Aquaponics Market: Global Industry Analysis and Forecast (2024-2030)

  • The Aquaponics Market size was valued at USD 1.45 Bn. in 2023 and the total Global Aquaponics Market revenue is expected to grow at a CAGR of 11.94 % from 2024 to 2030, reaching nearly USD 3.19 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1821

Aquaponics Market Overview:

The global aquaponics market has been experiencing significant growth in recent years, driven by the rising demand for sustainable agricultural practices and the need for efficient food production systems. Aquaponics is a symbiotic system that combines aquaculture (fish farming) and hydroponics (cultivation of plants in water) in a closed-loop environment. It offers several advantages such as reduced water usage, elimination of chemical fertilizers, and year-round cultivation, which have attracted the attention of farmers and food enthusiasts alike.

 

Furthermore, aquaponics offers environmental benefits that are becoming increasingly important in today's world. As a closed-loop system, it recirculates water, minimizing water usage by up to 90% compared to traditional farming methods. Additionally, the absence of soil eliminates the need for chemical fertilizers, reducing the risk of soil erosion and nutrient runoff into water bodies. This makes aquaponics an eco-friendly alternative to conventional farming, appealing to environmentally conscious consumers.

 

In order to meet human demand for aquatic products, total global aquatic production increased by XX% in 2024–2030, during which aquaculture and capture output increased by XX% respectively. Currently, capture has severely damaged species diversity, and traditional aquaculture also causes a series of problems. First, traditional aquaculture is characterized by crude management based on the natural environment, where weather changes and exogenous pollutants increase the risk of aquaculture disease. For instance, continuous rain prevent the photosynthesis of phytoplankton from proceeding normally, causing water hypoxia.

 

Secondly, the aquaculture area discharges a considerable amount of wastewater containing nitrogen, phosphorus, antibiotics, and other pollutants. In addition, large-scale aquaculture of commodity fish reduces the habitat of other species and disrupts the balance of the ecosystem. Therefore, it is imperative to develop a new environmentally-friendly aquaculture form.

Aquaponics Market

 

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Aquaponics Market Dynamics:

Aquaponics systems offer favourable growing conditions for plants, leading to increased crop yields in comparison to traditional farming techniques. Utilizing controlled environments like greenhouses, aquaponics enables year-round production regardless of external climate variations. This advantage optimizes productivity and guarantees a steady availability of fresh produce, even during off-seasons.

 

The global aquaponics market have been witnessing increasing competition as the demand for sustainable agricultural practices continues to rise. The market landscape comprises a mix of established players, emerging startups, and technology providers aiming to capitalize on the growing interest in aquaponics. These companies have a proven track record in commercial-scale aquaponics operations, supplying fresh produce and fish to a wide range of consumers. They often invest in research and development, continuously improving system efficiency and exploring new plant and fish species suitable for aquaponics. Moreover, they focus on expanding their geographical reach through strategic partnerships, acquisitions, and collaborations with local stakeholders.

 

As the aquaponics market continues to grow, competition is intensifying, leading to increased investments in research, technology advancements, and market expansion strategies. Key areas of focus include improving system efficiency, reducing energy consumption, developing specialized equipment and software solutions, and exploring new markets and customer segments. The aquaponics development has great potential, but faces challenges of management and market. For management, more research on influencing factor, nutrient and microbial community in aquaponics are required.

 

For market, completing the identity construction within the framework of green infrastructure provides research directions, development environment, and policy support for aquaponics. Aquaponics identity in urban production and life needs clarifying within the new conceptual framework to gain market recognition. Incorporating aquaponics into the category of green infrastructure provide it with research directions, development environment, and policy support.

 

Aquaponics Market Segment Analysis:

Based on Application, the market is segmented into commercial, home production, and research & education. The commercial application segment dominated in 2023, with a revenue share of 11.47%. Commercial growers widely adopt aquaculture to produce vegetables and different breeds of fish. The dual production of fish and plants obtained in aquaculture is improving its adoption among commercial growers. Several types of fish, such as tilapia, bass, trout, carp, catfish, koi, fingerlings, and different ornamental fishes, reared in aquaculture. However, for home production targets individually based on their preferences in their own food for personal or hobby.

 

In Education and research includes institution, research facilities and organization conduct experiments and studies related for academics or scientific purpose

Aquaponics Market1

Aquaponics Market Regional Insights:

North America led the overall market in 2023, with a revenue share of 12%. The region's growth attributed to the presence of several key players and the high adoption of controlled environment agriculture in North America. In addition, the rising awareness about alternative and sustainable farming techniques and increasing demand for organic food are improving the adoption of aquaponics systems. The U.S. government has implemented various indoor farming initiatives to promote sustainable agriculture, support local food systems, and reduce the environmental impact of farming.

