According to recent findings from Future Market Insights (FMI), the market for aquariums and fish bowls is valued at US$ 1.61 billion in 2023. It is expected to grow to US$ 2.65 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2033. The market share of aquariums and fish bowls within the broader Fish Tank Market ranges from approximately 8% to 12%
Key Trends Driving Sales Of Aquarium & Fish Bowls In The Global Market
- The expansion of the aquarium and fish bowls market is driven by the increased preference among millennials for attractive aquarium fish with vibrant colors, aligning with their high-end lifestyle choices.
- Ornamental fish offer numerous advantages to consumers, contributing to the high demand for aquariums and fish bowls.
- Popular tranquil fish with beautiful colors include Betta Fish (Siamese fighting fish), Goldfish, Guppy, and Cory Catfish, among others.
- The rising demand for specific varieties of fish contributes to the growing popularity of fish tanks and aquariums.
- Sales of fish tank water additives present lucrative growth prospects for the aquarium and fish bowls market, as they help extend the lifespan of fish in simulated conditions.
The number of people keeping pets, including fish, as companions has been steadily increasing. Aquariums and fish bowls are popular choices for housing and displaying fish due to their affordability, convenience, and aesthetic appeal. The rise in pet ownership directly contributes to the demand for aquariums and fish bowls.
The aquarium industry has seen technological advancements. Improved filtration systems, energy-efficient lighting, and automated feeding systems have been developed. These advancements make aquariums easier to maintain. They create a more accessible and enjoyable experience for hobbyists. Consequently, they drive the aquarium & fish bowls market growth.
Social media platforms and online communities cater to aquarium enthusiasts. They provide a space to share experiences and knowledge and showcase aquarium setups. This digital presence has played a significant role in popularizing the hobby. Moreover, public aquariums and tourist attractions showcase large-scale aquatic displays. They capture public interest and fascination with marine life. These establishments inspire visitors to think about having their own aquariums. As a result, there is an increased demand for aquariums and fish bowls.
The rise of online retail and e-commerce platforms has expanded the accessibility and availability of aquarium and fish bowl products. Customers can easily access a diverse selection of products, including different shapes, sizes, materials, and styles of aquariums and fish bowls. Additionally, online platforms often offer comprehensive product information, guidance, and customer support to assist buyers in making informed decisions. This trend has opened up new opportunities for both established brands and emerging players in the market.
Planted tanks have gained momentum since they offer a more natural and visually appealing environment for fish, mimicking their natural habitats. Live plants improve water quality by absorbing nitrates and producing oxygen, and create a balanced ecosystem within the aquarium. Additionally, live plants contribute to the overall aesthetics of the tank, enhancing its visual appeal. As people become more conscious of the well-being of their fish and the overall beauty of their aquariums, the demand for planted tanks is expected to rise.
The popularity of reef aquariums has been rising for the past few years. The growth of this trend can be attributed to advancements in reef aquarium technology, including improved lighting systems, filtration methods, and water chemistry control. Additionally, the availability of captive-bred coral species and sustainable collection practices has contributed to the popularity of reef aquariums among marine enthusiasts.
Saltwater aquariums have gained popularity among enthusiasts who are willing to invest time and resources to create a captivating and vibrant underwater ecosystem. With advancements in technology and improved accessibility to equipment and information, more hobbyists are venturing into saltwater aquarium keeping. This trend is projected to drive the aquarium & fish bowls market growth as more people seek to set up and maintain saltwater aquariums.
There is a growing emphasis on sustainable and eco-friendly products in consumer markets. This trend extends to the aquarium industry as well. Manufacturers are developing products using recycled materials and energy-efficient components. They also promote responsible fishkeeping practices. The focus on sustainability attracts environmentally conscious consumers. It contributes to the growth of the aquarium market.
Key Takeaways from the Aquarium & Fish Bowls Market
- The aquarium & fish bowls industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 4.7% through 2033.
- The United States held a 32.1% share of the global aquarium & fish bowls industry in 2022.
- With a CAGR of 7.2% over the forecast period, India is predicted to develop rapidly in the aquarium & fish bowls industry.
- In 2022, Japan had a 5.2% share of the global aquarium & fish bowls industry.
- China’s aquarium & fish bowls industry is expected to flourish speedily, registering a CAGR of 6.8% over the forecast period.
- Germany accounted for 6.1% of the global aquarium & fish bowls industry in 2022.
Competitive Landscape in the Aquarium & Fish Bowls Market
Key players are focusing on various strategies to maintain their competitive edge and cater to the evolving needs of consumers. They are investing in research and development to introduce innovative and technologically advanced products that enhance the overall aquarium experience.
Key players are also expanding their product portfolios to offer a wide range of options, including different sizes, shapes, materials, and designs, to cater to diverse customer preferences. Additionally, they are actively involved in marketing and promotional activities to create awareness about their products and attract potential customers. Moreover, these players undertake marketing strategies, partnerships, and collaborations to expand their distribution networks and reach a wider customer base.
Recent Developments by Key Players
- Abu Dhabi opened the largest multi-species aquarium in the world in May 2023. The aquarium is a component of SeaWorld Abu Dhabi, which Miral is building.
- The revolutionary project AQVERIUM, India’s First Digital Water Bank, was introduced in Bengaluru, Karnataka, in March 2022 to improve water management.
Complete Market Review: A Full Report Analysis
Market By Category
By Product Type:
- Aquarium
- Fish Bowl
By Material Type:
- Glass
- Acrylic
- Plastic
- Others
By Shape:
- Rectangle
- Corner Pentagon
- Bow front
- Cylinder
- Flat Back Hexagon
- Quarter Cylinder
By Capacity:
- Up to 5 gallons
- Up to 10 Gallons
- Up to 20 Gallons
- Up to 40 Gallons
- Over 40 Gallons
By Application:
- Commercial
- Residential
By Sales Channels:
- Wholesale distributors
- Specialty Stores
- Aquarium shops
- Pet Care Shops
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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