South Africa Ornamental Fish Market Size & Outlook
South Africa ornamental fish market, 2017-2030 (US$M)
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South Africa ornamental fish market highlights
- The South Africa ornamental fish market generated a revenue of USD 30.6 million in 2022 and is expected to reach USD 46.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% 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.
Ornamental fish market data book summary
| Market revenue in 2022 | USD 30.6 million |
| Market revenue in 2030 | USD 46.9 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Household |
| Fastest growing segment | Commercial |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Africa accounted for 0.5% of the global ornamental fish market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa ornamental fish market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 46.9 million by 2030.
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Ornamental Fish Market Scope
Ornamental Fish Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 78.1% in 2022. Horizon Databook has segmented the South Africa ornamental fish market based on household, commercial covering the revenue growth of each sub-segment from 2017 to 2030.
Moreover, the tropical freshwater segment accounted for largest market share in 2022. The majority of inland African freshwater ornamental fishes belong to two evolutionary orders, the Cichliformes and the Cyprinodontiformes, both significantly diversify in terms of fisheries and aquaculture.
In 2022, the household segment is predicted to register a significant CAGR over the forecast period. According to the Observatory of Economic Complexity, people with high disposable incomes are driving the ornamental fish industry in the region, which is driving ornamental fish imports in South Africa.
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Target buyers of South Africa 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 country-level data and insights on the South Africa ornamental fish market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ornamental fish market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa ornamental fish market outlook size, by application, 2017-2030 (US$M)
South Africa Ornamental Fish Market Outlook Share, 2022 & 2030 (US$M)
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