New York, January 04, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces that the report “Global Ornamental Fish Market, by Type, by Application, by Point of Sale, by Region, Competition, Preview & opportunities, 2025 “- https://www.reportlinker.com/p05917026/?utm_source=GNW
In addition, several scientific studies point out that the use of ornamental fish in home aquariums brings psychological benefits to household members and so the market is seeing a growing demand. grown for ornamental fish. Aquariums are also said to help reduce weight and have a calming effect on household members.
The trend towards a luxurious lifestyle is also helping the growth of ornamental fish market. Consumers prefer to buy colorful species of these ornamental fish as their pet.
Also, a greater ban on keeping pets such as dogs and cats in high-rise apartments is expected to fuel the demand for ornamental fish in the coming years. The introduction and breeding of alien species and a growing interest in fish conservation are also other driving factors for the growth of the ornamental fish market.
The global ornamental fish market is segmented by type, application, point of sale and area. Based on type, the market is segmented into tropical freshwater, medium freshwater and marine freshwater.
Tropical freshwater fish species took control of the global market in 2019 with a share of 58.27% and the sector is expected to experience the highest growth in the forecast period as they are easy to care for. and come in a number of attractive colors. Also, aquarium owners prefer to keep fresh starters with tropical freshwater fish because of its convenience.
Based on demand, the global ornamental fish market is segmented into residential and commercial areas. The residential sector is currently dominating the global market as a large number of urban cities prefer to keep pets in their home.
However, the commercial sector is expected to see the highest growth by 2025 due to the growing adoption waters as an attractive decorative item at hotels, restaurants and shopping malls and centers. -shops.
The key players operating in the global ornamental fish market are Aqua Nautic Specialist (ANS) Pte Ltd, Tropical Fish International Pte Ltd, Sunbean Aquarium Pte Ltd, Sanyo Aquarium (Pte) Ltd, Qian Hu Fish Farm Trade, AlgaeBarn LLC , BioAquatix.com, Imperial Tropicals, Inc., Oasis Fish Farm Co., and Sagar Fish Aquarium. The market is highly competitive with the presence of both small and large companies. Leading companies are investing in ornamental fish farming to increase their market share and revenue.
Years considered for this report:
Historical years: 2015-2018
Establishment Year: 2019
Approximate year: 2020
Forecast time: 2021–2025
Aim of the study:
• Analyze and estimate the global ornamental fish market size from 2015 to 2018.
• To estimate and predict global ornamental fish market size from 2019 to 2025 and growth rate to 2025.
• Classifies and predicts global ornamental fish market based on type, application, point of sale, company and regional distribution.
• Identify a key area or region in the global ornamental fish market.
• Identify drivers and challenges for a global ornamental fish market.
• Explore competitive developments such as expansion, new product launch, unions & benefits, etc., in the global ornamental fish market.
• Conduct a price analysis for the global ornamental fish market.
• Identify and analyze the profile of key players operating in the global ornamental fish market.
• Identify key sustainable strategies used by market players in a global ornamental fish market.
The analyst performed both a primary study as well as a full study for this study. Interestingly, the analyst found a list of ornamental fish around the globe.
Subsequently, the analyst conducted primary research studies with the named companies. During interviews, respondents were also asked about their competitors.
Through this approach, the analyst was able to include the ornamental fish companies that could not be identified due to so little secondary study. The analyst analyzed the raw material used in ornamental fish farming, distribution channels and the presence of key players worldwide.
The analyst calculated the size of the global ornamental fish market using a bottom-up approach, where data for different segments of end users were recorded and forecast for the coming years. The analyst obtained these values from industry experts and company representatives and verified them externally by analyzing historical data of these product types and obtaining claims for overall, appropriate market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were analyzed by the analyst.
Key Target Audiences:
• Ornamental fish companies / suppliers / distributors
• Market research and consulting firms
• Government agencies such as regulatory authorities and policy makers
• Ornamental fish related groups, forums and alliances
The study is useful in providing answers to a number of pressing questions that are important to industry stakeholders such as ornamental fish companies, suppliers and partners, end users, etc., as well as enabling them to strategize investments and take advantage of market opportunities.
Scope of report:
In this report, global ornamental fish market has been divided into the following segments, in addition to the industry trends outlined below:
• Global Ornamental Fish Market, by type:
o High tropical rain
o Pure water
o Marine Ornaments
• Global Ornamental Fish Market, By Demand:
o Residential
o Alternative
• Global Ornamental Fish Market, Depending on location:
o Delegated Materials
o Multi-specialist materials
o Online
o Other
• Global ornamental fish market, by area:
from North America
United States
Canada
Mexico
of Europe
Germany
France
United Kingdom
Italy
Spain
o Asia-Pacific
China
Japan
India
Thailand
Singapore
o Middle East & Africa
Israel
Saudi Arabia
UAE
from South America
Brazil
Argentina
Colombia
Competitive Landscape
Company Profiles: A detailed analysis of the leading companies present in the global ornamental fish market.
Available Uses:
With the market data provided, we offer customization according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Analysis and description of additional market players (up to five).
Profit margin analysis
• Profit margin analysis in terms of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p05917026/?utm_source=GNW
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