Aquaponics Market Dynamics
Drivers
With the depleting freshwater and phosphorous reserves, along with the rising need for sustainable food production, the aquaponics market growth has garnered pace over the years. In addition, the increasing environmental concerns have created a shift toward the adoption of aquaponic systems. This can be ascribed to the usage of no artificial nutrients, pesticides, and insecticides on plants, along with a less requirement for water, thereby offering numerous environmental benefits. Moreover, aquaponics uses nearly 90% less water than traditional farming since water and nutrients are recycled in a closed-loop fashion which helps in a high-volume water conservation.
Opportunities
The increasing focus on the adoption of sustainable agricultural systems, along with the rise in concerns owing to the limited water resources, makes developing nations, such as China, Indonesia, India, and Thailand, high-potential markets in the coming years. In addition, with the increasing demand for organic yield, the aquaponics market is predicted to offer immense growth opportunities during the forecast period.
Aquaponics Market Competitive Landscape
Some of the players in the global aquaponics market are
• Ultrasonics Canada Corporation
• Aquaponic Lynx LLC
• Backyard Aquaponics Pty Ltd
• ECF Farmsystems Gmbh
• Nelson & Pade Inc.
• Urban Farms AG
• Greenlife Aquaponics
• The Aquaponic Source
• My Aquaponics
• Colorado Aquaponics
The report will also provide a country-wise analysis. Some of the major countries that are covered in the report are the U.S., Canada, France, Germany, the U.K., Italy, China, Japan, India, South Korea, Brazil, Argentina, Saudi Arabia, and South Africa.
Segmentation of the Global Aquaponics Market
The report offers the size of the global aquaponics market for the period 2014–2030.
Market Segmentation by System
Market Segmentation by Plant
Market Segmentation by Fish
Tilapia
Bluegill
Sunfish
Crappie
Koi
Goldfish
Pacu
Others
Market Segmentation by Geography
North America Aquaponics Market
By system
By plant
By fish
By country – U.S. and Canada
Europe Aquaponics Market
By system
By plant
By fish
By country – France, Germany, U.K., Italy, and Rest of Europe
Asia-Pacific (APAC) Aquaponics market
By system
By plant
By fish
By country – China, Japan, India, South Korea, and Rest of APAC
Latin America (LATAM) Aquaponics market
By system
By plant
By fish
By country – Brazil, Argentina, and Rest of LATAM
Middle East and Africa (MEA) Aquaponics Market
By system
By plant
By fish
By country – Saudi Arabia, South Africa, and Rest of MEA