The North American aquaponics system market was valued at USD 408.12 million in 2023 and is anticipated to reach a validation of USD 459.94 million in 2024 from USD 1197.02 million by 2032, growing at a CAGR of 12.7% 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. 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 and eco-friendly way to produce food.
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.
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 a sustainable and intensive food production system in North America.
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.
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