Goldfish Market
Goldfish Market Forecasts to 2030 - Global Analysis By Type (Common, Fancy, Koi, Black Moor and Other Types), Fin Type, Colour, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Goldfish Market is accounted for $725.8 million in 2024 and is expected to reach $1132.8 million by 2030 growing at a CAGR of 7.7% during the forecast period. A goldfish is a small, ornamental freshwater fish commonly kept as a pet. Known for its bright orange color, it belongs to the family Cyprinidae and is one of the most popular aquarium fish worldwide. Goldfish are hardy, low-maintenance creatures that thrive in a variety of water conditions, though they require a clean and spacious tank for optimal health. They are social animals, often interacting with their surroundings, and can live for several years with proper care.
Market Dynamics:
Driver:
Growing interest in ornamental fishkeeping
The growing interest in ornamental fishkeeping has significantly boosted the market. As people increasingly seek low-maintenance pets, goldfish have become a popular choice for home aquariums. Their vibrant colors, variety of breeds, and relatively easy care have attracted both beginners and experienced hobbyists. The trend is further fueled by advancements in aquarium technology, social media influence, and a rising focus on indoor aesthetics, making goldfish a sought-after addition to modern living spaces.
Restraint:
Space limitations
Space limitations in the market can have several negative effects on both fish welfare and hobbyist satisfaction. Inadequate tank sizes often lead to overcrowding, which can cause poor water quality, stress, and stunted growth in goldfish. These conditions compromise the fish's health, leading to shorter lifespans and increased susceptibility to diseases. Additionally, it can result in a frustrating experience for owners who struggle to maintain proper care in limited spaces.
Opportunity:
Innovation in breeding techniques
Innovation in breeding techniques has significantly advanced the market, leading to a wider variety of colors, patterns, and body types. Selective breeding, genetic improvements, and advancements in aquaculture have enabled the creation of unique goldfish strains, such as the long-tailed or pearlscale varieties. These innovations cater to the growing demand for diverse ornamental fish, offering hobbyists an expanded selection while maintaining health and vitality, ensuring goldfish are more accessible and desirable than ever.
Threat:
Regulatory constraints
Regulatory constraints in the market can hinder innovation and accessibility for both breeders and hobbyists. Strict import/export regulations, zoning laws, and restrictions on certain goldfish breeds limit the availability of diverse strains and reduce consumer choice. These regulations can increase costs, making goldfish less affordable, and complicate breeding efforts. Additionally, over-regulation may stifle industry growth, reducing opportunities for small businesses and enthusiasts to enter the market.
Covid-19 Impact:
The COVID-19 pandemic had a significant impact on the goldfish market, causing both challenges and shifts in demand. With lockdowns and restricted movement, many pet stores faced supply chain disruptions, limiting the availability of goldfish and aquarium supplies. However, the rise in home-based hobbies during the pandemic led to increased interest in ornamental fishkeeping, including goldfish, as people sought new ways to relax and enhance their living spaces during isolation.
The home aquariums segment is projected to be the largest during the forecast period
The home aquariums segment is projected to account for the largest market share during the projection period as they are one of the most popular settings for goldfish. With their vibrant colors and calm demeanor, goldfish enhance the aesthetic appeal of living spaces. Advances in aquarium technology, such as self-cleaning tanks and compact designs, have made it easier for consumers to maintain these aquatic pets. As interest in home-based hobbies grows, goldfish remain a top choice for home aquarium enthusiasts.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is expected to have the highest CAGR during the extrapolated period. Many homeowners and apartment dwellers seek goldfish as easy-to-care-for pets that fit well into small spaces, enhancing home décor. As urban living spaces become smaller, there’s a growing trend for compact, aesthetically designed aquariums. Goldfish are especially popular in residential settings due to their calming presence, vibrant colors, and relatively low maintenance compared to other pets.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period. As a popular choice for home aquariums, goldfish are favored for their low-maintenance care and vibrant colours. The market benefits from a large, diverse consumer base, ranging from beginner hobbyists to experienced aquarists. Additionally, the rise in home décor trends and a focus on indoor relaxation have further boosted demand for goldfish and aquarium products in the region.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period driven by cultural significance, robust demand, and established breeding practices. The region benefits from strong infrastructure, including specialized breeding facilities and extensive distribution networks. Ongoing innovations in breeding techniques are leading to the introduction of new goldfish varieties, catering to evolving consumer preferences and enhancing market appeal.
Key players in the market
Some of the key players in Goldfish market include Captive Bred, Florida Tropical Fish Direct, Arkansas Farm Bureau, BioAquatix, Guangzhou ZhengDa Aquaculture, Blackwater Creek Koi Farms, Blue Ridge Fish Hatchery, Pool Fisheries, Hazorea Aquatics, Imperial Tropicals, Shanghua Yichong, Oasis Fish Farm, Shanghai Wanjin Ornamental Fish Farm.and The Campbell Soup Co.
Key Developments:
In September 2024, The Campbell Soup Co. has launched a new production line for its Goldfish snack crackers at its manufacturing plant in Richmond, Utah. The bakery’s Goldfish output is slated to increase 50% with the new line, producing more than 5 million of the crackers hourly and 1,500 per second, according to Campbell Soup.
