Latin America Reef Aquarium Market Size & Outlook
Latin America reef aquarium market, 2016-2028 (US$M)
Related Markets
Latin America reef aquarium market highlights
- The Latin America reef aquarium market generated a revenue of USD 303.3 million in 2020.
- The market is expected to grow at a CAGR of 11.3% 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, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 303.3 million |
| Market revenue in 2028 | USD 714.8 million |
| Growth rate | 11.3% (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, Latin America region accounted for 6.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Reef Aquarium Market Scope
Reef Aquarium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 48.63% in 2020. Horizon Databook has segmented the Latin America 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), South America accounted for 2.3% of the global aquaculture production in 2017. Reef aquariums and other accessories are required to maintain the health of the fish; hence, their demand is expected to rise. Moreover, growing export from the region is estimated to boost market growth over the forecast period.
Reasons to subscribe to Latin America reef aquarium market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America reef aquarium market databook
-
Our clientele includes a mix of reef aquarium market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Latin America reef aquarium market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America reef aquarium market report size, by country, 2016-2028 (US$M)
Latin America Reef Aquarium Market Share, 2020 & 2028 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
