The Asia Pacific Reef Aquarium Market is expected to witness market growth of 10.6% CAGR during the forecast period (2021-2027).
The expansion of the Reef Aquarium Market is predicted by rising disposable income and desire for colourful fish aquariums. In addition, as technological developments and public knowledge about pet care improve, the adoption and demand for Reef Aquarium is expected to rise during the projected period. The growing popularity of colourful decorative fish for aquariums among millennials as part of a luxury lifestyle is likely to drive market expansion.
Live fish and other marine creatures are traded internationally for the aquarium hobby. Most tropical and subtropical coral reef fish, corals, and other marine aquarium species are gathered live from tropical and subtropical coral reefs, particularly in the Philippines, Indonesia, and other Asian countries.
The growing popularity of premium and exotic aquarium fish, as well as the increasing prominence of fish in Japanese art culture, are driving market expansion in this region. For instance, at Hidetomo Kimura's Art Aquarium Museum 2020 exhibition in Tokyo over 30,000 live fish formed moving psychedelic artwork. Over 30,000 live fish are on display in water tanks and aquariums of all shapes and sizes as part of the live art exhibition.
The China market dominated the Asia Pacific Reef Aquarium Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $668.3 million by 2027. The Japan market is anticipated to grow a CAGR of 10% during (2021 - 2027). Additionally, The India market is expected to showcase a CAGR of 11.2% during (2021 - 2027).
Based on Product, the market is segmented into Component, Natural, and Artificial. Based on End Use, the market is segmented into Household, Zoo & Oceanarium, and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Jebao Co. Ltd., Central Garden & Pet Company, Mars, Inc. (API Fish Care), EHEIM GmbH & Co. KG, Spectrum Brands Holdings, Inc., Aqua Design Amano Co., Ltd., Azoo Bio Corporation (Taikong Corporation), OASE GmbH (Argand Partners, LP), Tropical Marine Centre Ltd., and Monkfield Nutrition Ltd. (Arcadia Aquatic).
The expansion of the Reef Aquarium Market is predicted by rising disposable income and desire for colourful fish aquariums. In addition, as technological developments and public knowledge about pet care improve, the adoption and demand for Reef Aquarium is expected to rise during the projected period. The growing popularity of colourful decorative fish for aquariums among millennials as part of a luxury lifestyle is likely to drive market expansion.
Live fish and other marine creatures are traded internationally for the aquarium hobby. Most tropical and subtropical coral reef fish, corals, and other marine aquarium species are gathered live from tropical and subtropical coral reefs, particularly in the Philippines, Indonesia, and other Asian countries.
The growing popularity of premium and exotic aquarium fish, as well as the increasing prominence of fish in Japanese art culture, are driving market expansion in this region. For instance, at Hidetomo Kimura's Art Aquarium Museum 2020 exhibition in Tokyo over 30,000 live fish formed moving psychedelic artwork. Over 30,000 live fish are on display in water tanks and aquariums of all shapes and sizes as part of the live art exhibition.
The China market dominated the Asia Pacific Reef Aquarium Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $668.3 million by 2027. The Japan market is anticipated to grow a CAGR of 10% during (2021 - 2027). Additionally, The India market is expected to showcase a CAGR of 11.2% during (2021 - 2027).
Based on Product, the market is segmented into Component, Natural, and Artificial. Based on End Use, the market is segmented into Household, Zoo & Oceanarium, and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Jebao Co. Ltd., Central Garden & Pet Company, Mars, Inc. (API Fish Care), EHEIM GmbH & Co. KG, Spectrum Brands Holdings, Inc., Aqua Design Amano Co., Ltd., Azoo Bio Corporation (Taikong Corporation), OASE GmbH (Argand Partners, LP), Tropical Marine Centre Ltd., and Monkfield Nutrition Ltd. (Arcadia Aquatic).
Scope of the Study
Market Segments Covered in the Report:
By
Product
- Component
- Natural
- Artificial
By End Use
- Household
- Zoo & Oceanarium
- Commercial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Jebao Co. Ltd.
- Central Garden & Pet Company
- Mars, Inc. (API Fish Care)
- EHEIM GmbH & Co. KG
- Spectrum Brands Holdings, Inc.
- Aqua Design Amano Co., Ltd.
- Azoo Bio Corporation (Taikong Corporation)
- OASE GmbH (Argand Partners, LP)
- Tropical Marine Centre Ltd.
- Monkfield Nutrition Ltd. (Arcadia Aquatic)
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Reef Aquarium Market by Product
Chapter 4. Asia Pacific Reef Aquarium Market by End Use
Chapter 5. Asia Pacific Reef Aquarium Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- Jebao Co. Ltd.
- Central Garden & Pet Company
- Mars, Inc. (API Fish Care)
- EHEIM GmbH & Co. KG
- Spectrum Brands Holdings, Inc.
- Aqua Design Amano Co., Ltd.
- Azoo Bio Corporation (Taikong Corporation)
- OASE GmbH (Argand Partners, LP)
- Tropical Marine Centre Ltd.
- Monkfield Nutrition Ltd. (Arcadia Aquatic)
Methodology
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