Global Aquaponics Market Forecast 2029: Size, Share, and Competitive Landscape
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How Is The Aquaponics Market Expected To Grow In Terms Of Size?
In the past few years, the size of the aquaponics market has expanded significantly. It is projected to increase from $1.42 billion in 2024 to $1.57 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.0%. The impressive growth during the historic period can be ascribed to factors like environmental sustainability, increased urbanization, consumer preference for organic crops, growing apprehensions regarding the use of chemical pesticides, along with government subsidies and incentives.
The expansion of the aquaponics market is anticipated to be robust in the forthcoming years, with its worth expected to reach $2.22 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.2%. Factors contributing to the growth during the forecast period include the effects of climate change, growing global populace, regulatory endorsements of eco-friendly farming approaches, dietary shifts towards healthier choices, and heightened cognizance of food miles and carbon footprint. Key trends predicted for the forecast period encompass the enlargement of aquaponic systems in commercial farming, the evolution of integrated aquaponics-fisheries systems, tailoring of aquaponic systems to cater to niche markets, incorporation of sustainable energy sources in aquaponic set-ups, and the application of blockchain technology for correctness and candor.
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What Market Forces Are Contributing To The Growth Of The Aquaponics Market?
The exponentially increasing scarcity of cultivable land is propelling the expansion of the aquaponics industry. Cultivable lands are zones of landscape that are conducive for crop growth, usually marked by rich soil and optimal environmental conditions. Urbanization, soil corrosion, and land transitioning for non-agricultural uses are causing this shrinkage in cultivable land areas. Aquaponics offers a solution by allowing effective farming of crops in restricted spaces via vertical farming methods, merging aquaculture with hydroponics to promote environmentally friendly agriculture. For example, in November 2023, data from the Department for Environment, Food & Rural Affairs, a ministerial department in the UK, revealed that the total cultivable crop area in England declined by 1.3% between 2022 and 2023 to slightly less than 3.7 million hectares. Similarly, the total cereal crop area experienced a 3.0% drop to slightly less than 2.6 million hectares. As a result, the increasing decline in cultivable land stimulates the growth of the aquaponics market.
How Is The Aquaponics Market Segmented Across Key Categories?
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
What Key Trends Are Driving Growth In The Aquaponics Market?
Notable corporations are pumping money into firms in the aquaponics market that focus on the restaurant sector. These strategic investments are beneficial for the aquaponics market as they provide necessary funds for upgrades in technology, infrastructure building, and expansion of operations which in turn increases efficiency and market penetration. For example, in October 2023, The Circle, an Italian aquaponic farming business, rolled out an expansion scheme worth $0.0022 billion. This capital infusion is set to enhance production and processing, establish a state-of-the-art technology development hub, and exploit intellectual property to amplify efficiency and scalability, with a key focus on sustainability. With Opes Italia at the helm and earlier funding from Invitalia, this investment aids the enlargement of operations and proliferates the aquaponics market growth by improving the supply of sustainable goods and fueling technological progress.
Who Are The Major Stakeholders Operating 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.
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How Do Regional Dynamics Influence The Aquaponics Market Performance?
North America was the largest region in the aquaponics market in 2024. 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.
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