Thailand Aquarium Fish Market (2023-2029) | COVID-19 IMPACT, Growth, Forecast, Share, Revenue, Analysis, Size, Companies, Value, Trends & Industry

Topics Covered in the Thailand Aquarium Fish Market

Thailand Aquarium Fish Market report thoroughly covers the market by type and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Aquarium Fish Market Synopsis

The aquarium fish market in Thailand has been a significant contributor to the country`s ornamental fish export industry. Thai aquarium fish, known for their vibrant colors and unique species diversity, have a strong presence in global markets. The country`s favorable climate and expertise in breeding and maintaining aquarium fish have made it a hub for enthusiasts and collectors worldwide. Thai exporters supply a wide range of tropical fish, including guppies, angelfish, and bettas, to countries around the world. As the demand for exotic aquarium fish continues to grow, Thailand remains a key player in this market.

According to 6Wresearch, the Thailand Aquarium Fish Market Size is projected to grow during the forecast period of 2023-2029. The aquarium fish market in Thailand is driven by its reputation as a global hub for the trade of ornamental fish. The country`s rich biodiversity and expertise in breeding and exporting rare and exotic species attract aquarium enthusiasts worldwide. The expansion of e-commerce platforms and a growing middle-class population with disposable income for pet-related expenses further stimulate the market. Strict regulations to ensure sustainable harvesting also enhance Thailand credibility in this market. However, the Thailand aquarium fish industry faces challenges linked to conservation and ethical concerns. Some species of aquarium fish are sourced from the wild, and overharvesting can threaten their populations. Ensuring responsible and sustainable collection practices is vital. Additionally, the market must address concerns about the welfare of fish during transportation and in captivity. Ethical concerns related to keeping exotic or endangered species as pets also require attention. Regulations and trade restrictions on certain species can impact market dynamics.

COVID-19 Impact on the Market

The COVID-19 pandemic had a mixed impact on the Thailand aquarium fish market growth. While there was an initial decrease in demand due to the closure of pet stores and reduced tourism, the market eventually rebounded as more people turned to aquarium hobbyists. Home-bound individuals sought companionship through pet fish, leading to increased sales of aquarium fish and related products. Online sales channels played a crucial role in facilitating this shift in consumer behavior.

Key Players in the Market

In the aquarium fish market, Exotic Aquarium Thailand and Thai Tanee are recognized as leaders. They specialize in breeding and exporting a wide variety of ornamental fish, catering to both domestic and international markets.

Government policies and schemes introduced in the Thailand Aquarium Fish Market

The Thai government has regulations in place to govern the export of aquarium fish. These regulations include licensing requirements, quotas, and adherence to international standards for the trade of live aquatic organisms. Thailand is a member of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). The government enforces CITES regulations to control the international trade of certain species of aquarium fish, especially those listed as endangered or protected. To prevent the spread of diseases among aquatic species, the government have measures in place to regulate the quarantine, health checks, and disease management practices for aquarium fish. The government also support educational programs and training for individuals involved in the aquarium fish industry to ensure best practices in breeding, handling, and trade. The government further support community-based aquaculture projects that involve local communities in the breeding and trade of aquarium fish, providing livelihood opportunities.

Market Analysis by Type

According to Swati, Senior Research Analyst, 6Wresearch, Freshwater fish are likely to be the fastest growing segment, driven by their popularity among hobbyists, ease of maintenance, and the wide variety of colorful freshwater species available.

Market Analysis by Application

In terms of Application, home aquarium segment is likely to dominate the Thailand Aquarium Fish Market Share fueled by the increasing interest in keeping aquariums as a hobby and a form of home decor.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Aquarium Fish Market Outlook
• Market Size of Thailand Aquarium Fish Market, 2022
• Forecast of Thailand Aquarium Fish Market, 2029
• Historical Data and Forecast of Thailand Aquarium Fish Revenues & Volume for the Period 2019 - 2029
• Thailand Aquarium Fish Market Trend Evolution
• Thailand Aquarium Fish Market Drivers and Challenges
• Thailand Aquarium Fish Price Trends
• Thailand Aquarium Fish Porter's Five Forces
• Thailand Aquarium Fish Industry Life Cycle
• Historical Data and Forecast of Thailand Aquarium Fish Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Aquarium Fish Market Revenues & Volume By Freshwater Fish for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Aquarium Fish Market Revenues & Volume By Saltwater Fish for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Aquarium Fish Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Aquarium Fish Market Revenues & Volume By Commercial Aquarium for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Aquarium Fish Market Revenues & Volume By Home Aquarium for the Period 2019 - 2029
• Thailand Aquarium Fish Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Thailand Aquarium Fish Top Companies Market Share
• Thailand Aquarium Fish Competitive Benchmarking By Technical and Operational Parameters
• Thailand Aquarium Fish Company Profiles
• Thailand Aquarium Fish Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Freshwater Fish
• Saltwater Fish

By Application

• Commercial Aquarium
• Home Aquarium

Frequently Asked Questions About the Market Study (FAQs):