Global ornamental fish market is anticipated to grow at a CAGR of 8.2% during the forecast period (2024-2031). There is a rise in the number of rules that are set up to save marine ecosystems and their biodiversity hence pushing the growth of the ornamental fish market. Also, the ornamental fish trade is focusing on long-lasting solutions as a way of reducing its effects on the environment and different kinds of fish. Governments are regulating the capture, breeding, and trade of ornamental fish through policy enactment, aimed at upholding conservation efforts and avoiding the introduction of invasive species. It encourages investments in sustainable aquaculture practices, captive breeding programs, and habitat conservation initiatives; hence the market is growing as aquatic ecosystems are safeguarded.
Browse the full report description of “Ornamental Fish Market Size, Share & Trends Analysis Report by Type (Tropical Freshwater, Temperate, and Marine), by Application (Household and Commercial), and by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online Sales), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ornamental-fish-market
In 2020, PetSmart acquired Chewy, marking a strategic shift to compete in the growing online pet product market. Chewy's expertise in e-commerce strengthened PetSmart's position and expanded its customer base, demonstrating a commitment to adapting to evolving consumer trends in the pet industry.
In November 2021, Imperial Tropicals partnered with Hikari, a renowned Japanese brand specializing in high-quality fish food products. This collaboration aimed to provide customers with access to premium fish food formulations, ensuring the health and vibrancy of their aquatic pets or commercial fish stocks. The partnership also promoted awareness about the importance of proper nutrition in aquaculture.
In 2021, Segrest Farms achieved certification from the Global Aquaculture Alliance's Better Aquaculture Practices (BAP) program for its tilapia and catfish production operations, demonstrating its commitment to sustainable and responsible practices. This certification strengthens its position in the market and assures customers and stakeholders of the sustainability and quality of its products.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Application
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- AlgaeBarn LLC, Aqua-Nautic Specialist Pte Ltd., bioAquatiX, Qian Hu Corp. Ltd., and Tropical Marine Centre, among others.
Key questions addressed by the report.
Global Ornamental Fish Market Report Segment
By Type
By Application
By Distribution Channel
Global Ornamental Fish Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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