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    Aquarium Market

    ID: MRFR/CR/20439-CR
    128 Pages
    Tejas Chaudhary
    August 2024

    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 2035

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    Aquarium Market Infographic
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    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).

    Aquarium Market Trends

    Evolution of the Aquarium Hobby

    This trend has spurred a spot market, with specialized breeders and suppliers catering to the demand for uncommon and wonderful aquatic existence, pushing the boundaries of what's feasible in-home aquariums. concurrently, the popularity of fishkeeping as an interest is on the upward thrust, pushed through its accessibility and the therapeutic advantages it gives. Aquariums provide a serene and visually stimulating environment that can help reduce strain and anxiety, making them an appealing addition to homes and offices. This trend was further pushed by the COVID-19 pandemic, as people looked for new pastimes and methods to bring nature inside during lockdowns.

    The setup and maintenance of fish aquariums have been made easier for novices by technological advancements, including automatic maintenance systems, all-in-one tanks, and user-friendly equipment.

    The proliferation of internet forums and groups where hobbyists exchange tips, tales, and ideas are indicative of fishkeeping's rising popularity. For aquarists, social networking sites and forums have developed into bustling hubs that promote community and ease information sharing. This growing interest has encouraged conservation efforts and a better knowledge of aquatic ecosystems by raising awareness of the hobby's educational and environmental benefits.

    The Global Aquarium Market appears to be experiencing a notable shift towards sustainable practices, as consumers increasingly prioritize eco-friendly products and responsible sourcing in their aquatic hobby pursuits.

    U.S. Department of Commerce

    Aquarium Market Drivers

    Market Growth Projections

    The Global Aquarium Market Industry is projected to experience substantial growth over the coming years. With a market value of 8.88 USD Billion in 2024, the industry is expected to expand significantly, reaching 20.5 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 7.88% from 2025 to 2035. Such projections indicate a robust demand for aquarium products and services, driven by various factors including rising interest in aquatic pets, technological advancements, and increased consumer awareness of sustainability. The anticipated growth underscores the potential for innovation and investment within the industry.

    Rising Popularity of Aquatic Pets

    The Global Aquarium Market Industry experiences a notable surge in interest towards aquatic pets, driven by changing consumer preferences. As urbanization increases, more individuals seek engaging hobbies that enhance their living spaces. The allure of maintaining aquariums, which can serve as both decorative and therapeutic elements, has led to a growing number of households adopting fish and other aquatic creatures. This trend is reflected in the projected market value of 8.88 USD Billion in 2024, indicating a robust demand for aquarium products and services. The increasing awareness of the benefits of pet ownership further fuels this growth, suggesting a sustained interest in aquatic pets.

    Expansion of Online Retail Channels

    The Global Aquarium Market Industry is witnessing a significant transformation due to the expansion of online retail channels. E-commerce platforms provide consumers with convenient access to a wide range of aquarium products, from fish to equipment and accessories. This shift not only enhances consumer choice but also allows for competitive pricing and improved customer service. The rise of online shopping is particularly appealing to younger demographics, who are more inclined to purchase products digitally. As online sales continue to grow, they are expected to play a crucial role in driving the overall market growth, contributing to the anticipated market value of 20.5 USD Billion by 2035.

    Increased Awareness of Aquatic Ecosystems

    The Global Aquarium Market Industry benefits from a heightened awareness of aquatic ecosystems and the importance of biodiversity. Educational initiatives and community programs are fostering a deeper understanding of marine life and the need for conservation. As individuals become more informed about the ecological significance of maintaining healthy aquatic environments, they are more likely to invest in aquariums that reflect these values. This trend not only supports the growth of the market but also encourages responsible practices among aquarium owners. The increasing focus on education and conservation may further enhance the industry's appeal, potentially leading to sustained growth in the coming years.

    Sustainability and Eco-Friendly Practices

    The Global Aquarium Market Industry is increasingly influenced by a growing emphasis on sustainability and eco-friendly practices. Consumers are becoming more conscious of their environmental impact, leading to a preference for products that promote responsible aquaculture and conservation efforts. This shift is evident in the rising demand for sustainably sourced fish and eco-friendly aquarium supplies. Companies that adopt green practices are likely to gain a competitive edge, appealing to environmentally aware consumers. As this trend continues, it may contribute to the market's projected CAGR of 7.88% from 2025 to 2035, reflecting a broader commitment to sustainability within the industry.

