Download Free Sample
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Aquaponics Market: By Produce Type, By Equipment By Application and Geography
Aquaponics Market: By Produce Type, By Equipment By Application and Geography
Aquaponics Market size was valued at US$ 25.62 Million in 2022. It is expected to reach US$ 55.61 Million by 2029, at a CAGR of 11.5% from 2023-2029. due to technological advancement in aquaponics system. Due to increasing demand of sea food and herbs and growing advanced technology in aquaculture and hydroponics are drive the growth of this industry market during the forecast period. High adoption of sea food by the most of countries peoples and ease of availability will raise this market over future time. But, lack of skilled persons and high investment cost may affect the growth of global aquaponics market. According to the projection period's trends, the aquaponics market is a quickly rising industry, with numerous partnerships and educational research on the way. Aquaponic crops are a hybrid of aquaculture and hydroponics that are grown by farmers and the agriculture sector. These are used to increase food output. The necessity of the hour is for a pervasive system to establish a symbiotic and well-balanced environment. The same can be accomplished by utilising fish faeces, which provides much-needed nutrients to plants in the early stages of development. Additionally, the water utilised for fish rearing and plant growth is circulated inside the system. Aquaponics also contributes to sustainability and meets the growing demand for organic veggies.
Study Period
2024-2030Base Year
2023CAGR
11.5%Largest Market
North-AmericaFastest Growing Market
North-America
Aquaponics has application in different ways such as commercial, home production, community, research centers and others. Commercial aquaponics has largest revenue share in the global aquaponics market. Growing awareness of cultivation of hydroponics and aquaculture which is progressively causing shift towards adoption of aquaponics system. Rising demand of locally grown and organic vegetable is the fuel for growth of this market.
Geographically, Global Aquaponics market is segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has expected to dominate in the revenue share due to technological advancement in aquaponics systems. Major key players are present in the North America such Pentair Aquatic Eco-System, Nelson and Pade, Inc., Aquaponics USA, Green Life Aquaponics, The Aquaponics Source, etc. Asia Pacific region is an emerging and lucrative market of aquaponics systems during the forecast period due to more population and developing economic.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market CAGR |
11.5% |
|
By Product Type |
|
|
By Equipment |
|
|
By Application |
|
|
By Region |
|
Download Free Sample Report
The aquaponics marketis projected to expand at a CAGR of 11.5% during the forecast period
Nutraponics Canada Corporation, Nelson and Pade, Inc, Pentair Aquatic Eco-System, My Aquaponics, Greenlife Aquaponics
North America is the fastest-growing region for aquaponics market
One of the threats to the aquaponics market is the potential for waterborne diseases and contamination, which can harm fish and plant health, leading to production losses and increased operational risks.
The aquaponics market is experiencing a growing trend driven by increasing awareness of sustainable and efficient food production methods, as well as a rising demand for fresh and locally sourced produce.
Aquaponics Market size was valued at US$ 25.62 Million in 2022
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.