Europe Reef Aquarium Market Size & Outlook, 2020-2028
Europe reef aquarium market, 2016-2028 (US$M)
Related Markets
Europe reef aquarium market highlights
- The Europe reef aquarium market generated a revenue of USD 1,575.3 million in 2020.
- The market is expected to grow at a CAGR of 9.9% 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, Germany is expected to register the highest CAGR from 2021 to 2028.
Europe data book summary
| Market revenue in 2020 | USD 1,575.3 million |
| Market revenue in 2028 | USD 3,356.6 million |
| Growth rate | 9.9% (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, Europe region accounted for 32.2% 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 |
|---|
Europe 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 47.53% in 2020. Horizon Databook has segmented the Europe reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
Several coral farms are being developed in the region rapidly, and reef livestock are exported or sold to individual and specialized stores at around USD 5 to 150 a piece, on average. Most of growers prefer to sell such livestock to consumers directly via online channels.
A Galician FLAG has supported the creation of Europe’s first commercial coral farm, growing approximately 5,000 corals annually and attracting school trips of children from around the area. This is expected to support the growth of the Europe reef aquarium market in the coming years.
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Target buyers of Europe 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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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 Europe reef aquarium market, including forecasts for subscribers. This continent databook contains high-level insights into Europe reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Europe reef aquarium market report size, by country, 2016-2028 (US$M)
Europe Reef Aquarium Market Share, 2020 & 2028 (US$M)
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