Aquaponics Market Size, share By Component (Rearing Tank, Settling Basins, Bio-Filters, Sump Tanks, Others), Production Type (Fish, Vegetables, Fruits, Herbs), Equipment, Application and Region Forecast 2021-2027
Report Description
The global Aquaponics market size is estimated at USD 38.6 billion in 2020, expanding at a CAGR of 12.1% from 2021-2027.
Market Dynamics
Aquaponics is the combination of aquaculture and hydroponics which is cultivating fish and plants in a common arrangement. The waste released from fish when mixed with water can be harmful to fish. But these discharges can be used as a nutrient for plants. Therefore, cultivating both together is beneficial for plants and fish as well.
Aquaponics arrangement requires minimal aquatic space for husbandry of vegetables, crop protection chemicals and increasing practices for chemical-free fertilizers obtained from fish discharge are the factors driving the growth of the aquaponics market. In addition, the growing demand for organic vegetables across the world is anticipated to fuel the market during the forecast period. Moreover, the rising aquaponics farms are reducing the seafood import gradually over a period of time. However, installation and maintenance of aquaponics arrangements are expensive and are likely to hamper the aquaponics market.
Based on the Component, the market is segmented into Rearing Tank, Settling Basins, Bio-Filters, Sump Tanks, and Others. The Rearing Tank is estimated to hold the largest market share during the forecast period. The Bio-Filters segment shows a significant growth rate during the forecast period.
Based on Production Type, the market is bifurcated into Fish, Vegetables, Fruits, and Herbs. The fish segment witnessed the largest market share during the forecast period.
Based on Equipment, the market is segmented into Grow Lights, Fish Purge Systems, In-Line Water Heaters, Pumps and Valves, Aeration Systems, and others. The Grow Lights segment is projected to hold the largest market share in the Aquaponics market during the forecast period owing to the increasing indoor farming.
Based on Application, the market is segmented into Commercial, Research centers, Agriculture & Farming, Home production, and others. The Home production segment is projected to hold the largest market share in the Aquaponics market during the forecast period due to the increasing demand for organic food products.
Regionally, the North American region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period due to the rising demand for organic food and the adaptation of modern techniques in farming.
On the other hand, Europe accounted for the significant growth rate during the forecast period owing to technological advancement, growing investment for organic products boosts the growth of the Aquaponics Market.
Some of the prominent players are Ultrasonics Canada Corp., Nutraponics Canada Corporation, Colorado Aquaponics, Aqua Allotments, Hapa Farms, Aponic Ltd., The Aquaponic Manufaktur GmbH, Backyard Aquaponics Pty Ltd., Nelson and Pade Inc., Superior Fresh, ECF Farm Berlin, Ouroboros Farms, SynergyPonics, Japan Aquaponics, Practical Aquaponics, and Aquaponics USA, among others.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of the Aquaponics Market by component, production type, equipment, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Ultrasonics Canada Corp.
- Nutraponics Canada Corporation
- Colorado Aquaponics
- Aqua Allotments, Hapa Farms
- Aponic Ltd.
- The Aquaponik Manufaktur GmbH
- Backyard Aquaponics Pty Ltd.
- Nelson and Pade Inc.
- Superior Fresh
- ECF Farm Berlin
- Ouroboros Farms
- SynergyPonics
- Japan Aquaponics
- Practical Aquaponics
- Aquaponics USA
Component Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Rearing Tank
- Settling Basins
- Bio-Filters
- Sump Tanks
- Others
Production Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Fish
- Vegetables
- Fruits
- Herbs
Equipment Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Grow Lights
- Fish Purge Systems
- In-Line Water Heaters
- Pumps and Valves
- Aeration Systems
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Commercial
- Research centers
- Agriculture & Farming
- Home production
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- Latin America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Aquaponics Market Overview
1.1. Product Overview and Scope of Aquaponics
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Aquaponics Market Size Growth Rate Analysis by Component: 2020 VS 2027
1.3.1. Rearing Tank
1.3.2. Settling Basins
1.3.3. Bio-Filters
1.3.4. Sump Tanks
1.3.5. Others
1.4. Global Aquaponics Consumption Comparison by Production Type: 2020 VS 2027
1.4.1. Fish
1.4.2. Vegetables
1.4.3. Fruits
1.4.4. Herbs
1.5. Global Aquaponics Consumption Comparison by Equipment: 2020 VS 2027
1.5.1. Grow Lights
1.5.2. Fish Purge Systems
1.5.3. In-Line Water Heaters
1.5.4. Pumps and Valves
1.5.5. Aeration Systems
1.5.6. Others
1.6. Global Aquaponics Consumption Comparison by Application: 2020 VS 2027
1.6.1. Commercial
1.6.2. Research centers
1.6.3. Agriculture & Farming
1.6.4. Home production
1.6.5. Others
1.7. Global Aquaponics Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.7.1. North America Aquaponics Estimates
1.7.2. Europe Aquaponics Estimates
1.7.3. Asia-Pacific Aquaponics Estimates
1.7.4. Latin America Aquaponics Estimates
1.7.5. Middle East & Africa Aquaponics Estimates
2. Market Competition by Manufacturers
2.1. Global Aquaponics Revenue Market Share by Manufacturers (2020)
2.2. Aquaponics Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Aquaponics Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Aquaponics Production Sites, Area Served, Product Types
