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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

Format: PDF | Pages: 312 | Report ID: MRS1002


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.)

Frequently Asked Questions

The global Aquaponics market size is estimated at USD 38.6 billion in 2020, expanding at a CAGR 12.1% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
Some of the prominent players are 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, and Aquaponics USA, among others.

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