Aquarium Market is predicted to reach USD 16,216.10 million at a CAGR of 8.06% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Aquarium Market”.

Market Synopsis

According to the MRFR analysis, the global aquarium market was valued at USD 8,230.00million in 2023 and is projected to reach USD 16,216.10million by 2032 at a CAGR of 8.06%.

The key factors driving the growth of the Aquarium market include product’s engagement benefits, and rising interest in aquatic hobbies.

COVID-19 Impact on the Aquarium Market

The aquarium industry has been affected by the COVID-19 outbreak. As people looked for ways to decompress and improve their mental health in the face of the pandemic's uncertainties and limitations, there was a noticeable increase in the interest in and ownership of home aquariums. In an international survey of aquarium keepers, regardless of demographic variables like gender, age, or work situation, more than 80% of participants stated that their aquariums had a significant positive impact on their ability to relieve stress during this time. This heightened interest in aquariums was reflected in consumer behavior, with approximately a quarter of home aquarium owners acquiring significant numbers of fish and aquatic invertebrates since the onset of stay-at-home measures.

Moreover, the pandemic prompted changes in aquarium preservation practices, as most respondents indicated that they were extra diligent in being concerned for their aquariums in comparison to the preceding years. This accelerated attention to upkeep changed into probable encouragement by means of the desire to create the most advantageous environments for aquatic lifestyles and hold the therapeutic advantages derived from watching aquariums. However, challenges emerged, particularly with the availability of stay-at-home meals essential for sustaining aquatic ecosystems. A scarcity in the delivery chain of live foods posed problems for some aquarium owners, impacting their potential to maintain top-rated conditions inside their tanks. Because of the increased awareness of the psychological advantages of owning an aquarium, the COVID-19 pandemic changed the dynamics of the aquarium business. In addition to increasing demand for aquarium-related goods, this increased awareness and involvement have highlighted how crucial sustainable practices and robust supply chains are to sustaining the expanding community of home aquarium hobbyists. In the future, as interests in stress-relieving activities and hobbies centered around nature grow, the post-pandemic landscape will be molded by these findings, which can help industry players adjust their strategies to suit changing consumer requirements and expectations.

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Competitive Landscape

Aquariums are increasingly promoted for their calming effects and ability to reduce stress, leading to their incorporation in wellness and healthcare environments. The aquarium market offers several opportunities for growth, including the expansion in the tourism sector, where the growing number of hotels and resorts worldwide presents opportunities for commercial aquarium installations. Advancements in aquarium technology, such as innovations in filtration, lighting, and temperature control equipment, can enhance the user experience and drive market growth. The key players operating in the Global Aquarium market comprise Spectrum Brands Inc. (US), Central Garden & Pet Company (US), Rolf C. Hagen Inc. (Canada), EHEIM GmbH & Co. KG (Germany), Waterbox Aquariums (US), Juwel Aquarium AG & Co KG (Germany), Aqua Design Amano Co., Ltd. (Japan), Shenzhen Xing Risheng Industrial Co., Ltd. (China), Qian Hu Corporation Limited (Singapore), ND Aquatics Ltd (UK), among others.

Segmentation

By Application

1.Recreational: The growing population across the world coupled with the increased inclination of consumers to keep aquariums at home is a major factor propelling its market growth in the upcoming years. As a part of this, according to a recent study, in Chennai, where 7.95% of 1,154,982 households own aquariums, the percentage of hobbyists is largest; in Bangalore, the highest number of aquarium retailers 600 serves the hobbyists in the city. The country's love of aquarium keeping is expanding for several reasons, including rising per capita income, a rise in the population of middle-class individuals, and an increase in nuclear households, particularly in metro India. It is also influenced by the typical Indian's belief in the theories of Fengshui, Vastu, and other religions. With the introduction of numerous creative plans by developmental institutes, it is believed that the hobby will grow faster going forward.

2.Educational:Aquariums offer a perfect setting for doing scientific research. Inside an aquarium, kids watch and study the interactions, morphology, and behavior of various aquatic animals. Through this experiential education, they can cultivate their critical thinking abilities and acquire knowledge on topics like ecology, biology, and environmental conservation. Aquariums are ideal for refining observation skills, which are crucial for early childhood development since they form the basis for scientific inquiry and problem-solving. Children get an appreciation for detail as they observe the movements and behaviors of fish, recognizing minute variations in color, shape, and movement. This kind of obsessive-compulsive behavior encourages visual discrimination and improves their capacity to see and comprehend minute details in their environment, as well as interact with adults.