Types Covered:
• Common
• Fancy
• Koi
• Black Moor
• Other Types
Fin Types Covered:
• Single Tail
• Double Tail
• Fantail
• Veiltail
Colours Covered:
• Red Goldfish
• Black Goldfish
• White Goldfish
• Mixed Color Goldfish
Distribution Channels Covered:
• Pet Stores
• Online Marketplaces
• Private Sellers
• Aquarium
Applications Covered:
• Home Aquariums
• Outdoor Ponds
• Decoration
• Scientific Use
• Other Applications
End Users Covered:
• Research and Scientific Institutions
• Residential
• Educational Institutions
• Commercial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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 2022, 2023, 2024, 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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 Application Analysis
3.7 End User 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 Goldfish Market, By Type
5.1 Introduction
5.2 Common
5.3 Fancy
5.4 Koi
5.5 Black Moor
5.6 Other Types
6 Global Goldfish Market, By Fin Type
6.1 Introduction
6.2 Single Tail
6.3 Double Tail
6.4 Fantail
6.5 Veiltail
7 Global Goldfish Market, By Colour
7.1 Introduction
7.2 Red Goldfish
7.3 Black Goldfish
7.4 White Goldfish
7.5 Mixed Color Goldfish
8 Global Goldfish Market, By Distribution Channel
8.1 Introduction
8.2 Pet Stores
8.3 Online Marketplaces
8.4 Private Sellers
8.5 Aquarium
9 Global Goldfish Market, By Application
9.1 Introduction
9.2 Home Aquariums
9.3 Outdoor Ponds
9.4 Decoration
9.5 Scientific Use
9.6 Other Applications
10 Global Goldfish Market, By End User
10.1 Introduction
10.2 Research and Scientific Institutions
10.3 Residential
10.4 Educational Institutions
10.5 Commercial
10.6 Other End Users
11 Global Goldfish Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Captive Bred
13.2 Florida Tropical Fish Direct
13.3 Arkansas Farm Bureau
13.4 BioAquatix
13.5 Guangzhou ZhengDa Aquaculture
13.6 Blackwater Creek Koi Farms
13.7 Blue Ridge Fish Hatchery
13.8 Pool Fisheries
13.9 Hazorea Aquatics
13.10 Imperial Tropicals
13.11 Shanghua Yichong
13.12 Oasis Fish Farm
13.13 Shanghai Wanjin Ornamental Fish Farm
13.14 The Campbell Soup Co.
List of Tables
1 Global Goldfish Market Outlook, By Region (2022-2030) ($MN)
2 Global Goldfish Market Outlook, By Type (2022-2030) ($MN)
3 Global Goldfish Market Outlook, By Common (2022-2030) ($MN)
4 Global Goldfish Market Outlook, By Fancy (2022-2030) ($MN)
5 Global Goldfish Market Outlook, By Koi (2022-2030) ($MN)
6 Global Goldfish Market Outlook, By Black Moor (2022-2030) ($MN)
7 Global Goldfish Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Goldfish Market Outlook, By Fin Type (2022-2030) ($MN)
9 Global Goldfish Market Outlook, By Single Tail (2022-2030) ($MN)
10 Global Goldfish Market Outlook, By Double Tail (2022-2030) ($MN)
11 Global Goldfish Market Outlook, By Fantail (2022-2030) ($MN)
12 Global Goldfish Market Outlook, By Veiltail (2022-2030) ($MN)
13 Global Goldfish Market Outlook, By Colour (2022-2030) ($MN)
14 Global Goldfish Market Outlook, By Red Goldfish (2022-2030) ($MN)
15 Global Goldfish Market Outlook, By Black Goldfish (2022-2030) ($MN)
16 Global Goldfish Market Outlook, By White Goldfish (2022-2030) ($MN)
17 Global Goldfish Market Outlook, By Mixed Color Goldfish (2022-2030) ($MN)
18 Global Goldfish Market Outlook, By Distribution Channel (2022-2030) ($MN)
19 Global Goldfish Market Outlook, By Pet Stores (2022-2030) ($MN)
20 Global Goldfish Market Outlook, By Online Marketplaces (2022-2030) ($MN)
21 Global Goldfish Market Outlook, By Private Sellers (2022-2030) ($MN)
22 Global Goldfish Market Outlook, By Aquarium (2022-2030) ($MN)
23 Global Goldfish Market Outlook, By Application (2022-2030) ($MN)
24 Global Goldfish Market Outlook, By Home Aquariums (2022-2030) ($MN)
25 Global Goldfish Market Outlook, By Outdoor Ponds (2022-2030) ($MN)
26 Global Goldfish Market Outlook, By Decoration (2022-2030) ($MN)
27 Global Goldfish Market Outlook, By Scientific Use (2022-2030) ($MN)
28 Global Goldfish Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global Goldfish Market Outlook, By End User (2022-2030) ($MN)
30 Global Goldfish Market Outlook, By Research and Scientific Institutions (2022-2030) ($MN)
31 Global Goldfish Market Outlook, By Residential (2022-2030) ($MN)
32 Global Goldfish Market Outlook, By Educational Institutions (2022-2030) ($MN)
33 Global Goldfish Market Outlook, By Commercial (2022-2030) ($MN)
34 Global Goldfish Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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