UK Reef Aquarium Market Size & Outlook, 2020-2028
UK reef aquarium market, 2016-2028 (US$M)
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UK reef aquarium market highlights
- The UK reef aquarium market generated a revenue of USD 353.9 million in 2020 and is expected to reach USD 713.1 million by 2028.
- The UK market is expected to grow at a CAGR of 9.2% 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 353.9 million |
| Market revenue in 2028 | USD 713.1 million |
| Growth rate | 9.2% (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, UK accounted for 7.2% 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 Europe, UK reef aquarium market is projected to lead the regional market in terms of revenue in 2028.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 642.7 million by 2028.
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Reef Aquarium Market Scope
Reef Aquarium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 46.62% in 2020. Horizon Databook has segmented the UK reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
In the U.K., it is estimated that around 15% of households have pet fish, with total population being between 40–60 million pet fish. Showpiece fish tanks are becoming very popular with the rich and famous; thus, leading to extravagant aquariums in consumers’ homes. They have become a fashionable interior design feature.
This rising trend of fish as pets has been put down to the ease of caring for and availability of fish as compared to other animals. A convenient option for those in flats or rented accommodation, fishkeeping is on the rise. This factor is expected to drive the demand for reef aquariums over the forecast period.
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Target buyers of UK 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 country-level data and insights on the UK reef aquarium market, including forecasts for subscribers. This country databook contains high-level insights into UK reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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UK reef aquarium market report size, by product, 2016-2028 (US$M)
UK Reef Aquarium Market Share, 2020 & 2028 (US$M)
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