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The United States ornamental fish market is registering a valuation of US$ 1.55 billion in 2023 and is estimated to reach US$ 3.67 billion by 2033. The market is securing a CAGR of 9.0% during the forecast period.
Factors Driving the United States Ornamental Fish Market
Attributes | Details |
---|---|
Market CAGR (2023 to 2033) | 9.0% |
Market Valuation (2023) | US$ 1.55 billion |
Market Valuation (2033) | US$ 3.67 billion |
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Several restraining factors can impact the United States ornamental fish market, including:
According to a report, the market was valued at almost US$1.4 billion in 2018. The market faced several challenges, including disruptions in supply chains, reduced demand, and temporary closures of pet stores and aquariums. It may have impacted the growth rate of the market during the period from 2018 to 2022. The market was predicted to experience moderate growth between 2018 and 2023.
United States Ornamental Fish Market:
Attributes | United States Ornamental Fish Market |
---|---|
CAGR (2023 to 2033) | 9.0% |
Value (2023) | US$ 1.55 billion |
Value (2033) | US$ 3.67 billion |
Trends | Consumers demand ornamental fish to reduce stress, increase popularity, and give aesthetic indoor/outdoor house views. |
Opportunities | The increasing aquaculture industry, key marketing companies, huge investments, and surging educational values by institutes. |
Reef Aquarium Market:
Attributes | Reef Aquarium Market |
---|---|
CAGR (2023 to 2033) | 10.7% |
Value (2023) | US$ 6.62 billion |
Value (2033) | US$ 18.29 billion |
Trends | Growing luxury lifestyle, trends of pet hobbies among millennials, and technological advancement in the pet industry. |
Opportunities | Innovation of cutting-edge technology, strict government regulations, and improved household environment. |
Aquarium Accessories Market:
Attributes | Aquarium Accessories Market |
---|---|
CAGR (2023 to 2033) | 5% |
Value (2023) | US$ 4.73 billion |
Value (2033) | US$ 7.70 billion |
Trends | Rising demand for aqua animals, changing lifestyle, and growing consumers' adoption of aquatic plants. |
Opportunities | The growing demand for aqua pets, the presence of manufacturers, beautiful house decorative items, and key companies. |
The market can be segmented on application into three leading categories: residential, commercial, and public display.
The residential segment includes individual hobbyists who keep ornamental fish in home aquariums. This segment is expected to be a significant segment of the ornamental fish market. The increasing popularity of aquariums and colorful fish species is rising the residential sector revenue during the forecast period.
The commercial segment includes businesses that sell ornamental fish to pet stores, aquarium shops, and other retail outlets. This segment is driven by the demand for ornamental fish among commercial buyers, who purchase fish in huge quantities.
The public display segment includes zoos and other facilities that showcase ornamental fish for educational or entertainment purposes. This segment is driven by high-quality and rare fish species that can attract visitors and enhance their experiences. Due to its maximum share, the residential segment is expected to dominate the United States ornamental fish market.
Tropical freshwater fish is a leading segment of the United States ornamental fish market. This segment includes a wide range of fish species, such as angelfish, tetras, guppies, and cichlids.
Tropical freshwater fish are popular among aquarium hobbyists due to their vibrant colors, unique patterns, and ease of care. They are also relatively affordable compared to other ornamental fish market segments, such as saltwater fish.
Overall, the tropical freshwater fish segment remains strong in the United States. The popularity of ornamental fish species within this segment can vary depending on current trends and availability.
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The United States is one of the leading markets for ornamental fish in terms of consumption and production. According to a report, the United States is the essential importer in the world, accounting for over 20% of global imports.
The United States is also a leading producer of ornamental fish, particularly in Florida. The growing extensive aquaculture industry in the country leads the market expansion. The industry in Florida produces a wide variety of ornamental fish breeding, such as corals and shrimp. Overall, the ornamental fish industry is a significant part of the fish trade.
The ornamental fish market in the United States is a significant industry, and several key players play strategic roles in shaping the market. A few of the strategic roles played by these key players include:
Recent Developments in the United States Ornamental Fish Market:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ billion for Value |
Key Countries Covered | The United States |
Key Segments Covered |
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Key Companies Profiled |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The projected CAGR of the United States Ornamental Fish market by 2033 is 9.0%.
The projected market value by 2033 is US$ 3.67 billion.
The market is estimated to secure a valuation of US$ 1.55 billion in 2023.
The household industry is the key consumer of the United States ornamental fish market.
Aqua-Nautic Specialist, AlgaeBarn, and Tropical Fish International are the three key players in the market.
