As per a recent aquarium fish bowl market analysis by Future Market Insights (FMI), the Aquarium and fish bowl market size is composed to reach a valuation of US 1.5 Billion in 2022. Sales of aquarium fish bowl are projected to increase at a 5.0% CAGR, with the aquarium fish bowl market size reaching US$ 3.0 Billion by 2032.
Aquarium fish keeping is a centuries-old popular hobby that has seen consistent aquarium fish bowl market growth in its trade-in over 125 countries due to rising interest. With the growing popularity of home aquariums, the public aquaria sector now accounts for about half of the aquarium fish bowl market, with the rest remaining confined to hobbyists impacting the aquarium fish bowl market key trends and opportunities.
The majority of ornamental fish is sourced from tropical and subtropical developing countries. Thousands of rural people in underdeveloped nations are employed as a result of the international trade in ornamental fish influencing the aquarium fish bowl market trends
Every year, more species are added as a consequence of developments in breeding, transportation, and aquarium technology. As a result, everything points to the aquarium and fish bowl market future trends along with aquarium fish bowl market opportunities.
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About more than 30 freshwater fish species, including livebearers, neon tetra, angel fish, goldfish, zebra danio, and discus, are thought to dominate the aquarium fish bowl market. The manufacture of a large variety of fish breeds with colourful, appealing varieties enticed consumers to spend more money on fish as pets, resulting in a significant surge in aquarium and fish bowl production boosting the aquarium fish bowl adoption trends.
Key Takeaways from Aquarium Fish bowls Study:
The study presents an analytical study of the aquarium fish bowl market, along with current trends and future estimates to determine future investment in the Aquarium and fish bowl
The current market will be analyzed quantitatively from 2021 to 2032, highlighting growth scenarios for the aquarium fish bowl market.
Aquarium shops and pet care shops segments contributed the majority of aquarium fish bowl market share.
U.S. and Canada are the dominating countries for the aquarium fish bowl market due to the increasing population of pet owners and aquarium fish bowl adoption trends.
China and Japan are the fastest-growing aquarium fish bowl market. Several reasons are projected to contribute to the aquarium fish bowl market, including an increase in aquarium fish bowl adoption trends of pet humanization.
Wide diversity of fish breeds with colorful and attractive varieties attracted consumers to spend more on fish buying as a result the aquarium fish bowl market is rising.
"The Aquarium and fish bowl market is rising due to the rising the fish industry due to a variety of colourful ornamental fish's breeds ". Says-FMI Analyst
Impact of COVID-19 on the Market
The coronavirus (COVID-19) pandemic has induced a significant drop in the demand for aquarium fish bowl. Due to government-imposed lockdowns in highly affected areas, the logistical arrangements for transporting aquarium fish bowl products have been severely hampered.
Thus, end-users are resorting to the homemade tank to ensure the safety of the fish. On the other hand, online sales of aquarium fish bowl have as significantly increased. Non-contact delivery with easy online e payment easy returns leads to online aquarium fish bowl market.
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Who is winning?
Leading companies of Aquarium Fishbowl are focused on consumers' interests as launched newShape, Inbuilt aquarium, and wall fish bowl to attract the consumers with offers and discounts that have driven sales of aquarium fish bowl and aquarium fish bowl market growth.
Major players present in the aquarium fish bowl market Are EHEIM GmbH Co. KG, Aqua Design Amano, Tropical Marine Centre Ltd., PetSmart, ZooMed, and Clear-Seal.
How Competition Influences The Aquarium Fish Bowls Market?
The aquarium and fish bowl market size is characterized by the presence of a few well-established and several small- and medium-scale aquarium and fish bowl market players. Manufacturers highly focus on product development and consequent differentiation.
Recent Developments:
In Nov 2019: Xiaomi introduce a portable fish or Nano aquarium which can be used in the office or at home.
In October 2020, aqua design Amano introduced a dooa magnet light and stands for magnet light as a new aquarium feature.
The introduction of aquarium fish breeding facilities at a subsidy programme in India was announced by MPEDA in May 2017. For this launch, a subsidy of up to 25% of the total investment will be offered.
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global Aquarium Fish bowls, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the Aquarium Fish bowls based on by Product Type (Aquarium, Fish Bowl),by Material Type (Glass, Acrylic, Plastic, Others),by Shape (Rectangle, Corner Pentagon, Bow front, Cylinder, Flat Back Hexagon, Quarter Cylinder), by Capacity(Up to 5 gallons, Up to 10 Gallons, Up to 20 Gallons, Up to 40 Gallons, Over 40 Gallons )by Application(Commercial, Residential ) by Sales Channels (Wholesales distributors, Specialty Stores, Aquarium Shops, Pet Care shops, Online Retailers, and Other Sales Channel), region.
