Global Aquaponics Market
Aquaponics is a sustainable method of growing food that reduces water usage and eliminates the need for synthetic fertilizers, pesticides, and herbicides. It can be used both commercially and domestically, and it is a viable alternative to traditional farming methods, particularly in urban areas where space is limited. Another advantage of aquaponics is that it can be used to grow a wide range of crops, including leafy greens, herbs, fruiting plants, and even small trees. Aquaponic systems can be scaled up or down, depending on the space available and the desired production levels. The latest analysis predicts global aquaponics market will grow from USD 1,075.0 million in 2022 to USD 2,055.2 million by 2029, achieving a CAGR of 9.7 percent, according to the latest edition of the Global Aquaponics Market Report.
This industry report offers market estimates of the global market, followed by a detailed analysis of the growing system, facility type, fish type, and region. The global market data on aquaponics can be segmented by growing system: media filled beds, nutrient film technique (NFT), raft or deep-water culture (DWC) system. In 2022, the raft system segment made up the largest share of revenue generated by the aquaponics market. Aquaponics market is further segmented by facility type: indoor vertical farms, poly or glass greenhouses, others. The poly or glass greenhouses segment was the largest contributor to the global aquaponics market in 2022. Based on fish type, the aquaponics market is segmented into: carp, catfish, ornamental fish, tilapia, trout, others. The tilapia segment is estimated to account for the largest share of the global aquaponics market. On the basis of region, the aquaponics market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the largest share of the global aquaponics market in 2022 and is anticipated to hold its share during the forecast period.
The media filled beds market is further segmented into constant flow, ebb and flow (flood and drain). Among these, the ebb and flow (flood and drain) segment was accounted for the highest revenue generator in 2022.
The global aquaponics market is highly competitive. Some of the leading companies operating in the market are Aquaponics USA, BIGH Brussels Aquaponic Farm, ECF Farm Systems GmbH, Nelson and Pade Inc., Ouroboros Farms, Pentair Aquatic Eco-System Inc. (PAES), Practical Aquaponics, Springworks Farm, Superior Fresh LLC, The Aquaponic Source, Traders Hill Farm.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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Global Aquaponics Market - Report Scope
Aquaponics USA, BIGH Brussels Aquaponic Farm, ECF Farm Systems GmbH, Nelson and Pade Inc., Ouroboros Farms, Pentair Aquatic Eco-System Inc. (PAES), Practical Aquaponics, Springworks Farm, Superior Fresh LLC, The Aquaponic Source, Traders Hill Farm
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