Market Overview:
The global aquaponics market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for seafood, rising awareness about aquaponics, and technological advancements in aquaponics systems. The global aquaponics market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into media-filled growbeds (MFG), nutrient film technique (NFT), deep water culture (DWC), and others. On the basis of application, the market is segmented into academic institutions, commercial establishments/farms/greenhouses/nurseries & landscaping companies., family homes & hobbyists,, and others. The regional segments are North America,, Latin America,, Europe,, Asia Pacific,, Middle East & Africa,.
Product Definition:
Aquaponics is a sustainable agriculture system that combines conventional aquaculture (raising aquatic animals such as fish, prawns, and crayfish in tanks) with hydroponics (cultivating plants in water). The key benefit of aquaponics is that it recirculates up to 95% of the water used, compared to traditional agriculture which wastes large quantities of water due to evaporation and runoff. Aquaponics also uses 10% of the energy required for traditional farming, making it a more environmentally friendly option. Fish waste provides the nutrients needed for plants to grow, while the plants clean the water for the fish. This closed-loop system results in a self-sufficient food production system that can be adapted to any climate.
Media Filled Growbeds (MFG):
Media Filled Growbeds (MFG) are used in hydroponics to grow plants without soil. It is an inert and sterile medium that holds the nutrients for plant growth. The basic ingredients of Media Filled Growbeds include coconut coir, rock phosphate, perlite or sand, and water. These ingredients when added to the grow bed create a micro-soil environment around the roots of plants thereby increasing its nutrient value as well as water retention capacity.
Nutrient Film Technique (NFT):
Nutrient Film Technique (NFT) is a method of growing plants in nutrient solution inside a plastic film. Nutrients such as phosphorous, potassium, and magnesium are provided to the plant through the water flow from an aqua system. The technique helps to grow plants faster with more yield and stronger stems by providing optimum nutrients required for healthy growth of the plant.
Application Insights:
The academic segment held the largest share of more than 60.0% in 2017. The application of aquaponics in the academic field is limited to experimental purposes as it has not been widely adopted so far. However, this sector is expected to witness significant growth over the forecast period owing to increasing research activities on aquaponics and its applications at universities and colleges across countries such as Australia, New Zealand, India and China.
Commercial application was estimated to be worth USD 1.65 billion in 2017 due to rising adoption by restaurants, hotels and food chains across countries such as Italy, Spain U.K.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing awareness about aquaculture and its benefits, rising environmental concerns, and availability of cheap labor in this region.
Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 owing to increasing awareness among farmers about aquaponics technology coupled with growing population and disposable income levels in emerging economies such as India & China & Bangladesh etc., which are expected boost agricultural production sector especially rice cultivation thereby driving demand for media-based systems for water management applications. Moreover, government initiatives encouraging small scale farming activities are also likely contribute toward industry growth over the coming years.
Growth Factors:
- Increasing demand for organic food: The global market for organic food is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of organic food among consumers. Aquaponics is an environmentally friendly way of producing organic vegetables and fruits, which makes it an attractive proposition for consumers looking for sustainable options.
- Rising urban population: By 2030, two-thirds of the world’s population is expected to live in cities, creating a huge demand for fresh produce in urban areas. Aquaponics can help meet this demand by providing a viable solution for growing fresh produce in small spaces such as rooftops and balconies.