2.5. Aquaponics Market Competitive Situation and Trends
2.5.1. Aquaponics Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Aquaponics Consumption by Region (2016-2021)
3.1. Global Aquaponics Consumption by Region
3.2. Global Aquaponics Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Aquaponics Consumption Growth Rate (2016-2021)
3.2.3. North America Aquaponics Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Aquaponics Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Aquaponics Consumption Growth Rate (2016-2021)
3.2.7. Europe Aquaponics Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Aquaponics Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Aquaponics Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Aquaponics Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Aquaponics Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. Latin America
3.2.14. Latin America Aquaponics Consumption Growth Rate (2016-2021)
3.2.15. Latin America Aquaponics Consumption, Price and Gross Margin (2016-2021)
3.2.16. Latin America Aquaponics Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Aquaponics Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Aquaponics Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Aquaponics Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Aquaponics Consumption by Component (2016-2021)
4.1. Global Aquaponics Price by Component (2016-2021)
4.2. Global Aquaponics Revenue Market Share by Component (2016-2021)
4.2.1. Rearing Tank
4.2.2. Settling Basins
4.2.3. Bio-Filters
4.2.4. Sump Tanks
4.2.5. Others
5. Global Aquaponics Consumption by Production Type (2016-2021)
5.1. Global Aquaponics Price by Production Type (2016-2021)
5.2. Global Aquaponics Revenue Market Share by Production Type (2016-2021)
5.2.1. Fish
5.2.2. Vegetables
5.2.3. Fruits
5.2.4. Herbs
6. Global Aquaponics Consumption by Equipment (2016-2021)
6.1. Global Aquaponics Price by Equipment (2016-2021)
6.2. Global Aquaponics Revenue Market Share by Equipment (2016-2021)
6.2.1. Grow Lights
6.2.2. Fish Purge Systems
6.2.3. In-Line Water Heaters
6.2.4. Pumps and Valves
6.2.5. Aeration Systems
6.2.6. Others
7. Global Aquaponics Consumption by Application (2016-2021)
7.1. Global Aquaponics Price by Application (2016-2021)
7.2. Global Aquaponics Revenue Market Share by Application (2016-2021)
7.2.1. Commercial
7.2.2. Research centers
7.2.3. Agriculture & Farming
7.2.4. Home production
7.2.5. Others
8. Key Companies Profiled
8.1. Ultrasonics Canada Corp.
8.1.1. Ultrasonics Canada Corp. Aquaponics Corporation Information
8.1.2. Ultrasonics Canada Corp. Aquaponics Product Portfolio
8.1.3. Ultrasonics Canada Corp. Aquaponics Consumption, Price and Gross Margin (2016-2021)
8.1.4. Ultrasonics Canada Corp. Main Business and Markets Served
8.1.5. Ultrasonics Canada Corp. Recent Developments/Updates
8.2. Nutraponics Canada Corporation
8.3. Colorado Aquaponics
8.4. Aqua Allotments, Hapa Farms
8.5. Aponic Ltd.
8.6. The Aquaponik Manufaktur GmbH
8.7. Backyard Aquaponics Pty Ltd.
8.8. Nelson and Pade Inc.
8.9. Superior Fresh
8.10. ECF Farm Berlin
8.11. Ouroboros Farms
8.12. SynergyPonics
8.13. Japan Aquaponics
8.14. Practical Aquaponics
8.15. Aquaponics USA
9. Marketing Channel, Distributors and Customers
9.1. Marketing Channel
9.2. Aquaponics Distributors List
9.3. Aquaponics Customers
10. Market Dynamics
10.1. Aquaponics Industry Trends
10.2. Aquaponics Growth Drivers
10.3. Aquaponics Market Challenges
10.4. Aquaponics Market Restraints
11. Global Aquaponics Consumption and Demand Forecast, by Region (2022-2027)
11.1. Global Forecasted Demand Analysis of Aquaponics, by Regions and Country
11.1.1. North America Forecasted Consumption of Aquaponics by Country
11.1.2. Europe Market Forecasted Consumption of Aquaponics by Country
11.1.3. Asia Pacific Market Forecasted Consumption of Aquaponics by Region
11.1.4. Latin America Forecasted Consumption of Aquaponics by Country
11.1.5. Middle East and Africa Forecasted Consumption of Aquaponics by Country
12. Global Aquaponics Consumption and Demand Forecast, by Component Segments (2022-2027)
12.1. Global Forecasted Consumption of Aquaponics by Component Segments(2022-2027)
12.2. Global Consumption and Price Forecast by Component Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Aquaponics by Component Segments(2022-2027)
13. Global Aquaponics Consumption and Demand Forecast, by Production Type Segments (2022-2027)
13.1. Global Forecasted Consumption of Aquaponics by Production Type Segments(2022-2027)
13.2. Global Consumption and Price Forecast by Production Type Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Aquaponics by Production Type Segments(2022-2027)
14. Global Aquaponics Consumption and Demand Forecast, by Equipment Segments (2022-2027)
14.1. Global Forecasted Consumption of Aquaponics by Equipment Segments(2022-2027)
14.2. Global Consumption and Price Forecast by Equipment Segments (2022-2027)
14.3. Global Forecasted Growth Rate of Aquaponics by Equipment Segments(2022-2027)
15. Global Aquaponics Consumption and Demand Forecast, by Application Segments (2022-2027)
15.1. Global Forecasted Consumption of Aquaponics by Application Segments(2022-2027)
15.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
15.3. Global Forecasted Growth Rate of Aquaponics by Application Segments(2022-2027)
16. Research Finding and Conclusion
17. Methodology and Data Source
17.1. Methodology/Research Approach
17.1.1. Research Programs/Design
17.1.2. Market Size Estimation
17.1.3. Market Breakdown and Data Triangulation
17.2. Data Source
17.2.1. Secondary Sources
17.2.2. Primary Sources
17.3. Author List
17.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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