Aquaponics Market Expected To Surpass $3.3 Billion By

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DUBAI, United Arab Emirates, July 28 2022 (GLOBE NEWSWIRE) — The global aquaponics market is expected to reach a value of US$3.3 billion by 2032, with sales growing at a robust CAGR of 8.3% for the forecast period. from 2022-2032. The application of aquaponics offers benefits such as increased income through dual cultivation activities, reduced technical complexity and limited water consumption. Thus, the aquaponics market – which is expected to reach an estimated value of US$1.5 billion in 2022 – is showing significant growth.

A closed-loop water circulation system combining fish farming and vegetable growing not only saves a lot of water, but also increases crop productivity during times of extreme drought. This whole system is aquaponic technology.

Small farmers are now open to the inclusion of aquaponics as an agricultural technique. The successful use of aquaponics ensures increased income as well as limited water consumption. The growing demand for sustainable farming approaches is also driving the growth of the aquaponics market.

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Due to rapid urbanization and a growing population, arable land is disappearing. The adaptation of the aquaponic system makes it possible to fight against this problem. Aquaponics requires minimal water for growing vegetables and generates almost 8 times more food on the ground on one-sixth the area required by traditional agriculture. All these factors contribute to the expansion of the aquaponics market. In addition, aquaponics uses water by-products as fertilizers and simultaneously contributes to water recycling. This should also contribute to the growing demand for aquaponic systems.

“Growing market demand for organic foods coupled with the need for sustainable farming approaches is likely to drive the global aquaponics market over the forecast period,” IMF analyst says.

Key points to remember:

  • Economic and ecological benefits of aquaponics to increase market opportunities.
  • The demand for organic food will dominate the market.
  • The North American aquaponics market will provide lucrative market opportunities during the forecast period.
  • The United States and Canada will be major contributors to the aquaponics market.
  • The Asia-Pacific region will present huge growth opportunities during the forecast period.
  • By application, the fruit and vegetable segment will show significant growth.
  • Home delivery of groceries has helped boost sales of the aquaponically grown plant.

Competitive landscape

Nelson & Pade Aquaponics, Practical Aquaponics, Aquaponics USA, The Aquaponic Source, and Pentair Aquatic Eco-System, Inc., among others, are some of the key players in the aquaponics market that are profiled in the comprehensive version of the report.

The leading organizations in the market are focusing on service expansion and using strategic tactics such as partnerships, mergers and acquisitions to enhance their technological capabilities as well as improve their manufacturing and distribution process.

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More information about the Aquaponics market report

In its latest report, FMI offers an unbiased analysis of the Global Aquaponics Market, providing historic data from 2017 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth and scope of the global market , the market is segmented based on Type (Media Filled Culture Trays (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), Others), Component (Biological Filter, Settling Tank, Aquariums , aboveground plant bed, rearing ponds, aquaponics products, others), equipment (pumps and valves, water heaters, fish purge systems, aeration systems, water quality testing, others), applications (fish, herbs, fruits, vegetables), end use (commercial, home production, research) and region .

Regional Analysis of the Aquaponics Market

According to the latest IMF reports, North America accounts for most of the global aquaponics market. This is mainly due to growing health conscious trends and increasing demand for natural and organic agricultural products like fruits and vegetables. The market dominance of this region is expected to continue during the forecast period.

Canada and the United States are the main drivers of the aquaponics market in North America, with the United States leading the way. The lead of the United States is mainly due to the large-scale application of aquaponics in the fruit and vegetable segment.

Besides North America, the Asia-Pacific region presents multiple positive market opportunities for aquaponics technology. The region is expected to exhibit impressive growth rates in the global market over the forecast period.

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Market segments covered in the Aquaponics market analysis

By type:

  • Media Filled Growbeds (MFG)
  • Nutrient Film Technique (NFT)
  • Deep Water Culture (DWC)
  • Others

By Component:

  • Biological filter
  • Settling ponds
  • Aquariums
  • Bed without soil
  • Rearing ponds
  • Aquaponic products
  • Others

By equipment:

  • Pumps and valves
  • Water heater
  • Fish purge systems
  • Aeration systems
  • Water quality analysis
  • Others

By app:

  • Fish
  • Herbs
  • Fruits
  • Vegetables

Per end user:

  • Commercial
  • home production
  • To research

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Contents
1. Market overview

1.1. Market Coverage / Taxonomy

1.2. Market Definition / Scope / Limits

2. The massive impact of the crisis

2.1. Global Aquaponics Market Forecast Scenario Short-term (2022-2026) and Long-term (2027-2032) Annual Growth Rate Comparison

2.2. Key Factors Impacting the Market

3. Market dynamics

3.1. Drivers

3.2. Constraints

3.3. Opportunity

4. Key Regulations

4.1. Packaging and labeling regulations

4.2. Overview of Certifications and Certification Agencies

4.3. Import/Export Policies

5. 2017-2021 Global Aquaponics Market Demand Analysis and Forecast, 2022-2032

5.1. Historical Market Volume Analysis (Metric Tons), 2017-2021

5.2. Current and Future Projections of Market Volume (Metric Tons), 2022-2032

5.3. Analysis of annual growth trends

Click here for the 350-page TOC Report on Aquaponics Market

Aquaponics Market Segmentation Analysis

According to the latest IMF study, by application, the fruit and vegetable segment is expected to exhibit positive growth over the forecast period. This is due to the contribution of the United States to the segment. The application of aquaponics technology has led to an impressive cultivation of fruits and vegetables. According to trade associations, fruit and vegetable exports increased 7% to US$18.2 billion in 2012, to more than US$16.15 billion in 2019, making America the one of the main markets for fruits and vegetables from organic farming.

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