3.Research: The growing research institutes across the world coupled with the increasing government investment to strengthen the sector is a major factor fueling its market growth in the upcoming years. As a part of this, in November 2020, Research Infrastructure Investment Plan, the Australian Institute of Marine Science is expanding the National Sea Simulator, using funds provided by the Australian Government. The most sophisticated research aquarium facility in the world is called SeaSim, or the National Sea Simulator. AIMS's ability to produce exceptional, world-class science and sustain Australia's position as a global leader in coral reef research is made possible by this investment, which also supports AIMS's growth and operation as a merit-based national facility.

By Product Type

1.Freshwater Aquariums: A freshwater aquarium is a container that is used to house one or more aquatic freshwater species for aesthetic, scientific, or pet-keeping reasons. Acrylic or transparent glass are the most common materials used to create modern aquariums. The freshwater aquarium fish market has been growing significantly faster than the saltwater aquarium fish market, since freshwater hobbyists outnumber saltwater hobbyists. The freshwater segment is becoming more and more popular, and this trend is expected to continue due to factors including the availability of stocks, the introduction of new species, and the relative ease of upkeep. Freshwater aquarium fishes are in higher demand the more people are interested in keeping them in their tanks.

2.Saltwater Aquariums: A broad term for any saltwater aquarium that could have any kind of marine life inside. Most of the marine life is fish, but there are also crabs, snails, shrimp, and other cephalopods like octopuses and cuttlefish. Many more marine biotopes, such as reef tanks, fish-only tanks, predator tanks, macroalgae tanks, and seahorse tanks, are included. The increasing demand of keeping fish as pets across the US is a major factor contributing to its segmental growth. As a part of this, according to the Florida Department of Consumer Agriculture and Consumer Services, in the United States, aquarium fish are the most popular pet. Approximately one in eight households, or 12 million households, own more than 158 million fish. In the US, Florida leads the nation in the production of aquatic plants and aquarium fish. More than USD 33 million, or over 44% of Florida's total aquaculture sales, come from aquarium fish. With USD 17.5 million, or more than one-fifth of overall sales, aquatic plants come in second. Aquarium fish are the most valuable air freight item that leaves Tampa International Airport each year.

3.Brackish Aquariums: Brackish aquarium is a cross between freshwater and marine environments, exhibiting traits from both. More and more hobbyists are choosing them as a distinctive way to enjoy aquarium keeping because they tend to be less expensive to maintain than saltwater aquariums while delivering a different experience than the typical freshwater setup. While many fish species that are commonly associated with freshwater aquariums can also be acclimated to brackish environments, some true brackish fish are frequently offered for sale as freshwater species in the aquarium trade. Too often, actual brackish water fish are harvested from the wild, which makes them unsuitable for long-term storage in freshwater tanks. Hobbyists can properly care for and enjoy these fish for many years by keeping them in a brackish water aquarium.

By Component

1.Tank: Tank are the most used aquarium form, for the purpose of maintaining freshwater or saltwater aquatic creatures. This means that an aquarium is a place where a variety of aquatic creatures are kept for study or exhibition. Fish and additional decorations, like displayed rocks, make up an aquarium's overall contents. The increasing construction of aquariums across different parts of the world for various purposes such as education, research and many more is likely to fuel its market growth in the upcoming years. As a part of this, in July 2023, the construction of the largest aquarium and aviary by the Telangana government at Kothwalguda, Hyderabad, has alarmed activists for animal welfare and conservation. They have started a social media campaign to voice their concerns that the project could negatively impact both human society and the natural habitat.

2.Filtration System: The most crucial piece of equipment in the aquarium is the filtration system. By effectively eliminating dangerous elements from the tank, filters aid in the maintenance of aquarium water quality. An aquarium cannot support life without adequate filtration. Three stages of mechanical, chemical, and biological filtering should be available in the filter. Filters have a gallon-per-hour (gph) rating and are rated for a certain aquarium size based on a light-to-average fish load for easy filter selection. The number of gallons of aquarium water that flow through the filter in an hour is determined by the gph rating. Generally, the filter has to change the entire volume of water at least three or five times every hour. For 20-gallon aquariums, for instance, filters rated at least 60–100 gph offer effective filtration. The process of mechanically filtering water involves removing or straining out solid particles. Sadly, dissolved ammonia in water cannot be eliminated by mechanical filtering.

