India Reef Aquarium Market Size & Outlook, 2020-2028
India reef aquarium market, 2016-2028 (US$M)
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India reef aquarium market highlights
- The India reef aquarium market generated a revenue of USD 244.8 million in 2020 and is expected to reach USD 647.0 million by 2028.
- The India market is expected to grow at a CAGR of 12.9% 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.
Reef aquarium market data book summary
| Market revenue in 2020 | USD 244.8 million |
| Market revenue in 2028 | USD 647.0 million |
| Growth rate | 12.9% (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, India accounted for 5.0% 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 |
|---|
India 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 49.67% in 2020. Horizon Databook has segmented the India reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
Rising disposable income is leading to an increased adoption of pets in the country, which is the key factor driving the demand for reef aquariums. India is projected to emerge as the fastest growing pet market due to rising adoption rate of companion animals. This, in turn, drives the demand pet accessories, which offers growth prospects for aquarium components.
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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 India reef aquarium market, including forecasts for subscribers. This country databook contains high-level insights into India reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India reef aquarium market report size, by product, 2016-2028 (US$M)
India Reef Aquarium Market Share, 2020 & 2028 (US$M)
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