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The global market for aquarium accessories is primarily being driven by the increasing demand for ornamental fish among consumers and the aesthetic advantages of having an aquarium at home. Fish preservation and ornamental plant decoration and the decoration of other invertebrates among consumers are becoming more common, especially in hospitals and public spaces, as it helps alleviate stress. This is expected to provide a boost to the aquarium accessories industry.
In the aquarium accessories industry, the decorative products segment is expected to hold the largest share in the forecast period and will be driven primarily by the increasing popularity of aqua spaces among hobbyists. Aquarium accessories are re-created by the hobbyists based on different themes and include various plants, decorations, backgrounds, substrates, as well as other decorative elements in the tanks. These aquarium accessories are widely available on various distribution channels, both offline and online. E-commerce platforms, including Amazon (NASDAQ: AMZN) offers a wide range of aquarium accessories. This is anticipated to boost the sales, especially with the rapid expansion of online retail channels, and, thus, is expected to drive the market growth in the coming years.
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The major players in the global aquarium accessories market are Guangdong Boyu Group Co., Ltd., Spectrum Brands, Inc., Mars, Incorporated (API), and Rolf C. Hagen, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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