The U.S. is expected to emerge as one of the most lucrative markets for aquarium accessories due to high adoption of ornamental fish aquariums for decorative purposes. Easy Availability and Wide Variety Will Drive Sales of Aquarium Hydrometers Online
NEWARK, Del., Aug. 2, 2022 /PRNewswire/ -- As per a recent market analysis by Future Market Insights (FMI), the aquarium hydrometer market size is forecast to reach US$ 1.1 Mn in 2022. Sales are projected to increase at a 7% CAGR, with the market size reaching US$ 2.2 Mn by 2032
Fish are sensitive to temperature fluctuations in their environment, hence they should be bred in wild water species. The fish will be anxious and susceptible to parasite infection if the aquarium is too cold, and if the aquarium is too warm, the dissolved oxygen levels will rapidly drop, causing the fish to choke in the aquarium. As a result, a proper temperature control system and salt control must be installed. As a result, aquarium accessories are essential.
Due to the increasing fascination with the undersea world and its effect on the atmosphere in homes and other residential and commercial spaces, the worldwide aquarium accessories market has grown in popularity over the years. Aquariums have become a valuable encounter with nature for the younger generation, as well as a source of information about aquatic animals.
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In recent years, keeping fish has been a popular hobby among people all over the world, causing the worldwide aquarium accessories industry to grow at a rapid pace. A well-kept aquarium is one of the most attractive living ornaments that can be found in any home, hotel, restaurant, or another establishment.
"Rising trend of pet humanisation has propelled the interest in pet care and wellness, which is expected to drive sales of aquarium hydrometers for household aquariums. In addition to this, expansion in the pisciculture sector across emerging economies will fuel demand over the forecast period," says an FMI analyst.
- Based on sales channel, demand for aquarium hydrometers at online channels will remain high.
- In terms of product type, sales of swing arm hydrometers will continue gaining traction.
- The U.S. will dominate the North America aquarium hydrometer market over the forecast period.
- China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia aquarium hydrometer market.
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Leading companies in the aquarium hydrometer include
- Tropical Marine Centre Ltd.,
- PetSmart, Petco,
- Juwel Aquarium, and
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Future Market Insights, in its new offering, provides an unbiased analysis of the global Aquarium Hydrometer, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the Aquarium hydrometer based on by Product Type (Swing arm hydrometers, Floating hydrometers,), by Application (Saltwater aquarium, Freshwater aquarium) by End-use (Residential, Commercial) by Sales Channel (Hypermarkets/Supermarket, Specialty Stores, Multi-Brand Stores, Discount Stores, Salon/Grooming Clubs, Drug Stores & Pharmacies, Online Retailers, and Other Sales Channel), & region.
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Aquarium Hydrometer Market by Category
- Swing arm hydrometers,
- Floating hydrometers
- Seawater Aquarium
- Freshwater Aquarium
- Wholesale distributors
- Specialty Stores
- Aqua specialty Centre
- Aquarium shops
- Pet Care Shops
- Online Retailers
- Other Sales Channel
- North America
- Latin America
- East Asia
- South Asia
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