Aquaponics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Aquaponics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : September, 2021 | Food and Beverages

Report Digest


Global Aquaponics Market - Overview

Aquaponics is a combination of hydroponics and orthodox aquaculture in a symbiotic environment. In this setting, the excretions from the aquatic-animals like prawns, crayfish, fish, and snails are acquired using a hydronic system which acts like a settling basin. These by-products then break down as nitrites and nitrates. They are further utilized by the plants as nutrients, thus, filtering the water for aquaculture making it a beneficial process for both the plants as well as the organisms. The growing consumer preference towards organic commodities consumption owing to the rise of health conscious consumers is also profiting the global aquaponics market.

Global Aquaponics Market - Competitive Landscape

The global aquaponics market features a fragmented landscape owing to the strong presence of several key players in the market. These leading companies in the global market are constantly focusing on enhancing the efficiency of products by offering classes, seminars, and aquaponics green house tours. These educational practices are working in favor of the development of the global market and are also being utilized as a free marketing tool. The existing market players are deploying various strategies and advanced techniques to divert potential traffic towards being market participants.

Some of the leading companies in the global aquaponics market include names such as Backyard Aquaponics, Aqua Allotments, Aquaponic Lynx LLC, ECF Farmsystems GMBH, Greenlife Aquaponics, My Aquaponics, Nelson and Pade, Inc, The Aquaponic Source, and Nutraponics Canada Corporation among others.

Global Aquaponics Market - Drivers and Restraints

The shrinking of arable lands owing to rapid urbanization and industrialization is increasing the salability for aquaponics as it requires least aquatic space for husbandry of vegetables. As a result aquaponics is gaining popularity, which is fueling the advancement of the global aquaponics market. The fish waste acts as natural fertilizer for the vegetables that grow inside the water solvent. As a result, the organic produce acquired is free from any pesticides or fertilizers and even curbs the expenses for fertilizers. According to a USA based company known as Nelson and Pade, aquaponics produces eight times more food per acre in 1/6th of the space required by traditional agriculture. The lack of agricultural machinery, expensive equipment, and fertilizers for the whole process of aquaponics offer environment sustainability as well as economic efficiency. These characteristics are boosting the progress of the global aquaponics market.

Global Aquaponics Market - Geographical Outlook

The global aquaponics market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global aquaponics market is being dominated by the regional segment of North America. The growing uptake in the region is significantly contributing to the growth of the global aquaponics market. Factors such as the minimal aquatic space required for farming vegetables, herbs, fruits, and the produce being free of pesticides as well as herbicides, is propelling the further progress of the global aquaponics market.

Market Segmentation is as follows:

By Cultivation (2016-2026; US$ Mn)

  • Fishes
  • Herbs
  • Fruits
  • Vegetable Plants

By Applications (2016-2026; US$ Mn)

  • Commercial
  • Community
  • Home Production
  • Research Centers
  • Agriculture & Farming

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?