Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.97 Billion | USD 7.74 Billion | 14.8% | 2024 |
The global aquaponics market size was worth around USD 1.97 Billion in 2024 and is predicted to grow to around USD 7.74 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 14.8% between 2025 and 2034. The report analyzes the global aquaponics market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aquaponics industry.
Aquaponics is a food-production method that combines aquaculture (the breeding of aquatic animals in tanks) and hydroponics (the growing of plants in water), in which nutrient-rich aquaculture water is delivered to hydroponically grown plants, where nitrifying bacteria convert ammonia to nitrates. Because all aquaponic systems are based on contemporary hydroponic and aquaculture farming techniques, the size, complexity, and types of foods grown in an aquaponic system can differ just as much as any other system found in a different agricultural field.
Aquaponics stands for raising aquatic plants and aquatic animals together in a symbiotic environment. It is a sustainable form of farming plants and fish together in a beneficial way. Fish waste contains a lot of nitrates and ammonia which are beneficial for the plant. Nitrates and ammonia are good fertilizers for the plant. But nitrates and ammonia are harmful to fishes if it remains in water in large quantity. Plants in aquaponics can consume all the nitrates and ammonia and purify the water.
Because aquaponics is free of artificial fertilizers and crop protection chemicals, and fish waste serves as the principal nutrition for plants, the demand for organically grown crops has huge potential and an unexplored market for emerging aquaponic farms and aquaponic system vendors.
Free from any interference of harmful fertilizers or pesticides
There are no toxic fertilizers or pesticides present in the aquaponics culture's produce. The World Bank's Fertilizer Price Index is forecasting an upward trend. The fish waster, which grows in water solvents, is a wonderful natural fertilizer for these veggies. This also helps to cut down on the costs of using fertilizers in large-scale production. Furthermore, no expensive equipment is used, implying that the market is profitable in the long run.
Growing population and increasing demand for food are expected to impact positively the global aquaponics market. Moreover growing demand for vegetables and organic fruits is expected to drive the demand for aquaponics in near future. Improvement in the adoption of new urban farming methods and demand for off-season availability of fruits & vegetables is expected to fuel the market growth over the years to come. In addition, low cost of production, time, lower transportation & storage cost of food and higher margins are other beneficial factors for the aquaponics market growth. However, high price of initial system setup & installation and unavailability of skilled labor required for aquaponics is expected to hinder the market growth within the forecast period. Nonetheless, technological advancement in farming and innovative steps towards environmental sustainability offer a vast opportunity for the industry participants in aquaponics market.
Competition from hydroponics and vertical farming
Agricultural techniques such as hydroponics and vertical farming are causing a surge in the use of sustainable agricultural methods. This is offering a significant hurdle to the market's expected growth over the forecast period, which ends in 2028.
The global aquaponics market is segmented based on Type, Component, Equipment, Application, End-User, and region.
Based on Type, the global aquaponics market is divided into Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), and Others.
On the basis of Component, the global aquaponics market is bifurcated into Bio Filter, Settling Basins, Fish tanks, Soil-free plant beds, Rearing Tanks, Aquaponic Produce, and Others.
By Equipment, the global aquaponics market is split into Pumps and Valves, Water Heaters, Fish Purge Systems, Aeration Systems, Water Quality Testing, and Others.
In terms of Application, the global aquaponics market is categorized into Fish, Herbs, Fruits, and Vegetables.
By End-User, the global Aquaponics market is divided into Commercial, Home Production, and Research.
Because of the increasing use of modern farming techniques and the growing demand for organic food, the North American area has the largest market share in the worldwide aquaponics industry. The Asia-Pacific region has the second-largest market share in the aquaponics industry, thanks to ongoing technological advancements. Furthermore, increased demand for improved agricultural productivity in countries such as China and India drives the business. The European region has the third-largest market share in the aquaponics market due to the presence of a well-established infrastructure. Furthermore, easy technical process adoption was followed by an increase in per capita income. Due to rising demand for low operating costs combined with high yields, the aquaponics industry is expanding in Latin America, the Middle East, and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Aquaponics Market |
Market Size in 2024 | USD 1.97 Billion |
Market Forecast in 2034 | USD 7.74 Billion |
Growth Rate | CAGR of 14.8% |
Number of Pages | 157 |
Key Companies Covered | Aquaponic Lynx LLC, GreenLife Aquaponics, Nelson & Pade Aquaponics, The Aquaponic Source, ECF Farm systems GmbH, MyAquaponics, Backyard Aquaponics, NutraPonics Canada Corporation, Symbiotic Aquaponic, and Endless Food Systems., and others. |
Segments Covered | By Type, By Component, By Equipment, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2024 |
Forecast Year | 2025 to 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the aquaponics market on a global and regional basis.
The global aquaponics market is dominated by players like:
The global aquaponics market is segmented as follows;
By Type
By Component
By Equipment
By Application
By End-User
By Region
FrequentlyAsked Questions
The global aquaponics market is expected to grow due to increasing adoption of sustainable farming techniques, rising demand for organic food, and advancements in aquaculture and hydroponic farming technologies.
According to a study, the global aquaponics market size was worth around USD 1.97 Billion in 2024 and is expected to reach USD 7.74 Billion by 2034.
The global aquaponics market is expected to grow at a CAGR of 14.8% during the forecast period.
North America is expected to dominate the aquaponics market over the forecast period.
Leading players in the global aquaponics market include Aquaponic Lynx LLC, GreenLife Aquaponics, Nelson & Pade Aquaponics, The Aquaponic Source, ECF Farm systems GmbH, MyAquaponics, Backyard Aquaponics, NutraPonics Canada Corporation, Symbiotic Aquaponic, and Endless Food Systems., among others.
The report explores crucial aspects of the aquaponics market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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