Ornamental Fish Feed Market Business Segmentation By Revenue And Structure Forecast 2027

 


Ornamental fish are usually colorful fish, which are kept in confined space of an aquarium as pets. Invertebrates and mollusks are some of the ornamental fish species. Ornamental Fish Feed is an animal or a plant material intended for consumption of ornamental fish. This feed has specific ingredients such as vegetable proteins, fishmeal and wheat as a binding agent. Increasing number of consumers are inclined towards keeping fishes as pets and this factor has to led to growth in ornamental fish production, in turn positively impacting growth of ornamental fish feed market.


Based on Type, the Global Ornamental Fish Feed Market has been divided into the processed feed and live feed. In 2019, the processed feed segment dominated the market. The processed feed is an integral part of modern commercial aquaculture. It provides balanced nutrition required by ornamental fish. The ingredients included in the processed feed are water, proteins, lipids, carbohydrates, and vitamins & minerals. Moreover, pigments are majorly used in processed feed to enhance their flesh and skin coloration, respectively. The processed feed is available in the market in dry form. Flakes, crisps, granules, and pellets are the popular processed feeds among the pet owners of ornamental fish.


According to Ministry of Food Agriculture and Livestock, in Turkey, the ornamental fish production was 474.48 tons in 2015 and increased to 625.13 tons in 2016. In addition to this, growing presence of pet stores and online stores are also acting as a major growth factor in the market. For instance, in India, several online pet stores such as Dogspot.com and Petsworld.in houses different brands of fish feed such as Sera, Drools and Tetra among others.


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