Aquaponics System Market

Global Aquaponics System Market Size (2024 to 2032)

The global aquaponics system market was valued at USD 1077 million and is anticipated to reach USD 1234.67 million in 2024 from USD 3683.34 million by 2032, growing at a CAGR of 14.64% from 2024 to 2032.

An aquaponics system is a combination of aquaculture and hydroponics that work together in an ideal environment. Aquaculture is the growing of aquatic animals like fish, prawns, and other aquatic animals. Hydroponics is the cultivating of plants in water without soil. The aquaculture waste provides organic food for the plants. In return, plants naturally clean the water that goes back to fish. The third participant is microbes, which provide nutrition for the plants. The microbes convert ammonia from the fish waste into nitrites and then into nitrates which is the form of nitrogen that plants can uptake and use to grow. The result is a perfect collaboration between aquaculture and hydroponics. Aquaponics is a perfect hope for sustainable aquaculture, organic crop production, and water consumption. Basically, aquaponics and hydroponics uses the same systems, there aren’t many differences in how the system works, except for the added fish in the water tanks. Ph control is a very important part of aquaponics.

Market Drivers

Flood and drain, drip irrigation, deep culture or water-submerged roots, and nutrient film techniques are highly compatible and customizable to merge with growing fish. A few primary methods of aquaponics that are growing widely are Deep water culture, Media-based aquaponics, Nutrient Film Technique, and Vertical Aquaponics. Aquaponics are becoming famous as an efficient way to produce food and eco-friendly. Rise in population, increasing demand for organic fruits and vegetables, rise in disposable income, improvement in urban farming methods and off-season availability of fruits & vegetables, growing of new diseases due to the unhygienic food, technological advancements and new innovations in the field of agriculture, low cost in terms of lesser preparation time, rise in urbanization, lower transport & storage costs of food and higher margins of benefits are driving the aquaponics market growth from last few years. However, high-cost equipment, a limited number of skilled professionals, and a lack of awareness in rural areas are hampering the growth of the market.

REPORT COVERAGE

KEY MARKET PLAYERS

Nelson & Pade Inc., Urban Farms AG, ECF Farm systems GmbH, Backyard Aquaponics Ptv Ltd, My Aquaponics, Colorado Aquaponics, Green Life Aquaponics. Some of the market players that are dominate the global aquaponics system market.

DETAILED SEGMENTATION OF THE GLOBAL AQUAPONICS SYSTEM MARKET INCLUDED IN THIS REPORT

This research report on the global aquaponics market is segmented and sub-segmented into the following categories.

By Equipment

• Pumps and Valves
• Water heaters
• Grow lights
• Fish purge systems
• Aeration systems
• Water quality testing
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product

By Production Type                 

• Vegetables & Fruits
• Fish
• Herbs
• Y-o-Y Growth Analysis, By Production Type
• Market Attractiveness Analysis, By Production Type
• Market Share Analysis, By Production Type

By Components                           

• Rearing tanks
• Biofilter
• Settling basin
• Sump
• Hydroponics subsystem
• Y-o-Y Growth Analysis, By Components
• Market Attractiveness Analysis, By Components
• Market Share Analysis, By Components

By End-user                     

• Commercial
• Education & Research
• Household
• Community
• Y-o-Y Growth Analysis, By End User
• Market Attractiveness Analysis, By End User
• Market Share Analysis, By End User

By Region

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa