According to the latest research study by Fact.MR, Aquarium supplies market is set to witness substantial growth during 2021-2031. Owing to the increasing fascination with the aquatic environment and its impact on the atmosphere in homes and other commercial or residential areas, the global demand for aquarium supplies has grown among the population over the years.
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Furthermore, the market is poised to see substantial growth soon as technology advances and developments have been observed in Aquarium supplies products offered around the world.
Covid-19 Impact on Aquarium Supplies Demand
Since a pandemic like covid-19 is unpredictable and uncontrollable, the market is expected to rebound in a V-shaped pattern over the forecast period. Health crises are a major setback for everyone. This effect was even more evident in the aquarium supplies market, as it also experienced a lack of demand from offline channels.
However, having switched to online sales channels during the pandemic helped them to overcome the supply chain disruptions to some extent. Owing to these factors demand has remained almost stagnant during the past year and is however going to return to normal growth track by the end of 2022.
What is Driving the Demand for Aquarium Supplies?
The aquarium has become a valuable experience with nature for the younger generation and allows them to learn about aquatic animals. In recent years, fish keeping has become a collective interest among the people all over the world, commencing the development of the global market for aquarium accessories.
The global market for aquarium accessories is largely driven by escalating demand in the population for ornamental fish and the aesthetic benefits of keeping the aquarium indoors. The retention of fish in the aquariums and its decoration with ornamental plants and other invertebrate species are gaining significance, as it offers them therapeutic benefits.
Additionally, one of the main reasons for the increased demand for aquarium supplies is product innovation in decorative items. The aquarium is being recreated with smaller, smarter and more efficient equipment, making it easier to keep and clean. Owing to the aforementioned factors, aquarium supplies demand is poised to remain consistent throughout the forecast period.
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By Product Type
- Decorative Items
- Aquariums, Stands & Canopies
- Filters & Filter media,
- Controllers & Testing,
- Pumps & Powerheads
- Temperature Control
- Water conditioners & Additives,
- Fish food & feeders
By Water type
By Aquarium size
- Less than 50 Gallon
- 50 – 100 Gallon
- Above 100 Gallon
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Who are the Key Manufacturers and Suppliers of Aquarium Supplies?
Some of the leading manufacturers and suppliers of aquarium supplies include
- Penn Plax
- Qian Hu
Tropical Marine Centre Spectrum Brands Guangdong Boyu Group
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