United States Ornamental Fish Market

United States Ornamental Fish Market Outlook

The United States ornamental fish market is registering a valuation of US$ 1.55 billion in 2023 and is estimated to reach US$ 3.67 billion by 2033. The market is securing a CAGR of 9.0% during the forecast period.

Factors Driving the United States Ornamental Fish Market

• Rising Demand: There has been a steady increase in demand for ornamental fish in the United States, both from individual hobbyists and commercial buyers. It is due to the popularity of aquarium fish and the growing interest in exotic and colorful fish species.
• Availability of Different Species: With advances in technology, it has become easy to breed and import a wide variety of fish species worldwide. It has created a great variety of buyers' options and has helped stimulate demand.
• Aquaculture Industry Growth: The growth of the aquaculture industry in the United States has also contributed to the growth of the ornamental fish market. As many fish farms are established, there is a great supply of locally sourced ornamental fish, which reduces the dependence on imports.
• E-commerce: The rise of eCommerce has made it easy for buyers to purchase ornamental fish online, expanding the market's reach and making it convenient for consumers.
• Growing Awareness: Growing consumer awareness about the importance of sustainable and ethical practices in the ornamental fish industry. As a result, there has been an increasing demand for fish that are ethically sourced, sustainably produced, and raised in healthy environments.

Environmental Concerns Decline the Market Growth

Several restraining factors can impact the United States ornamental fish market, including:

• Stringent Regulations: The ornamental fish industry is heavily regulated to ensure the health and safety of the fish and prevent the introduction of non-native species into the wild. These regulations can create obstacles for businesses trying to import, export, or sell fish, leading to increased costs and reduced profitability.
• High Cost of Entry:
• Starting an ornamental fish business can be expensive.
• Requiring significant investments in equipment.
• Infrastructure.
• Skilled labor.
• Limited Shelf Life: Ornamental fish have a limited shelf life, and maintaining their health and quality during transportation can be challenging. It can lead to high mortality rates, which can impact the industry's profitability.
• Competition from other Pet Species: Ornamental fish species face competition from other pet species, such as cats and dogs. It can limit the growth of the market and the demand for ornamental fish.
• Environmental Concerns: The environmental impact of the ornamental fish industry can also be a restraining factor. Importing non-native species can lead to ecological imbalances, and the disposal of fish waste can contribute to pollution. As a result, rare consumers may choose to avoid buying ornamental fish altogether, which can limit demand.

The United States Ornamental Fish Market, 2018 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook

According to a report, the market was valued at almost US$1.4 billion in 2018. The market faced several challenges, including disruptions in supply chains, reduced demand, and temporary closures of pet stores and aquariums. It may have impacted the growth rate of the market during the period from 2018 to 2022. The market was predicted to experience moderate growth between 2018 and 2023.

• Short Term (2023 to 2026): The growing demand for exotic fish spices and the popularity of aquariums are fueling the market growth in this time frame. Rising consumer awareness of sustainability and environmentally friendly products is expanding the market size further.
• Medium Term (2026 to 2029): The growing innovation, adopting advanced technologies, availability of different spices, and newly launched products propel the market size. The key companies invest huge amounts in research & development activities to develop unique products as per consumers' requirements.
• Long Term (2029 to 2033): Rising government initiatives, present key players, the growing aquaculture industry, supply chains, and e-commerce websites are advancing the market size. The key companies are adopting several marketing tactics to uplift the market expansion in the coming period.

Sudip Saha

Principal Consultant

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The Top Categories in the Market

Which Application Segment Dominates the Market?

The market can be segmented on application into three leading categories: residential, commercial, and public display.

The residential segment includes individual hobbyists who keep ornamental fish in home aquariums. This segment is expected to be a significant segment of the ornamental fish market. The increasing popularity of aquariums and colorful fish species is rising the residential sector revenue during the forecast period.

The commercial segment includes businesses that sell ornamental fish to pet stores, aquarium shops, and other retail outlets. This segment is driven by the demand for ornamental fish among commercial buyers, who purchase fish in huge quantities.

