Market Scenario

The Global Aquaponics Market is expected to register a CAGR of 13.4% from 2019 to 2024 and reach USD 1.34 billion by the end of 2024. Aquaponics is incorporation of raising fish and cultivating plants together in a controlled system. If waste by-products of fishes get mixed in water, they can be harmful to fishes. On the other hand, these waste by-products of fishes are used as nutrients for plants, when converted into nitrate by nitrifying bacteria. Aquaponics exploits the above phenomena and uses waste by-products of fishes as nutrients to plants. At the same time, the water containing waste of fishes gets filtered as plants absorbs the nitrates. 

Segmentation

The Global Aquaponics Market Size has been segmented based on produce, components, equipment, application, and region.

The global market has been classified, based on produce, as fish, fruits & vegetables, and others.

The global market has been bifurcated, based on components, into rearing tank, settling basins, bio-filters, sump tanks, and others.

Based on equipment, the global market has been divided into pumps and valves, grow lights, water heaters, water quality testing, fish purge systems, aeration systems, and others.

Based on application, the global aquaponics industry has been categorized as commercial, home food products, and others.

The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

The North American aquaponics market has further been segmented into the US, Canada, and Mexico.

Key Players

Backyard Aquaponics Pty Ltd (Australia), Colorado Aquaponics (US), Greenlife Aquaponics (US), Urban Farms AG (Switzerland), Nelson & Pade Inc. (US), Ichthys Aquaponics (South Africa), Aponic Ltd (UK), Red Ewald Inc. (US), ECF Farmsystems GmbH (Germany), My Aquaponics (South Africa), Hapa Farms (US), Lucky Clays Fresh (US), NutraPonics Canada Corporation (Canada), Pentair Aquatic Eco-Systems Inc. (US), and Japan Aquaponics (Japan), are some of the key players in the global aquaponics market.

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Regional Analysis

The market in North America is expected to dominate the global aquaponics market during the forecast period due to the increasing demand of organic food and adaptation of modern techniques in farming.

Moreover, the continuous technological innovations to increase efficiency of aquaponics is anticipated to fuel the growth of aquaponics market. Asia-Pacific is projected to grow at highest CAGR due to the increase in population leading to increased food demand. Additionally, the farmers in developing countries like India and China are now moving towards aquaponics due to increased income with dual raising activity and easy technical operations.

The market in the rest of the world is expected to gain a significant share as the South American countries are now adapting aquaponics due to lower operating cost and increase in demand of organic food.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

The Report “Aquaponics Market– By Equipment (Grow Lights, Pumps & Valves, Water heaters, Aeration Systems) Component (Rearing Tanks, Settling Basins, Sump, Biofilter, Hydroponics) Produce (Fish, Vegetables & Fruits, Herbs) End User (Commercial, Home, Community) -Forecast(2016–2021)”, is published by IndustryARC.

Browse 21 Market Tables, 75 Figures spread through 174 Pages and an in-depth TOC on “Aquaponics Market (2016 - 2021)”
http://industryarc.com/Report/22/global-commercial-aquaponics-market.html

Aquaponics refers to a symbiotic integration of aquaculture, or the raising of fish and hydroponics, or the growth of plants in a water-based system. This creates a highly sustainable natural system as no harsh chemicals are used to produce food. This report provides the detailed analysis of the components, equipment, produce as well as end-users related to aquaponics.

Aquaponic systems provide year-round crop production under a greenhouse. As the water used in aquaponic systems contain fish waste, it becomes nutrient-rich which in turn accelerates the crop production time. Costs related to soil based gardening problems are reduced when using an aquaponic system. Reduced preparation time and transport & storage costs of food are also the major benefits of aquaponics systems. Rising consumption of organic foods especially in the developed nations provides necessary impetus to the aquaponics market growth. Driven by the aforementioned features of aquaponics, investments for establishing medium to large scale projects as well as funds to upgrade the existing systems is increasing over time propelling the demand for equipment and components.

In aquaponics market, pumps and valves have emerged as the largest revenue generating equipment segment. On the other hand, market for components such as biofilters and consumables including feed, seeds have the high growth potential.

Major equipment of aquaponic systems include:

Grow Lights
Pumps & Valves
Water heaters
Aeration Systems
Monitoring and Alarms
Others

North America is the dominant market for aquaponic produce and is estimated to reach $289.1 Million by 2021, growing at a CAGR of 15.3% during 2016-2021. The number of practitioners is highly concentrated in U.S. Growing organic food demand in emerging economies like India and China strengthens the market growth in APAC region. Market for herbs, biomass & flowers is set to grow faster as compared to relatively well penetrated segments fruits, fish and vegetables.

Various produces of aquaponics included in the market study are:

Fish
Herbs
Vegetables & Fruits
Flowers and Biomass

The global aquaponics market report provides detailed analysis of the different components, produce type, equipment and end-users of aquaponics systems. The overall market is also presented from the perspective of different geographic regions and key countries in each region.

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