Aquarium Market Size, Share, Growth, and Industry Analysis, By Type (Aquarium Tank, Filtration Equipment, Temperature Control Equipment, Lighting Equipment & Oxygen Equipment), By Application (Household and Office, Commercial & Zoo and Oceanarium), and Regional Forecast to 2032

Last Updated: 04 January 2025

AQUARIUM MARKET OVERVIEW

The global Aquarium market size was USD 6.3661 billion in 2023 and is projected to touch USD 9.41 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period.

Fifty percent of the aquarium market includes sales related to fish keeping and maintenance accessories such as fish tanks, plants, and other equipment. More people opt to keep aquariums, thus supporting wider marketing strategies. An aquarium is a container that, within certain boundaries, creates an artificial biosphere, housing either aquatic or terrestrial inhabitants. This market seems to be developing because of the growing awareness about the therapeutic values and improvements in technology such as filters, lights, and maintenance systems. Consider adopting features of ecomaterials and smart technologies, which also add to the enjoyment of aquarists.

GLOBAL CRISES IMPACTING AQUARIUM MARKET COVID-19 IMPACT

Aquarium Industry Had a Positive Effect Due to rising demand during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

In the era of COVID-19, the popularity of aquariums kept healthy people occupied at home and drove them to keep pet fish and install aquariums too. With more attention to mental health focused on the audience, they used aquariums as calming agents while indoors, therefore creating the need. This shift in market disturbances was beneficial as more tanks and their components, including care equipment, were available for purchase, thus the expansion of the market.

LATEST TREND

"Smart aquariums and eco-friendly trends are driving market growth"

Developing smart aquariums fitted with features such as automatic fish feeders, temperature regulators, and lighting systems that help the aquarists in creating and maintaining the desired conditions of the aquarium is one trend notable in the aquarium market. Eco-scape that uses sustainable substrates and plant decor is quite popular nowadays as well. Finally, there is a trend of miniature aquariums that fit the size and pleasing decor, especially for smaller dwellings.

AQUARIUM MARKET SEGMENTATION

 

BY TYPE

Based on Type, the global market can be categorized into Aquarium Tank, Filtration Equipment, Temperature Control Equipment, Lighting Equipment & Oxygen Equipment

• Aquarium Tank: An aquarium tank is primarily a container holding water to keep and breed aquatic animals. The tanks are made in a variety of sizes and shapes and can be made using health-grade materials like glass and acrylic, among others. Today’s tanks are manufactured with beauty in mind, whereby they have attractive designs and strong materials. Due to recent market availability and consumer growing interest in the bespoke tanks, themed aquariums of irregular and unique shapes have also been on the rise.
• Filtration Equipment: Filtration equipment is an important component meant to enhance the quality of the water by eliminating impurities as well as debris and toxic impurities. The next generation of space filters in lubricate water-bearing systems have less energy consumption and are suitable for both freshwater and marine aquaria. A positive trend towards preserving an odd aqueous balance of optimal values within the enclosure has been observed for this very reason.
• Temperature Control Equipment: Chillers, heaters, and other temperature control equipment are used in aquariums to ensure that the water is at an appropriate temperature for the ideal occupant. Thanks to the advancements in technology in the smart temperature controllers, it is now possible to attach such devices and monitor them and alter their settings even while at a distance from the gadgets. This is of utmost essential concern for aquarium fish, especially tropical fish, as they are kept in warm waters that are not subjected to fluctuating temperatures.
• Lighting Equipment: Lighting equipment in aquariums resembles a ceiling light found indoors. The main function is to promote the growth of plants and, more especially, aquatic animals placed inside. Because of these advantages, the LED Aquarim lighting have been widely accepted. Their ability to provide different colors of light and their low energy consumption make them superior. Special light equipment aids in presenting daylight and night cycles, which is good for both the fish and beauty purposes.
• Oxygen Equipment: Oxygen equipment, such as air pumps and diffusers, helps maintain adequate oxygen levels in the aquarium, crucial for fish respiration and overall water quality. The demand for quiet and efficient oxygen equipment has risen, especially for home aquariums. Innovations include adjustable air flow systems that cater to different tank sizes and aquatic requirements.

 

BY APPLICATION

Based on application, the global market can be categorized into Household and Office, Commercial & Zoo and Oceanarium

• Household and Office: In homes and offices, aquariums are used for ornamental purposes that promote peace and improve interior décor. They have become popular since they assist in stress alleviation and relaxing the atmosphere. This has particularly been the trend during the period of the pandemic when individuals were indoors. Smart, low-maintenance options are in demand for busy households and workspaces.
• Commercial: Business environments are places where aquariums in restaurants, hotels, and retail shops are commonly seen to provide entertainment for patrons. These aquariums tend to be larger, more attractive, and often contain species that may not be native to the region. The hospitality sector has provided the basis for the expansion of this commercial segment.
• Zoo and Oceanarium: Aquariums or fish tanks are a dominant feature in most of the modern zoos and ocean parks as they educate viewers on different marine and freshwater fishes. These features are also oriented towards bringing realism of ecosystems to the facilities and providing the clients with things to do besides watching the animals. This segment has also been on the rise owing to the growing concern for environmental issues and conservation efforts.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                          

DRIVING FACTOR

"Aquascaping's rising popularity and high-tech equipment drive market growth"

The recent surge in popularity of aquascaping or designing aquatic habitats is one of the aspects that have fueled Aquarium Market Growth. Hobbyist investors appreciate the availability of high-tech equipment and come up with ideas to design artistic aquatic spaces. This has led to a rise in the availability of specialized plants, substrates, and lighting systems.

