Brazil Reef Aquarium Market Size & Outlook, 2020-2028
Brazil reef aquarium market, 2016-2028 (US$M)
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Brazil reef aquarium market highlights
- The Brazil reef aquarium market generated a revenue of USD 123.5 million in 2020 and is expected to reach USD 278.6 million by 2028.
- The Brazil market is expected to grow at a CAGR of 10.7% 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.
Reef aquarium market data book summary
| Market revenue in 2020 | USD 123.5 million |
| Market revenue in 2028 | USD 278.6 million |
| Growth rate | 10.7% (CAGR from 2020 to 2028) |
| Largest segment | Component |
| Fastest growing segment | Natural |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Brazil accounted for 2.5% of the global reef aquarium market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil reef aquarium market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 278.6 million by 2028.
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Reef Aquarium Market Scope
Reef Aquarium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 46.23% in 2020. Horizon Databook has segmented the Brazil reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
As per Food and Agriculture Association (FAO), Brazil accounted for 0.53% of the aquaculture production worldwide in 2017. This results in the growing demand for reef aquariums and other accessories required to maintain the health of the fish.
Moreover, growing export from the region is also estimated to boost the market over the forecast period. Export of aquatic products from Brazil has increased by 0.3% annually from 2000 to 2017. This is acting as a major driver for the market growth of reef aquariums products in the country.
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Our clientele includes a mix of reef aquarium market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil reef aquarium market, including forecasts for subscribers. This country databook contains high-level insights into Brazil reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil reef aquarium market report size, by product, 2016-2028 (US$M)
Brazil Reef Aquarium Market Share, 2020 & 2028 (US$M)
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