[300 Pages Report] The global aquarium hydrometers market is estimated to reach USD 1.1 Million in 2022 and is projected to reach USD 2.2 Million by 2032, at a CAGR of 7% from 2022 to 2032. Share of the aquarium hydrometers market is anticipated to be nearly 0.5% of the global pet care market.
| Attribute | Key Insights |
|---|---|
| Aquarium Hydrometers Market Estimated Size (2022) | USD 1.1 Million |
| Projected Market Valuation (2032) | USD 2.2 Million |
| Value-based CAGR (2022 to 2032) | 7% |
| Top player’s Market Share | 0.5 % |
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People keep fish, invertebrates, amphibians, aquatic reptiles including turtles, and aquatic plants in aquariums and use aquarium accessories. Aquarium fish and aquarium accessories are getting increasingly popular.
The global aquarium accessories market is primarily driven by high demand for ornamental fish, as well as the aesthetic benefits of having an aquarium at home. Consumers are becoming more interested in keeping fish in aquariums and decorating them with attractive plants and other invertebrate species because it provides therapeutic advantages and helps to alleviate stress among hospital patients.
Low margins in aquarium accessories items, on the other hand, are limiting sales in the market. Regular maintenance and adequate care are vital for maintaining a healthy environment for fishes. One of the most important aspects of aquarium maintenance is choosing the right type of fish and ensuring that the number of fish does not exceed the aquarium's complete capacity.
High Demand for Decorative Fish Aquariums Will Boost Sales
Due to their sensitivity to abrupt temperature changes in the environment in which they are housed, fish should be kept in the same water quality as their natural habitat. If the fish tank is too chilly, the fishes become stressed and sensitive to parasite infestations, and if the aquarium is too hot, the dissolved oxygen level drops rapidly, causing the fish to suffocate. As a result, adequate temperature control systems must be implemented, and aquarium accessories are essential.
Depending on the tank's residents, an aquarium usually includes filtration equipment, artificial lighting, and a heater or chiller. Aquarium filtration systems that combine biological and mechanical elements are prevalent. It has been estimated that 1.5 to 2 million people around the world have aquariums, with 600,000 households owning an aquarium to decorate their houses.
Rising Awareness Regarding Water Salinity and its Harmful Effects Will Boost Sales
The USA is expected to emerge as one of the most lucrative markets for aquarium accessories due to high adoption of ornamental fish aquariums for decorative purposes. In terms of pet fish ownership, the USA accounted for the largest share. More than 11 million ornamental fishes are taken from the world’s reefs annually, to meet the demand of 700,000 aquarium hobbyists in the USA aquarium accessories market.
High Demand for Aquarium Accessories Across Fisheries in China Will Augment Growth
In China, individuals are preferring fishes as pets across many households. They are also constructing larger aquariums for aesthetic purposes in restaurants, cafes and spas. High adoption of ornamental fishes and is driving sales of aquarium accessories in China, which is expected to have a direct impact on sales of aquarium hydrometers.
Swing Arm Hydrometer is being Preferred by Consumers
The swing-arm hydrometer is very cheap and easy to operate, but it’s not without its limitations. In a swing arm hydrometer, the bubble can easily get stuck and it may cause inaccurate reading but still, the swing arm hydrometer is a widely used one. Most beginner aquarists are using swing-arm hydrometers.
Easy Availability and Wide Variety Will Drive Sales of Aquarium Hydrometers Online
Increasing penetration of e-commerce and online sales in the aquarium accessories market is another factor which is expected to fuel sales in the market. Online platforms enable consumers to access various new products at any given time. Online platforms also help in significantly reducing distribution costs.
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Leading players operating in the global aquarium hydrometer market are investing in research and development to improve the functionality of these hydrometers. They are also launching new products on online sales channels to improve sales. In addition to this, some players are investing in mergers, acquisitions, and collaborations with smaller brands to revamp their product portfolios. However, product launches will remain the most utilized strategy among key aquarium hydrometer market players. For instance:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 1.1 Million |
| Projected Market Valuation (2032) | USD 2.2 Million |
| Value-based CAGR (2022 to 2032) | 7% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa |
| Key Countries covered | The USA, Canada, Brazil, Mexico, Germany, the UK, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, |
| Key Market Segments Covered | By Product Type, By Application, By end-use, By Price range, Sales Channels, By Region |
| Key Companies Profiled | Tropical Marine CentRE Ltd.; PetSmart; Petco; Petland; Juwel Aquarium; Tetra; Marina; FAGINEY; Eston; That pet place |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The aquarium hydrometer market is expected to reach USD 1.1 Billion in 2022.
The aquarium hydrometer market valuation is set to surpass USD 2.2 Billion by 2032.
The aquarium hydrometer market is expected to grow at a 7% CAGR from 2022 to 2032.
The leading layers of the global aquarium hydrometer market are Petco, Pet finder, PetSmart, Pet mate, and Petco Foundation.
| Estimated Market Size (2024E) | ~USD 925.1 million |
|---|---|
| Projected Market Valuation (2034F) | ~USD 1,776.1 million |
| Value-based CAGR (2024 to 2034) | ~6.7% |
| Market Value for 2023 | USD 31,015.3 million |
|---|---|
| Market Value for 2033 | USD 49,895.6 million |
| Market CAGR from 2023 to 2033 | 4.9% |
| Market Estimated Size in 2023 | USD 7,612.79 million |
|---|---|
| Projected Market Value in 2033 | USD 20,374 million |
| Value-based CAGR (2023 to 2033) | 10.3% |
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Aquarium Hydrometers Market
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