The global market for residential ornamental fish experienced significant strength in 2020 and is anticipated to exhibit a consistent compound annual growth rate (CAGR) in terms of revenue throughout the projected period. The steady rise in demand for a luxurious lifestyle, augmented disposable incomes, and the growing prevalence of issues like stress and anxiety among both young and adult populations are the primary drivers behind the revenue growth of the global market.
Across the world, aquariums have become an integral component of home decoration. Keeping pet fish indoors has been a widely practiced hobby globally for numerous years. Ornamental fish are gaining increasing popularity due to several studies indicating their ability to reduce stress levels, alleviate pain and anxiety, enhance sleep quality, and even contribute to lowering blood pressure and heart rate. These fish exhibit captivating colors and patterns, and a diverse range of species is available for individuals to maintain in their home aquariums.
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Top 10 Profiled in the Global Residential Ornamental Fish Market Report:
Liuji, Jiahe, Haojin, Oasis Fish Farm, Aqua Leisure, Imperial Tropicals, Florida Tropical Fish Direct, BioAquatix and Chongqing Shanghua.
The factors that drive the industry's growth are highlighted in the report. The report divides the Residential Ornamental Fish market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Food and beverage enterprises are all involved in the processing, packaging, and distribution of raw food materials. Besides drugs, this industry touches every product designed for human consumption, including fresh and packaged meals, alcohol and nonalcoholic beverages, and food and beverages.
Due to the current economic depression caused by the outbreak of Covid-19, consumers are looking for ways to save money. By purchasing generic items and cooking their own meals instead of going out, consumers are doing so in a number of ways. Consequently, food processing companies are becoming more creative in order to lower the cost of goods sold, attract more customers, and increase their profit margins.
Global food and beverage industries have been adversely affected by obesity. As consumers' desires for healthier foods have increased, so has the demand for nutrition information. Both of these changes have led companies to launch lower-calorie foods and tighten control over how their brands are perceived.
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
An analysis of the Residential Ornamental Fish market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Residential Ornamental Fish market, a country-by-country analysis of the market is provided in the report.
The global Residential Ornamental Fish market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Cold-water Fish
- Tropical Fish
- Marine Fish
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Living Room
- Kitchen
- Balcony
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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