The global Aquaponics Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 11.9% during the review period (2022 to 2027)
As aquaponics are free from chemical fertilizers and crop protection chemicals, with fish waste serving as the prime nutrients for plants, the demand for organically grown crops holds high potential and an untapped space for emerging aquaponic farms and aquaponic system providers.The aquaponic crops as produced by the agriculture sector and farmers and can be recognized as a mixture of aquaculture and hydroponics. These are leveraged for food production. The prevalent system to create a symbiotic and well-balanced ecosystem is the essential of the hour. The same can be done through the use of waste as produced by fishes as it acts as the much-needed nutrients for the plants that are on the way to their rising. Also, the water that is used for fish rearing and the progress of plants gets circulated within the system. Also, aquaponics helps in promoting sustainability and also, cater to the growing demand for organic vegetables. The waste production is also reduced by enhancing the efficiency of growing these vegetables in an environment-friendly manner.Day-by-day changing earth’s energy balance leads to change in the global climatic conditions. The current climate conditions bring new stresses on agricultural production and prevent sustainable vegetation production in many areas. As a result, demand for alternative agricultural practices that will be sustainable in the long term such as aquaponics market or aquaponics farming is increasing throughout the globe.
Industry News
In April 2021, France-based indoor farming company Les Nouvelles Fermes raised EUR 2 million (approximately USD 2.4 million) in its first round of funding by the investors from IRDI, the Banque des Territoires, Crédit Agricole Aquitaine, and the CIC. With this funding, the company plans to build the largest aquaponic farm in Europe.
In 2019, Superior Fresh, the leading aquaponic produce supplier in the Midwest US, expanded its greenhouse footprint from 6 acres to 13 acres and its aquaculture center from 40,000 square feet to 100,000 square feet.
Aquaponics Market is segmented based on the type, applications, companies and regions.
By Type, Aquaponics Market has been segmented into
The end user’s industry application on Aquaponics Market is,
Although still a small industry in North America, aquaponic farming is probable to witness exponential growth in the coming years. In 2014, the University of Wisconsin – Stevens Point and Nelson and Pade Aquaponics entered a Public-Private Partnership (PPP) to establish an Aquaponics Innovation Center as part of the UW-System Economic Development Incentive Grant. Such initiatives have played a pivotal part in raising awareness about sustainable farming alternatives, such as aquaponics, in the region.
The report offers in-depth assessment of the growth and other aspects of the Aquaponics Market in important regions, including the
North America
Report Attributes | Report Details |
Report Title | Aquaponics Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Nelson and Pade, Aquaponic Source, Backyard Aquaponics, Aquaponics USA |
Forecast Period 2022 to 2027 CAGR | CAGR of 11.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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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 and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 115 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Aquaponics Market is studied from 2017 - 2027.
What is the growth rate of Aquaponics Market?
The Aquaponics Market is growing at a CAGR of 11.9% over the next 5 years.
What regions does this Aquaponics Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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