    Technological Advancements in Aquarium Equipment

    Technological innovations play a pivotal role in the Global Aquarium Market Industry, enhancing the overall experience of aquarium maintenance. The introduction of smart aquarium systems, which allow for remote monitoring and automated feeding, appeals to both novice and experienced aquarists. These advancements not only simplify the upkeep of aquariums but also improve the health and well-being of aquatic life. As consumers become more tech-savvy, the demand for high-tech aquarium solutions is likely to rise. This trend aligns with the anticipated growth of the market, projected to reach 20.5 USD Billion by 2035, indicating a significant shift towards more sophisticated aquarium setups.

    Market Segment Insights

    Aquarium Application Insights

    Aquarium Application Insights

    Based on the application, the Aquarium Market has been segmented into recreational, educational and research. The recreational segment accounted for the largest market share of 44.79% in 2023 and is likely to register a CAGR of 9.10% during the projected period. The growing population across the world coupled with the increased inclination of consumers to keep aquariums at home is a major factor propelling its market growth in the upcoming years.

    As a part of this, according to a recent study, in Chennai, where 7.95% of 1,154,982 households own aquariums, the percentage of hobbyists is largest; in Bangalore, the highest number of aquarium retailers 600 serves the hobbyists in the city. The country's love of aquarium keeping is expanding for several reasons, including rising per capita income, a rise in the population of middle-class individuals, and an increase in nuclear households, particularly in metro India. It is also influenced by the typical Indian's belief in the theories of Fengshui, Vastu, and other religions.

    With the introduction of numerous creative plans by developmental institutes, it is believed that the hobby will grow faster going forward. The current efforts of local administration and tourism departments in a few Indian states to develop public aquarium galleries will also boost the hobby of ornamental fish keeping and in turn the domestic trade of ornamental fisheries.

    Figure 1: Aquarium Market, by application, 2023 & 2032 (USD Million)

    Aquarium Product Type Insights

    Aquarium Product Type Insights

    Based on product type, the Aquarium Market has been segmented into freshwater aquarium, saltwater aquarium and brackish aquarium. The freshwater segment accounted for the largest market share of 42.53% in 2023 and is likely to register a CAGR of 8.85% during the projected period. A freshwater aquarium is a container that is used to house one or more aquatic freshwater species for aesthetic, scientific, or pet-keeping reasons. Acrylic or transparent glass are the most common materials used to create modern aquariums.

    The freshwater aquarium fish market has been growing significantly faster than the saltwater aquarium fish market, since freshwater hobbyists outnumber saltwater hobbyists. The freshwater segment is becoming more and more popular, and this trend is expected to continue due to factors including the availability of stocks, the introduction of new species, and the relative ease of upkeep. Freshwater aquarium fishes are in higher demand the more people are interested in keeping them in their tanks.

    Figure 2: Aquarium Market, by product type, 2023 & 2032 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Aquarium Component Insights

    Aquarium Component Insights

    Based on the component, the Aquarium Market has been bifurcated into tank, filtration system, substrate, heater, others. The tank segment has accounted for the largest market share of 37.80% in 2023 and is likely to register a CAGR of 9.58% during the projected period. Tank are the most used aquarium form, for the purpose of maintaining freshwater or saltwater aquatic creatures. This means that an aquarium is a place where a variety of aquatic creatures are kept for study or exhibition. Fish and additional decorations, like displayed rocks, make up an aquarium's overall contents.

    The increasing construction of aquariums across different parts of the world for various purposes such as education, research and many more is likely to fuel its market growth in the upcoming years. As a part of this, in July 2023, the construction of the largest aquarium and aviary by the Telangana government at Kothwalguda, Hyderabad, has alarmed activists for animal welfare and conservation. They have started a social media campaign to voice their concerns that the project could negatively impact both human society and the natural habitat.

