According to the newly released report by Future Market Insights (FMI), the global aquarium and fish bowls market is estimated to be valued at USD 1.61 billion in 2023, with projections to reach USD 2.65 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 5.1% over the next decade.
The report highlights the significant role of fishkeeping as one of the most popular hobbies worldwide, with freshwater species dominating the market. As enthusiasts look to create vibrant aquatic environments, the demand for aquariums and related products such as aeration machinery, substrates, decorations, and fish food continues to surge.
Key Drivers
- Growing Popularity of Fishkeeping: An increasing number of enthusiasts around the world are taking up fishkeeping as a hobby, driving demand for aquariums and related products.
- Psychological Benefits: Fishkeeping is recognized for its therapeutic effects, such as stress relief and enhanced emotional well-being, making it appealing to a broad demographic, particularly millennials.
- Urbanization and Compact Living: As urban areas expand, the demand for space-saving and multifunctional aquariums is rising, catering to consumers with limited living spaces.
- Technological Integration: The incorporation of smart technology in aquarium management systems is attracting consumers who prefer advanced features for easier maintenance and monitoring.
- Diverse Product Offerings: A growing range of aquarium products, including aeration machinery, substrates, and decorative elements, is enhancing consumer options and driving sales.
- Expansion of Specialized Retail: The emergence of specialized aquarium stores providing installation and maintenance services is creating new business opportunities and increasing accessibility for consumers.
- Sustainability Trends: An increasing focus on eco-friendly practices and sustainable products is influencing consumer preferences and encouraging market growth.
Regional Insights
- United States: The largest market for aquariums, driven by a strong culture of fishkeeping and therapeutic applications in various settings.
- Germany: A well-established aquarium hobbyist culture, with increasing demand for customized and innovative aquarium designs that prioritize animal welfare.
- Japan: Rapid adoption of smart aquarium technology amid urbanization, leading to a preference for compact, space-saving aquariums.
- United Kingdom: Significant growth driven by urbanization and a high adoption rate of fish as pets, leading to demand for compact aquariums.
- China: A booming aquarium market fueled by pet humanization and the flourishing e-commerce industry, offering easy access to aquarium products.
- India: Rising interest in ornamental fishkeeping and home decoration, supported by a growing middle class and increased disposable income.
- France: Regulatory changes mandating larger fish bowls are driving demand for bigger aquariums, focusing on the well-being of aquatic life.
Competitive Landscape
The aquarium and fish bowl market features a mix of a few prominent players alongside numerous small to medium-sized companies. Manufacturers are particularly focused on product development and differentiation to stand out in the market.
Recent Developments
- EHEIM introduced a new aquarium set in November 2022. The premium aquarium tank "clear tank" and the brand-new cabinet "clear cab" make up the new aquarium EHEIM clear scope set. Aquascapers can create beautiful underwater landscapes in the tank. It is made of the purest, whitest glass. Transparent silicone was used to bind the panes, making the gaps practically undetectable.
- The Italy-based manufacturer Corci announced in June 2022 that the Amtra branded cooling fan is going to be added to its line of products. Due to the scorching summers, this tries to give water cooling options.
- 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 door magnet light that stands for magnet light as a new aquarium feature.
- The introduction of aquarium fish breeding facilities at a subsidy program 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.
Key Players
- EHEIM GmbH & Co. KG
- Aqua Design Amano
- Tropical Marine Centre Ltd.
- PetSmart
- Petco
- Petland
- ZooMed
- Clear-Seal
- Juwel Aquarium
- That Pet Place
- Aquamerik Inc.
- Rock’n Crab Aquatics LLC
- Tetra
- Arcadia Aquatic
Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com
Market By Category
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:
- Wholesale distributors
- Specialty Stores
- Aquarium shops
- Pet Care Shops
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
