Global ornamental fish market is anticipated to grow at a CAGR of 8.2% during the forecast period (2024-2031). There is a rise in the number of rules that are set up to save marine ecosystems and their biodiversity hence pushing the growth of the ornamental fish market. Also, the ornamental fish trade is focusing on long-lasting solutions as a way of reducing its effects on the environment and different kinds of fish. Governments are regulating the capture, breeding, and trade of ornamental fish through policy enactment, aimed at upholding conservation efforts and avoiding the introduction of invasive species. It encourages investments in sustainable aquaculture practices, captive breeding programs, and habitat conservation initiatives; hence the market is growing as aquatic ecosystems are safeguarded.

In 2020, PetSmart acquired Chewy, marking a strategic shift to compete in the growing online pet product market. Chewy's expertise in e-commerce strengthened PetSmart's position and expanded its customer base, demonstrating a commitment to adapting to evolving consumer trends in the pet industry.

In November 2021, Imperial Tropicals partnered with Hikari, a renowned Japanese brand specializing in high-quality fish food products. This collaboration aimed to provide customers with access to premium fish food formulations, ensuring the health and vibrancy of their aquatic pets or commercial fish stocks. The partnership also promoted awareness about the importance of proper nutrition in aquaculture.

In 2021, Segrest Farms achieved certification from the Global Aquaculture Alliance's Better Aquaculture Practices (BAP) program for its tilapia and catfish production operations, demonstrating its commitment to sustainable and responsible practices. This certification strengthens its position in the market and assures customers and stakeholders of the sustainability and quality of its products.

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Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

•                 By Type

•                 By Application

•                 By Distribution Channel

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- AlgaeBarn LLC, Aqua-Nautic Specialist Pte Ltd., bioAquatiX, Qian Hu Corp. Ltd., and Tropical Marine Centre, among others.

Ornamental Fish Market Report Segment

By Type

•                 Tropical Freshwater

•                 Temperate

•                 Marine

By Application

•                 Household

•                 Commercial

By Distribution Channel

•                 Supermarkets/Hypermarkets

•                 Specialty Stores

•                 Online Sales

A full Report of Ornamental Fish Market is Available @  https://www.omrglobal.com/industry-reports/ornamental-fish-market

Ornamental Fish Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 Aqua Design Amano (ADA)

•                 AQUA LEISURE SDN.BHD

•                 AquaScapeOnline

•                 Blue Ridge Fish Hatchery

•                 Blue Zoo Aquatics

•                 Dennerle GmbH 

•                 Discus Hans USA

•                 Florida Tropical Fish Direct

•                 Global Fish Importers Inc.

•                 Imperial Tropicals

•                 Live Fish Direct

•                 LiveAquaria

•                 Neptune Aquatics Inc.

•                 PetSmart LLC

•                 Sanyo Aquarium (Pte) Ltd.

•                 Segrest Farms

•                 Sunbeam Aquarium Pte Ltd.

•                 Tangled Up in Cichlids

•                 Tropical Fish International Pte Ltd.

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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