Market Overview:
The global tropical fish market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising disposable income, growing awareness about aquariums and their benefits, and increasing demand for ornamental fish in developing countries. The freshwater tropical fish segment is expected to dominate the global tropical fish market during the forecast period, owing to the high demand for these fishes for ornamental purposes. The saltwater tropical fish segment is projected to grow at a higher CAGR than the freshwater segment during the forecast period, due to their high popularity among hobbyists and rising demand from commercial establishments such as restaurants and hotels. In terms of application, aquariums are expected to account for a major share of the global tropical fish market during 2018-2030. This can be attributed mainlyto th egrowing trend of keeping aquatic animals as pets across various regions worldwide .
Product Definition:
A tropical fish is a fish that lives in the tropics. The importance of tropical fish is that they are a source of food for people in the tropics and they are also used for trade.
Freshwater Tropical Fish:
Freshwater tropical fish is used for food, pets and aquariums. It includes more than 500 species of fishes found in fresh water rivers, lakes, and streams. The freshwater tropical fish has a wide range of sizes; some are small enough to fit in the palm of your hand while others can grow up to 6 inches long. They have an elongated body with a streamlined shape that helps them swim faster through the water by using their tail as a prop orfin.
Saltwater Tropical Fish:
Saltwater tropical fish is a term used to define certain marine species that are adapted to life in salt water. The most common types of such species include tangs, billfish, and marlins. Billfish includes various small pelagic fish including yellowfin, bluefin and sailfish; while tarpon refers to the larger members of the bill family such as Gulf Tuna and Blue Marlin.
Application Insights:
The aquarium application segment led the global tropical fish market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The rising importance of aqua culture owing to increasing leisure time as well as growing environmental concerns has boosted demand for tanks and other equipment, thereby supporting industry growth.
Increasing spending on pets by families across the globe has supported industry expansion through retail stores such as Petland which focus on providing various aquatic products including exotic fishes that are hard to keep in captivity due to their natural habits. These factors have contributed towards driving demand for tanks and other equipment, thereby supporting industry growth over the recent years.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing awareness regarding the exotic taste and flavor of tropical fish, which has led to an increase in their demand. Furthermore, rising disposable income coupled with a rise in consumer preference for luxury pets is expected to fuel the regional product demand over the forecast period. Asia Pacific is expected to witness significant growth over the next eight years owing to increasing awareness about these species and growing popularity as a source of food among consumers from China and India.
Growth Factors:
- Increasing demand for ornamental fish in the domestic and international market
- Rising disposable income of the consumers
- Proliferation of e-commerce platforms that offer a wide variety of tropical fish at competitive prices
- Growing popularity of aquascaping as a hobby
- Technological advancements in breeding and husbandry techniques that help improve the quality and longevity of tropical fish
Scope Of The Report
Report Attributes
Report Details
Report Title
Tropical Fish Market Research Report
By Type
Freshwater Tropical Fish, Saltwater Tropical Fish, Tropical Fis
By Application
Aquarium, Supermarket, Others
By Companies
Pool Fisheries, Blue Ridge Fish Hatchery, Arkansas Farm Bureau, Blackwater Creek Koi Farms, Hazorea Aquatics, Oasis Fish Farm, Aqua Leisure, Imperial Tropicals, Florida Tropical Fish Direct, BioAquatix, Captive Bred, Shanghua Yichong, Shanghai Wanjin Ornamental Fish Farm, Guangzhou ZhengDa Aquaculture, Arizona Aquatic Gardens, Tropical Fis
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Tropical Fish Market Report Segments:
The global Tropical Fish market is segmented on the basis of:
Types
Freshwater Tropical Fish, Saltwater Tropical Fish, Tropical Fis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aquarium, Supermarket, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pool Fisheries
- Blue Ridge Fish Hatchery
- Arkansas Farm Bureau
- Blackwater Creek Koi Farms
- Hazorea Aquatics
- Oasis Fish Farm
- Aqua Leisure
- Imperial Tropicals
- Florida Tropical Fish Direct
- BioAquatix
- Captive Bred
- Shanghua Yichong
- Shanghai Wanjin Ornamental Fish Farm
- Guangzhou ZhengDa Aquaculture
- Arizona Aquatic Gardens
- Tropical Fis
Highlights of The Tropical Fish Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Freshwater Tropical Fish
- Saltwater Tropical Fish
- Tropical Fis
- By Application:
- Aquarium
- Supermarket
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tropical Fish Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tropical fish are fish that live in warm water environments. These environments can be near the equator or in the tropics.
