The Koi Global Market Report 2023, provides comprehensive information on the koi market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Koi Global Market Report 2023, the market is expected to grow from $2.09 billion in 2022 to $2.33 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The koi market is expected to reach $3.53 billion in 2027 at a CAGR of 10.9%.
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The rising adoption of different types of attractive species is expected to propel the growth of the koi market going forward. Attractive species refers to a group of appealing creatures made up of similar individuals capable of interbreeding or gene exchange. Koi are ornamental fish that are raised primarily as pets because of their attractive color combinations. For instance, in March 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government administration, in Australia, wild-catch tuna volume increased to 9,216 tons in 2020-2021, compared to 8,691 tons reported between 2019-2020. Therefore, the rising adoption of different types of attractive species is driving the growth of the koi market.
The koi market is segmented:
1) By Type: Kohaku, Taisho Sanke, Showa Sanke, Other Types
2) By Size: Small, Medium, Large
3) By Distribution Channel: Online, Offline
4) By Application: Commercial, Retail, Residential
Asia-Pacific was the largest region in the koi market in 2022.
The table of contents in TBRC’s koi market report includes:
- Executive Summary
- Koi Market Characteristics
- Koi Market Trends And Strategies
- Koi Market – Macro Economic Scenario
- Global Koi Market Size and Growth
.
- Global Koi Market Competitive Benchmarking
- Global Koi Market Competitive Dashboard
- Key Mergers And Acquisitions In The Koi Market
- Koi Market Future Outlook and Potential Analysis
- Appendix
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