Global Koi Market Insights Forecasts to 2033

• The Global Koi Market Size was Valued at USD 2.32 Billion in 2023
• The Market Size is Growing at a CAGR of 11.64% from 2023 to 2033
• The Worldwide Koi Market Size is Expected to Reach USD 6.98 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Koi Market Size is Anticipated to Exceed USD 6.98 Billion by 2033, Growing at a CAGR of 11.64% from 2023 to 2033.  

Market Overview

Fish of the Amur Carp species, colorful freshwater fish found in rivers, ponds, and marshes across Japan are known as koi. Omega-3, which helps prevent mental health issues, is abundantly rich in koi. Koi fish, due to its high protein content, helps in cell regeneration in the body. These fish are commonly kept in garden water features or outdoor ponds as ornamental fish. Koi is renowned for having strong bodies and exhibiting a variety of hues, such as white, black, red, yellow, and blue. Business opportunities to offer koi-therapy services are being created by the growing recognition of the therapeutic benefits of koi-fish interaction. The growth of the koi market is anticipated to be driven by the expansion of the aquaculture industry. The primary driver of market expansion is the expanding adoption of aquaculture practices, which involve the breeding, rearing, and harvesting of ornamental fish like koi.      

Report Coverage

This research report categorizes the koi market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the koi market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the koi market.

Driving Factors

The growing need for foods high in protein is anticipated to drive the koi market's growth. The Koi market is expanding due to customers' increasing demand for high-protein diets, the appeal of Koi as ornamental fish, and their potential as aquaculture protein sources. The growing popularity of several eye-catching varieties is anticipated to drive the koi market's expansion. Growing demand is being driven by the attractiveness of several koi varieties, which are distinguished by their vibrant colors and unique patterns. Recombinant technology helps breeders to choose particular qualities. These advancements have improved the koi's visual attractiveness, which is boosting the growth of the koi market.      

Restraining Factors

The deterrent for many prospective customers can be the cost of acquiring premium koi fish. Exquisite and uncommon indications can fetch high prices, making them accessible only to wealthy enthusiasts and collectors. This exclusiveness can restrict the growth in the koi market.

Market Segmentation

The koi market share is classified into type and application.  

• The kohaku segment is estimated to hold the largest market revenue share through the projected period.  

Based on the type, the koi market is classified into kohaku, taisho sanke, showa sanke, and others. Among these, the kohaku segment is estimated to hold the largest market revenue share through the projected period. A popular fish in the koi market is kohaku. The most well-known and sought-after koi variation is called kohaku, and it can be identified by its eye-catching red and white pattern.   

• The retail segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the koi market is divided into commercial and retail. Among these, the retail segment is anticipated to hold the largest market share through the forecast period. The desire of customers to own koi as decorative pets is the main driver of the retail market. The retail market serves a wide range of customers, from seasoned enthusiasts to first-time purchases.

Regional Segment Analysis of the Koi Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the koi market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the koi market over the predicted timeframe. Asia Pacific region koi have strong origins in Asian culture, particularly in Japan, China, and Korea. The region's great demand for koi is driven by this love of culture. Growing disposable incomes in nations like China and Japan allow more people to buy premium koi, which drives market growth. A few countries in the Asia-Pacific region, especially China, support the aquaculture sector by offering incentives and subsidies for koi rearing. This assistance promotes market expansion.   

North America is expected to grow at the fastest CAGR growth of the koi market during the forecast period. The growing trend of home aquariums and swimming pools in North America is driving the popularity of koi as ornamental fish. An expanding group of koi hobbyists supports this. Koi is growing increasingly popular in North America due to the influence of culture and aesthetics, as many customers want to include these stunning fish in their landscapes and gardens.    

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the koi market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In May 2023, Dainichi Koi Farm announced the launch of a new online sales platform that facilitates the purchasing of their premium koi by clients worldwide. With this project, they hope to reach a wider audience and meet the increasing need for easy-to-shop locations.   

• In January 2023, to increase production capacity, Jiahe Tianyuan launched the expansion of its koi breeding facilities. The goal of this project is to satisfy the rising demand, both domestically and internationally, for premium koi fish.   

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