The public display segment includes zoos and other facilities that showcase ornamental fish for educational or entertainment purposes. This segment is driven by high-quality and rare fish species that can attract visitors and enhance their experiences. Due to its maximum share, the residential segment is expected to dominate the United States ornamental fish market.

Tropical Freshwater Fish Product Leads the Market

Tropical freshwater fish is a leading segment of the United States ornamental fish market. This segment includes a wide range of fish species, such as angelfish, tetras, guppies, and cichlids.

Tropical freshwater fish are popular among aquarium hobbyists due to their vibrant colors, unique patterns, and ease of care. They are also relatively affordable compared to other ornamental fish market segments, such as saltwater fish.

Overall, the tropical freshwater fish segment remains strong in the United States. The popularity of ornamental fish species within this segment can vary depending on current trends and availability.

An Eagle Eye on Top Countries in the Market

Rising Production of Ornamental Fish Drives the United States Market

The United States is one of the leading markets for ornamental fish in terms of consumption and production. According to a report, the United States is the essential importer in the world, accounting for over 20% of global imports.

The United States is also a leading producer of ornamental fish, particularly in Florida. The growing extensive aquaculture industry in the country leads the market expansion. The industry in Florida produces a wide variety of ornamental fish breeding, such as corals and shrimp. Overall, the ornamental fish industry is a significant part of the fish trade.

Competitive Landscape

The ornamental fish market in the United States is a significant industry, and several key players play strategic roles in shaping the market. A few of the strategic roles played by these key players include:

• Producers: Producers play a crucial role in the ornamental fish market by breeding and raising fish for sale. They are responsible for maintaining the health and quality of the fish and ensuring that they are available for sale to retailers and consumers.
• Wholesalers: Wholesalers act as intermediaries between producers and retailers, purchasing fish in bulk and reselling them to retailers. They play a critical role in ensuring that the fish are transported safely and efficiently to retailers and are available for sale to consumers.
• Retailers: Retailers are the final link in the ornamental fish market chain, selling fish directly to consumers. They play a strategic role in shaping the market by determining which fish species to stock and how to market them to consumers.
• Associations: Trade associations, such as the Pet Industry Joint Advisory Council, play a strategic role in shaping the ornamental fish market by advocating for the industry's interests and promoting best practices among industry participants.
• Government Agencies: Federal and state government agencies, such as the United States Fish and Wildlife Service and the Department of Agriculture, play a critical role in regulating the ornamental fish market to ensure the sustainability of the trade and the protection of native species. Overall, the ornamental fish market in the United States is shaped by the strategic roles played by key players.

Recent Developments in the United States Ornamental Fish Market:

• In 2020, Central Garden & Pet Company acquired DoMyOwn.com, an online pest control and lawn care product retailer. This acquisition expands Central Garden & Pet's reach into the e-commerce market and complements its existing portfolio of pet and garden products.
• In 2021, Segrest Farms announced that it had received certification from the Global Aquaculture Alliance's Better Aquaculture Practices program for its tilapia and catfish production. This certification recognizes Segrest Farms' commitment to sustainable aquaculture practices.
• In 2020, Aqua Leisure launched its ‘Aquarium Life’ line of products, which includes a range of aquarium decorations, filters, and food. The company also launched a new website to showcase its products and provide customers with educational resources on aquarium care.
• In 2020, PetSmart announced that it had acquired Chewy, an online pet food and supplies retailer. This acquisition strengthens PetSmart's position in the e-commerce market and allows the company to offer its customers a wider range of products.
• In 2020, Blue Ridge Fish Hatchery announced that it had expanded its facilities to include a new hatchery building and quarantine facility. This expansion allows the company to increase its production of koi and goldfish and maintain its high standards for fish health and quality.

Prominent Players Operating in the Market

• Guangzhou JZX Aquarium Equipment Co., Ltd
• Tropical Marine Centre
• Aqua Leisure
• OASE Living Water
• Qian Hu Corporation Limited
• Blue Ridge Fish Hatchery
• PetSmart
• Aqua Design Amano
• Rolf C. Hagen Group
• Dennerle GmbH

Scope of Report

United States Ornamental Fish Market by Category

By Application:

• Commercial
• Public Display
• Residential

By Product Type:

• Tropical Freshwater
• Marine
• Temperature

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe