Global Koi Market Size To Worth USD 6.98 Billion by 2033 | CAGR of 11.64%
Category: Food & BeveragesGlobal Koi Market Size To Worth USD 6.98 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Koi Market Size is Expected to Grow from USD 2.32 Billion in 2023 to USD 6.98 Billion by 2033, at a CAGR of 11.64% during the forecast period 2023-2033.
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Browse key industry insights spread across 189 pages with 115 Market data tables and figures & charts from the report on the "Global Koi Market Size, Share, and COVID-19 Impact Analysis, By Type (Kohaku, Taisho Sanke, Showa Sanke, and Others), By Application (Commercial and Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/koi-market
Koi fish eat a variety of foods, including small aquatic creatures and plant debris. Their appetite is insatiable, and they eat frozen or live worms, prawns, and insects in addition to commercial koi pellets. Their growth, general health, and brilliant coloring all depend on getting the right nourishment. Outside of Japan, koi fish have become more and more popular, leading fans and breeders to create koi farms and communities across the globe. The expanding use of koi fish as ornamental fish in ponds and aquariums, together with the prevalence of high discretionary money, are all factors driving up demand for koi fish. The market for koi fish is expanding significantly as a result of growing demand from enthusiasts for ornamental fish. The advancements enable companies to provide more specialized services and solutions, which in turn drives the expansion of the koi market. Due to this shared cultural heritage, there is a constant demand for koi fish, which drives the market's expansion. However, the fish's immune system might be further weakened by stressors such as temperature swings, poor handling, or stressful transit, leaving them vulnerable to diseases. As a result, the market for koi can be hindered by a drop in demand due to infection and stress risks.
The kohaku segment is predicted to hold the greatest market share through the forecast period.
Based on the type, the koi market is classified into kohaku, taisho sanke, showa sanke, and others. Among these, the kohaku segment is predicted to hold the greatest market share through the forecast period. The oldest variety of koi fish, kohaku is known for its red and white patterns that set it apart from other fish. Due to its greater cultural and traditional value, the kohaku portion of the market was dominant.
The retail segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the koi market is divided into commercial and retail. Among these, the retail segment is anticipated to hold the greatest market share during the projected timeframe. Families and individuals have been drawn to the retail segment by the unique qualities and beauty of koi fish, which are used in backyard ponds and aquariums.
Asia Pacific is estimated to hold the largest share of the koi market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the koi market over the forecast period. This is due to the region's long history of koi farming and breeding Japan, China, and Taiwan are the world's top producers of koi fish the Asia Pacific region led the koi market and had the greatest market. Additionally, there is a sizable and expanding middle class in the region that has extra cash to spend on koi fish.
North America is predicted to have the highest CAGR growth in the koi market over the forecast period. Since home aquariums and ponds are becoming more and more popular, the koi market in North America has experienced substantial expansion. The proliferation of e-commerce platforms has facilitated the acquisition of koi fish and associated merchandise by consumers, hence augmenting the market expansion within the region.
Major key players in the koi market include Liuji, Jiahe Tianyuan, Wanjin, Chongqing Shanghua, Guangzhou Zhengda Aquatic, Marusei Koi Farm, Dainichi Koi Farm, Sakai Fish Farm, Ogata Koi Farm, Isa Koi Farm, Matsue Koi Farm, Omosako Koi Far, Konishi Koi Farm, Hiroi Koi Farm, and Others.
Recent Development
- In January 2023, to improve output capacity, Jiahe Tianyuan announced that its koi breeding facilities expanded. In particular, the domestic and foreign markets are seeing an increase in demand for premium koi fish, which is the goal of this endeavor.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the koi market based on the below-mentioned segments:
Global Koi Market, By Type
- Kohaku
- Taisho Sanke
- Showa Sanke
- Others
Global Koi Market, By Application
- Commercial
- Retail
Global Koi Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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