Market Research Future Insights
According to MRFR analysis, the global Aquaponics market is expected to register a CAGR of 13.4% from 2022 to 2030 and hold a value of over USD 2,464.29 Million by 2030.
Aquaponics is a sustainable farming system that combines aquaculture (raising fish) with hydroponics (growing plants in water). It is a closed-loop system where fish waste provides nutrients for the plants, and the plants filter the water for the fish. The global aquaponics market refers to the market for products and services related to the installation, maintenance, and operation of aquaponics systems. The COVID-19 pandemic has had a mixed impact on the aquaponics market. On the one hand, the pandemic has increased interest in sustainable food systems and local food production, which has led to increased demand for aquaponics systems. On the other hand, the pandemic has disrupted supply chains and caused logistical challenges for aquaponics suppliers and farmers.
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Key Players
Some of the market key players are Japan Aquaponics (Japan), Pentair Aquatic Eco-systems Inc. (US), NutraPonics Canada Corporation (Canada), Lucky Clays Fresh (US), Hapa Farms (US), My Aquaponics (South Africa), ECF Farmsystems GmbH (Germany), Red Ewald Inc. (US), Aponic Ltd (UK), Ichthys Aquaponics (South Africa), Nelson & Pade Inc. (US), Urban Farms AG (Switzerland), Greenlife Aquaponics (US), Colorado Aquaponics (US) and Backyard Aquaponics Pty Ltd (Australia)
Market Segmentation
The Global Aquaponics market has been segmented into Produce, Equipment, Component and application.
Based on the Produce: fruits and vegetables, fish, and others.
Based on the Equipment: aeration systems, fish purge systems, water quality testing, water heaters, grow lights, pumps and valves, and others.
Based on the Component: sump tanks, bio-filters, settling basins, rearing tanks, and others.
Based on the Application: home food products application, commercial application, and others.
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Regional Analysis
North America is the largest market for aquaponics, followed by Europe. The United States is the largest market in North America, and the market is expected to grow due to increased demand for locally grown and sustainable food products.
Europe is the second-largest market for aquaponics, and the market is expected to grow due to increased investment in sustainable agriculture and the development of innovative aquaponics systems.
Asia Pacific is an emerging market for aquaponics, and the market is expected to grow due to increasing demand for fresh produce and sustainable food production.
Latin America and the Middle East and Africa are relatively small markets for aquaponics, but they have significant potential for growth due to favorable climatic conditions and the increasing demand for sustainable food production.
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