According to a research report published by Spherical Insights & Consulting, the Global Koi Market Size Expected to Grow from USD 2.32 Billion in 2023 to USD 6.98 Billion by 2033, at a CAGR of 11.64% during the forecast period 2023-2033.

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Koi are the rivers, ponds, and native colorful freshwater fishes that belong to the Amur Carp species and rest in Japan. Koi abundantly contains omega-3, which prevents mental health issues. Koi fish is helpful in cell regeneration in the body as it fulfills the protein needs of the body. These fishes are commonly placed in garden water features or ponds outdoors for ornamental use. Emerging recognition of the therapeutic benefits of koi-fish interaction has been creating business opportunities for offering koi-therapy services. The primary reason driving the expansion of the market is the expanding adoption of aquaculture practices, breeding, rearing, and harvesting for ornamental fish such as koi. Increased demand for high-protein diets is one factor propelling the koi market; ornamental koi fish in various aquascapes are being used by customers increasingly as part of their home decoration, and they can also be regarded as a potential protein source from aquaculture. The koi market is expected to expand on account of the ever-increasing popularity of many eye-dazzling varieties. Several koi varieties are now being sought as a result of rising demand; these are colors and patterns that are beautiful and strong in quality. Recombinant technology helps breeders choose specific qualities. Improvements in the koi’s visual attractiveness further fuel the growth of the koi market. However, the expense involved in procuring premium koi fish is often a deterrent for many prospective clients. Exquisite and rare indications can demand a hefty sum in prices, making them available only to affluent enthusiasts and collectors. Such exclusivity can potentially limit the market growth of koi.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Koi Market Size, Share, and COVID-19 Impact Analysis, By Type (Kohaku, Taisho Sanke, Showa Sanke, and Others), By Application (Commercial and Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The Kohaku segment is estimated to hold the largest market share through the projected period.

 Based on the type, the koi market is classified into kohaku, taisho sanke, showa sanke, and others. Among these, the Kohaku segment is estimated to hold the largest market share through the projected period. The growth is driven due to one species of koi that is now very much in demand; kohaku is by far the most popular and probably the most famous koi variant. The most common eye-catching pattern on this carp is the contrasting red and white.   

The retail segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the koi market is divided into commercial and retail. Among these, the retail segment is anticipated to hold the largest market share through the forecast period. The segmental growth is due to the retail marketplace being driven by the consumer desire to own koi as ornamental pets. This market caters to a plethora of consumers from highly experienced enthusiasts to the novices making their very first purchase.

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Asia Pacific is projected to hold the largest share of the global koi market over the forecast period.

Asia Pacific is projected to hold the largest share of the global koi market over the forecast period. The Asia Pacific region is one in which koi have histories rooted strongly within Asian people and cultures. This demand in the region for koi stems greatly from the culture in which the countries have come to be known. Growing disposable incomes enable more and more people in countries like China and Japan to purchase more expensive koi, driving demand growth across the market. Some countries in this Asia Pacific region subsidize and provide line of credit facilities as incentives to the aquaculture industry, especially koi rearing. An example of such would be China’s prominence in the provision of support. This will help promote even market expansion.

North America is expected to grow at the fastest CAGR of the global koi market during the forecast period. For ornamental purposes, most North Americans are turning their homes into aquariums or swimming pools, thus increasing the popularity of koi. A growing group of koi hobbyists keeps koi growing in popularity across North America. Culture and aesthetics are playing a great role in the increase of koi, as more and more customers are looking to add these fantastic fishes to their landscapes and gardens.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the koi market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global koi market are Liuji, Jiahe Tianyuan, Wanjin, 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, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In May 2023, Dainichi Koi Farm kickstarted a fresh online selling platform where koi lovers from all over the world can easily purchase their prized koi. Through this initiative, they plan to reach more customers and fulfill the growing demand for easily accessible shopping outlets among koi fans.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global koi market based on the below-mentioned segments:

Global Koi Market, By Type

• Kohaku
• Taisho Sanke
• Showa Sanke
• Others

Global Koi Market, By Application

• Commercial
• Retail

Global Koi Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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