According to IMARC Group's latest research report, titled "Aquarium Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," presents a comprehensive analysis of the industry, covering aquarium accessories market share, opportunity, overview, statistics size, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
The global aquarium accessories market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.0% during 2023-2028.
An aquarium refers to a tank utilized to house aquatic animals and plants, such as fish. It is manufactured using various materials, including acrylic, glass, and plastic. An aquarium involves the use of several accessories to enhance its appearance and functionality. These accessories offer a more aesthetically pleasing and natural environment for the aquatic plants and animals and aid in maintaining the health and well-being of the inhabitants. Aquarium accessories mainly comprise pumps, heaters, lighting, decorations, filters, substrate, test kits, and feeding and maintenance supplies. They preserve the quality of the water by removing toxins and impurities and providing oxygen to the occupants.
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The introduction of complements made from eco-friendly and recyclable materials by the leading players to reduce their environmental impact is among the primary factors driving the aquarium accessories market. Besides this, the growing popularity of tanks as a decorative feature to add aesthetic value to homes, offices, hospitals, restaurants, and hotels is further augmenting the market growth. Moreover, the rising awareness toward the benefits of keeping aquariums, such as reducing stress and improving mental health, is also catalyzing the global market. Apart from this, the inflating number of investments by the key manufacturers in new materials and technologies, including advanced plastics and silicone-based materials, to offer improved performance and durability are acting as significant growth-inducing factors. Additionally, the development of progressive pumps and filters that use ultraviolet (UV) sterilization methods to remove harmful substances from water is also stimulating the market growth. Furthermore, the integration of sensors and the internet of things (IoT) in these supplements that enable remote monitoring and control of the tanks is anticipated to propel the aquarium accessories market over the forecasted period.
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