Aquarium and Fish Bowls Market is Projected to Show up at ~US$ 3.0 Billion, at a CAGR of ~5.0% from

Rupesh

Right Now

Aquarium and Fish Bowls Market is Projected to Show up at
~US$ 3.0 Billion, at a CAGR of ~5.0% from 2022 to 2032 | Future Market
Insights, Inc.

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.

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.

Who is winning?

Leading companies of Aquarium & Fishbowl are focused on
consumers' interests as launched new Shape, 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.

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.

Market By Category

By Product Type, Global Aquarium & Fish bowls Market is
segmented as: