Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Aquaponics Market Size is Expected to Grow from USD 1.37 Billion in 2023 to USD 3.76 Billion by 2033, at a CAGR of 10.62% during the forecast period 2023-2033.
The global aquaponics market refers to the industry that focuses on combining hydroponics (soilless plant cultivation) with aquaculture (fish farming) into a sustainable agricultural system. Fish excrement provides plants with organic nutrients, while the plants themselves help clean the water, leading to a self-sufficient environment. Water circulation systems, fish tanks, grow beds, and biofilters represent some of the components that are sold in this field of business. Key driving factors for the growth of the aquaponics market include the increasing demand for chemical-free and organic food has fueled the use of aquaponics and other sustainable agricultural practices. A change to resource-efficient agriculture methods has also been affected by growing worries regarding food security and water conservation. However, high setup and initial costs in aquaponics involve specialized infrastructure, including tanks, filtration systems, and monitoring devices.
The greenhouse segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of facility type, the global aquaponics market is divided into greenhouse, building based indoor farms, and others. Among these, the greenhouse segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to the rising demand for organic food, the speed at which communities are growing, government assistance, water conservation applications, and innovative agricultural technologies.
The fish segment accounted for the highest revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of produce, the global aquaponics market is divided into fish, fruits & vegetables, and others. Among these, the fish segment accounted for the highest revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. The segment growth is driven by growing customer demand for pesticide-free and organic products, shorter growing seasons, increased market profitability, aquaponics systems' effective nutrient absorption, and the increasing appeal of urban farming.
North America is anticipated to hold the largest share of the global aquaponics market over the predicted timeframe.
North America is anticipated to hold the largest share of the global aquaponics market over the predicted timeframe. The regional market growth can be attributed because of substantial study projects, innovative agricultural technologies, and rising investments in sustainable farming. The area gains from strong consumer awareness, a flourishing organic food market, and government incentives. Growth is also aided by the existence of significant aquaponics businesses and the general adoption of controlled environment farming. An increasing focus on conserving water and encouraging environmentally friendly methods of agriculture supports market growth substantially more.
Asia Pacific is expected to grow at the fastest CAGR in the global aquaponics market during the forecast period. The regional market growth is driven because of extensive government backing, significant support for contemporary farming, rising organic food demand, fast urbanization, and the adoption of innovative agricultural technologies. Through financial incentives like India's National Horticulture Mission (NHM) and additional state-level subsidies, countries like China, India, and Southeast Asian countries actively promote sustainable farming efforts
Company Profiling
Major vendors in the global aquaponics market are Pentair Aquatic Eco-System, Inc. (PAES), The Aquaponic Source, Hydrofarm Holdings Group, Inc., Practical Aquaponics (Pty)Ltd, Greenlife Aquaponics, Backyard Aquaponics Pty Ltd, My Aquaponics, Aquaponic Lynx LLC, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global aquaponics market based on the below-mentioned segments:
Global Aquaponics Market, By Facility Type
Global Aquaponics Market, By Produce
Global Aquaponics Market, Regional
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