Aquaponics Market has been Classified, Based on Produce, as Fish, Fruits and Vegetables

Research Reports

Jan 26, 2021

Market Overview

Global aquaponics market is expected to grow at the CAGR of 13.4%. 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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Competitive Analysis

The key players profiled in the Aquaponics Market are as 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.)

Regional Analysis

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.

Key Findings

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

Segments

Global 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

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