Global Ornamental Fish Market report from Global Insight Services is the single authoritative source of intelligence on Ornamental Fish Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Ornamental fish are fish kept for aesthetic purposes in an aquarium or garden pond. They are often kept in artificially created environments, such as fish tanks, and decorate these spaces with their bright colors and interesting behaviors. Many people keep ornamental fish as pets, and they can be quite easy to care for if their basic needs are met.
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Key Trends
There are several key trends in ornamental fish technology.
One is the use of more sophisticated equipment to maintain and breed fish. This includes things like better filtration systems, aeration systems, and lighting systems.
Another trend is the use of more naturalistic aquariums and pond setups. This includes using live plants, rocks, and other natural materials to create a more realistic environment for the fish. This is believed to be better for the fish both psychologically and physically.
Finally, there is a trend towards using more sustainable and environmentally friendly practices in the ornamental fish industry. This includes things like using recycled materials, using more energy-efficient equipment and using fish that are native to the area where the aquarium or pond is located.
Key Drivers
Some of the key drivers of the ornamental fish market include the increasing popularity of fishkeeping as a hobby, the availability of a wide variety of ornamental fish, and the relatively low cost of setting up and maintaining an aquarium.
The popularity of fishkeeping as a hobby has been on the rise in recent years, due in part to the increasing availability of information and resources on the subject. This has led to more people becoming interested in keeping fish as pets, and has resulted in increased demand for ornamental fish.
The availability of a wide variety of ornamental fish is another key driver of the market. With so many different species available, hobbyists can find the perfect fish for their aquarium. This variety also allows for a greater degree of customization, as hobbyists can choose fish that match their own personal taste.
Finally, the relatively low cost of setting up and maintaining an aquarium is another key driver of the ornamental fish market. Aquariums are relatively inexpensive to purchase and set up, and they can be easily maintained with minimal effort. This makes them an attractive option for people who are interested in keeping fish as pets but who do not want to invest a lot of time or money into the hobby.
Market Segments
The Ornamental Fish Market is segmented into segmented based on environment, fish type, and region. Based on environment, it is classified as freshwater, marine water, and brackish water. The fish type segment comprises of tropical fin fish, marine fish, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Players
The Ornamental Fish Market report includes players such as Alpha Group Ltd., Aquaculture Technologies Asia Limited, Cermaq Group AS, Cooke Aquaculture, Leroy Seafood Group ASA, Marine Harvest ASA, Nippon Suisan Kaisha, Ltd., P/F Bakkafrost, Tassal Group Limited, and Thai Union Group PLC.
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