Aquaponics Market Research Report 2024
Aquaponics Market Global Industry Analysis and Forecast (2024-2032) By Growing System (Media Filled Grow Beds, Nutrient Film Technique, Deep Water Culture), Equipment (Pumps and Valves, Grow Lights for Plants, Water Heaters, Aeration System), Cultivation (Fruits and Vegetables, Herbs, Fish), Fish Type (Tilapia, Cat Fish, Carps, Ornamental Fish, Trout, And Others {Bluegills, Koi}), Application (Commercial, Home Production, Research & Education), And Region
Aquaponics Market Synopsis
Aquaponics Market Size Was Valued at USD 1260 Million in 2023 and is Projected to Reach USD 2531.37 Million by 2032, Growing at a CAGR of 8.06% From 2024-2032.
Aquaponics is a sustainable farming method that combines aquaculture means raising aquatic animals and hydroponics means growing plants without soil. This involves the cultivation of fish or other aquatic organisms in a tank or pond, where their waste provides nutrients to nourish plants grown in a soilless system. Aquaponics is known for its potential to maximize food production with minimal environmental impact.
Aquaponics allows for the efficient production of both fish and crops using minimal resources like less water, land, and fertilizers, making it an environmentally friendly solution for food production. It uses up to 90% less water compared to traditional soil-based agriculture.Aquaponics systems can be set up indoors or in controlled environments, allowing for year-round production regardless of the weather or geographical limitations enabling consistent food production and reducing dependency on seasonal variations.
Aquaponics encourages organic farming practices by eliminating the need for chemical pesticides, herbicides, and fungicides. The waste generated by fish provides a natural source of nutrients for plants.Aquaponics can be utilized in cities to allow for local food production and decrease the dependence on transporting food over long distances. It presents the possibility of producing healthy food closer to consumers, improving food security, and decreasing carbon emissions.
Top Active Players Involved Are:
“Superior Fresh (US), Ouroboros Farms (US), Garden City Aquaponics Inc. (US), BIGH (UK), Deep Water Farms (US), Madhavi Farms (India), Pentair Aquatic Eco-System Inc. (PAES) (US), Nelson & Pade Aquaponics (US), Practical Aquaponics (Australia), Aquaponics USA (US), The Aquaponic Source (US), Green Life Aquaponics (US), Japan Aquaponics (Japan), Aquaponic Lynx LLC (US), Backyard Aquaponics Pty Ltd (Australia), ECF Aquaponics Farm (Malaysia), Earth Solutions (US), Future Farms (Australia), Aquaponics Africa (South Africa), The Aquaponics Place LLC (US), Aquaponic Farming Italia (Italy), My Aquaponics (South Africa), Fishy Plants (US), Aquaponics No Ka 'Oi (US), Aponic Ltd (UK), AquaSprouts (US), Bright Agrotech (US)C and Other Active Players.”
Aquaponics Market Trend Analysis
High Adoption of Sustainable Farming Techniques
- With increasing environmental concerns related to traditional farming practices, there is a growing demand for sustainable alternatives including aquaponics. It uses up to 90% less water compared to traditional farming methods.
- Additionally, aquaponics requires less land, making it suitable for urban and space-limited areas. Aquaponics eliminates the need for synthetic fertilizers, herbicides, and pesticides, helping to provide a natural and pesticide-free growing environment.
- Aquaponics enables localized food production, reducing transportation distances and associated carbon emissions. The advancements in technology like automation, monitoring systems, and data analytics facilitate the implementation and management of aquaponics systems.
- Aquaponics systems can enable year-round production irrespective of external factors such as climate and season. This capability contributes to improved food security, especially in areas where access to fresh and nutritious food is limited.
Opportunity
Increasing Demand for High-Quality, Locally Produced Organic Food
- Consumers are becoming more aware of the health and environmental advantages of organic fruits and vegetables. Aquaponics enables the continuous production of top-notch, locally-grown organic food, satisfying the increasing need for these items.
- Aquaponics creates a controlled environment that allows plants to receive optimal nutrition and grow in nutrient-rich water resulting to produce more flavorful, fresher, and nutritionally dense compared to conventionally grown produce.
