Ornamental Fish Market in the United States is Expected to Grow to US$ 3.67 Billion by 2033 – FMI

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

Why is the Popularity of Ornamental Fish Surging?

There are several reasons why the popularity of ornamental fish is surging:

  • Aesthetics: Many people are attracted to the beauty of ornamental fish, which comes in various vibrant colors and unique patterns. It can be a visually appealing addition to a home or office space.
  • Low Maintenance: Unlike other pets, ornamental fish requires relatively low maintenance. It does not need to be taken for walks, groomed, or fed as frequently as other pets.
  • Stress Relief: Studies have shown that watching fish swim can relax and reduce stress. Many people find watching fish in an aquarium to be a therapeutic experience.
  • Customization: With various aquarium sizes and designs available, consumers can create customized aquariums to suit their preferences and space.
  • Social Media Influence: Social media platforms made it easy for people to showcase their aquariums and share their love for ornamental fish with a wide audience. It has led to an increase in awareness and interest in ornamental fish.

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Key Takeaways:

  • The United States ornamental fish market is estimated to capture a CAGR of 9.0% with a valuation of US$ 3.67 billion by 2033.
  • In a historic period, the market secured a valuation of US$ 1.4 billion in 2018.

Key Marketers are Executing Plans to Enhance the Market Expansion

To increase the expansion of a market, market players can employ various strategies, such as:

  • Conducting Market Research: Marketers can conduct market research to gain insights into the market’s current state, identify consumer needs, and understand the competition. This information can help them to develop effective marketing strategies.
  • Developing a Targeted Marketing Plan: Market players can develop a targeted marketing plan with their target audience based on the insights gained from market research. This plan should include tactics such as social media marketing, email marketing, and influencer partnerships.
  • Building Brand Awareness: Building brand awareness is crucial for the growth of any market. Marketers can use various tactics, such as advertising, public relations, and content marketing, to increase brand awareness.
  • Offering Unique Value Propositions: Marketers can differentiate their products and services by offering unique value propositions. It provides exceptional customer service to offer exclusive product features.
  • Leveraging Technology: Technology has revolutionized the way key players approach their marketing efforts. Marketers can use technologies such as Artificial Intelligence, data analytics, and automation to optimize their marketing campaigns.

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Recent Developments in the United States Ornamental Fish Market:

  • AquaBounty Technologies is a biotechnology company that has developed genetically modified salmon. The company has recently received approval from the United States Food and Drug Administration to sell its salmon. The company’s innovative approach to aquaculture has implications for the ornamental fish market.
  • Piscine Energetics is a company that produces and sells fish food made from marine zooplankton. The company’s products are marketed as being highly nutritious and sustainable. Recently, the company has expanded its product line to include fish feed for various species.
  • Reef Nutrition is a company that produces and sells live phytoplankton and zooplankton for aquarium use. The company’s products are designed to support the growth and health of marine organisms, including fish and other invertebrates. The company has recently expanded its product line to include frozen and dried products.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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