- Growing popularity of home gardening: There has been a surge in interest in home gardening across the globe as people seek ways to reduce their dependence on supermarkets and get closer to their food sources. Aquaponics offers an ideal solution for those who want to start their own garden but don’t have enough space or time constraints. It also allows people to grow crops that are not typically available at local grocery stores or farmers markets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aquaponics Market Research Report
By Type
Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), Others
By Application
Academic, Commercial, Family, Others
By Companies
Nelson and Pade, Aquaponic Source, Backyard Aquaponics, Aquaponics USA, PentairAES, Gothic Arch Greenhouses, Stuppy, ECF Farm Systems, Urban Farmers, PFAS, EcoGro, Aquaponic Lynx, Aquaponics Place, Endless Food Systems, Aonefarm, Japan Aquaponics, Evo Farm, Water Farmers
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Aquaponics Market Report Segments:
The global Aquaponics market is segmented on the basis of:
Types
Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Academic, Commercial, Family, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nelson and Pade
- Aquaponic Source
- Backyard Aquaponics
- Aquaponics USA
- PentairAES
- Gothic Arch Greenhouses
- Stuppy
- ECF Farm Systems
- Urban Farmers
- PFAS
- EcoGro
- Aquaponic Lynx
- Aquaponics Place
- Endless Food Systems
- Aonefarm
- Japan Aquaponics
- Evo Farm
- Water Farmers
Highlights of The Aquaponics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Media Filled Growbeds (MFG)
- Nutrient Film Technique (NFT)
- Deep Water Culture (DWC)
- Others
- By Application:
- Academic
- Commercial
- Family
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aquaponics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aquaponics is a type of agriculture that combines aquaculture (the raising of aquatic animals in tanks or ponds) with hydroponics (the cultivation of plants in water), using recirculating systems to provide both nutrients and oxygen to the plants.
Some of the key players operating in the aquaponics market are Nelson and Pade, Aquaponic Source, Backyard Aquaponics, Aquaponics USA, PentairAES, Gothic Arch Greenhouses, Stuppy, ECF Farm Systems, Urban Farmers, PFAS, EcoGro, Aquaponic Lynx, Aquaponics Place, Endless Food Systems, Aonefarm, Japan Aquaponics, Evo Farm, Water Farmers.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aquaponics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aquaponics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aquaponics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aquaponics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aquaponics Market Size & Forecast, 2020-2028
4.5.1 Aquaponics Market Size and Y-o-Y Growth
4.5.2 Aquaponics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Media Filled Growbeds (MFG)
5.2.2 Nutrient Film Technique (NFT)
5.2.3 Deep Water Culture (DWC)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Academic
6.2.2 Commercial
6.2.3 Family
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aquaponics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aquaponics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Media Filled Growbeds (MFG)
9.6.2 Nutrient Film Technique (NFT)
9.6.3 Deep Water Culture (DWC)
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Academic
9.10.2 Commercial
9.10.3 Family
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Media Filled Growbeds (MFG)
10.6.2 Nutrient Film Technique (NFT)
10.6.3 Deep Water Culture (DWC)
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Academic
10.10.2 Commercial
10.10.3 Family
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Media Filled Growbeds (MFG)
11.6.2 Nutrient Film Technique (NFT)
11.6.3 Deep Water Culture (DWC)
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Academic
11.10.2 Commercial
11.10.3 Family
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Media Filled Growbeds (MFG)
12.6.2 Nutrient Film Technique (NFT)
12.6.3 Deep Water Culture (DWC)
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Academic
12.10.2 Commercial
12.10.3 Family
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Media Filled Growbeds (MFG)
13.6.2 Nutrient Film Technique (NFT)
13.6.3 Deep Water Culture (DWC)
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Academic
13.10.2 Commercial
13.10.3 Family
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aquaponics Market: Competitive Dashboard
14.2 Global Aquaponics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nelson and Pade
14.3.2 Aquaponic Source
14.3.3 Backyard Aquaponics
14.3.4 Aquaponics USA
14.3.5 PentairAES
14.3.6 Gothic Arch Greenhouses
14.3.7 Stuppy
14.3.8 ECF Farm Systems
14.3.9 Urban Farmers
14.3.10 PFAS
14.3.11 EcoGro
14.3.12 Aquaponic Lynx
14.3.13 Aquaponics Place
14.3.14 Endless Food Systems
14.3.15 Aonefarm
14.3.16 Japan Aquaponics
14.3.17 Evo Farm
14.3.18 Water Farmers
