세계의 관상어 사료 시장 예측(-2030년) : 제품, 성분 유형, 유통 채널, 용도 및 지역별 분석

According to Stratistics MRC, the Global Ornamental Fish Feed Market is accounted for $6.9 billion in 2023 and is expected to reach $14.1 billion by 2030 growing at a CAGR of 10.6% during the forecast period. The Ornamental Fish Feed Market is the industry that produces specialized nutrition for pet fish. This type of fish food is designed to meet the dietary requirements of ornamental fish species kept in aquariums. It offers several advantages, such as promoting vibrant colors, healthy growth, and overall well-being of the fish. Additionally, ornamental fish feed often comes in various forms, including flakes, pellets, and granules, making it convenient for fish enthusiasts to provide tailored nutrition to their aquatic pets.

According to Ministry of Food Agriculture and Livestock, in Turkey, the ornamental fish production was 474.48 tons in 2015 and increased to 625.13 tons in 2016.

Market Dynamics:

Driver:

Awareness of the nutritional requirements

As more consumers become informed about the specific dietary needs of various fish species, they are increasingly inclined to seek out specialized feeds that cater to these requirements. Different types of ornamental fish, such as tropical, marine, or freshwater species, have distinct dietary preferences, and understanding these distinctions is vital to ensuring the health, growth, and vibrant coloration of the fish. This growing awareness encourages the demand for high-quality, species-specific ornamental fish feeds, driving manufacturers to innovate and formulate products that address these nutritional needs.

Restraint:

Price sensitivity among consumers

Many potential fish hobbyists and enthusiasts are cost-conscious, and they may opt for more economical or generic fish feeds over specialized, higher-priced alternatives. This price sensitivity is particularly pronounced in regions with a strong emphasis on budget-friendly choices. Consequently, it can limit the market's growth potential and the adoption of premium ornamental fish feeds. Manufacturers must strike a balance between providing high-quality products and competitive pricing to navigate this challenge and appeal to a broader customer base, often requiring innovations in production and distribution to address cost concerns effectively.

Opportunity:

The growth of online sales channels

E-commerce platforms provide a convenient and efficient means of reaching a global customer base, expanding market reach beyond geographical limitations. This digital expansion enables manufacturers and retailers to showcase a wide variety of ornamental fish feeds, including specialized and niche products, to a diverse and often niche audience of fish enthusiasts. Moreover, online platforms facilitate easy access to product information, customer reviews, and educational content, empowering consumers to make informed choices regarding fish nutrition. With secure payment options and efficient delivery networks, e-commerce enhances the accessibility of ornamental fish feed, making it easier for consumers to procure specialized and premium products, thereby driving market growth and fostering innovation in the industry.

Threat:

Sustainability issues related to the extraction of ingredients

Many of the essential ingredients in fish feed, such as fishmeal and fish oil, are derived from wild-caught fish populations, contributing to overfishing concerns and ecosystem imbalances. This raises ethical and environmental issues, especially as consumers and regulators increasingly prioritize sustainable and responsible sourcing practices. The threat of depleting fish stocks and the potential negative impact on marine ecosystems can result in stricter regulations, higher production costs, and a tarnished reputation for manufacturers. To address this threat, the industry must actively explore and invest in alternative, more sustainable ingredients and production methods to ensure the long-term viability of the ornamental fish feed market while mitigating its environmental footprint.

COVID-19 Impact:

The COVID-19 pandemic had a notable impact on the Ornamental Fish Feed Market. Lockdowns and restrictions disrupted supply chains, affecting the availability of fish feed and causing potential delays. Reduced foot traffic in physical pet stores affected sales, prompting a shift towards online sales channels. On the positive side, the pandemic fueled a surge in pet ownership as people sought companionship, potentially increasing demand for ornamental fish and their associated products. However, economic uncertainties led some consumers to opt for more affordable feed options, impacting the market for premium and specialized ornamental fish feeds. Overall, the market exhibited a mix of challenges and opportunities as it adapted to the changing landscape.

The live food monitoring system segment is expected to be the largest during the forecast period

The live food monitoring system segment is expected to have lucrative growth over the forecast period. While live food is a natural and nutritionally rich source of nourishment for fish, it comes with certain challenges. First, live food can introduce diseases and parasites to the aquarium, potentially harming the resident fish. Additionally, cultivating live food can be labor-intensive and time-consuming. Despite these drawbacks, live food is favored by some fish enthusiasts due to its ability to stimulate the natural hunting and foraging behaviors of fish, leading to increased activity and engagement. The choice between live and processed feeds depends on the specific needs and preferences of the fish and the aquarist.

