Leading Reef Aquarium Product Markets Databank
The Reef Aquarium market was valued at $4,800.0 Million in 2020, and is projected to reach $8,210.1 Million by 2029 growing at a CAGR of 6.19% from 2021 to 2029. Component segment is expected to be the highest contributor to this market, with $2,238.0 Million in 2020, and is anticipated to reach $3,818.4 Million by 2029, registering a CAGR of 6.16%. Artificial segment is anticipated to reach $1,223.8 Million by 2029 with the highest CAGR of 6.27%. Component and Natural segments collectively expected to account for about 85.2% share of the Reef Aquarium market in 2020, with the former constituting around 46.6% share. Artificial and Natural segments are expected to witness significant growth rates at a CAGR of 6.27% and 6.19% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 53.4% in the overall Reef Aquarium market in 2020, and is anticipated to reach 53.5% by 2029.
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