China Reef Aquarium Market Size & Outlook, 2020-2028
China reef aquarium market, 2016-2028 (US$M)
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China reef aquarium market highlights
- The China reef aquarium market generated a revenue of USD 516.9 million in 2020 and is expected to reach USD 1,193.9 million by 2028.
- The China market is expected to grow at a CAGR of 11% 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 516.9 million |
| Market revenue in 2028 | USD 1,193.9 million |
| Growth rate | 11% (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, China accounted for 10.6% 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 Asia Pacific, China reef aquarium market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 647.0 million by 2028.
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Reef Aquarium Market Scope
Reef Aquarium Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 48.89% in 2020. Horizon Databook has segmented the China reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
China accounted for a share of 38.6% of the Asia Pacific market in 2019. Growing availability of and accessibility to high-quality aquariums as well as the presence of numerous pet shops in the country is driving the market for reef aquariums. Pet parents are becoming a new breed of power purchasers in China. Chinese millennials are the driving force of this booming market.
According to data from the Economist in 2020, young millennials under 30 accounted for 45.2% of the total pet owners in China, while those between the ages of 30–40 made up 29.5% of the petowning population. This scenario is likely to drive the adoption of aquariums at residential as well as commercial spaces, thereby boosting the demand for reef aquariums in China over the forecast period.
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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 China reef aquarium market, including forecasts for subscribers. This country databook contains high-level insights into China reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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China reef aquarium market report size, by product, 2016-2028 (US$M)
China Reef Aquarium Market Share, 2020 & 2028 (US$M)
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