Asia Pacific Reef Aquarium Market Size & Outlook, 2020-2028
Asia Pacific reef aquarium market, 2016-2028 (US$M)
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Asia Pacific reef aquarium market highlights
- The Asia Pacific reef aquarium market generated a revenue of USD 1,350.3 million in 2020.
- The market is expected to grow at a CAGR of 11.8% from 2021 to 2028.
- In terms of segment, component was the largest revenue generating product in 2020.
- Natural is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 1,350.3 million |
| Market revenue in 2028 | USD 3,304.9 million |
| Growth rate | 11.8% (CAGR from 2020 to 2028) |
| Largest segment | Component |
| Fastest growing segment | Natural |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Artificial, Component |
| Key market players worldwide | EHEIM, Acadia Healthcare Co Inc, API FishCare, Oase, Tropical marine Center, Interpet |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.6% of the global reef aquarium market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,304.9 million by 2028.
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Reef Aquarium Market Scope
Reef Aquarium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific reef aquarium 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 reef aquarium market will help companies and investors design strategic landscapes.
Component was the largest segment with a revenue share of 48.34% in 2020. Horizon Databook has segmented the Asia Pacific reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
Asia Pacific, led by China, Japan, and India, emerged as one of the major markets globally in 2019. The regional market growth can be attributed to the increasing demand for premium and exotic aquarium fishes. Increased prominence of fish in the Japanese art culture further supports the demand for various exotic fishes and aquariums.
The live art exhibition features over 30,000 live fish that are displayed in water tanks and aquariums of different shapes and sizes, including cubes, cylinders and spheres, and is accompanied by multi-colored LED lights and screens to illuminate the live artworks.
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Target buyers of Asia Pacific reef aquarium market databook
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Our clientele includes a mix of reef aquarium market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific reef aquarium market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific reef aquarium market report size, by country, 2016-2028 (US$M)
Asia Pacific Reef Aquarium Market Share, 2020 & 2028 (US$M)
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