Latin America Ornamental Fish Market Size & Outlook
Latin America ornamental fish market, 2017-2030 (US$M)
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Latin America ornamental fish market highlights
- The Latin America ornamental fish market generated a revenue of USD 365.6 million in 2022.
- The market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
- In terms of segment, household was the largest revenue generating application in 2022.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 365.6 million |
| Market revenue in 2030 | USD 652.5 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | Household |
| Fastest growing segment | Commercial |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Household, Commercial |
| Key market players worldwide | Qian Hu Corporation, Imperial Tropicals |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.2% of the global ornamental fish market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,729.5 million by 2030.
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Ornamental Fish Market Scope
Ornamental Fish Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America ornamental fish market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ornamental fish market will help companies and investors design strategic landscapes.
Household was the largest segment with a revenue share of 74.23% in 2022. Horizon Databook has segmented the Latin America ornamental fish market based on household, commercial covering the revenue growth of each sub-segment from 2017 to 2030.
Moreover, in the region, the trade in freshwater stingrays for ornamental purposes is strictly regulated, with some species prohibited from export and others subjected to a strict quota.
In addition, the rising number of fish owners in the region is acting as the major driver for the freshwater segment’s growth. The red claw crayfish (Cherax quadricarinatus; hereafter-red claw) is one of the region's most popular adopted fishes. It is native to northern Australia and southern New Guinea.
The commercial segment's demand for ornamental fish is expected to register a CAGR of highest growth over the forecast period. The growing number of commercial properties and the increased maintenance costs are driving this demand.
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Target buyers of Latin America ornamental fish market databook
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Our clientele includes a mix of ornamental fish market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ornamental fish market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ornamental fish market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ornamental fish market outlook size, by country, 2017-2030 (US$M)
Latin America Ornamental Fish Market Outlook Share, 2022 & 2030 (US$M)
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