Aquaponics Market2

The Asia Pacific is expected to grow at the fastest CAGR of XX% over the forecast period. Asia Pacific is expected to register the highest CAGR due to strong government support for sustainable farming in agricultural countries such as India, China, and Southeast Asian countries. The Indian government provides subsidies up to 50% under its various schemes, such as the National Horticulture Mission (NHM), which mainly focuses on constructing vertical farms across the country. Various state governments in the country are providing an additional 10-15% subsidies for the implementation of modern technologies in the agriculture sector.

 

Aquaponics Market Competitive Landscape:

  • In March 2023, UP Vertical Farms introduced innovative solutions to address the challenges faced by traditional farming methods. The company launched a high-density contactless vertical farm, aiming to become the most sustainable vertical farm by 2023.
  • Nelson and Pade, Inc. was recently featured in Insight Magazine. The article focuses on Nelson and Pade Inc.’s impact on the industry and role in expanding and scaling the use of aquaponic food production and proven aquaponic systems.
  • June 8, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm”), a leading manufacturer and distributor of equipment and supplies for controlled environment agriculture (“CEA”),  announced that it has entered into an exclusive strategic alliance with CEA Advisors, a global design/build consultancy to the vertical farming industry and manufacturer of Growtainers and Growracks, to accelerate their expansion into the growing and evolving CEA space for both food and non-food production.

 

Aquaponics Market scope:

Aquaponics Market

Market Size in 2023

USD 1.45 Bn.

Market Size in 2030

USD 3.19 Bn.

CAGR (2024-2030)

11.94%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By System Types

Fruits & Vegetables

Herbs

Fish

Others

By Application

             Commercial

             Home Production

             Research & Education

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Key players of Aquaponics Market

  1. Nelson and Pade, Inc. (US)
  2. Pentair Aquatic Eco-Systems, Inc. (US)
  3. Aquaponics USA (US)
  4. Green Life Aquaponics (US)
  5. Japan Aquaponics (Japan)
  6. Aquaponic Lynx LLC (US)
  7. Backyard Aquaponics Pty Ltd (Australia)
  8. The Aquaponic Source (US)
  9. ECF Aquaponics Farm (Malaysia)
  10. Earth Solutions (US)
  11. Future Farms (Australia)
  12. Aquaponics Africa (South Africa)
  13. The Aquaponics Place LLC (US)
  14. Aquaponic Farming Italia (Italy)
  15. My Aquaponics (South Africa)
  16. Fishy Plants (US)
  17. Aquaponics No Ka 'Oi (US)
  18. Aponic Ltd (United Kingdom)
  19. AquaSprouts (US)
  20. Bright Agrotech (US)


Frequently Asked Questions

The Aquaponics Market size was valued at USD 1.45 Billion in 2023 and the total Global Portable Alcohol Market revenue is expected to grow at a CAGR of 11.94 % from 2024 to 2030, reaching nearly USD 3.19 Billion by 2030.

1.    Aquaponics Market: Research Methodology 
2.    Aquaponics Market: Executive Summary
3.    Aquaponics Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
4.6. Global Import-Export Analysis
5.    Aquaponics Market: Dynamics
5.1. Market Driver 
5.1.1.    Demand for Aquaponics Market
5.1.2.    The use of Aquaponics as a storage

5.2. Market Trends by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Drivers by Region
5.3.1.    North America
5.3.2.    Europe
5.3.3.    Asia Pacific
5.3.4.    Middle East and Africa
5.3.5.    South America

5.4. Market Restraints
5.5. Market Opportunities
5.6. Market Challenges
5.7. PORTER’s Five Forces Analysis
5.8. PESTLE Analysis
5.9. Strategies for New Entrants to Penetrate the Market
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

5.11. Analysis of Government Schemes & Initiatives for the Aquaponics Market
6.    Aquaponics Market Size and Forecast by Segments (by Value Units)
6.1. Aquaponics Market Size and Forecast, by system types (2023-2030)
6.1.1.    Fruits & Vegetables
6.1.2.    Herbs 
6.1.3.    Fish 
6.1.4.    Others

6.2.  Aquaponics Market Size and Forecast, by Application (2023-2030)
6.2.1.    Commercial
6.2.2.    Home Production
6.2.3.    Research & Education

6.3. Aquaponics Market Size and Forecast, by Region (2023-2030)
6.3.1.    North America
6.3.2.    Europe
6.3.3.    Asia Pacific
6.3.4.    Middle East and Africa
6.3.5.    South America

