Global aquaponics market is expected to grow at the CAGR of 7.5%. Increasing population leading to increasing food demand, demand for sustainable & natural system of crop cultivation without chemical or pesticide use and strong growth in aquaculture industry is driving the growth in aquaponics market. Many farmers are adopting aquaponics farming technique over organic farming as it provides high return on investment which is supporting the growth of aquaponics market. Aquaponics farming technique is adaptable in different climate conditions which is influencing the market growth and popularity of aquaponics market. Farmers from developing countries are using aquaponics for production of fishes, fruits and herbs which is boosting the aquaponics market growth.
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There has been lot of research and development activities happening in various educational institutions to find out new technologies and its application to improve quality of crops produced through aquaponics. The increasing use of aquaponics in education and research purpose strengthens the aquaponics market growth. Global aquaponics market is fragmented in different application sectors such as commercial, educational institutes, home food production which provides lots of opportunities to key players for investments and it is easy for key players to establish a new trend in aquaponics market.
This report includes a study of strategies such as mergers and acquisitions, product launches by the major aquaponics market players. It further includes product portfolios, developments of leading major players which includes
- Urban Farms AG (Switzerland)
- Nelson & Pade Inc. (U.S.)
- ECF Farmsystems GmbH (Germany)
- My Aquaponics (South Africa)
- Backyard Aquaponics Pty Ltd (Australia)
- Colorado Aquaponics (U.S.) and
- Greenlife Aquaponics (U.S.)
Aquaponics manufacturers are focusing on research and developments activities to improve efficiency of aquaponics systems with the help of new technologies.
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The global aquaponics market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Asia Pacific region has the major market share followed by North America. Increasing population and demand for organic food products is supporting the aquaponics market growth in Asia Pacific region. Due to innovation in technology, the aquaponics is gaining popularity as an efficient and profitable way of farming in Europe and North America region.
Aquaponics component/equipment manufacturers
Researchers and educational institutions
Retailers and wholesalers
Traders, importers and exporters systems.
Aquaponics is emerging as sustainable and intensive food production system in North America. The number of aquaponic practitioners are highly concentrated in U.S.
Emerging economies such as India and China are projected to grow at the highest CAGR in the review period owing to the increasing organic food demand and increasing disposable income
Aquaponics application in home food production is growing at higher rate compare to other application segments
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Aquaponics market has been segmented on the basis of production type which comprises of fish, vegetables & fruits, herbs and others
Aquaponics has been segmented on the basis of equipment which comprises pumps and valves, grow lights, water heaters, grow lights, water quality testing, fish purge systems, aeration systems and others
Aquaponics is segmented on the basis of component which comprises sump, rearing tanks, biofilter, hydroponics subsystem, settling basin and others
Aquaponics is segmented on the basis of application which comprises commercial, home food production, education and research and others
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