- Aquaponics provides a consistent supply of fresh with year-round production and reduced reliance on external sources. The sustainable and organic nature of aquaponics appeals to consumers willing to pay a premium for high-quality, organically-grown produce.
- Aquaponics systems in specific areas help enhance food security and resilience. Aquaponics ensures a steady supply of local, fresh food by allowing production. This is particularly important in regions where the availability of fresh and healthy food may be restricted because of geographical or climate-related factors.
- The global sales of organic food have increased between 2018 and 2022. In 2023, sales of organic food amounted to about 136.725 billion U.S. dollars, up from nearly 95 billion dollars in 2018.
Aquaponics Market Segment Analysis:
Aquaponics Market is segmented on the basis of Growing System, Equipment, Cultivation, Fish Type, And Application.
By Growing Media, Media Filled Grow Beds Segment Is Expected to Dominate the Market During the Forecast Period
There are three segments by growing medium such as media filled grow beds, nutrient film technique, and deep water culture. Among these, media filled grow beds segment is expected to dominate the market during the forecast period.
- Media-filled grow beds offer a versatile option for growing a wide variety of plants in aquaponics systems by using media like gravel, clay pebbles, or coconut coir. It provides excellent support for plant roots and allows for optimal nutrient absorption.
- Media-filled grow beds act as a biofilter, hosting beneficial bacteria that convert ammonia from fish waste into nitrites and nitrates, which are essential nutrients for plant growth. This mechanism enhances the water quality and helps maintain a balanced ecosystem within the aquaponics system.
- The media-filled grow beds have a substantial surface area, which facilitates the adsorption and retention of nutrients, preventing them from being washed away with the water.
- Media-filled grow beds can be easily adapted to various system sizes, from small-scale backyard setups to large commercial operations. This flexibility allows growers to optimize their production capacity, helping to adapt to the changing market demands.
By Equipment, Grow Lights for Plants Segment Held the Largest Share In 2023
There are four segments by equipment such as pumps and valves, grow lights for plants, water heaters, and aeration systems. Among these, the grow lights for plants segment held the largest share in 2023.
- Grow lights provide plants with the necessary light spectrum for photosynthesis. In aquaponics systems, grow lights ensure that plants receive optimal light conditions for growth and productivity.
- Aquaponics systems offer the advantage of year-round production where limited sunlight or harsh weather conditions restrict traditional outdoor farming. Grow lights replicate the natural light cycle, enabling plants to grow consistently irrespective of seasonal variations by creating an artificial daylight environment.
- Grow lights offer growers the flexibility to cultivate a wide range of plants. With the ability to adjust light intensity and spectrum, aquaponic farmers can optimize the growing conditions to suit the specific needs of different plant species allowing growers to cater to diverse market demands.
- Advancements in grow light technology have led to the development of energy-efficient options, such as LED (Light Emitting Diode) grow lights which consume less energy compared to traditional lighting systems. Innovations such as smart lighting systems with automated control, adjustable spectrums, and remote monitoring have enhanced user-friendliness.
Aquaponics Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- The global demand for organic food products is on the rise, and North America is also seeing an increase. Aquaponics, a sustainable and eco-friendly approach to organic food production, fits in nicely with the increasing popularity of sustainable farming practices.
- There is a high level of awareness and adoption of aquaponics in North America compared to other regions in the world which have contributed to the growth of the market in North America. North America is home to several established players in the aquaponics industry.
- Government assistance and positive regulations have been instrumental in the expansion of the aquaponics industry in North America. The authorities in the area have put in place various benefits like tax breaks, subsidies, and financial programs to encourage sustainable and environmentally friendly agricultural methods.
- There has been a significant increase in investment in research and development of aquaponics in North America leading to the development of new technologies and systems, addressing various challenges associated with aquaponics, such as fish and plant diseases, system contamination, and pest management.
