Aquaponics Market 2022 Development Status, Competition Analysis, Type and Application 2032

According to recently published data from Aquaponics Market Analysis, the global demand for aquaponics increased by 8.0 percent year over year (YoY) in 2022, reaching an estimated value of USD 1.5 billion, and is projected to grow at an impressive rate of 8.3 percent to reach USD 3.3 billion by 2032.

The Aquaponic Source, Pentair Aquatic Eco-System, Inc., Practical Aquaponics, Aquaponics USA, Nelson & Pade Aquaponics, and Aquaponics are identified as major Aquaponics brands by FMI analysis.
Aquaponics, a significant innovation, is becoming more prevalent in small-scale farming. Especially during the hot, humid summer months, farmers can successfully implement aquaponics technology into a business model as a cost-cutting and revenue-generating strategy. A closed-loop water-circulation system called aquaponics combines the farming of fish and vegetables. This not only conserves a significant amount of water but also increases crop output during severe droughts.

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Due to the economic and environmental advantages of aquaponics, the industry is anticipated to grow. Due to increased urban agriculture and expansion in the organic food market, expenses in aquaponic operations, particularly on a commercially big scale, are rising because natural produce is devoid of pesticides and fertilisers.
Additionally, more aquaponics systems are being used to grow plants sustainably and organically without the use of harmful pesticides due to the growing population and preference for off-season fruits and vegetables. The aquaponic business will grow over the coming years due to rising fish consumption and the aquaponic system’s cost advantages.

Impact of Covid-19 on Global Aquaponics Market

Every industry in the planet was impacted by the coronavirus epidemic. As COVID-19 has created supply chain disruptions in agricultural and related companies, the pandemic appears to have had a considerable impact on the aquaponic industry.

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Key Companies Profiled

  • Nelson & Pade Aquaponics
  • Practical Aquaponics
  • Aquaponics USA
  • The Aquaponic Source
  • Pentair Aquatic Eco-System, Inc.

Market Segments Covered In Aquaponics Market Analysis

By Type :

  • Media Filled Growbeds (MFG)
  • Nutrient Film Technique (NFT)
  • Deep Water Culture (DWC)
  • Others

By Component :

  • Bio Filter
  • Settling Basins
  • Fish tanks
  • Soil-free plant bed
  • Rearing Tanks
  • Aquaponic Produce
  • Others

By Equipment :

  • Pumps and Valves
  • Water Heaters
  • Fish Purge Systems
  • Aeration Systems
  • Water Quality Testing
  • Others

By Applications :

  • Fish
  • Herbs
  • Fruits
  • Vegetables

By End-User :

  • Commercial
  • Home Production
  • Research

Regions :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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