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Aquarium Market Research Report Information By Type (Aquarium Tank, Filtration Equipment, Temperature Control Equipment, Lighting Equipment, and Oxygen Equipment), Application (Household and Office, Commercial, Zoo, and Oceanarium), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/CR/20439-HCR | 128 Pages | Author: Tejas Chaudhary| July 2024

Global Aquarium Market Overview

Aquarium Market Size was valued at USD 7.9 Billion in 2023. The Aquarium market industry is projected to grow from USD 8.5 Billion in 2024 to USD 13.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2024 - 2032). Product engagement and growing demand for aquatic hobbies are the key market drivers bolstering industry expansion.

Aquarium Market Overview

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aquarium Market Trends

  • The benefits of product engagement are driving market growth

Market CAGR for aquariums is being driven by the benefits of product engagement to drive market expansion. An aquarium is a vessel utilized to maintain aquatic flora and creatures, such as fish. A variety of materials are utilized in its construction, such as glass, acrylic, and plastic. An assortment of accessories is utilized in order to improve the visual appeal and operational capabilities. In addition to contributing to the denizens' health and well-being, these accessories provide a more natural and aesthetically appealing habitat for the aquatic vegetation and animals. Filters, pumps, heaters, illumination, decorations, substrates, test kits, feeding and maintenance supplies, and pumps comprise the majority of aquarium accessories.

Additionally, the establishment and upkeep of an aquarium has transformed into a significant familial undertaking, serving as a catalyst for the development of strong connections and the creation of lasting recollections. The active participation of family members is fostered, and a stronger sense of unity is promoted through the collective endeavor associated with the shared obligation of maintaining an aquarium. This collaborative effort transcends the status of a simple pastime, transforming into a foundation for enduring connection-building among family members and a wellspring of shared happiness; consequently, it drives the expansion of the aquarium market.

The exponential growth of the aquarium industry is notably propelled by the surge in aquatic pastimes. The increasing level of public fascination with the mesmerizing domain of aquariums significantly contributes to the expansion of the market. The notion of creating a miniature underwater environment in the comfort of one's own residence possesses widespread appeal, captivating both experienced enthusiasts and those who are new to this intriguing pastime. The market is being propelled forward, and a flourishing ecosystem is being established as a result of the growing interest in aquatic activities. This convergence of experienced and neophyte devotees is motivated by the allure of the aquarium world. For instance, as per data released by Trend Economy in November 2021, more than fifty percent of the suppliers are situated in Asian nations. For instance, the Asian Arowana is among the most expensive aquatic species on the planet, commanding prices of USD 300 to USD 300,000 or more. Thus, driving the Aquarium market revenue.

Aquarium Market Segment Insights

Aquarium Type Insights

The Aquarium Market segmentation, based on type, includes Aquarium Tank, Filtration Equipment, Temperature Control Equipment, Lighting Equipment, and Oxygen Equipment. In 2023, the aquarium tank segment dominated the market. The main element of a reef aquarium arrangement is that aquarium tanks rule the money-generating sector. Rising interest in reef aquariums as a pastime, particularly among homes, is driving the market for aquarium tanks. Apart from that, the availability of aquarium tanks in all sizes, forms, and materials, along with technological developments, has further accelerated the expansion of this market.

Aquarium Application Insights

The Aquarium Market segmentation, based on Application, includes Household and Office, Commercial, Zoo, and Oceanarium. In 2023, the household and office category generated the most income. Ornamental fish are increasingly used in homes as they enhance the beauty of a living space. An additional important element boosting the market for ornamental fish worldwide is the increase in family income brought on by economic development, especially in the developing countries of Brazil, China, and India. Smart technological developments are also boosting the number of aquarium enthusiasts, which in turn is enticing more homeowners to acquire ornamental fish.

Figure 1: Aquarium Market, by Application, 2023 & 2032 (USD Billion)

Aquarium Market, by Application, 2023 & 2032

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Aquarium Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Aquarium market area will dominate this market. The industry is growing since there are a lot of aquarium enthusiasts in the US, and they are prepared to spend money on high-end goods.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.

Figure 2: Aquarium Market Share By Region 2023 (USD Billion)

Aquarium Market Share By Region 2023

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe Aquarium market accounts for the second-largest market share. Fishkeeping is an easy and stress-relieving pastime; hence, ornamental fish also support import and export operations and foreign currency. Further, the German Aquarium market held the largest market share, and the UK Aquarium market was the European market with the most rapid expansion.

The Asia-Pacific Aquarium Market is expected to grow at the fastest CAGR from 2024 to 2032. One may attribute the growing regional market to the growing demand for high-end and exotic ornamental fish. Moreover, China’s Aquarium market held the largest market share, and the Indian Aquarium market was the fastest growing market in the Asia-Pacific region.

Aquarium Key Market Players & Competitive Insights

Leading market players are increasing their product lines with large R&D expenditures, which will help the aquarium industry grow even more. Players in the market are likewise making a range of calculated moves to increase their worldwide presence, with important market developments including new product introductions, agreements, mergers and acquisitions, larger investments, and joint ventures with other companies. To grow and make it through in a more cutthroat and expanding market, the Aquarium industry has to provide reasonably priced products.