Aquaponics Market Active Players
- Superior Fresh (US)
- Ouroboros Farms (US)
- Garden City Aquaponics Inc. (US)
- BIGH (UK)
- Deep Water Farms (US)
- Madhavi Farms (India)
- Pentair Aquatic Eco-System Inc. (PAES) (US)
- Nelson & Pade Aquaponics (US)
- Practical Aquaponics (Australia)
- Aquaponics USA (US)
- The Aquaponic Source (US)
- Green Life Aquaponics (US)
- Japan Aquaponics (Japan)
- Aquaponic Lynx LLC (US)
- Backyard Aquaponics Pty Ltd (Australia)
- ECF Aquaponics Farm (Malaysia)
- Earth Solutions (US)
- Future Farms (Australia)
- Aquaponics Africa (South Africa)
- The Aquaponics Place LLC (US)
- Aquaponic Farming Italia (Italy)
- My Aquaponics (South Africa)
- Fishy Plants (US)
- Aquaponics No Ka 'Oi (US)
- Aponic Ltd (UK)
- AquaSprouts (US)
- Bright Agrotech (US) and Other Active Players.
Key Industry Developments in the Aquaponics Market:
- In April 2024, Jacksonville non-profit launches its seventh aquaponics urban farm with the mission to grow fresh produce and fish year-round and provide specialized job training. Under a partnership with the Chartwells school food service provider, fresh produce from the farm will help provide "healthy choices" in Duval County public school cafeterias, among other beneficiaries.
- In March 2024, Rotary International launched the Aquaponics centre. This collaboration between Rotary International, Fresh Ministries, and the Desmond Tutu Program to End Global Hunger, initiative leverages expertise in aquaponics to provide sustainable food sources and promote economic growth, transforming lives and fighting malnutrition.
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Aquaponics Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1260 Mn. |
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Forecast Period 2024-32 CAGR: |
8.06 % |
Market Size in 2032: |
USD 2531.37 Mn. |
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Segments Covered: |
By Growing System |
Media Filled Grow Beds Nutrient Film Technique Deep Water Culture |
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By Equipment |
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By Cultivation |
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By Fish Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Aquaponics Market by By Growing System
4.1 Aquaponics Market Snapshot and Growth Engine
4.2 Aquaponics Market Overview
4.3 Media Filled Grow Beds
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value
Frequently Asked Questions
What would be the forecast period in the Aquaponics Market research report?
The forecast period in the Aquaponics Market research report is 2024-2032.
Who are the key players in the Aquaponics Market?
Superior Fresh (US), Ouroboros Farms (US), Garden City Aquaponics Inc. (US), BIGH (UK), Deep Water Farms (US), Madhavi Farms (India), Pentair Aquatic Eco-System Inc. (PAES) (US), Nelson & Pade Aquaponics (US), Practical Aquaponics (Australia), Aquaponics USA (US), The Aquaponic Source (US), Green Life Aquaponics (US), Japan Aquaponics (Japan), Aquaponic Lynx LLC (US), Backyard Aquaponics Pty Ltd (Australia), ECF Aquaponics Farm (Malaysia), Earth Solutions (US), Future Farms (Australia), Aquaponics Africa (South Africa), The Aquaponics Place LLC (US), Aquaponic Farming Italia (Italy), My Aquaponics (South Africa), Fishy Plants (US), Aquaponics No Ka 'Oi (US), Aponic Ltd (UK), AquaSprouts (US), Bright Agrotech (US) and Other Active Players.
What are the segments of the Aquaponics Market?
The Aquaponics Market is segmented into Growing System, Equipment, Cultivation, Fish Type, Segment5, Application, and region. By Growing System, the market is categorized into Media Filled Grow Beds, Nutrient Film Technique, Deep Water Culture. By Equipment, the market is categorized into Pumps and Valves, Grow Lights For Plants, Water Heaters, Aeration System. By Cultivation, the market is categorized into Fruits and Vegetables, Herbs, Fish. By Fish Type, the market is categorized into Tilapia, Cat Fish, Carps, Ornamental Fish, Trout, And Others {Bluegills, Koi}. By Application, the market is categorized into Commercial, Home Production, Research & Education. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Aquaponics Market?
Aquaponics is a sustainable farming method that combines aquaculture means raising aquatic animals and hydroponics means growing plants without soil. This involves the cultivation of fish or other aquatic organisms in a tank or pond, where their waste provides nutrients to nourish plants grown in a soilless system. Aquaponics is known for its potential to maximize food production with minimal environmental impact.
How big is the Aquaponics Market?
Aquaponics Market Size Was Valued at USD 1260 Million in 2023, and is Projected to Reach USD 2531.37 Million by 2032, Growing at a CAGR of 8.06% From 2024-2032.