7.    North America Aquaponics Market Size and Forecast (by Value Units)
7.1. North America Aquaponics Market Size and Forecast, by system types (2023-2030)
7.1.1.    Fruits & Vegetables
7.1.2.    Herbs 
7.1.3.    Fish 
7.1.4.    Others

7.2.  North America Aquaponics Market Size and Forecast, by Application (2023-2030)
7.2.1.    Commercial
7.2.2.    Home Production
7.2.3.    Research & Education

7.3. North America Aquaponics Market Size and Forecast, by Country (2023-2030)
7.3.1.    United States
7.3.2.    Canada
7.3.3.    Mexico

8.    Europe Aquaponics Market Size and Forecast (by Value Units)
8.1. Europe Aquaponics Market Size and Forecast, by system types (2023-2030)
8.1.1.    Fruits & Vegetables
8.1.2.    Herbs 
8.1.3.    Fish 
8.1.4.    Others

8.2.  Europe Aquaponics Market Size and Forecast, by Application (2023-2030)
8.2.1.    Commercial
8.2.2.    Home Production
8.2.3.    Research & Education

8.3. Europe Aquaponics Market Size and Forecast, by Country (2023-2030)
8.3.1.    UK
8.3.2.    France
8.3.3.    Germany
8.3.4.    Italy
8.3.5.    Spain
8.3.6.    Sweden
8.3.7.    Austria
8.3.8.    Rest of Europe

9.    Asia Pacific Aquaponics Market Size and Forecast (by Value Units)
9.1. Asia Pacific Aquaponics Market Size and Forecast, by system types (2023-2030)
9.1.1.    Fruits & Vegetables
9.1.2.    Herbs 
9.1.3.    Fish 
9.1.4.    Others

9.2.  Asia Pacific Aquaponics Market Size and Forecast, by Application (2023-2030)
9.2.1.    Commercial
9.2.2.    Home Production
9.2.3.    Research & Education

9.3. Asia Pacific Aquaponics Market Size and Forecast, by Country (2023-2030)
9.3.1.    China
9.3.2.    S Korea
9.3.3.    Japan
9.3.4.    India
9.3.5.    Australia
9.3.6.    Indonesia 
9.3.7.    Malaysia
9.3.8.    Vietnam
9.3.9.    Taiwan
9.3.10.    Bangladesh 
9.3.11.    Pakistan
9.3.12.    Rest of Asia Pacific
10.    Middle East and Africa Aquaponics Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Aquaponics Market Size and Forecast, by system types (2023-2030)
10.1.1.    Fruits & Vegetables
10.1.2.    Herbs 
10.1.3.    Fish 
10.1.4.    Others

10.2.  Middle East and Africa Aquaponics Market Size and Forecast, by Application (2023-2030)
10.2.1.    Commercial
10.2.2.    Home Production
10.2.3.    Research & Education

10.3. Middle East and Africa Aquaponics Market Size and Forecast, by Country (2023-2030)
10.3.1.    South Africa
10.3.2.    GCC
10.3.3.    Egypt
10.3.4.    Nigeria
10.3.5.    Rest of ME&A

11.    South America Aquaponics Market Size and Forecast (by Value Units)
11.1. South America Aquaponics Market Size and Forecast, by system types (2023-2030)
11.1.1.    Fruits & Vegetables
11.1.2.    Herbs 
11.1.3.    Fish 
11.1.4.    Others

11.2.  South America Aquaponics Market Size and Forecast, by Application (2023-2030)
11.2.1.    Commercial
11.2.2.    Home Production
11.2.3.    Research & Education

11.3. South America Aquaponics Market Size and Forecast, by Country (2023-2030)
11.3.1.    Brazil
11.3.2.    Argentina
11.3.3.    Rest of South America

12.    Company Profile: Key players
12.1 Aquaponics USA (US)
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments
12.2. Green Life Aquaponics (US)
12.3. Japan Aquaponics (Japan)
12.4. Aquaponic Lynx LLC (US)
12.5. Backyard Aquaponics Pty Ltd (Australia)
12.6. The Aquaponic Source (US)
12.7. ECF Aquaponics Farm (Malaysia)
12.8. Earth Solutions (US)
12.9. Future Farms (Australia)
12.10. Aquaponics Africa (South Africa)
12.11. The Aquaponics Place LLC (US)
12.12. Aquaponic Farming Italia (Italy)
12.13. My Aquaponics (South Africa)
12.14. Fishy Plants (US)
12.15. Aquaponics No Ka 'Oi (US)
12.16. Aponic Ltd (United Kingdom)
12.17. AquaSprouts (US)
12.18. Bright Agrotech (US)
13.    Key Findings
14.    Industry Recommendations

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