3.Substrate: Aquarium substrate are the materials used in the fish/aquarium tank's bottom. For fish and plants to flourish, they support the chemistry, filtration, and microbial proliferation that maintain the equilibrium of the entire ecosystem. The presence of a range of substrate for the aquarium coupled with the range of benefits associated with its usage is likely to boost its market growth in the upcoming years. As a part of this, Live heterotropic bacteria are included in Eco-Complete, which quickly turns fish waste into organic fertilizer for the aquatic plants. As a result, cycling to a new aquarium becomes safer and faster as it restores the natural biological equilibrium. It is immediately organically conditioned using Amazon buffered black water solution, which has the best macroporosity for strong roots and bacterial effectiveness.

4.Heater: Aquarium heaters are waterproof because they stay completely or partially buried in the tank's water. These devices have a "minimal water line" that indicates the amount of the device that must be immersed in. Because they are safe, fully submersible aquarium heaters are more often used. Conversely, a partial submersible could cause an electrical leak, which could be dangerous. Even while heaters are rarely required for more temperate or cool water species like goldfish or koi, they are an essential part of maintaining tropical fish. A heater equipped with a high-quality thermostat can assist keep the water temperature within the ideal range for each kind of fish. The amount of oxygen and food that fish require to survive will depend on whether the water temperature is much higher or lower than ideal. Most aquarium heaters are submersible, come in a variety of wattages, are reasonably priced, and are easy to use.

5.Others: Other segments include lights, pumps and plants. Lights is one of the significant components of an aquarium. Another essential factor to consider while constructing tanks is good illumination. There are several options available these days, including fluorescent lighting, LED lights, and much more. There are several subtle colors and functions available for these lights. The growing installation of aquarium across various sectors has increased the demand of various types of lights for decoration purposes which in turn has compelled manufacturers to come up with a wide range of products which in turn would fuel its market growth in the future. As a part of this, in January 2024, JBL releases their newest LED aquarium lights. With the rapid advancement of LED lighting technology, JBL has updated its popular LED SOLAR aquarium lights with the newest technological developments.

By Distribution Channel

1.Online: Online sales channels usually include e-commerce websites and company-based websites. E-commerce is a method of distribution that uses the Internet to move products and services from manufacturers to customers. E-commerce is just another convenient option for individuals to buy and sell items. This channel's primary benefits include its rapid expansion, its global marketing reach, discount availability and many other advantages. Its market growth is anticipated to be boosted in the next years by the increasing sales of aquarium through online sales channels, especially during and after the pandemic, and the recent debut of aquarium through an e-commerce platform as customers are finding online shopping more convenient and preferred. Moreover, the growing adoption of fish as a pet across the world coupled with the increased benefits associated with the online sales channel is likely to boost its market growth in the upcoming years.

2.Offline: Offline usually includes supermarkets, and hypermarket, specialty stores as well as departmental stores. A supermarket is a big-box store that specializes in everyday necessities and convenience. They have large warehouses and sell non-food items in addition to food. Certain departments might be wholly owned and run, or they might be leased out on a concessional basis. Additionally, the variety of advantages supermarkets provide has made customers more likely to shop there, which could further drive the market's expansion in the future. Having everything they need under one roof saves customers a ton of time, which is one of the supermarket's main and most obvious benefits. Without supermarkets, consumers wouldn't be able to buy a variety of aquarium components without making multiple trips. Furthermore, supermarkets occasionally run a range of entertaining promotional programs that include discounts, cashbacks, and sweepstakes. These kinds of initiatives are not available in small retail establishments.