    The implementation of this initiative, according to activists, will have a huge impact on the natural ecology, particularly during the ongoing sixth mass extinction.

    Figure 3: Aquarium Market, by Component, 2023 & 2032 (USD Million)

    Aquarium Distribution Channel Insights

    Aquarium Distribution Channel Insights

    Based on the distribution channel, the Aquarium Market has been bifurcated online and offline. The offline segment has accounted for the largest market share of 72.32% in 2023 and is likely to register a CAGR of 7.42% during the projected period. Offline usually includes supermarkets, and hypermarket, specialty stores as well as departmental stores. A supermarket is a big-box store that specializes in everyday necessities and convenience. They have large warehouses and sell non-food items in addition to food. Certain departments might be wholly owned and run, or they might be leased out on a concessional basis.

    Additionally, the variety of advantages supermarkets provide has made customers more likely to shop there, which could further drive the market's expansion in the future. Having everything they need under one roof saves customers a ton of time, which is one of the supermarket's main and most obvious benefits. Without supermarkets, consumers wouldn't be able to buy a variety of aquarium components without making multiple trips.

    Figure 4: Aquarium Market, by Distribution Channel, 2023 & 2032 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Aquarium Market

    Regional Insights

    By Region, the study segments the market into North America, South America, Europe, Asia Pacific, and South America. The North America Aquarium market accounts for the largest market share 34.49% in 2023 and is expected to exhibit an 8.06% CAGR. The North America region comprises the US, Canada, and Mexico. North America is home to several world-class aquariums, which are visited by millions of tourists every year, attracted by their captivating displays of marine life and informative exhibits.

    Georgia Aquarium holds over 10 million gallons of water within its impressive 555,000 square feet, making it the largest in the country while remaining one of the most popular among them all. It has, among other things, about 700 species of water animals, including whale sharks, which are the biggest species on earth.

    The Ocean Voyager exhibit at this facility is home to four whale sharks and has a capacity for an astonishing 6.3 million gallons of water; alone, it attracts around 60,000 other fish apart from those whales, making it a must-visit place for many people visiting such facilities as this one. Furthermore, considering North America at large, fish from aquaria are loved as pets. A well-established pet fish market, a network of public aquariums, and an increased demand for custom installation of aquariums have made the aquarium business in North America thrive.

    The significance and resilience of this unique industry can be seen in how much certain states, such as Florida, contribute to its economy and the number of personal homes that install these facilities as well as public ones.

    Further, the major countries and regions studied are: The U.S, Canada, Mexico, Brazil, Argentina, Germany, France, Italy, Spain, UK, China, Japan, India, Australia & New Zealand, South Korea, GCC Countries, Turkey, Northern Africa, and Southern Africa.

     AQUARIUM MARKET SHARE BY REGION 2023

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    This growth is driven by several key factors, including the increasing trend towards sustainable practices and eco-friendly aquarium setups. There is a growing awareness among consumers about the environmental impact of aquariums, prompting a shift towards using energy-efficient equipment, responsibly sourced livestock and plants, and natural filtration methods. As disposable incomes increase worldwide, consumers are more willing to spend on hobbies and recreational activities such as maintaining aquariums, thereby boosting market growth. Aquariums are increasingly recognized for their educational value in schools and universities (especially saltwater aquariums for studying marine ecosystems) and therapeutic benefits in healthcare settings, driving their adoption.

    Aquariums are increasingly promoted for their calming effects and ability to reduce stress, leading to their incorporation in wellness and healthcare environments. The aquarium market offers several opportunities for growth, including the expansion in the tourism sector, where the growing number of hotels and resorts worldwide presents opportunities for commercial aquarium installations. Advancements in aquarium technology, such as innovations in filtration, lighting, and temperature control equipment, can enhance the user experience and drive market growth.

    Additionally, the increasing awareness of aquatic conservation can be leveraged as aquariums can serve as educational platforms to raise awareness about marine life and conservation efforts. Furthermore, the recognition of aquariums for their therapeutic benefits has expanded their presence in various environments, including homes, offices, schools, and healthcare facilities. These factors underscore the robust growth trajectory of the aquarium market in recent years.

