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Ornamental Fish Market

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3 years ago

Global Ornamental Fish Market Size study, By Product (Tropical Freshwater, Temperate, Marine) By Application (Commercial, Household) and Regional Forecasts 2022-2028

Bizwit Research

"Global Ornamental Fish Market is valued approximately USD 5.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 20221-2028. Ornamental fish are those that are kept in home aquariums or for aesthetic reasons. These fishes come in a vast range of species, sizes, colors, and forms. Tanks or other aquarium systems are commonly u...

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Ornamental Fish Market

Ornamental fish are colourful and bright fish which are kept in aquariums as a way of decoration. The market for these fish is predicted to rise due to increasing consumer preference for a luxury lifestyle and rising disposable incomes.

The major drivers are the growing population and obsession with the aesthetics of a space. Additionally, the growing awareness that the presence of such fish can elevate the person's psyche also drives the market demand.

Various companies and residential complexes provide spaces with ornamental fish, already a key part of the décor, which drives the market demand. The major restraint is the awareness amongst the population about the detriments to the ecosystem of overfishing for ornamental fish.

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