The meat segment is expected to have the highest CAGR during the forecast period

The meat segment is anticipated to witness the fastest CAGR growth during the forecast period. Meat-based ingredients are a crucial component in fish feed, as they provide essential proteins, amino acids, and nutrients necessary for fish growth, health, and color enhancement. Fishmeal, in particular, is widely used in the industry due to its high-quality protein content, although concerns about overfishing and sustainability have led to efforts to find alternative protein sources. While meat-based ingredients offer nutritional benefits, their environmental impact and ethical considerations related to animal by product utilization have prompted the industry to explore more sustainable protein alternatives, such as plant-based proteins and single-cell protein sources, to reduce dependency on traditional meat-based components in fish feed formulations.

Region with largest share:

Europe holds a significant share in the Ornamental Fish Feed Market. The region has a thriving pet fish industry and a strong culture of aquarium keeping. This, in turn, drives the demand for specialized and high-quality ornamental fish feeds. The European market benefits from a well-established distribution network, with numerous pet stores and online platforms offering a wide range of fish feed products. Additionally, the region's commitment to sustainability and responsible aquaculture practices has encouraged the development of eco-friendly and ethically sourced fish feeds. Europe is also at the forefront of regulatory standards and guidelines related to fish nutrition and aquaculture, which further shape the market by emphasizing the need for safe, nutritious, and environmentally conscious ornamental fish feeds.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. Boasting a rich diversity of ornamental fish species and a rapidly growing middle-class population, Asia Pacific exhibits a robust demand for ornamental fish, fueling the need for specialized fish feed. Countries like China, India, and Southeast Asian nations are key contributors to the market, with a thriving aquarium hobbyist culture. The region also benefits from its vast aquaculture industry, which supplies fish feed ingredients. Furthermore, the relatively lower cost of labor and production in many Asian countries supports the manufacture of competitively priced fish feed. As the ornamental fish industry continues to expand in Asia Pacific, the market for quality and customized ornamental fish feed is expected to flourish.

Key players in the market

Some of the key players in Ornamental Fish Feed market include: Hualian Group, Kordon LLC, Cichlid Wholesale, Coppens International BV, Freedom Pet Supplies, Gambol, Hikari, Aquarium Alimentos Para Peixes Ltda., Canadian Aquatic Feed, Masterpet Australia Pty Ltd, Ocean Star International (OSI) and Sun Pet LTD.

Key Developments:

In July 2022, sera GmbH introduced its tablet food and rearing food for ornamental fishes which contains all natural ingredients. This product range includes Plankton Tabs Nature, Spirulina Tabs Nature, O-Nip Nature, Viformo Nature and Micron Nature. These products contain pirulina, krill, gammarus etc. whereas these products are free from any dyes or preservatives.

In January 2022, Cargill, Incorporated opened its fish feed plant in India. This is the first feed mill dedicated to fish species in India. This new plant has a production capacity of 90,000 tons of fish feed per year which in turn is expected to triple Cargill's fish feed capacity in India.

Products Covered:

• Live Food
• Processed Food
• Frozen Dried Food

Ingredient Types Covered:

• Meat
• Plant
• Other Ingredient Types

Distribution Channels Covered:

• Store-Based
• Non Store-Based
• Other Distribution Channels

Applications Covered:

• Goldfish
• Koi
• Tropical Fish
• Other Applications

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
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Ornamental Fish Feed Market, By Product

• 5.1 Introduction
• 5.2 Live Food
  • 5.2.1 Earthworm
  • 5.2.2 White worm
  • 5.2.3 Microworms
  • 5.2.4 Other Live Foods
• 5.3 Processed Food
  • 5.3.1 Flakes
  • 5.3.2 Crisps
  • 5.3.3 Granules
  • 5.3.4 Pellets
  • 5.3.5 Other Processed Foods
• 5.4 Frozen Dried Food

6 Global Ornamental Fish Feed Market, By Ingredient Type

• 6.1 Introduction
• 6.2 Meat
  • 6.2.1 Fish Meal
  • 6.2.2 Shrimp Meal
  • 6.2.3 Squid
  • 6.2.4 Other Meats
• 6.3 Plant
  • 6.3.1 Spirulina
  • 6.3.2 Alfalfa
  • 6.3.3 Algae
  • 6.3.4 Vegetable Extracts
  • 6.3.5 Other Plants
• 6.4 Other Ingredient Types

7 Global Ornamental Fish Feed Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Store-Based
• 7.3 Non Store-Based
• 7.4 Other Distribution Channels

8 Global Ornamental Fish Feed Market, By Application

• 8.1 Introduction
• 8.2 Goldfish
• 8.3 Koi
• 8.4 Tropical Fish
• 8.5 Other Applications

9 Global Ornamental Fish Feed Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Hualian Group
• 11.2 Kordon LLC
• 11.3 Cichlid Wholesale
• 11.4 Coppens International BV
• 11.5 Freedom Pet Supplies
• 11.6 Gambol
• 11.7 Hikari
• 11.8 Aquarium Alimentos Para Peixes Ltda.
• 11.9 Canadian Aquatic Feed
• 11.10 Masterpet Australia Pty Ltd
• 11.11 Ocean Star International (OSI)
• 11.12 Sun Pet LTD