three different price ranges: low, medium, and premium. Consumers nowadays prefer the low-price range of aquarium accessories. Low-price range aquarium accessories include natural plants and plastic toys. Natural plant is available at low prices because of easy availability, and one does not need to take exceptional care of them.
E-commerce websites made the most sales in the aquarium décor market
Aquarium décors are sold at different stores like E-commerce Websites. Company Owned Websites, Hypermarkets and Supermarkets, Specialty Stores, and Other Retail Stores. E-commerce websites contributed majorly to the aquarium décor market in recent years. This was due to the travel bans, break in the supply chain during the covid-19 pandemic, and lockdown. E-commerce websites advertised and made sales of aquarium decor using social media platforms like YouTube, Instagram, etc.
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Leading industry players are revolutionizing their product lines by developing attractive aquarium accessories for adopters while offering optimal comfort and function for the fishes.
For instance:
Recent developments
Saving Money and Reducing Carbon Emissions
Several variables affect how much power an aquarium needs, but the biggest ones are the tank's volume and features. A tiny 10-gallon tank would only use around 150kWh per year, which, at an average of 12 cents per kWh, would amount to less than D20 annually. However, the price may grow dramatically if you go for a larger tank and include energy-intensive features like powerful lights and a sump system.
Aquarium lighting accounts for about 45% of total tank utilization, making it the greatest energy consumer among tank equipment. You will need a tank heater to keep the water at tropical temperatures, and a tank filter is essential for any aquarium.
Heating and filtration for most tanks are required around the clock, while illumination can be controlled as needed. However, it is important to remember that different tanks call for various illumination intensity levels. For instance, a planted aquarium may need powerful lighting, whereas a fish-only tank with a single fluorescent bulb for daytime illumination may suffice.
LED lighting has been the most important improvement in aquarium lighting. Compared to the 15-40 watts of a typical fluorescent bulb, the 75-160 watts of power used by VHO bulbs are quite noticeable. The power consumption of metal halides could reach 1,000 watts; adding in the cost of running an auxiliary fan or chiller is an additional consideration.
On the other hand, LED lights use significantly less energy and produce no heat. Additionally, they are available in a range of hues that make it possible to create both daytime and nighttime lighting systems.
Easily Transportable
It is well-known in the aquarium community that a larger tank size makes it easier to keep the tank's conditions consistent. Therefore, it makes sense that a tank with a volume of 10 gallons will be far more affected by a minor change in pH or chemistry than a tank with 100 gallons.
However, the gap is diminishing as modern technology makes tiny equipment and aquarium systems more accessible and user-friendly.
Currently, micro tanks are all the rage in aquarium accessories. When caring for a nano aquarium, even the smallest misstep might have catastrophic effects on the aquatic life inside.
The hood of many nano tanks already has necessary components like lighting and filtration, but you may also require some optional extras. However, compact aquarium equipment is a huge improvement for tanks where you do not want your equipment to detract from the aesthetics in any way, not just nano tanks.
Robotics and Smart Appliances
Once upon a time, the extent of flexibility to automate aquarium processes was limited to setting a timer for tank lights. The use of automatic timers allowed for the control of the on/off schedule of tank illumination and the integration of automatic feeds.
Today, aquariums are at the stage where they may be self-sufficient because of an automated technology.
Thanks to several innovative technologies and aquarium controllers, it is now possible to automate or operate various pieces of aquarium equipment with a single device. For instance, consider the following aquarium controllers.
Temperature Controller/Thermostat
This type of thermostat or temperature controller has a probe that may be placed within the tank. A thermometer and thermostat are connected to the probe. The device turns on or off automatically based on whether the tank's temperature is higher than or lower than the set point.
Automatic Water Addition
Evaporation is a widespread problem in reef aquariums and other tank layouts. Evaporation not only reduces the amount of water in your tank, but it can also disrupt the water's chemistry. Automatic top off (ATO) systems monitor tank levels and either add or remove water as needed.
PH Controller
A pH controller is useful for both freshwater and saltwater aquariums since it helps keep the pH level constant. The pH of your tank can be adjusted to your liking, and a carbon dioxide system can be added to maintain that range. The carbon dioxide system is activated to decrease pH when the probe detects a rise in pH outside the chosen range.
Oxygen Monitor
Dissolved oxygen levels in an aquarium can be tracked with an in-tank probe and portable programmable gadget, known as an oxygen monitor. Having a system that monitors the oxygen/carbon dioxide balance in an aquarium makes it much easier to keep the environment stable.
Aquarium Monitor
Water temperature, pH, and ammonia levels are only some of the water chemistries that may be monitored by aquarium monitors, which are now available alongside more specialized systems like pH controllers. Even though many of these gadgets log data on a PC, some newer models allow you to retrieve this data remotely.
Rapid Repair with a Single Touch
In today's aquariums, some of the most innovative systems are fully autonomous. You can keep an eye on your aquarium from afar and spot any changes or emerging problems with the help of smartphone apps and computer programmes that link with your aquarium equipment. A future possibility is to have all your tank equipment connected to each other and managed from a single device, such as a smartphone or tablet. With the push of a button, you can monitor your tank's vital signs, tweak the settings of your equipment, and even have your tank dosed with chemicals or medications automatically if necessary.
Aquaculture Techniques
Technically speaking, aquaponics is distinct from maintaining an aquarium in that it entails raising fish and using the water and the fish waste to nourish plants. The nitrogen-rich tank water created by the fish's digestion and excrement can then be poured into the plant and vegetable beds.
Plants thrive in the nutrient-rich water, and depending on the fish you maintain, you may be able to use some of the plants as food. A self-sustaining system, it still needs regular inspection and upkeep, but modern tools make that job much simpler.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; MEA |
Key Countries Covered | USA, Canada, Mexico, Brazil, Peru, Chile, Germany, UK, France, Spain, Italy, Russia, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC, Southern Africa, and North Africa |
Key Segments Covered | Product type, Form, End-user Application, Distribution channel. |
Key Companies Profiled | Penn Plax; Qian Hu; Interpet; Jebao; Tropical Marine Centre Spectrum Brands Guangdong Boyu Group; API; Aquaria; AZOO; United Pet Group; ZooMed; Hagen; Blue Ribbon; Hailea Arcadia; Live Aquaria; Aqueon; Guangdong Boyu Group; Spectrum Brands |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
This market is estimated to reach USD 4,313.6 million by 2033.
Penn Plax, Qian Hu, and Interpet are the key market players.
China is always leading in plastic toy manufacturing.
Live plants are the popular product type in the market.
Low-price range products are preferred by consumers.
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