Global Aquaponics Market Projected to Reach $2,276.2 Million by 2032, Fueled by Rising Demand by MDL
Demand for organic food keeps rising as customers become increasingly concerned about the quality and safety of their food. A sustainable farming technique called aquaponics, which combines hydroponics and aquaculture, provides a closed-loop ecology where plants and fish may coexist in harmony. In order to satisfy the growing customer demand for healthier and more ecologically friendly solutions, this cutting-edge farming method enables the production of organic food in a regulated environment free from pesticides and chemical fertilisers.
Furthermore, as urbanisation increases and arable land becomes more rare, urban farming techniques are becoming more popular. Urban locations can benefit from aquaponics since it allows food to be produced in small spaces like rooftops, warehouses, and abandoned buildings. Aquaponics systems contribute to sustainable food production in urban settings by utilising vertical farming techniques and maximising space efficiency, minimising the need for long-distance transportation, and lowering the carbon impact.
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The use of aquaponics has also been driven by the changing climatic conditions, particularly unpredictable weather patterns and water scarcity. When compared to traditional agriculture, this farming technique uses substantially less water and enables year-round production that is unaffected by seasonal changes. Additionally, aquaponics produces a more stable and resilient environment that is better able to survive unfavourable climatic conditions thanks to the symbiotic link between fish and plants.
Highlighted with 93 tables and 104 figures, this 200-page report “Global Aquaponics Market 2022-2032 by Growing System (MFG, NFT, DWC), Facility Type (Greenhouses, Indoor Vertical Farms, Others), Equipment, Component, Product Type (Fish, Plants), Application (Commercial, Home Production, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global aquaponics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global aquaponics market in every aspect of the classification from perspectives of Growing System, Facility Type, Equipment, Component, Product Type, Application, and Region.
Based on Growing System, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Media Filled Growbeds (MFG)
o Constant Flow
o Ebb and Flow (Flood and Drain)
- Nutrient Film Technique (NFT)
- Deep-Water Culture (DWC)
- Other Growing Systems
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Based on Facility Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Poly or Glass Greenhouses
- Indoor Vertical Farms
- Other Facility Types
By Equipment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Grow Lights
- Pumps and Valves
- Water Heaters
- Fish Purge Systems
- Aeration Systems
- Water Quality Testing
- Other Equipment
By Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Bio Filters
- Settling Basins
- Fishtanks
- Soil-free Plant Beds
- Rearing Tanks
- Hydroponics Subsystems
- Other Components
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By Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Fish
o Tilapia
o Catfish
o Carp
o Trout
o Ornamental Fish
o Other Fish Types
- Plants
o Vegetables
o Herbs
o Fruits
- Other Products
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
- Commercial
- Home Production
- Other Applications
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Growing System, Component and Product Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aqua Gardening
Aquaponic Lynx LLC
Aquaponics USA
Argus Control Systems Ltd.
Backyard Aquaponics Pty. Ltd.
BIGH
Cheidys Aquaponics Perth
Deep Water Farms
ECF Farmsystems GmbH
Endless Food Systems
GreenLife Aquaponics
Hydrofarm
Hydrogarden
Nelson & Pade Aquaponics
Ouroboros Farms
Pentair Aquatic Eco-System Inc. (PAES)
Practical Aquaponics
Springworks Farm
Superior Fresh
Sustainnovation Inc. (WaterFarmers Aquaponics)
Symbiotic Aquaponic LLC
The Aquaponic Source
Traders Hill Farm
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