1. Executive Summary | United States Ornamental Fish Market 1.1. United States Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fish Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Fish Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Fish Type, 2023 to 2033 5.3.1. Cold-water Fish 5.3.2. Tropical Fish 5.3.3. Freshwater Fish 5.3.4. Marine Fish 5.4. Y-o-Y Growth Trend Analysis By Fish Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Fish Type, 2023 to 2033 6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Household 6.3.2. Commercial 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033 7.3.1. Dedicated Stores 7.3.2. Multi-Specialty Stores 7.3.3. Online Channel 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033 8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 8.3.1. United States 8.4. Market Attractiveness Analysis By Region 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. United States 9.2.2. By Fish Type 9.2.3. By Application 9.2.4. By Sales Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Fish Type 9.3.3. By Application 9.3.4. By Sales Channel 9.4. Key Takeaways 10. Key Countries Ornamental Fish Market Analysis 10.1. United States 10.1.1. Pricing Analysis 10.1.2. Market Share Analysis, 2022 10.1.2.1. By Fish Type 10.1.2.2. By Application 10.1.2.3. By Sales Channel 11. Market Structure Analysis 11.1. Competition Dashboard 11.2. Competition Benchmarking 11.3. Market Share Analysis of Top Players 11.3.1. By Regional 11.3.2. By Fish Type 11.3.3. By Application 11.3.4. By Sales Channel 12. Competition Analysis 12.1. Competition Deep Dive 12.1.1. Aqua-Nautic Specialist PTE LTD 12.1.1.1. Overview 12.1.1.2. Product Portfolio 12.1.1.3. Profitability by Market Segments 12.1.1.4. Sales Footprint 12.1.1.5. Strategy Overview 12.1.1.5.1. Marketing Strategy 12.1.1.5.2. Product Strategy 12.1.1.5.3. Channel Strategy 12.1.2. AlgaeBarn LLC 12.1.2.1. Overview 12.1.2.2. Product Portfolio 12.1.2.3. Profitability by Market Segments 12.1.2.4. Sales Footprint 12.1.2.5. Strategy Overview 12.1.2.5.1. Marketing Strategy 12.1.2.5.2. Product Strategy 12.1.2.5.3. Channel Strategy 12.1.3. Tropical Fish International 12.1.3.1. Overview 12.1.3.2. Product Portfolio 12.1.3.3. Profitability by Market Segments 12.1.3.4. Sales Footprint 12.1.3.5. Strategy Overview 12.1.3.5.1. Marketing Strategy 12.1.3.5.2. Product Strategy 12.1.3.5.3. Channel Strategy 12.1.4. bioAquatiX 12.1.4.1. Overview 12.1.4.2. Product Portfolio 12.1.4.3. Profitability by Market Segments 12.1.4.4. Sales Footprint 12.1.4.5. Strategy Overview 12.1.4.5.1. Marketing Strategy 12.1.4.5.2. Product Strategy 12.1.4.5.3. Channel Strategy 12.1.5. Aqua Leisure Sdn Bhd 12.1.5.1. Overview 12.1.5.2. Product Portfolio 12.1.5.3. Profitability by Market Segments 12.1.5.4. Sales Footprint 12.1.5.5. Strategy Overview 12.1.5.5.1. Marketing Strategy 12.1.5.5.2. Product Strategy 12.1.5.5.3. Channel Strategy 12.1.6. Imperial Tropicals 12.1.6.1. Overview 12.1.6.2. Product Portfolio 12.1.6.3. Profitability by Market Segments 12.1.6.4. Sales Footprint 12.1.6.5. Strategy Overview 12.1.6.5.1. Marketing Strategy 12.1.6.5.2. Product Strategy 12.1.6.5.3. Channel Strategy 12.1.7. LiveAquaria 12.1.7.1. Overview 12.1.7.2. Product Portfolio 12.1.7.3. Profitability by Market Segments 12.1.7.4. Sales Footprint 12.1.7.5. Strategy Overview 12.1.7.5.1. Marketing Strategy 12.1.7.5.2. Product Strategy 12.1.7.5.3. Channel Strategy 12.1.8. AQUATIC INTERIORS UNLIMITED INC 12.1.8.1. Overview 12.1.8.2. Product Portfolio 12.1.8.3. Profitability by Market Segments 12.1.8.4. Sales Footprint 12.1.8.5. Strategy Overview 12.1.8.5.1. Marketing Strategy 12.1.8.5.2. Product Strategy 12.1.8.5.3. Channel Strategy 12.1.9. Ruinemans Aquarium Inc. 12.1.9.1. Overview 12.1.9.2. Product Portfolio 12.1.9.3. Profitability by Market Segments 12.1.9.4. Sales Footprint 12.1.9.5. Strategy Overview 12.1.9.5.1. Marketing Strategy 12.1.9.5.2. Product Strategy 12.1.9.5.3. Channel Strategy 12.1.10. AQUA HUT LLC 12.1.10.1. Overview 12.1.10.2. Product Portfolio 12.1.10.3. Profitability by Market Segments 12.1.10.4. Sales Footprint 12.1.10.5. Strategy Overview 12.1.10.5.1. Marketing Strategy 12.1.10.5.2. Product Strategy 12.1.10.5.3. Channel Strategy 13. Assumptions & Acronyms Used 14. Research Methodolog
