GCC Ornamental Fish Market

Ornamental fish represent a crucial segment of the global economy. from the tropics to the temperate regions, ornamental fish stock is in high demand with increasing annual sales, both locally and globally. the gcc region has been at the forefront of the ornamental fish market in terms of total sales, stemming from the high pet population, gifting range, rich availability, and the growing trend of marine hobbyists. the tremendous growth of the middle class in the region, coupled with consumer spending power, enables the pet market to grow exponentially in the gcc. the growth of the pet market is further propelled by e-commerce platforms and availability of a wide range of ornamental fish available on retail outlets, which provide more convenience, choice, and quality assurance in product selection. in terms of investment sector, gcc countries have been aggressive when it comes to the ornamental fish industry. investments in aquaculture breeding facilities, laboratories, protection of bio-resources, and marketing developments play an essential role in the expansion of the industry. having a strong interest in ornamental fish, the uae stands as an emerging powerhouse in the industry. this is evident in the expansion of regional and international business opportunities in production, development, and trading of fish species. with the increasing acceptance of aquariums in households, societies, and even commercial settings, along with the environmental awareness and appreciation of the natural resources; the industry is only predicted to grow in a positive direction. ornamental fish breeders and traders have started, and more are likely to join, in catering to the growing demand.the gcc ornamental fish market is likely to witness a surge in growth in the next decade. governments, ngos, and trade agencies are likely to encourage the industry, whereas scientists and researchers are expected to contribute through their respective initiatives and projects.as the gcc is on the brink of technological breakthroughs, one can anticipate a riving e-commerce sector which will further facilitate the industry. hence, the outlook for the ornamental fish market in the gcc region is quite promising from 2018 until 2032.