According to new data from Aquaponics Market Analysis, global demand for aquaponics grew by 8.0 percent year over year (YoY) in 2022, reaching USD 1.5 billion in 2022, and is predicted to expand at an annual pace of 8.3 percent to reach USD 3.3 billion by 2032.
Nelson & Pade Aquaponics, Practical Aquaponics, Aquaponics USA, The Aquaponic Source, and Pentair Aquatic Eco-System, Inc. are among the prominent Aquaponics brands identified by FMI.
Aquaponics is becoming more common in small-scale farming, which is a significant development. Farmers can use aquaponics technology as a cost-cutting and revenue-generating strategy in their business model, especially during the hot, humid summer months. Aquaponics is a closed-loop water-circulation system that combines fish farming with vegetable growing. This not only saves a lot of water but also increases agricultural output during droughts.
Aquaponics is projected to grow in popularity because of its economic and environmental advantages. Because the natural product is free of pesticides and fertilizers, aquaponic operations are becoming more expensive, particularly on a commercial scale, as urban agriculture and the organic food industry grow.
Furthermore, the growing population and growing appetite for off-seasoning fruits and vegetables are increasing the use of aquaponics systems to sustainably and naturally nourish plants without the use of dangerous pesticides. Due to the cost advantages of the aquaponic system, the business will grow in the next years as fish consumption increases.
Impact of Covid-19 on Global Aquaponics Market
The global impact of the Coronavirus epidemic was felt by every business. Covid-19 has created supply chain disruptions in agricultural and related companies, indicating that the pandemic has had a considerable impact on the aquaponics industry.
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
- Fishtanks
- 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
