North America Aquaponics System Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Equipment, Production Type, Components, End User And Country (The USA, Canada and Rest of North America) - Industry Analysis From 2024 to 2029

Updated On: June, 2024
ID: 4103
Pages: 145

North America Aquaponics System Market Size (2024 to 2029)

The North American aquaponics system market size is expected to reach USD 459.94 million in 2024 and reach USD 836.22 billion by 2029, growing at a CAGR of 12.7% from 2024 to 2029.

Aquaponics system is the combination of aquaculture and hydroponics 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. 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 North America aquaponics market growth from last few years. However, the high cost of equipment, a limited number of skilled professionals, and a lack of awareness in rural areas are hampering the growth of the market.

SEGMENT ANALYSIS

North America Aquaponics System Market Analysis By Equipment

  • Pumps and valves
  • Water heaters
  • Grow lights
  • Fish purge systems
  • Water quality testing
  • Aeration systems and others

North America Aquaponics System Market Analysis By Production Type

  • Fish
  • Vegetables & fruits
  • Herbs and others
  • Components
  • Tanks
  • Biofilter
  • Settling basin
  • Sump
  • Hydroponics subsystem and others

North America Aquaponics System Market By End-users

  • 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

COUNTRY ANALYSIS

  • US
  • Canada
  • Rest of North America

North America has the major market share in the global aquaponics market due to the innovation in technology to enhance efficiency of aquaponics system and rise in number of aquaponic practitioners. Aquaponics is emerging as sustainable and intensive food production system in North America.

KEY PLAYERS IN THE NORTH AMERICA AQUAPONICS SYSTEM MARKET

The key players dominating the Aquaponics market are Nelson & Pade Inc., Urban Farms AG, ECF Farm Systems GmbH, Backyard Aquaponics Pty Ltd, My Aquaponics, Colorado Aquaponics, and Green Life Aquaponics.

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample