A Aquarium Market Research Report Information by Type (Aquarium Tank, Filtration Equipment, Temperature Control Equipment, Lighting Equipment, and Oxygen Equipment)

Aquarium Market Research Report Information by Type (Aquarium Tank, Filtration Equipment, Temperature Control Equipment, Lighting Equipment, and Oxygen Equipment), Application (Household and Office, Commercial, Zoo, and Oceanarium), and By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Industry Forecast Till 2032

The aquarium market was valued at USD 8,230.00 million in 2023. The aquarium market is expected to expand from 2024 to USD 16,216.10 million by 2032, with a compound annual growth rate (CAGR) of 8.06% over the forecast period (2024-2032). The steady global demand for aquariums is fueled by the product's engagement benefits and growing interest in aquatic hobbies.

The aquarium hobby is undergoing significant changes as enthusiasts' preferences and interests shift. The emphasis on owning unusual or unique animals has become a badge of honour for many aquarists. Gathering uncommon and exotic species not only enhances the visual appeal of an aquarium, but also acts as a status symbol in the fishkeeping community. Hobbyists enjoy displaying rare fish, corals, and invertebrates, and they frequently conduct extensive research and invest large sums of money to collect and preserve those coveted specimens. This movement has created a niche market, with specialized breeders and suppliers catering to the need for unusual and magnificent aquatic life, pushing the limits of what's possible in-home aquariums. Concurrently, the appeal of fishkeeping as an interest is increasing, owing to its accessibility and therapeutic benefits. Aquariums provide a relaxing and visually exciting environment that can help decrease stress and anxiety, making them a popular addition to homes and offices.

Market Segment insights
The Aquarium Market is divided into three segments based on application: recreational, educational, and research.
The market has been divided into three product types: freshwater aquariums, saltwater aquariums, and brackish aquariums.
The Aquarium Market is divided into five components: tank, filtration system, substrate, heater, and others.
The market has been divided into two segments based on distribution channel: online and offline.

Regional insights
The study divides the market into five regions: North America, South America, Europe, Asia Pacific, and South America. The North American Aquarium market will have the greatest market share (34.49%) in 2023, with an 8.06% CAGR. The North America region includes the United States, Canada, and Mexico. North America is home to several world-class aquariums, which attract millions of tourists each year with their stunning displays of marine life and educational exhibits. Georgia Aquarium has approximately 10 million gallons of water within its amazing 555,000 square feet, making it the country's largest while also being one of the most popular. It is home to around 700 aquatic species, including whale sharks, the world's largest species. The Ocean Voyager exhibit at this facility houses four whale sharks and has a capacity of 6.3 million gallons of water; alone, it draws approximately 60,000 additional fish in addition to the whales, making it a must-see location for many individuals who visit such facilities.

Major Players
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), and ND Aquatics Ltd.