Aquarium Market Summary
As per Market Research Future Analysis, the Global Aquarium Market was valued at USD 8,230.00 million in 2023 and is projected to reach USD 16,216.10 million by 2032, growing at a CAGR of 8.06% from 2024 to 2032. The market is driven by the rising interest in aquatic hobbies and the therapeutic benefits of aquariums. The recreational segment holds the largest market share at 44.79%, while freshwater aquariums dominate product types with a 42.53% share. North America leads the market with a 34.49% share in 2023, supported by a well-established pet fish market and public aquariums.
Key Market Trends & Highlights
The aquarium hobby is evolving with notable trends reflecting changing consumer preferences.
- Emphasis on owning rare aquatic species as a status symbol among aquarists.
- Technological advancements simplify aquarium setup and maintenance, attracting new hobbyists.
- Increased awareness of aquariums' educational and therapeutic benefits boosts popularity.
- The COVID-19 pandemic has accelerated interest in fishkeeping as a calming hobby.
Market Size & Forecast
2023 Market Size | USD 8,230.00 million |
2032 Market Size | USD 16,216.10 million |
CAGR (2024-2032) | 8.06% |
Major Players
Key companies include Spectrum Brands Inc. (US), Central Garden & Pet Company (US), Rolf C. Hagen Inc. (Canada), EHEIM GmbH & Co. KG (Germany), and Aqua Design Amano Co., Ltd. (Japan).