The aquaponics from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aquaponics Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The aquaponics market size has grown rapidly in recent years. It will grow from
$1.29 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate
(CAGR) of 10.0%. The growth in the historic period can be attributed to
environmental sustainability, rising urbanization, consumer demand for organic
produce, rising concerns about chemical pesticide use, government subsidies and
incentives.
The aquaponics market size is expected to see rapid growth in the next few
years. It will grow to $2.11 billion in 2028 at a compound annual growth rate
(CAGR) of 10.4%. The growth in the forecast period can be attributed to climate
change impacts, increasing global population, regulatory support for
sustainable farming practices, shifting dietary preferences towards healthier
options, rising awareness of food miles and carbon footprint. Major trends in
the forecast period include expansion of aquaponic systems in commercial
agriculture, development of integrated aquaponics-fisheries systems,
customization of aquaponic systems for niche markets, integration of renewable
energy sources in aquaponic setups, utilization of blockchain technology for
traceability and transparency.
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Scope Of Aquaponics Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Aquaponics Market Overview
Market Drivers -
The growing reduction in arable land areas is expected to drive the growth of
the aquaponics market going forward. Arable land areas refer to expanses of
land suitable for growing crops, typically characterized by fertile soil and
favorable environmental conditions. The reduction in arable land areas is due
to urbanization, soil degradation, and land conversion for non-agricultural
purposes. Aquaponics plays a role in mitigating arable land areas by enabling
efficient cultivation of crops in limited space, utilizing vertical farming
techniques, and integrating aquaculture with hydroponics for sustainable
agriculture practices. For instance, in November 2023, according to the
statistics published by the Department for Environment, Food & Rural
Affairs, a UK-based government ministerial department, the total area of arable
crops in England decreased by 1.3% decrease between 2022 and 2023, falling to
just under 3.7 million hectares, while the total area of cereal crops decreased
by 3.0% to just under 2.6 million hectares. Therefore, the growing reduction in
arable land areas drives the aquaponics market.
Market Trends -
Major companies are investing in the companies operating in the aquaponics
market to grow operations targeting the restaurant industry. Strategic
investments help the aquaponics market by providing essential capital for
technological advancements, infrastructure development, and scaling operations,
thereby enhancing efficiency and market reach. For instance, in October 2023,
The Circle, an Italy-based aquaponic agricultural company, launched a $0.0022
billion expansion plan. This investment will increase production and
processing, develop a cutting-edge technological transformation center, and
leverage intellectual property for enhanced efficiency and scalability, all
while focusing on sustainability. Led by Opes Italia with previous financing
from Invitalia, this investment supports the expansion of operations and
contributes to the growth of the aquaponics market by increasing the
availability of sustainable products and driving technological advancements.
The aquaponics market covered in this report is segmented –
1) By Component: Bio Filter, Settling Basins, Fish Tanks, Soil-Free Plant Bed,
Rearing Tanks, Aquaponic Produce, Other Components
2) By Equipment: Grow Lights, Pump And Valves, Water Heaters, Water Quality
Testing, Fish Pump Systems, Aeration System, Other Equipments
3) By Growing Mechanism: Deep Water Culture (DWC), Nutrient Film Technique
(NFT), Media Filled Grow Beds, Application Aquaponics
4) By Produce: Fish, Fruits, Vegetables, Herbs
5) By Application: Commercial, Home Production, Research And Education
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Regional Insights -
North America was the largest region in the aquaponics market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the aquaponics market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East and
Africa.
Key Companies -
Major companies operating in the aquaponics market are Hydrofarm, AquaCal,
Stuppy Greenhouse, Greenlife Crop Protection Africa, AquaBioTech Group, Red
Ewald, Portable Farms Aquaponics Systems, Lucky Clays Fresh, Practical
Aquaponics, FUTURE FARMING, Pentair Aquatic Eco-System Inc., Aquatic Network,
Nelson & Pade Aquaponics, AquaSprouts, ECF Farmsystems GmbH, Ichthys
Aquaponics, Symbiotic Aquaponic LLC, The Aquaponic Source, Endless Food
Systems, The Urban Farming Guys, Aponic Ltd., NutraPonics, Gothic Arch
Greenhouses, FriendlyAquaponics, ECOLIFE Conservation.
Table of Contents
1. Executive Summary
2. Aquaponics Market Report Structure
3. Aquaponics Market Trends And Strategies
4. Aquaponics Market – Macro Economic Scenario
5. Aquaponics Market Size And Growth
…..
27. Aquaponics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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