Among the main business strategies used by manufacturers is local production to reduce operating expenses in the global aquarium industry, benefit clients, and increase the market sector. In recent years, the Aquarium industry has given medicine some of its biggest benefits. Major players in the Aquarium market, including Central Garden and Pet (U.S.), EHEIM (Germany), Juwel Aquarium (Germany), Hagan (Canada), Marukan (Japan), D-D (U.K.), TMC (U.K.), OASE (biOrb) (Germany)., and others, are attempting to increase market demand by investing in research and development operations.

Philips, an abbreviation for Koninklijke Philips N.V., was established in Eindhoven in 1891 as a Dutch multinational conglomerate corporation. Although the Benelux headquarters remain in Eindhoven, the organization's global headquarters have been located in Amsterdam since 1997. Formerly a prominent global electronics corporation, Philips has redirected its efforts towards health technology at present, subsequent to the divestiture of its other business divisions. In August 2023, the Agnelli family holding company Exor N.V. acquired a 15% share in Philips. The deal was worth roughly €2.6 billion.

London, England, served as the corporate headquarters of the British multinational retailer Arcadia Group Ltd. Primarily recognized for its affiliation with Burton, Dorothy Perkins, Debenhams is, Evans, Miss Selfridge, Topman, Topshop, Wallis, and Warehouse, it had previously served as the parent company of seven other retail chains. The conglomerate, during its height, operated over 2,500 locations in the United Kingdom, concessions in department stores across the country, and several hundred franchises across the globe. Taveta Investments, which was led by Tina Green, the spouse of Sir Philip Green, chairman of the Arcadia Group, held the majority stake in the organization. In February 2021, ASOS disclosed that it had paid £265 million to acquire the insolvent Topshop, Topman, and Miss Selfridge brands, in addition to £65 million for existing and pre-ordered inventory.

Key Companies in the Aquarium market include

  • Central Garden and Pet (U.S.)

  • EHEIM (Germany)

  • Juwel Aquarium (Germany)

  • Hagan (Canada)

  • Marukan (Japan)

  • D-D (U.K.)

  • TMC (U.K.)

  • OASE (biOrb) (Germany)

  • PHILPS (Netherlands)

  • Tetra (Germany)

  • AZOO (Taiwan)

  • API (U.S.)

  • Aqua Design Amano (Japan)

  • Interpret (U.K.)

  • Arcadia (U.K.)

  • Sunsun (China)

  • Shenzhen Resun (China)

  • Hailea (China)

  • Boyu (China)

  • Minjiang (China)

  • Hinaler (China)

  • Chuangxing (China)

  • Liangdian (China)

  • Chengdu Zhiruo (China)

Aquarium Industry Developments

December 2021: AquaEasy Pte Ltd. and Qian Hu Corporation Limited have reached an agreement regarding the execution of sustainable aquaculture practices, the augmentation of output and profitability, and the mitigation of risks and expenditures for shrimp producers.

November 2021: Imperial Tropicals formed a partnership with the Japanese fish product brand Hikari. This brand of feed is appropriate for any species of fish, including bred and wild specimens.

February 2023: Seachem Laboratories has unveiled its latest assortment of AquaVitro reef aquarium supplements, which are specifically formulated to deliver optimal nourishment to invertebrates and corals.

Aquarium Market Segmentation

Aquarium Type Outlook

  • Aquarium Tank

  • Filtration Equipment

  • Temperature Control Equipment

  • Lighting Equipment

  • Oxygen Equipment

Aquarium Application Outlook

  • Household and Office

  • Commercial

  • Zoo

  • Oceanarium

Aquarium Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 7.9 Billion
Market Size 2024 USD 8.5 Billion
Market Size 2032 USD 13.8 Billion
Compound Annual Growth Rate (CAGR) 7.20% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea
Key Companies Profiled  Central Garden and Pet (U.S.), EHEIM (Germany), Juwel Aquarium (Germany), Hagan (Canada), Marukan (Japan), D-D (U.K.), TMC (U.K.), OASE (biOrb) (Germany), PHILPS (Netherlands), and Tetra (Germany)
Key Market Opportunities ·         Products that incorporate technology are driving the aquarium decoration sector forward.
Key Market Dynamics ·         Developing Interest in Fish-Keeping as a Hobby

Frequently Asked Questions (FAQ) :

As of 2023, the worldwide aquarium market was valued at USD 7.9 billion.

From 2024 to 2032, the global market is anticipated to expand at a compound annual growth rate (CAGR) of 7.20 percent.

North America dominated the worldwide market in terms of market share.

Central Garden and Pet (United States), EHEIM (Germany), Juwel Aquarium (Germany), Hagan (Canada), Marukan (Japan), D-D (United Kingdom), TMC (United Kingdom), OASE (biOrb) (Germany), PHILPS (Netherlands), and Tetra (Germany), among others.

In 2023, the Aquarium Tank segment dominated the market.

The Household and Office sector held the most market share worldwide.

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