How Has the Aquaponics Market Size Evolved in Recent Years?
The aquaponics market has seen considerable growth due to a variety of factors.
• The aquaponics market has grown rapidly in recent years. It is expected to increase from $1.42 billion in 2024 to $1.57 billion in 2025, at a compound annual growth rate (CAGR) of 10.6%.
The growth is driven by environmental sustainability, increasing urbanization, the rising demand for organic produce, concerns about chemical pesticide use, and government subsidies and incentives.
What Are The Predictions for The Aquaponics Market in the Coming Years?
The aquaponics market is expected to maintain its strong growth trajectory in upcoming years.
• The aquaponics market is projected to see rapid growth, reaching $2.33 billion by 2029 with a CAGR of 10.2%.
Growth factors include the impact of climate change, rising global population, regulatory support for sustainable farming, the shift toward healthier diets, and growing awareness of food miles and carbon footprint. Trends include the expansion of aquaponics in commercial agriculture, integration of renewable energy sources, blockchain for traceability, and the development of aquaponics-fisheries systems.
Which Drivers Are Accelerating Growth In The Aquaponics Market?
The decline in arable land areas is projected to drive the growth of the aquaponics market. Arable land is shrinking due to urbanization, soil degradation, and land conversion. Aquaponics, which integrates aquaculture with hydroponics, enables efficient crop cultivation in limited spaces. For example, in November 2023, it was reported that the total area of arable crops in England decreased by 1.3% in 2023. The reduction in arable land is thus promoting the growth of the aquaponics market.
What Are The Core Segments Of The Global Aquaponics Market?
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
Subsegments:
1) By Bio Filter: Moving Bed Biofilm Reactor (MBBR), Fluidized Bed Biofilter, Media-Based Biofilter
2) By Settling Basins: Primary Settling Basins, Secondary Settling Basins
3) By Fish Tanks: Circular Fish Tanks, Rectangular Fish Tanks, Other Types Of Fish Tanks
4) By Soil-Free Plant Bed: Media-Based Plant Beds, Nutrient Film Technique (NFT) Channels, Deep Water Culture (DWC) Beds
5) By Rearing Tanks: Freshwater Rearing Tanks, Saltwater Rearing Tanks, Hybrid (Freshwater And Saltwater) Rearing Tanks
6) By Aquaponic Produce: Vegetables And Leafy Greens, Fruits And Berries, Herbs And Spices, Other Aquaponic Produce
7) By Other Components: Pumps And Plumbing Systems, Water Quality Monitoring Equipment, Lighting Systems, CO2 Systems, Climate Control Systems
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How Are Emerging Trends Reshaping The Dynamics Of The Aquaponics Market?
Companies in the aquaponics market are making strategic investments to expand operations, especially targeting the restaurant industry. These investments help develop technology, infrastructure, and scalability, enhancing efficiency and market reach. For instance, in October 2023, The Circle, an Italy-based aquaponic agricultural company, announced a $0.0022 billion investment plan to expand production and processing capabilities. This investment will fund the creation of a technological transformation center, improve sustainability, and drive growth in the aquaponics market by increasing product availability and advancing technological innovations.
Who Are the Key Players In The Aquaponics Market?
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.
What Are The Regional Insights Into The Aquaponics Market?
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.
