Ornamental Fish Market Scope
The ornamental fish sector is a widespread and global component of international fisheries trade and development. However, the scope of this sector and its impact on human and aquatic communities is often inaccurately recorded and unappreciated. Aquarium fish keeping is a centuries-old popular hobby, growing interest in which has resulted in steady expansion in its trade in more than 125 countries. Most of the ornamental fish is sourced from developing countries in the tropical and sub-tropical regions. The international trade in ornamental fish in fact, provides employment opportunities for thousands of rural people in developing countries. As a result of advancements in breeding, transport and aquarium technology, more and more species are being added every year.
The market study is being classified by Type (Freshwater Fish, Marine Fish and Marine Ornamental), by Application (Commercial Application and Residential Application) and major geographies with country level break-up.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Ornamental Fish market throughout the predicted period.
Liuji (China), Jiahe (United Kingdom), Wanjin (China), Haojin (China), Oasis Fish Farm (SriLanka), Aqua Leisure (United States), Imperial Tropicals (United States), Florida Tropical Fish Direct (United States), BioAquatix (United States) and Captive Bred (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Ornamental Fish market by Type, Application and Region.
On the basis of geography, the market of Ornamental Fish has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Point Of Sale, the sub-segment i.e. Dedicated Stores will boost the Ornamental Fish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Philippine Fisheries Code of 1998, “Under Section 97 and 100, Chapter VI of Republic Act No. 8550, otherwise known as the Philippine Fisheries Code of 1998, it is unlawful to fish or take, export or import rare, threatened or endangered species as listed in the CITES (see below) and as determined by the government agency concerned. Violation is punishable by 8-20 years imprisonment and/or a fine of P80, 000-120,000 and forfeiture of catch and the cancellation of fishing permit.”
- Increasing Adoption for Household, Or In-House Aquariums
- Growing Import and Exports of Ornamental Fish
- Aquariums Have Become an Important Feature of the Home Décor
- Huge Demand for the Fresh Water Fishes
- Huge Demand of Ornamental Fish in Emerging Countries
- Growing Concern Regarding Sustainable Management along the Supply Chain
- Increasingly Erratic Climatic Conditions and Seasonal Weather Patterns Prevailing In Asia and South America
Analyst ViewGlobally, Ornamental fish trade is a multibillion dollar industry in more than 125 nations. Over 2500 species of fish are involved, of which over 60% are of freshwater origin. Freshwater fishes are commonly used in household aquariums, owing to their ease of management, and suitability with the domestic environment. This growing adoption for household, or in-house aquariums is thus expected to boost the revenue for freshwater fish segment, hence growing the ornamental fish market.
Key Target AudienceOrnamental Fish Cultivators, Ornamental Fish Suppliers, Research Organizations and Consulting Companies, Organizations, Associations and Alliances Related To Ornamental Fish Cultivation, Government Bodies Such As Regulating Authorities and Policy Makers, Government Agencies and Others
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