Table 1: Market Value (US$ Million) Forecast by Region, 2018 to 2033 Table 2: Market Volume (Units) Forecast by Region, 2018 to 2033 Table 3: Market Value (US$ Million) Forecast by Fish Type, 2018 to 2033 Table 4: Market Volume (Units) Forecast by Fish Type, 2018 to 2033 Table 5: Market Value (US$ Million) Forecast by Application, 2018 to 2033 Table 6: Market Volume (Units) Forecast by Application, 2018 to 2033 Table 7: Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033 Table 8: Market Volume (Units) Forecast by Sales Channel, 2018 to 2033 Table 9: Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 10: Market Volume (Units) Forecast by Country, 2018 to 2033 Table 11: Market Value (US$ Million) Forecast by Fish Type, 2018 to 2033 Table 12: Market Volume (Units) Forecast by Fish Type, 2018 to 2033 Table 13: Market Value (US$ Million) Forecast by Application, 2018 to 2033 Table 14: Market Volume (Units) Forecast by Application, 2018 to 2033 Table 15: Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033 Table 16: Market Volume (Units) Forecast by Sales Channel, 2018 to 2033
Figure 1: Market Value (US$ Million) by Fish Type, 2023 to 2033 Figure 2: Market Value (US$ Million) by Application, 2023 to 2033 Figure 3: Market Value (US$ Million) by Sales Channel, 2023 to 2033 Figure 4: Market Value (US$ Million) by Region, 2023 to 2033 Figure 5: Market Value (US$ Million) Analysis by Region, 2018 to 2033 Figure 6: Market Volume (Units) Analysis by Region, 2018 to 2033 Figure 7: Market Value Share (%) and BPS Analysis by Region, 2023 to 2033 Figure 8: Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033 Figure 9: Market Value (US$ Million) Analysis by Fish Type, 2018 to 2033 Figure 10: Market Volume (Units) Analysis by Fish Type, 2018 to 2033 Figure 11: Market Value Share (%) and BPS Analysis by Fish Type, 2023 to 2033 Figure 12: Market Y-o-Y Growth (%) Projections by Fish Type, 2023 to 2033 Figure 13: Market Value (US$ Million) Analysis by Application, 2018 to 2033 Figure 14: Market Volume (Units) Analysis by Application, 2018 to 2033 Figure 15: Market Value Share (%) and BPS Analysis by Application, 2023 to 2033 Figure 16: Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033 Figure 17: Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033 Figure 18: Market Volume (Units) Analysis by Sales Channel, 2018 to 2033 Figure 19: Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033 Figure 20: Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033 Figure 21: Market Attractiveness by Fish Type, 2023 to 2033 Figure 22: Market Attractiveness by Application, 2023 to 2033 Figure 23: Market Attractiveness by Sales Channel, 2023 to 2033 Figure 24: Market Attractiveness by Region, 2023 to 2033 Figure 25: Market Value (US$ Million) by Fish Type, 2023 to 2033 Figure 26: Market Value (US$ Million) by Application, 2023 to 2033 Figure 27: Market Value (US$ Million) by Sales Channel, 2023 to 2033 Figure 28: Market Value (US$ Million) by Country, 2023 to 2033 Figure 29: Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 30: Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 31: Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 32: Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 33: Market Value (US$ Million) Analysis by Fish Type, 2018 to 2033 Figure 34: Market Volume (Units) Analysis by Fish Type, 2018 to 2033 Figure 35: Market Value Share (%) and BPS Analysis by Fish Type, 2023 to 2033 Figure 36: Market Y-o-Y Growth (%) Projections by Fish Type, 2023 to 2033 Figure 37: Market Value (US$ Million) Analysis by Application, 2018 to 2033 Figure 38: Market Volume (Units) Analysis by Application, 2018 to 2033 Figure 39: Market Value Share (%) and BPS Analysis by Application, 2023 to 2033 Figure 40: Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033 Figure 41: Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033 Figure 42: Market Volume (Units) Analysis by Sales Channel, 2018 to 2033 Figure 43: Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033 Figure 44: Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033 Figure 45: Market Attractiveness by Fish Type, 2023 to 2033 Figure 46: Market Attractiveness by Application, 2023 to 2033 Figure 47: Market Attractiveness by Sales Channel, 2023 to 2033 Figure 48: Market Attractiveness by Country, 2023 to 2033
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