Koi Market Size By Type (KOHAKU, TAISHO SANKE), By Application (Commercial, Retail), By Geography Scope And Forecast

Koi Market Size And Forecast

Koi Market size is valued at USD 2,140.43 Million in the year 2021 and it is expected to reach USD 5,471.80 Million in 2030 at a CAGR of 11.95% over the forecast period of 2023 to 2030.

The aesthetic attractiveness of Koi fish, its historical and symbolic value, innovations in breeding methods, the growing popularity of ornamental fishkeeping, worldwide commerce and export, and rising disposable wealth in emerging nations all drive the Koi business. The Global Koi Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Koi Market Definition

Cyprinus rubrofuscus, commonly called koi, is a species of ornamental freshwater fish in the carp family. Koi are cultivated for their vivid colors, elaborate patterns, and graceful look, making them highly valued and desired by enthusiasts worldwide. Koi descended from common carp, have been deliberately cultivated for generations in Japan, where they have significant cultural and symbolic value. They are frequently connected with good fortune, wealth, and endurance. Koi are available in various colors, comprising red, yellow, orange, black, white, and hues in between. Their designs range from simple single-color scales to complex combinations of dots, patches, and stripes. Koi are highly adaptive and may survive in various aquatic situations. They are well-known for their toughness and ability to tolerate multiple water temperatures and conditions. They do best in well-kept ponds and tanks having clean water, enough swimming room, and suitable filtration systems to preserve water quality.

Koi are omnivores, which means they eat plants and tiny aquatic creatures. They have an insatiable appetite and will eat commercial Koi pellets and live or frozen items like insects, worms, and prawns. Proper nutrition is critical for their general health, growth, and color development. Koi have gained appeal outside of Japan, with fans and breeders worldwide building Koi farms and groups. Koi breeding and trade has evolved into a worldwide industry with specialized facilities, expert breeders, and vast networks linking Koi lovers. These initiatives continue to broaden the range of Koi types, pushing the frontiers of color and pattern combinations.

Global Koi Market Overview

Koi are well-known for their vivid colors, elaborate patterns, and elegant movements, making them popular as decorative fish. Their beauty and grace capture the attention of enthusiasts and collectors, creating market demand for Koi. Another driver is the Koi fish’s historical and symbolic value, especially in Japan. Koi are connected with good fortune, wealth, and persistence in Japanese society. They are frequently viewed as emblems of strength and triumph over adversity. The cultural importance of Koi fish has increased their appeal and need, not only in Japan but additionally in other regions of the globe where these customs and practices are practiced.

The expansion of the aquaculture sector has also played an essential role in propelling the Koi market. Advances in breeding methods, water quality supervisors, and nutrition have made high-quality Koi fish with improved attributes accessible. The opportunity to produce Koi with precise colors, patterns, and desirable features has enticed hobbyists and professional breeders, boosting industry growth. Furthermore, the growing popularity of aesthetic fishkeeping and the development of leisure activities have led to the popularity of Koi. Many people enjoy keeping attractive Koi fish in ponds or aquariums. Caring for and viewing these graceful species has become popular, fueling demand for Koi as a centerpiece in water gardens and private aquariums.

Global Koi commerce and export are also expanding in recent years. Koi farms and breeders in numerous nations have gained skill in breeding and raising high-quality Koi fish, allowing them to reach a broader client base. The growth of logistical connections and the ease of shipping have eased the worldwide commerce of Koi, allowing fans from many places to obtain a diverse selection of Koi types. One of the most significant restraints is the expensive expense of purchasing high-quality Koi fish. Beautiful and uncommon Koi specimens can be rather pricey, keeping them out of reach for some potential purchasers. The costly range may restrict the market to a small group of enthusiasts wanting and able to invest in these rare fish.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Koi market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Koi Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Koi Market Segmentation Analysis

The Global Koi Market is Segmented on the Basis of Type, Application, And Geography.

Koi Market, By Type

• KOHAKU
• TAISHO SANKE
• SHOWA SANKE
• Others

Based on Type, the market is segmented into KOHAKU, TAISHO SANKE, SHOWA SANKE, and Others. The Energy Management Software segment held a significant market share in the Koi market in 2021. The KOHAKU type is quite popular in the Koi industry. KOHAKU is a popular and sought-after Koi, distinguished by its striking red and white pattern. Its beauty and elegance have rendered it a favorite among Koi aficionados all over the globe. The respect for KOHAKU Koi’s traditional and classic look makes it a treasured element in Koi groups and ponds.

Koi Market, By Application

• Commercial
• Retail

Based on Application, the market is segmented into Commercial, Retail. The retail segment dominated the global Koi market with the highest market share in 2021. The appeal of keeping Koi as decorative pets drive retail demand to buy Koi fish in the marketplace. Many people, from enthusiasts to homeowners, use Koi fish to offer beauty and peace to their landscapes or interior settings. Retailers are essential in supplying this demand by stocking a wide range of Koi species, shapes, sizes, and color patterns. The retail sector caters to both seasoned Koi aficionados and newbies, making Koi fish available to a broad spectrum of clients.

Koi Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the global Koi market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region accounted for a significant global Koi market share in 2021. The Asia Pacific area has a substantial market need for Koi fish. Koi’s cultural importance in Japan, China, and Korea has increased demand for such ornamental fish. Koi are firmly embedded in Asian cultural traditions and aesthetics, which makes them highly appreciated and sought after. The Asia Pacific market provides a varied selection of Koi types, including native breeds and foreign specimens, to meet the preferences and interests of the region’s Koi aficionados.

Key Players

The “Global Koi Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Liuji, Jiahe Tianyuan, Wanjin, Haojin, 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, among others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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