Worldwide Ornamental Fish Industry to 2025 - Featuring Sunbean Aquarium, Sanyo Aquarium and AlgaeBarn Among Others - PRNewswire
Worldwide Ornamental Fish Industry to 2025 - Featuring Sunbean Aquarium, Sanyo Aquarium and AlgaeBarn Among Others - PRNewswire |
| Posted: 24 Feb 2021 08:45 AM PST DUBLIN, Feb. 24, 2021 /PRNewswire/ -- The "Global Ornamental Fish Market, By Type (Tropical Fresh Water, Temperate Fresh Water, Marine Ornamentals), By Application (Residential, Commercial), By Point of Sale (Dedicated Stores, Multi-Specialty Stores, Others), By Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering. The Global Ornamental Fish Market was valued USD 6,800 Million in 2019 and is forecast to reach USD 11,336.47 Million by 2025, growing at a CAGR of over 10% through 2025. Anticipated growth in the market can be attributed to changing lifestyle and growing preference of millennials in keeping aquarium as home decor item. With increasing disposable income, consumers are willing to spend on colorful attractive fishes to be kept in their home aquarium. Further, various scientific studies reveal that the use of ornamental fishes in household aquariums provides psychological advantages to the house members and hence the market is witnessing an increasing demand for ornamental fishes. Aquariums are also said to help in reducing stress and provide calm effect on the members of the house. The inclination towards luxury lifestyle is also aiding the growth of ornamental fish market. The consumers are preferring buying colorful species of these ornamental fishes as their pet. Also, increasing prohibitions on keeping pets such as dogs and cats in high rise apartments is expected to fuel the demand for ornamental fishes in the coming years. The introduction and breeding of exotic species and growing interest in fish keeping are also some other driving factors for ornamental fishes' market growth. The Global Ornamental Fish Market is segmented based on type, application, point of sale and region. Based on type, the market is segmented into tropical fresh water, temperate fresh water and marine ornamentals. The tropical freshwater fish species dominated the global market in 2019 with share of 58.27% and the segment is expected to undergo the highest growth during the forecast period as they are easy to take care of and come in various attractive colors. Also, new beginner aquarium owners prefer to keep tropical freshwater fishes owing to its convenience. Based on application, the Global Ornamental Fish Market is segmented into residential and commercial. The residential segment currently dominates the global market as large number of urban populations prefer to keep pets in their home. However, the commercial segment is expected to undergo the highest growth by 2025 owing to the increasing adoption aquariums as attractive decoration item at hotels, restaurants and shopping malls and complexes. The major players operating in the Global Ornamental Fish Market are Aqua Nautic Specialist (ANS) Pte Ltd, Tropical Fish International Pte Ltd, Sunbean Aquarium Pte Ltd, Sanyo Aquarium (Pte) Ltd, Qian Hu Fish Farm Trading, AlgaeBarn LLC, BioAquatix.com, Imperial Tropicals, Inc., Oasis Fish Farm Co., and Sagar Fish Aquarium. The market is highly competitive with presence of both small and large companies. Leading companies are investing in ornamental fish farming to increase their market share and revenue. Objective of the Study:
Key Topics Covered: 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on Global Ornamental Fish Market 4. Executive Summary 5. Global Ornamental Fish Market Outlook 6. Asia-Pacific Ornamental Fish Market Outlook 7. Europe Ornamental Fish Market Outlook 8. North America Ornamental Fish Market Outlook 9. South America Ornamental Fish Market Outlook 10. Middle East and Africa Ornamental Fish Market Outlook 11. Market Dynamics 12. Market Trends & Developments 13. Competitive Landscape 14. Strategic Recommendations 15. About Us & Disclaimer For more information about this report visit https://www.researchandmarkets.com/r/h7fgfe Media Contact: Research and Markets For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1907 SOURCE Research and Markets  Related Linkshttp://www.researchandmarkets.com |
| Posted: 24 Feb 2021 06:31 AM PST  Fry's Electronics — at one time a go-to store for people looking to buy computers, cameras, cords and other electronic and technological accessories — is shutting down, according to a statement on its website. Reports of the potential closure began to surface late Tuesday night, followed by the company's Facebook account reportedly being deactivated and its Twitter account being made private. On Wednesday morning, the company confirmed those reports in a statement posted to its website. Fry's Electronics said it was closing due to "changes in the retail industry and the challenges posed by the Covid-19 pandemic" and that it would begin its wind-down on Wednesday, Feb. 24. "It is hoped that undertaking the wind-down through this orderly process will reduce costs, avoid additional liabilities, minimize the impact on our customers, vendors, landlords and associates, and maximize the value of the Company's assets for its creditors and other stakeholders." ABC15 reached out to Fry's Electronics late Tuesday, but has so far not received a response.
Fry's Electronics said it was in the process of contacting customers who have consignments or repairs waiting and its vendors "to help them understand what this will mean for them and the proposed next steps." The company was founded in 1985 in Sunnyvale, California as a "one-stop-shopping environment for the Hi-Tech Professional" in Silicon Valley, according to its website. In its 36 years, the electronics store expanded to at least 30 locations, including two in Phoenix and Tempe. Each of its stores were given a theme or a tribute. The Arizona store was designed after an Aztec Tempe while the Tempe location was given a golf theme, the website said. In California, its Burbank store was given a 1950s retro-space theme, while its San Marcos location was inspired by Atlantis and had aquariums and exotic fish. Speculation about the future of Fry's Electronics has long been discussed as some customers had expressed concerns about fewer items in stores and empty aisles. In 2019, a spokesperson told ABC15 that stores across the country were reorganizing their inventories in response to increased demand from people ordering online and having it shipped to their homes. "So, while not a full-blown remodel, customers may notice a re-positioning of product shelving and presentation. Shelving would be emptied and rearranged as needed for reorganizing," a company spokesperson said at the time. In the statement on Wednesday, Fry's said customers who have equipment being repaired should email them at customerservice@frys.com to discuss a pickup time. Those needing a repair under a "performance service contract" should call them at (800) 811-1745, the statement said. |
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