According to Stratistics MRC, the Global Ornamental Fish Feed Market is accounted for $10, 47,120.84 thousand in 2020 and is expected to reach $17, 72,420.75 thousand by 2028 growing at a CAGR of 6.8% during the forecast period. Rising demands for pet fish, increasing farming of various ornamental fishes and increasing demand for commercial feed are driving the market growth. However, fluctuating raw material price is hampering the growth of the market.
Ornamental fish feed or aquarium fish feed is used for the consumption by pet fish kept in aquariums or ponds which is made with plant or animal material. Fish foods normally contain macro nutrients, trace elements and vitamins necessary to keep captive fish in good health.
Based on the type, the processed food segment is going to have lucrative growth during the forecast period as processed foods are easily digestible and consumable for the fish in the aquarium. These foods like flakes have soft texture and do not sink faster in the aquarium, allowing the fish to consume at various levels in the aquarium.
By geography, North America is going to have high growth during the forecast period due to the growing interest of consumers in aquarium fishes and moreover, owing to the rising adoption of ornamental fishes as pets and increasing demand for rising outdoor and indoor pet fish population increases the market growth in the region significantly.
Some of the key players profiled in the Ornamental Fish Feed Market include
Ridley Corporation Limited, Spectrum Brands, Inc , Northfin Fish Food, Zoo Med Laboratories Inc., Ocean Star International (OSI), Ocean Nutrition, Tianjin Dongjiang Food Co., Ltd, OmegaSea LLC, Cargill, Hartz Mountain Corporation, San Fransico Bay Brand Inc., Taiyo Feed Mill Private Limited and Hualian Group.
Products Covered:
- Plant Ingredient
- Meat Ingredient
Types Covered:
- Dried Frozen food
- Processed Food
- Live Food
Usage Covered:
- Aquarium
- Personal
- Ornamental Fish Farms
Applications Covered:
- Tropical Fish
- Mollies
- Goldfish
- Koi
Distribution Channel
- Store-Based
- Non Store-Based
Regions Covered:
- North America
- ·US
- ·Canada
- ·Mexico
- Europe
- ·Germany
- ·UK
- ·Italy
- ·France
- ·Spain
- ·Rest of Europe
- Asia Pacific
- ·Japan
- ·China
- ·India
- ·Australia
- ·New Zealand
- ·South Korea
- ·Rest of Asia Pacific
- South America
- ·Argentina
- ·Brazil
- ·Chile
- ·Rest of South America
- Middle East & Africa
- ·Saudi Arabia
- ·UAE
- ·Qatar
- ·South Africa
- ·Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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