Global Koi Market Size By Type (KOHAKU, TAISHO SANKE), By Application (Commercial, Retail), By Geography Scope And Forecast
Report ID: 325058 | Published Date: Oct 2024 | No. of Pages: 202 | Base Year for Estimate: 2024 | Format:
Koi Market Size And Forecast
Koi Market was valued at approximately USD 1.2 Billion in 2024 and is anticipated to reach USD 1.8 Billion by 2031, growing at a CAGR of about 5.2% from 2024 to 2031.
- Koi are ornamental varieties of the common carp, scientifically known as Cyprinus carpio, that have been selectively bred for their vibrant colors and unique patterns.
- Koi originated in Japan, where they were initially raised for food but later cultivated for their aesthetic appeal, leading to the development of various color mutations over time.
- Koi are known for their robust bodies and can display a wide range of colors, including white, black, red, yellow, and blue. They are characterized by their forked tails and can grow quite large, often reaching lengths of up to 90 cm (approximately 36 inches).
- Koi have become popular Globally as ornamental fish, often kept in garden ponds and water features due to their beauty and adaptability to various aquatic environments.
Global Koi Market Dynamics
The key market dynamics that are shaping the global koi market include:
Key Drivers
- Expansion of the Aquaculture Sector: The increasing adoption of aquaculture practices, involving the breeding, growing, and gathering of ornamental fish like koi, is a primary driver of market growth. In Australia, the gross value of aquaculture production increased by 9% from 2020 to 2021, reaching USD 1.7 Billion and constituting 56% of all production.
- Rising Demand for Attractive Species: The appeal of different koi types, known for their vibrant colors and distinctive patterns, is driving market growth. Attractive species with visually appealing characteristics are increasingly sought after by enthusiasts.
- Cultural Significance and Historical Relevance: Koi have deep roots in Japanese culture, with a history dating back to the cultivation of black carp (Magoi) in rice paddies centuries ago. Their cultural significance and artistic appeal contribute to the growing demand for koi.
- Evolution of Koi Shows and Competitive Events: The rise of koi shows and competitive events, such as the prestigious All Japan Koi Show, has fueled interest in high-quality koi and driven market growth. Top-end show koi can fetch hundreds of thousands of dollars.
- Increasing Adoption Across Commercial, Retail, and Residential Applications: Koi are being increasingly utilized across diverse applications, including commercial, retail, and residential settings, further expanding the market.
Key Market Challenges:
- Vulnerability to Diseases: Koi fish are susceptible to a range of diseases, including bacterial, fungal, and parasitic infections. Poor water quality, temperature fluctuations, and stress can compromise their immune systems, leading to outbreaks that can significantly affect the population and market demand. For instance, common diseases like Koi Herpesvirus Disease (KHV) can devastate koi populations.
- High Costs of Quality Specimens: The expense associated with purchasing high-quality koi fish can be a barrier for many potential buyers. Beautiful and rare specimens often come with hefty price tags, limiting the market to affluent hobbyists and collectors. This exclusivity can restrict overall market growth.
- Market Saturation: As more breeders enter the koi market, particularly in regions with established aquaculture practices, there is a risk of market saturation. This can lead to increased competition and potentially lower prices for koi fish, impacting profitability for breeders.
- Consumer Education: There is a need for greater consumer education regarding koi care and maintenance. Misunderstandings about the requirements for keeping koi healthy can lead to high mortality rates among fish sold to inexperienced hobbyists, which may negatively affect overall demand.
Key Trends:
- Rising Popularity of Ornamental Fishkeeping: There is an increasing interest in ornamental fishkeeping, particularly among urban dwellers creating small koi ponds or water gardens. This trend is driven by the aesthetic appeal of koi and their therapeutic benefits, as many people find watching koi relaxing and stress-relieving .
- Diverse Species Demand: Attractive koi species, such as Kohaku and Showa Sanke, are gaining popularity. Kohaku remains the dominant variety due to its classic appeal, while Showa Sanke is noted as the fastest-growing category due to its striking color patterns .
- Technological Advancements in Breeding: Innovations in breeding techniques are enhancing the quality and variety of koi available in the market. This includes genetic selection for desirable traits, which attracts more collectors and hobbyists .
- Expansion of Online Sales: The growth of e-commerce platforms has made it easier for consumers to purchase koi fish and related products. This trend is expected to continue as more people turn to online shopping for convenience.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Download Sample
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=325058
Global Koi Market Regional Analysis
Here is a more detailed regional analysis of the global koi market:
Asia Pacific:
- Asia Pacific region accounted for a significant global Koi market share. Koi have deep roots in Asian culture, particularly in Japan, China, and Korea. They are revered for their symbolic meaning and are widely featured in art, architecture, and garden design. This cultural appreciation drives strong demand for koi in the region.
- Countries like Japan have centuries-old traditions of koi breeding, leading to the development of prized varieties. Japanese breeders are renowned for their expertise and focus on quality, contributing to the region’s dominance in the market.
- Increasing disposable incomes in countries like China and Japan enable more consumers to purchase high-quality koi, further fueling market growth.
- Some governments in Asia Pacific, such as China, provide subsidies and incentives to promote the aquaculture industry, including koi breeding. This support helps drive market growth.
