Global Silage Market by Region, Value
| Label | USD Million |
|---|---|
| 2018 | 1644.4775402161922 USD Million |
| 2019 | 1755.533656771158 USD Million |
| 2020 | 1874.0910107019297 USD Million |
| 2021 | 1998.2074865304908 USD Million |
| 2022 | 2130.545032139109 USD Million |
| 2023 | 2274.906548461714 USD Million |
| 2024 | 2435.784276842039 USD Million |
| 2025 | 2615.5900816440585 USD Million |
| 2026 | 2817.1599453613276 USD Million |
| 2027 | 3043.8407211148156 USD Million |
| 2028 | 3276.8719552243056 USD Million |
| 2029 | 3539.8737463221287 USD Million |
| 2030 | 3837.706129050541 USD Million |
| 2031 | 4176.175750376825 USD Million |
| 2032 | 4562.249560058736 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The UK Ornamental Fish Market Outlook (2018-2032) has been encouraging with surveys indicating an increased number of people in the UK taking an interest in fish keeping as a hobby. Customer preferences for ornamental fish have also shifted in recent times with tropical and cold water species being in greatest demand. The development of aquaculture technology within the UK has provided improved access to a diverse range of fish species, whilst ensuring quality and sustainability. Alongside this, there has been a rise in both demand and availability of specialist fish such as rare and exotic species. These previously hard to find fish have become increasingly popular due to online and mail order services, making them more accessible.The increase in the number of aquaria throughout the UK, both private and public, has provided more avenues to reach customers and as such has increased the market potential for ornamental fish. As part of this growth, there has been a rise in organisations offering educational and conservation programmes revolving around ornamental fish.
This has helped to fuel further growth within the UK ornamental fish market by creating a more informed audience and fostering confidence in purchasing fish.The type and style of aquaria themselves has also seen change. The traditional glass tank set-up has primarily been replaced with modern, stylish display aquaria which provide an aesthetically pleasing home for the fish. This has attracted a new audience of hobbyists, some of which may have never previously considered keeping fish as a pet.The overall outlook for the UK ornamental fish market in the next upcoming years is one of continued growth. With increased demand, both existing and new hobbyists will be well served with a large selection of both new, exotic species and the traditional favourites. Sustainable and ethical sourcing of these fish will also be of vital importance as the popularity of fish keeping continues to grow throughout the UK.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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