Middle East & Africa Reef Aquarium Market Size & Outlook
Middle East & Africa reef aquarium market, 2016-2028 (US$M)
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MEA reef aquarium market highlights
- The MEA reef aquarium market generated a revenue of USD 200.6 million in 2020.
- The 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.
MEA data book summary
| Market revenue in 2020 | USD 200.6 million |
| Market revenue in 2028 | USD 462.7 million |
| Growth rate | 11% (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, MEA region accounted for 4.1% 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 |
|---|
Middle East & Africa 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 49.3% in 2020. Horizon Databook has segmented the Middle East & Africa reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
Africa’s middle- and upper-income households are the biggest demand generators when it comes to pets and pet products. Additionally, the growing effects of urban loneliness and the need for companionship are motivating people to keep pets. This is likely to have a positive impact on the reef aquariums market.
Additionally, the building of newer aquariums in the MEA region is supporting the growth of the reef aquariums market. For instance, the Oman Aquarium is a key highlight of the ambitious Palm Mall Muscat project that opened in Spring 2018. The aquarium spans over 8,000sqm of the mall and showcases over 30,000 marine animals.
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Our clientele includes a mix of reef aquarium market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa reef aquarium market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Middle East & Africa reef aquarium market
Middle East & Africa Reef Aquarium Market Share, 2020 & 2028 (US$M)
Middle East & Africa reef aquarium market
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