Commercial Aquarium Market Grows: 8.02% CAGR

Evolve Business Intelligence has published a research report on the Global Commercial Aquarium Market, 2021–2034. The Global Commercial Aquarium market is projected to exhibit a CAGR of around 8.02%during the forecast period of 2021 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the Global Commercial Aquarium Market: Manila Ocean Park, Ocean Adventure, Cube Oceanarium, Times City Vinpearl Aquarium, Bao Son Aquarium, Churaumi Aquarium, E.A. Aquarium, SEA LIFE Bangkok Ocean World, SEA Aquarium, GEORGIA AQUARIUM.

Market Highlights

The Global Commercial Aquarium Market size accounted for USD 8.32 Billion in 2023 and is estimated to account for 9.45 Billion in 2024. The Market is expected to reach USD 16.25 Billion by 2034 growing at a compound annual growth rate (CAGR) of 8.02% from 2024 to 2034. The global Commercial Aquarium market was valued at $293.4 million in 2020 and is anticipated to grow at a CAGR of 9.92% from 2021 to 2028. A commercial aquarium is a type of aquarium that is constructed to make a profit. The fish and other aquatic animals within this form of aquatic entertainment must be bred to provide constant income. This kind of business is particularly common in countries where the local marine life has been depleted from overfishing or pollution but may also exist simply because they are popular tourist attractions. The market includes sales, accessories, fish supply, equipment supply, maintenance services, and design solutions.

Segmental Analysis

The global Global Commercial Aquarium market has been segmented based on Type, Application

Based on Type, the market is segmented based on Inland, Ocean, Comprehensive. Ocean segment dominates, as it offers a more immersive and expansive experience by showcasing marine life from oceanic ecosystems, attracting a larger number of visitors.

Based on Applications, the market has been divided into the Male, Female, Kids. Kids segment dominates, driven by the demand for educational and recreational activities, as aquariums serve as popular attractions for school trips and family outings.

Regional Analysis

The Global Commercial Aquarium market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. North America, the largest and the most developed aquarium market in the world, holds the largest shares of the global commercial aquarium market in terms of volume and revenue due to the growing demand and high affordability and availability of the advanced and superior quality marine and freshwater fish and aquarium products and services. The marine and freshwater aquarium product manufacturers and suppliers in Canada, the U.S., and Mexico offer high-quality and advanced aquarium products and services such as aquarium fish for commercial and home aquariums, installed aquariums, and aquarium equipment such as air pumps and filters for home and commercial aquariums. The Asia-Pacific region has indeed emerged as the fastest-growing market for the Global Commercial Aquarium industry. Because of the region’s rapid urbanization, rising disposable income, and expanding interest in tourism and leisure activities, the Asia-Pacific area has tremendous potential in the global commercial aquarium market. Major contributors include China, Japan, and Singapore, whose entertainment centers and tourist attractions incorporate expansive aquariums. Furthermore, the area’s emphasis on marine education and conservation supports the expansion of commercial aquariums by drawing tourists from both domestic and foreign locations.