Some of the key players operating in the tropical fish market are Pool Fisheries, Blue Ridge Fish Hatchery, Arkansas Farm Bureau, Blackwater Creek Koi Farms, Hazorea Aquatics, Oasis Fish Farm, Aqua Leisure, Imperial Tropicals, Florida Tropical Fish Direct, BioAquatix, Captive Bred, Shanghua Yichong, Shanghai Wanjin Ornamental Fish Farm, Guangzhou ZhengDa Aquaculture, Arizona Aquatic Gardens, Tropical Fis.
The tropical fish market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tropical Fish Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tropical Fish Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tropical Fish Market - Supply Chain
4.5. Global Tropical Fish Market Forecast
4.5.1. Tropical Fish Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tropical Fish Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tropical Fish Market Absolute $ Opportunity
5. Global Tropical Fish Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tropical Fish Market Size and Volume Forecast by Type
5.3.1. Freshwater Tropical Fish
5.3.2. Saltwater Tropical Fish
5.3.3. Tropical Fis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tropical Fish Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tropical Fish Market Size and Volume Forecast by Application
6.3.1. Aquarium
6.3.2. Supermarket
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tropical Fish Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tropical Fish Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tropical Fish Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tropical Fish Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tropical Fish Demand Share Forecast, 2019-2026
9. North America Tropical Fish Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tropical Fish Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tropical Fish Market Size and Volume Forecast by Application
9.4.1. Aquarium
9.4.2. Supermarket
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tropical Fish Market Size and Volume Forecast by Type
9.7.1. Freshwater Tropical Fish
9.7.2. Saltwater Tropical Fish
9.7.3. Tropical Fis
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tropical Fish Demand Share Forecast, 2019-2026
10. Latin America Tropical Fish Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tropical Fish Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tropical Fish Market Size and Volume Forecast by Application
10.4.1. Aquarium
10.4.2. Supermarket
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tropical Fish Market Size and Volume Forecast by Type
10.7.1. Freshwater Tropical Fish
10.7.2. Saltwater Tropical Fish
10.7.3. Tropical Fis
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tropical Fish Demand Share Forecast, 2019-2026
11. Europe Tropical Fish Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tropical Fish Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tropical Fish Market Size and Volume Forecast by Application
11.4.1. Aquarium
11.4.2. Supermarket
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tropical Fish Market Size and Volume Forecast by Type
11.7.1. Freshwater Tropical Fish
11.7.2. Saltwater Tropical Fish
11.7.3. Tropical Fis
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2 By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tropical Fish Demand Share, 2019-2026
12. Asia Pacific Tropical Fish Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tropical Fish Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tropical Fish Market Size and Volume Forecast by Application
12.4.1. Aquarium
12.4.2. Supermarket
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tropical Fish Market Size and Volume Forecast by Type
12.7.1. Freshwater Tropical Fish
12.7.2. Saltwater Tropical Fish
12.7.3. Tropical Fis
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tropical Fish Demand Share, 2019-2026
13. Middle East & Africa Tropical Fish Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tropical Fish Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tropical Fish Market Size and Volume Forecast by Application
13.4.1. Aquarium
13.4.2. Supermarket
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tropical Fish Market Size and Volume Forecast by Type
13.7.1. Freshwater Tropical Fish
13.7.2. Saltwater Tropical Fish
13.7.3. Tropical Fis
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tropical Fish Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tropical Fish Market: Market Share Analysis
14.2. Tropical Fish Distributors and Customers
14.3. Tropical Fish Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pool Fisheries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Blue Ridge Fish Hatchery
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Arkansas Farm Bureau
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Blackwater Creek Koi Farms
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hazorea Aquatics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Oasis Fish Farm
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aqua Leisure
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Imperial Tropicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Florida Tropical Fish Direct
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BioAquatix
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Captive Bred
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shanghua Yichong
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shanghai Wanjin Ornamental Fish Farm
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Guangzhou ZhengDa Aquaculture
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Arizona Aquatic Gardens
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tropical Fis
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