"Aquarium's stress-relieving properties have boosted market growth during lockdown"

The stress-relieving properties of the aquarium, like its ability to lessen nervousness and aggressiveness, have caused a surge in demand mostly during the lockdown. People in these times appreciate an aquarium at home since it eases their stress levels and provides serenity, which is fundamental to those who want peace in their houses. This focus on mental health is one of the comforting factors that have led to the growth of the aquarium industry.

RESTRAINING FACTOR

"High setup costs hinder market growth, affecting price-sensitive customers"

The cost structure associated with the initial set-up of an aquarium, which includes buying the fish tank, filteration, lighting, and various other equipment, can prove to be a big hindrance to prospective clients. Customization and high-tech functionalities even increase such costs, thus driving away price-sensitive customers. This factor of costs is a limitation to the development of the market, especially for the starters.

OPPORTUNITY

"Eco-friendly products drive market growth by attracting environmentally conscious consumers"

One of the opportunities available for expanding the aquarium market is the growing market for environmentally friendly and sustainable products. More and more aware of the environment, part of the population is looking for energy-saving devices, eco-friendly substrates, and aquatic species that are harvested and bred in ethical sources. Companies that come up with solutions in this area can attract and retain an expanding base of green consumers interested in the hobby. This change in behavior towards the green options presents a huge potential growth for the market.

CHALLENGE

"Government restrictions on species trade hinder market growth significantly"

One of the major impediments to the growth of the aquarium industry is the overall government restrictions on the harvesting and trade of some fish and aquatic animal species. Environmental and other conservation groups as well as governments are implementing tougher and tougher controls on the trade in endangered species and exotic fishkeeping species. This reduces the choices available to the hobbyist market and adversely affects the growth dynamics of the given market segment.

AQUARIUM MARKET REGIONAL INSIGHTS

●       NORTH AMERICA

North America's market growth is driven by established consumer base

North America has the largest aquarium market in the world due to an established consumer base, a large variety of products offered, and the passion for fish keeping. And a large part of this aggressiveness is attributed to the United States Aquarium Market, which is witnessing growing popularity of aquascaping and technologically advanced aquariums. Innovative retail formates and e-commerce have also enabled consumers to buy aquariums in the entire region with ease. As such, it comes as no surprise that North America is still the leading region in terms of market rise and innovation.

●       EUROPE

Europe's market growth is driven by sustainability and biodiversity appreciation

In Europe, the aquarium market has a more pronounced focus due to a high appreciation for biodiversity and conservation policies. Reflecting the sustainable practices adopted by many European countries, the increase in eco-friendly products and the purchase of ethical aquatic species have been on the rise. The other factor that facilitates the trade in the region is that several regional aquarium expositions and fairs are conducted to help exchange ideas among the players with regards to advancement. This emphasis on sustainability along with community building helps in market expansion and stimulates the potential consumers towards the aquarium hobby.

●       ASIA

Asia's market growth is driven by cultural values and urbanization

Asia holds a remarkable Aquarium Market Share because of the values associated with fish keeping and aquascaping towards women, for instance, Japan and China. The region accommodates the largest share in the manufacture of aquarium accessories, as they provide a number of cheap products to different market segments of consumers. In addition to that, the urbanization and disposable income levels of people in Asia are encouraging homeowners to consider the use of aquariums as a means of relaxation and furnishing. All the above reasons place a cultural perspective and a market-friendly reason, and hence a high aquarium market in Asia.

KEY INDUSTRY PLAYERS

"Market growth is driven by innovation and responsible ownership"

Key aquarium market Due to innovation, product development, and marketing strategy, the key aquarium market players have contributed significantly. These include the development of filtration systems, smart aquarium systems, and environmentally conducive products. The attraction to retailers and e-commerce distributors improves the scope of the market, and educational campaigns aimed at responsible fish ownership encourage the hobby, which creates a healthy aquarium market for the fans.

LIST OF TOP AQUARIUM COMPANIES

• Central Garden and Pet (U.S)
• EHEIM (Germany)
• Juwel Aquarium (U.K)
• Hagan (U.S)
• Marukan (Japan)

KEY INDUSTRY DEVELOPMENT

August 15, 2024: Tetra launched its new range of Tetra EasyBalance products. This innovative solution is designed to simplify aquarium maintenance by stabilizing water conditions for up to six months, reducing the need for frequent water changes. The Tetra EasyBalance products utilize a unique formula that replenishes essential minerals and maintains optimal pH levels, promoting a healthier environment for fish and aquatic plants. This launch aims to cater to the increasing demand for user-friendly solutions among aquarium enthusiasts, particularly beginners looking to maintain a thriving aquarium with minimal effort.

REPORT COVERAGE       

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.

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