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According to a new report by Expert Market Research, ‘Global Aquarium Accessories Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, the Global Aquarium Accessories Market is estimated to reach xxx million USD in 2019 and projected to grow at the CAGR of xx% during the 2020-2025.
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The global aquarium accessories market is gaining importance among the population over the years due to the rising fascination towards the underwater world and its effect on the atmosphere in the homes and other residential and commercial areas. For the younger population aquarium has become a valuable encounter with the nature and also helps them to gain knowledge regarding the underwater species. Fish keeping has become a popular hobby among the population across the globe in recent years and thus this is triggering the growth rate of the global aquarium accessories market. A well-planted aquarium with proper maintenance is considered as one of the most beautiful living ornaments kept at every households, hotels, restaurants etc.
Aqua breeding, selling of aquarium fishes and aquarium accessories are becoming a huge business. Fishes should be kept in the type of water which they occupy in nature, due their sensitivity to rapid changes in temperature of the environment in which they are kept. If the fish tank gets too cold, fishes get stressed and get vulnerable to parasite infestations and if the aquarium gets too warm, the dissolved oxygen level drops rapidly and fishes suffocate inside the aquarium. Therefore proper temperature control systems should be installed and hence aquarium accessories play an important role.
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The penetration of aquarium accessories was the highest in the North American region during 2015. In this region, countries like the US and Canada lead the market in terms of pet fish ownership. As per a market analysis, more than 11 million reef fish are taken from the world’s reefs each year to meet the high demand of 700,000 aquarium hobbyists in the US. Moreover, there are several fish clubs and societies in the region that are spreading the fish keeping hobby among consumers and are fostering awareness regarding these endangered species.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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