Aquaponics Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Aquaponics Market Overview and Definition
Aquaponics is a sustainable method of food production that combines aquaculture (the farming of fish or other aquatic animals) with hydroponics (the growing of plants in nutrient-rich water) in a closed-loop system. In an aquaponics system, fish waste provides nutrients for plant growth, while the plants filter and purify the water for the fish. This symbiotic relationship creates a highly efficient and sustainable system that requires less water, energy, and space than traditional farming methods.
The aquaponics market includes the production and sale of aquaponics systems, equipment, and supplies, as well as the cultivation and sale of aquaponically-grown products such as vegetables, fruits, herbs, and fish. Aquaponics systems can range from small, home-based systems to large commercial operations, and can be used for a variety of purposes, such as food production, research, education, and even ornamental purposes.
The global aquaponics market has been growing steadily in recent years, driven by the increasing demand for sustainable and locally-produced food, as well as the benefits of aquaponics over traditional farming methods. The market includes various types of aquaponics systems, such as media-based systems, deep-water culture systems, and nutrient film technique systems. Popular aquaponics system manufacturers include Nelson and Pade, Inc., Aquaponic Source, and Green Phoenix Farms.
Global aquaponics market accounted for USD XXX.X Million in 2022 and is estimated to reach USD XXX.X Million in 2032, registering a compound annual growth rate (CAGR)of XX.X% between 2022 and 2032. Aquaponics is a farming technique that combines aquaculture and hydroponics to grow fish and plants together in an integrated system. Aquaponics has become increasingly popular as a growing system in recent years and this can be attributed to their ability to grow different types of food consuming very few resources in the process.
Market Drivers & Restraints
The world’s population is expected surpass 10 billion by 2050. It is becoming ever more difficult to satisfy the global demand for food in a maintainable manner. in order to meet the food demand of an increasing population, the government and farmers are adopting more advanced farming techniques such as Hydroponics, Aeroponics, Aquaponics, soiled based and other hybrid methods. The farmers are majorly growing leafy greens, tomatoes, cabbage, mint, peppers, cucumbers, fish, and shrimp through the aquaponics system. This rising popularity of aquaponics system is resulting in an increase in the number of small and large aquaponics farms across the globe and these farms are also encouraging the consumption of other supplies such as growing media and others.
Land use across the globe is shifting from agriculture to urban and industrial uses. Changing climate has also resulted in lower production yields, loss of arable land and reduced resilience. Further, growing scarcities of natural resources have been encouraging the adoption of aquaponics system since aquaponics is an effective way to produce more food with limited resources than conventional farming, and it also does not depend on arable land availability and external climate conditions.
The labor shortage is another major factor which has encouraged the growth of the aquaponics system. Aquaponics is a labor-saving technique and can be inclusive of any gender and age categories. In the face of population growth coupled with the current and escalating extent of soil degradation, water scarcity, and climate-related challenges, developing efficient and integrated agriculture techniques such as aquaponics will support agriculture industry in coming years. However, the development of other controlled environment farming methods and strong dominance of conventional farming methods are limiting the growth of global aquaponics market.
Segmentation
The research offers a comprehensive analysis of aquaponics market with respect to following sub-markets:
By Component
- Rearing Tank
- Settling Basin
- Filtration unit
- Consumables
- Others
By Application
- Commercial
- Home Food Production
- Others
By Production Type
- Plants
- Fruits and Vegetables
- Herbs
- Tobacco
- Others
- Fish
By Equipment
- Fish Purge Systems
- Aerators
- Sensors
- In-Line Water Heaters
- Pumps and Valves
- Grow Lights
- Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as:
- Pentair Plc.
- Aquaponic Solutions
- Nelson and Pade Inc.
- Green Life Aquaponics
- ECF Farmsystems GmbH
- Colorado Aquaponics
- Symbiotic Aquaponic
- living green Company
- Aquaculture Innovations
- Urbagrow Aquaponics
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in aquaponics market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
- Overview & Executive Summary
- Market Drivers, Trends, Challenges and Opportunities
- Market Size and Forecast Projections
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global aquaponics market by the following segments:
- By Component
- By Application
- By Production Type
- By Equipment
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Aquaponics Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 19th February 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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