Aquaponics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Aquaponics Market size will record a 12% CAGR between 2024 and 2032, on account of the strong need for eco-friendly farming methods that employ less water and produce minimal waste compared to traditional agriculture. For instance, in June 2024, Turkish food wholesaler Metro Turkiye introduced a project for cultivating sea bass and a salt-tolerant food plant salicornia in an integrated aquaponics system for the retail sector.

Innovations in aquaponics technology, including automation, sensor integration, and remote monitoring are making way for enhanced efficiency and scalability. Moreover, research institutions and educational facilities are increasingly studying as well as promoting aquaponics as a viable farming method, further contributing to the market expansion.

The aquaponics industry is segmented into component, framing technique, produce, application and region.

By produce, the industry value from the fruits segment will witness a lucrative growth rate through 2032. Aquaponics employs significantly less water than traditional soil-based farming, eliminating the need for chemical fertilizers and pesticides. Indoor and controlled environment aquaponics systems also allow year-round fruit production, regardless of external weather conditions.

With respect to application, the aquaponics market size from the home production segment will exhibit expansion between 2024 and 2032. Compact and modular aquaponics systems are designed for urban environments, allowing city dwellers to grow their food in apartments, balconies, and small backyards. Moreover, the preference for DIY aquaponics kits is expanding, making it easier for enthusiasts to set up and maintain home systems as they come with detailed instructions and all the necessary components.

Asia Pacific aquaponics industry share will expand through 2032 due to the higher consumer awareness and demand for organic and locally sourced food in the region. Rapid urbanization is driving the adoption of aquaponics in urban settings, where it offers a space-efficient solution for local food production while reducing the carbon footprint associated with transporting produce. Various governments are also providing support through subsidies, grants, and favorable policies to promote sustainable agricultural practices, adding to the regional market growth.

Product Code: 10501

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Technology providers
- 3.2.3 Distributors and retailers
- 3.2.4 End users
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Growing demand for sustainable agriculture solutions
  - 3.8.1.2 Rising interest in urban and vertical farming
  - 3.8.1.3 Expansion of organic and local food markets
  - 3.8.1.4 Support from government and research institutions
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High initial setup and maintenance costs
  - 3.8.2.2 Risk of disease affecting both fish and plants
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021-2032 ($Mn)

5.1 Key trends
5.2 System
- 5.2.1 Grow lights
- 5.2.2 Pumps and Valves
- 5.2.3 Water heaters
- 5.2.4 Aeration systems
- 5.2.5 Monitoring and Control systems
- 5.2.6 Others
5.3 Software

Chapter 6 Market Estimates and Forecast, By Framing Technique, 2021-2032 ($Mn)

6.1 Key trends
6.2 Nutrient Film Technique (NFT)
6.3 Media-Filled Growbeds
6.4 Deep Water Culture (DWC)
6.5 Others

Chapter 7 Market Estimates and Forecast, By Produce, 2021-2032 ($Mn)

7.1 Key trends
7.2 Fish
7.3 Vegetables
7.4 Fruits
7.5 Others

Chapter 8 Market Estimates and Forecast, By Application, 2021-2032 ($Mn)

8.1 Key trends
8.2 Commercial
8.3 Home production
8.4 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 ($Mn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Aponic Ltd.
10.2 AquaCal
10.3 Aquaculture of Texas, Inc.
10.4 Aquaponic Lynx LLC
10.5 Aquaponics Iberia
10.6 Aquaponics Innovations
10.7 Aquaponics USA
10.8 Bioponica
10.9 Bright Agrotech
10.10 Go Green Aquaponics
10.11 Gotham Greens
10.12 Greenlife Aquaponics
10.13 Japan Aquaponics
10.14 Nelson and Pade, Inc.
10.15 NutraPonics
10.16 Pentair Aquatic Eco-Systems, Inc.
10.17 Symbiotic Aquaponic
10.18 Synergy Aquaponics
10.19 The Aquaponic Source
10.20 Urban Farms AG