August 16, 2022 11:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, Aug. 16, 2022 (GLOBE NEWSWIRE) -- As per a recent market research report by Future Market Insights (FMI), the global aquarium water treatment market is poised to reach a valuation of ~US$ 7,320.0 Mn in 2022. Sales are projected to increase at ~4.0% CAGR and the market size is anticipated to reach US$ 10,835.3 Mn by 2032.
Aquarium fish are popular as pets due to their vividly colored, glossy scales and ease of care. Millions of homes worldwide keep aquarium fish as pets. Fish, like other animals, may have infections that can cause illnesses in humans. These bacteria have the ability to contaminate fish-infested water.
Although fish and aquarium water can transmit infections, illness caused by fish farming is uncommon. People are less likely to develop illnesses from touching, feeding, or owning aquarium fish if they take care of their fish tank on a regular basis, such as by utilizing aquarium water treatment solutions. It is set to push the global aquarium water treatment market in the next decade.
Moreover, consumers are increasingly using e-commerce platforms to buy pet care supplies such as aquarium water treatment products since they provide a large choice of products at exceptional discounts and rates.
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Furthermore, e-commerce websites assist in the creation of personalized items that would meet unique needs of the client, even if the product is not accessible in brick-and-mortal stores. Leading e-commerce platforms such as Alibaba, Amazon, and eBay, provide a diverse choice of fish tank care items across the globe.
Key Takeaways: Aquarium Water Treatment Market
“Surging demand for ornamental fish is a vital factor that would drive the global aquarium water treatment market in the upcoming decade. Besides, increasing humanization of pets is anticipated to aid growth,” says a FMI analyst.
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Aquarium Water Treatment Market Outlook By Category
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Competitive Landscape: Aquarium Water Treatment Market
Key players operating in the global aquarium water treatment market are Tetra, Waterlife, Marukan, EHEIM, Siemens, Clear-Seal, Aqua Design Amano, Den Marketing, Resun, API, Aquaeon, GloFish, and Penn-Plax among others.
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3.5. PESTLE and Porter’s Analysis
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