By 2028, the scale of the coral reef aquarium market will reach US$11 billion | CAGR: 10.7%: Grand View Research, Inc. – QNT Press Release

[ad_1]

San Francisco, December 7, 2021 /PRNewswire/ – Global Coral Reef Aquarium Market Estimated size achieve 11.206 billion US dollars According to a new report from Grand View Research, Inc., by 2028, the compound annual growth rate will reach 10.7%. The continuous development of aquariums with advanced designs is supporting market growth as people seek to emphasize the characteristics of the display in the room. Planting tanks and landscaping are the most popular and most conducive development trends for market growth.

The main insights and findings of the report:

  • The natural products segment is expected to achieve the fastest compound annual growth rate during the forecast year; however, by 2028, the component segment will account for the largest revenue share
  • Due to the increasing number of visitors to the zoo, the end-use segment of the zoo and aquarium is expected to achieve the fastest growth during the forecast period
  • Home end users accounted for the largest share of global income in 2020
  • The increasing popularity of fish as pets in households will drive the household end-use market segment during the forecast period
  • Europe Due to the rising adoption rate of aquariums and ornamental fish, it will dominate the global market in 2020 with the highest revenue share
  • The global market is fragmented in nature, with a large number of global and a few regional players.

Read the 87-page market research report, “Coral reef aquarium market size, sharing and trend analysis report, by product (ingredients, natural), by end use (household, zoo and aquarium), by region (Europe, Asia-Pacific), and market segment forecasts from 2021 to 2028“, courtesy of Grand View Research

People are becoming more aware of the health benefits of owning an aquarium, such as…

The full story can be found on Benzinga.com

[ad_2]

Source link

Recommended For You

About the Author: News Center