U.S. Ornamental Fish Market Growth & Trends
The U.S. ornamental fish market is expected to reach USD 2.83 billion by 2030 , registering CAGR of 9.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing millennial interest in colorful fish, the trend of keeping aquarium as part of a luxury lifestyle, new developments in aquariums featuring advanced designs, rise in aqua scaping for aesthetic reasons are major factors boosting the U.S. ornamental fish market.
Recent technological breakthroughs have provided ornamental fish enthusiasts with something they have never had before – variety in species and easy to maintain aquarium ecosystems. Species such as the goldfish, tetras, barbs and catfish are best for beginners as they are relatively peaceful and not very demanding. Moreover, due to the advent of self-cleaning aquariums, even novices have taken an interest in ornamental fish.
The psychological benefits associated with keeping a fish and human interaction with it also a factor ramping the demand for ornamental fish. Various studies and research have found that live fish viewing enhances feelings of happiness, relaxation, and anxiety. The attachment theory applies to human-animal relationships as well, with findings suggesting that both humans and animals can serve as attachment figures and provide feelings of comfort and safety during times of uncertainty or stress.
Since more people are moving into apartments and smaller residences in cities, there is less room for larger animals to live there. Because they are peaceful animals and take up less space in homes, people are increasingly choosing to keep fish as pets. For the ornamental fish industry in the residential sector, this trend is generating a growth potential. Modern trends such as the nano aquariums and planted aquariums will further boost the ornamental fish industry in U.S.
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U.S. Ornamental Fish Market Segmentation
Grand View Research has segmented the U.S. ornamental fish market report based on product and application:
U.S. Ornamental Fish Product Outlook (USD Million; 2017 – 2030)
- Tropical Freshwater
U.S. Ornamental Fish Application Outlook (Revenue, USD Million; 2017 – 2030)
List of Key Players of U.S. Ornamental Fish Market
- Aqua-Nautic Specialist PTE LTD
- AlgaeBarn LLC
- Tropical Fish International
- Aqua Leisure Sdn Bhd
- Imperial Tropicals
- AQUATIC INTERIORS UNLIMITED INC
- Ruinemans Aquarium Inc
- AQUA HUT LLC
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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