North America:
- North America accounts for approximately 30% of the global koi market, making it a significant player after the Asia Pacific region, which holds the largest share.
- The popularity of koi as ornamental fish is increasing in North America, driven by a rising interest in home aquariums and outdoor ponds. This trend is supported by a growing community of koi enthusiasts and hobbyists.
- The influence of Japanese culture and aesthetics has contributed to the appreciation of koi in North America, with many consumers seeking to incorporate these beautiful fish into their gardens and landscapes.
- The rise of online sales channels has made it easier for consumers to purchase koi fish and related products, further driving market growth in the region.
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. KOHAKU is recognized as the most popular and sought-after koi variety, distinguished by its striking red and white pattern. Its aesthetic appeal and traditional significance contribute to its dominance in the market.
Koi Market, By Application
- Commercial
- Retail
Based on Application, the market is segmented into Commercial, Retail. The retail segment holds the highest market share in the global koi market, primarily driven by consumer interest in keeping koi as decorative pets. This segment caters to a wide range of customers, from seasoned enthusiasts to first-time buyers.
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. Koi have deep roots in Asian culture, particularly in Japan, China, and Korea. They are revered for their symbolic meaning and are widely featured in art, architecture, and garden design. This cultural appreciation drives strong demand for koi in the region.
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.
Koi Market Recent Developments
- In January 2023, Jiahe Tianyuan announced the expansion of its koi breeding facilities to enhance production capacity. This initiative aims to meet the growing demand for high-quality koi fish, particularly in domestic and international markets.
- In May 2023, Dainichi Koi Farm announced the launch of its new online sales platform, making it easier for customers worldwide to purchase their high-quality koi. This initiative aims to expand their reach and cater to the growing demand for convenient shopping experiences.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | 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. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
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
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
The Koi Market was valued at approximately USD 1.2 Billion in 2024 and is anticipated to reach USD 1.8 Billion by 2031, growing at a CAGR of about 5.2% from 2024 to 2031.
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 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.
The Global Koi Market is Segmented on the Basis of Type, Application, And Geography.
The sample report for the Koi Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
1 INTRODUCTION OF THE GLOBAL KOI MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Research Timelines
1.4 Assumptions
1.5 Limitations
2 EXECUTIVE SUMMARY
2.1 Ecology mapping
2.2 Market Attractiveness Analysis
2.3 Absolute Market Opportunity
2.4 Geographical Insights
2.5 Future Market Opportunities
2.6 Global Market Split
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Secondary Research
3.3 Primary Research
3.4 Subject Matter Expert Advice
3.5 Quality Check
3.6 Final Review
3.7 Data Triangulation
3.8 Bottom-Up Approach
3.9 Top-Down Approach
3.10 Research Flow
3.11 Data Sources
4 GLOBAL KOI MARKET OUTLOOK
4.1 Overview
4.2 Market Evolution
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porters Five Force Model
4.5 Value Chain Analysis
4.6 Pricing Analysis
5 GLOBAL KOI MARKET, BY TYPE
5.1 Overview
5.2 KOHAKU
5.3 TAISHO SANKE
5.4 SHOWA SANKE
5.5 Others
6 GLOBAL KOI MARKET, BY APPLICATION
6.1 Overview
6.2 Commercial
6.3 Retail
7 GLOBAL KOI MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Rest of Latin America
7.6 Middle East and Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 South Africa
7.6.4 Rest of Middle East and Africa
8 GLOBAL KOI MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
8.4 Company Industry Footprint
8.5 Company Regional Footprint
8.6 Ace Matrix
9 COMPANY PROFILES
9.1 Liuji
9.1.1 Overview
9.1.2 Company Insights
9.1.3 Business Breakdown
9.1.4 Product Outlook
9.1.5 Key Developments
9.1.6 Winning Imperatives
9.1.7 Current Focus and Strategies
9.1.8 Threat From Competition
9.1.9 Swot Analysis
9.2 Jiahe Tianyuan
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Wanjin
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Haojin
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Chongqing Shanghua
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Guangzhou Zhengda Aquatic
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Development
9.7 Marusei Koi Farm
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Development
9.8 Dainichi Koi Farm
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Development
9.9 Sakai Fish Farm
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Development
9.10 Ogata Koi Farm
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Development
9.11 Isa Koi Farm
9.11.1 Overview
9.11.2 Financial Performance
9.11.3 Product Outlook
9.11.4 Key Development
9.12 Matsue Koi Farm
9.12.1 Overview
9.12.2 Financial Performance
9.12.3 Product Outlook
9.12.4 Key Development
9.13 Omosako Koi Farm
9.13.1 Overview
9.13.2 Financial Performance
9.13.3 Product Outlook
9.13.4 Key Development
9.14 Hiroi Koi Farm
9.14.1 Overview
9.14.2 Financial Performance
9.14.3 Product Outlook
9.14.4 Key Development
9.15 Konishi Koi Farm
9.15.1 Overview
9.15.2 Financial Performance
9.15.3 Product Outlook
9.15.4 Key Development
10 Appendix
10.1.1 Related Reports
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
Download Sample Report