    Key Companies in the Aquarium Market market include

    Industry Developments

    In 2024, Fluval introduced an updated FLEX Series aquarium, featuring a sleek, curved design and improved LED lighting. The new model offers enhanced filtration and is designed to fit seamlessly into modern home decor.

    March 2024: Aqua Design Amano Co., Ltd. Launched Stream Pump Mini for Small Aquariums. The Stream Pump Mini allows for water circulation in small or shallow tanks.

    April 2023: Rolf C. Hagen, Inc has opened a new distribution centre in Las Vegas, Nevada, United States in partnership with Mikhaiel Logistics.

    Future Outlook

    Aquarium Market Future Outlook

    The Global Aquarium Market is projected to grow at a 7.88% CAGR from 2024 to 2035, driven by increasing consumer interest in aquascaping and sustainable practices.

    New opportunities lie in:

    • Develop smart aquarium technology to enhance user experience and maintenance efficiency.
    • Introduce eco-friendly aquarium products to cater to environmentally conscious consumers.
    • Expand online retail channels to reach a broader audience and improve customer engagement.

    By 2035, the Global Aquarium Market is expected to exhibit robust growth, reflecting evolving consumer preferences and technological advancements.

    Market Segmentation

     Outlook

    • Tank
    • Filtration System
    • Substrate
    • Heater
    • Others

    Aquarium Regional Outlook

    • US
    • Canada
    • Mexico
    • Brazil
    • Argentina
    • Rest of South America
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
    • China
    • Japan
    • India
    • Australia & New Zealand
    • South Korea
    • Rest of Asia-Pacific
    • GCC Countries
    • Turkey
    • Northern Africa

    Aquarium Application Outlook

    • Recreational
    • Educational
    • Research

    Aquarium Product Type Outlook

    • Freshwater Aquariums
    • Saltwater Aquariums
    • Brackish Aquariums

    Aquarium Distribution Channel Outlook

    • Online
    • Offline

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 8230.00 million
    Market Size 2032 USD 16,216.10 million
    Compound Annual Growth Rate (CAGR) 8.06% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2022
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Application, Product Type, Component, Distribution Channel, and Region
    Geographies Covered North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
    Countries Covered U.S, Canada, Mexico, Brazil, Argentina, Germany, France, Italy, Spain, UK, China, Japan, India, Australia & New Zealand, South Korea, and Turkey.
    Key Companies Profiled Spectrum Brands Inc. (US), Central Garden & Pet Company (US), Rolf C. Hagen Inc. (Canada), EHEIM GmbH & Co. KG (Germany), Waterbox Aquariums (US), Juwel Aquarium AG & Co KG (Germany), Aqua Design Amano Co., Ltd. (Japan), Shenzhen Xing Risheng Industrial Co., Ltd. (China), Qian Hu Corporation Limited (Singapore), ND Aquatics Ltd (UK), among others.
    Key Market Opportunities ·         Innovative designs ·         Providing opportunity to invest time and money
    Key Market Dynamics ·         Product’s engagement benefits ·         Rising interest in aquatic hobbies

    FAQs

    How much is the Aquarium market in 2024?

    The Aquarium market accounted for USD 8,720.23 million.

    What is the key driving factor for the Aquarium market?

    Product’s engagement benefits, and rising interest in aquatic hobbies are the key driving factor for the Aquarium market.

    What is the growth rate of the Aquarium market?

    The growth rate of the Aquarium market is 8.06% CAGR.

    Which region held the largest market share in the Aquarium market?

    North America region held the largest market share in the Aquarium market.

    Who are the key players in the Aquarium market?

    Spectrum Brands Inc. (US), Central Garden & Pet Company (US), Rolf C. Hagen Inc. (Canada), EHEIM GmbH & Co. KG (Germany), Waterbox Aquariums (US), Juwel Aquarium AG & Co KG (Germany), Aqua Design Amano Co., Ltd. (Japan), Shenzhen Xing Risheng Industrial Co., Ltd. (China), Qian Hu Corporation Limited (Singapore), ND Aquatics Ltd (UK), among others are the key players in the Aquarium market.

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