By Region

1.North America:The region accounted for 34.49% of the market share in 2023 and is poised to reach USD 6162.12 million by 2032. The North America region comprises the US, Canada, and Mexico. North America is home to several world-class aquariums, which are visited by millions of tourists every year, attracted by their captivating displays of marine life and informative exhibits. Georgia Aquarium holds over 10 million gallons of water within its impressive 555,000 square feet, making it the largest in the country while remaining one of the most popular among them all. It has, among other things, about 700 species of water animals, including whale sharks, which are the biggest species on earth. The Ocean Voyager exhibit at this facility is home to four whale sharks and has a capacity for an astonishing 6.3 million gallons of water; alone, it attracts around 60,000 other fish apart from those whales, making it a must-visit place for many people visiting such facilities as this one. According to the Florida Department of Agriculture and Consumer Services, aquarium fish are the most common pet in the United States, with nearly one in eight households owning fish. This translates to approximately 12 million households caring for over 158 million fish. This widespread popularity underscores the significance of the aquarium industry, both in terms of public interest and economic impact.

2.South America: The South America region comprises Brazil, Argentina, and the rest of South America. Growth in the aquarium industry in South America has been a result of various factors, including increased public interest in marine life, education happening in South American countries, and tourism. Leading this growth are Brazil, which by August 2023 each had 29 zoos or aquariums. These establishments serve as homes for different animal species both on land and in water, as well as places to conserve them. However, Argentina comes in second with 17 zoos and aquariums that emphasize the continent’s need to preserve and exhibit its diverse nature. The Marine Aquarium of Rio de Janeiro, also known as AquaRio, is a good case in point. Covering an extensive area of 26,000 square meters, AquaRio is the largest aquarium in Brazil and in South America, consisting of five floors and 28 tanks holding a total volume of water amounting to 4.5 million liters. This astounding facility accommodates approximately 3000 animals from around 350 distinct species, thereby providing visitors with an inclusive overview of as many marine ecosystems as possible. The main attraction of AquaRio is the Oceanic Tank, which contains 3.5 million liters of water and reaches a depth of seven meters. This tank offers a unique experience, allowing visitors to traverse an underwater tunnel and observe marine life from within the heart of the aquarium.

3.Europe:The region accounted for 26.58% of the market share in 2023 and is poised to reach USD 4427.00 million by 2032. Europe region analysis includes Germany, the UK, France, Spain, Italy, and the rest of Europe's countries' performance in the sales and distribution of Aquarium. Public interest in marine life, educational initiatives, and advances in aquarium technology and design have driven the growth of the aquarium industry in Europe. This has been led by some of the continent’s most imposing and extensive aquariums, which rank among key tourist attractions and greatly contribute to marine conservation and education. Among these top-notch facilities in Europe is Nausicaá, which owns the largest aquatic tank on this continent. The huge tank capacity measures 10,000 cubic meters and includes 40 kinds of fish as well as sea creatures like sharks and rays, as well as a variety of exotic fish and corals. It is an example of how far European aquariums have gone in their capabilities regarding maintaining diverse species within such a single tank as this one. Additionally, Germany, Italy, and France are major players in the European market for aquarium products, including substantial numbers of enthusiasts. According to the MRFR study, there are 2.3 million people keeping fish tanks in Germany, while Italy has 1.5 million enthusiasts doing so, and France has approximately 1.25 million aquarists keeping home tanks. This large pool of individuals who love to keep fish creates a lively industry that includes public aquaria, private collections, as well as vibrant stores selling freshwater products or livestock commodities across the region.

4.Asia-Pacific:The region accounted for 21.14% of the market share in 2023 and is poised to reach USD 3165.38 million by 2032. The Asia Pacific region comprises China, India, Japan, Australia & New Zealand, South Korea, and the rest of Asia Pacific. Public interest in sea life, tourism, and educational initiatives has caused growth in the aquarium industry in Asia Pacific, with China playing a leading role. This has led to some of the world’s biggest and most advanced tanks, not just as tourist attractions but also for marine protection and education. Notably, Chimelong Ocean Kingdom in Hengqin China, is ahead of others in this development. It boasts of being the largest aquarium globally, with an incredible 6 million gallons (22.7 million liters). Here one can find various oceanic creatures such as whale sharks, beluga whales, and polar bears within several thematic areas at Chimelong Ocean Kingdom. The Asian-Pacific aquarium industry’s vast holdings confirm its technical prowess and remarkable logistics capabilities. Its size and grandeur alone account for drawing millions of people annually who come to explore top-notch sea life displays throughout the Asia-Pacific region. The S.E.A. Aquarium in Singapore is another participant in the Asia-Pacific aquarium market.