To know the impact of COVID-19 On Aquaponics Market Size By Produce Type (Fish, Fruits & Vegetable, Herbs, Others), By Component (Rearing tank, Settling basin, Bio-filters, Sump tank, Others), By Equipment (Grow light, Water heater, Aeration system, Pumps and valves, Water heater, Others), By Application (Commercial, Home production, Research centre, Others) Forecast 2020-2025 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Aquaponics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Increasing demand for organic fruits and vegetables across the globe coupled with growing awareness about importance of fish waste for the plant growth as well as rising disposable income of the people which tends to rise in purchasing power of consumers are some important factors driving the growth of aquaponics market.
Aquaponics is the combination of two words, aquaculture and hydroponics. Aquaculture is the cultivation of aquatic organism in controlled aquatic environment such as fish and hydroponics is method of growing plants without soil, by using mineral nutrient solution in water solvent. Aquaponics is method of raising fish and vegetables in one tank without soil. In aquaponics, plants use ammonia (NH3) excreted by fish as a waste product from protein metabolism is converted to nitrate (NO3 -) by nitrifying bacteria for the growth of plants. Quality of water for the fish is improved by plants; they act as a water filtration system by absorbing nitrogenous and mineral wastes. Fish are the source of nutrients for the plants, they nitrifying the bacteria and convert fish waste products to nutrients for the plants. In aquaculture various fruits and vegetables are grown such as lettuce, broccoli, herbs, tomatoes, beets, cucumber, orange, limes and lemons. Benefits of aquaponics farming are it reduced soil borne diseases, free from harmful pesticides and herbicides, reduces cost of fish waste filtration by conventional method, provides natural fertilizer source from fish waste.
Aquaponics market is segmented into produce type, components, equipment, application, region and country. On the basis of produce type, aquaponics market is segmented into fish, fruits & vegetables, herbs and others. Based on the component, aquaponics is segmented into rearing tank, settling basin, bio-filters, sump tank and others. On the basis of equipment, aquaponics market is segmented into grow light, water heater, aeration system, pumps and valves, water heater and others. On the basis of application, aquaponics market is segmented into commercial, home production, research centre and others.
The regions covered in global aquaponics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global aquaponics market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global aquaponics market reports cover prominent players like,
Backyard Aquaponics Pty Ltd
Nelson & Pade Inc.
Urban Farms AG
The Aquaponic Source
Nutraponics Canada Corporation
Green Life Farms has partnered with Hydronov to grow vegetables.
News: 20 Nov. 2018- Green Life Farm, organic fruits and vegetables growers has partnered with Hydronov leading in Floating Raft Technology (RFT), to design, construct and provide technology to its hydroponics farms in Boynton Beach, FL. Green Life Farms will use cost effective and environmentally friendly technology called Floating Raft Technology (RFT) to grow baby leafy green vegetables for supermarkets, restaurants.
Aquaponics Market Dynamics-
The key factor for the growth of aquaponics market is growing awareness about benefit of organic fruits and vegetables among consumers. Furthermore, rapid urbanization, hectic lifestyle and rising disposable income of the people thus increase demand of organic fruits and vegetable in worldwide is driving the demand for aquaponics market. In addition, changing climatic conditions bring new stress on agriculture production and cause effect on crops coupled with the simultaneous cultivation of fruits & vegetables along with fishes and others with environment friendly is driving the growth of aquaponics market. Additionally, high productivity and profit growth coupled with technological advancement in agriculture and aquaculture is driving the growth of aquaponics market. However, the factors which restrict the growth of aquaponics market is high cost of initial setup and maintenance of aquaponics farming. Moreover, introduction of automation in aquaponics farming and availability of fruits and vegetable sin off- seasons will create huge opportunity in aquaponics market.
Aquaponics Market Regional Analysis-
North America is expected to dominate the growth of aquaponics market due to increasing demand for organic fruits and vegetable in countries such as U.S., Canada. According to Organic Trade Association, Sales of organic fruits and vegetables rose by 5.6% to USD 17.40 billion in 2018 from USD 16.42 billion during the previous year. Furthermore, increasing demand for seafood such as fish in this region is driving the growth of aquaponics market.
Europe is projected to grow at faster pace due to increasing advance agriculture practices coupled with new technological innovations. Furthermore, increasing awareness about organic fruits and vegetables in this region is driving the growth of aquaponics market.
Asia-Pacific is anticipated to grow due to increasing population in countries such as China, India coupled with rising disposable income of the people in this region. Additionally, increasing health awareness among the people thus, increases demand for organic fruits and vegetables in this region.
Key Benefits for aquaponics market reports –
Global aquaponics market report covers in depth historical and forecast analysis.
Global aquaponics Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global aquaponics market report helps to identify opportunities in market place.
Global aquaponics market report covers extensive analysis of emerging trends and competitive landscape.
Aquaponics Market Segmentation –
By Produce Type: Fish, Fruits & Vegetable, Herbs, Others
By Component: Rearing tank, Settling basin, Bio-filters, Sump tank, Others
By Equipment: Grow light, Water heater, Aeration system, Pumps and valves, Water heater, Others
By Application: Commercial, Home production, Research centre, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Aquaponics Market Research Outlook, Recent Trends 2020 and Analysis 2019-2025