Aquaponics Market by Growing Systems, Equipment, Application

List of Tables

[189 Pages Report] The Aquaponics Market size was estimated at USD 1.66 billion in 2023 and expected to reach USD 1.85 billion in 2024, at a CAGR 11.64% to reach USD 3.60 billion by 2030.

Global Aquaponics Market

KEY MARKET STATISTICS
Base Year [2023]	USD 1.66 billion
Estimated Year [2024]	USD 1.85 billion
Forecast Year [2030]	USD 3.60 billion
CAGR (%)	11.64%

Aquaponics is a sustainable farming technique that combines aquaculture and hydroponics and is gaining significant traction in the market. The growing inclination toward organic food has augmented aquaponics demand, providing a viable solution to end users by providing fresh and pesticide-free produce year-round. Furthermore, consumers' interest in sustainable farming techniques, minimizing water usage, and eliminating the need for synthetic fertilizers has expanded demand for aquaponics in recent years. Despite the advantages, the high cost of setting up an aquaponics system has remained a challenge for market growth. The initial investment required for infrastructure, equipment, and operational costs is substantial, limiting the adoption of aquaponics among small-scale farmers. However, advancements in aquaponics technology innovations in automation, monitoring systems, and water filtration techniques are enhancing the efficiency and scalability of aquaponics operations. Along with these, the involvement and support of governments worldwide play a crucial role in promoting the usage of aquaponics. Many governments recognize aquaponics' potential to achieve food security and sustainability goals, where government organizations encourage farmers to adopt aquaponics systems through financial incentives, grants, and educational programs.

Regional Insights

The aquaponics market is witnessing growth and opportunities across different regions, including the Americas, EMEA, and APAC. In the Americas, there is high consumer demand for organic food products. Consumers are increasingly seeking fresh, pesticide-free produce, which has led to a surge in the popularity of aquaponics as a sustainable farming technique, contributing to the region's aquaponics market growth. In the EMEA region, increasing awareness regarding sustainable farming techniques is fueling the adoption of aquaponics. Countries across Europe actively promote sustainable agricultural practices, and aquaponics aligns well with their sustainability goals. Advancements in aquaponics technology and systems enable more efficient operations and expand regional market opportunities. Across APAC, as the population grows, there is an increasing need for sustainable and efficient food production systems. Aquaponics addresses this need by providing a method that maximizes resource utilization while minimizing environmental impact. Governments across APAC recognize aquaponics' benefits and actively promote its usage through initiatives, subsidies, and knowledge-sharing platforms.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Aquaponics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aquaponics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Aquaponics Market, highlighting leading vendors and their innovative profiles. These include Aquaculture Systems Technologies, LLC, Aquaponic Lynx LLC, Aquaponics Iberia, Aquaponics USA, AquaSprouts Inc., Back to the Roots, Backyard Aquaponics Pty Ltd., Colorado Aquaponics, ECF Farmsystems GmbH, Greenlife Aquaponics, Ichthys Aquaponics, Japan Aquaponics, Lake Orchard Aquaponics, Les Nouvelles Fermes, Metro Farm Pte Ltd., MyAquaponics PTY Ltd., MYFOOD, Neelithal Aqua Farms, Nelson and Pade, Inc., Ouroboros Farms, Pentair Aquatic Eco-Systems Inc., Ponic Greens, Portable Farms Aquaponics, Practical Aquaponics, Stuppy Greenhouse, Symbiotic Aquaponic, Tailor Made Fish Farms Pty Ltd., and The Aquaponic Source.

Market Segmentation & Coverage

This research report categorizes the Aquaponics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Growing Systems
- Media Filled Beds
  - Constant Flow
  - Ebb & Flow (Flood & Drain)
- Nutrient Film Technique
- Raft or Deep Water Culture
Equipment
- Aeration Systems
- Fish Purge Systems
- Grow Lights
- Pumps & Valves
- Water Heaters
- Water Quality Testing
Application
- Commercial
- Home Food Production
- Research
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Aquaponics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aquaponics Market?

3. What are the technology trends and regulatory frameworks in the Aquaponics Market?

4. What is the market share of the leading vendors in the Aquaponics Market?

5. Which modes and strategic moves are suitable for entering the Aquaponics Market?

Product Code: MRR-957C47F90E16

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Aquaponics Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. High consumer demand for organic food products
  - 5.1.1.2. Rising awareness regarding sustainable farming techniques
  - 5.1.1.3. Increasing consumer inclination towards indoor aquaponics systems
- 5.1.2. Restraints
  - 5.1.2.1. High cost of setup and limited suitability
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in aquaponics technology and systems
  - 5.1.3.2. Government involvement in promoting the usage of aquaponics
- 5.1.4. Challenges
  - 5.1.4.1. Concern over water circulation and water quality management
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Aquaponics Market, by Growing Systems

6.1. Introduction
6.2. Media Filled Beds
- 6.3.1. Constant Flow
- 6.3.2. Ebb & Flow (Flood & Drain)
6.3. Nutrient Film Technique
6.4. Raft or Deep Water Culture

7. Aquaponics Market, by Equipment

7.1. Introduction
7.2. Aeration Systems
7.3. Fish Purge Systems
7.4. Grow Lights
7.5. Pumps & Valves
7.6. Water Heaters
7.7. Water Quality Testing

8. Aquaponics Market, by Application

8.1. Introduction
8.2. Commercial
8.3. Home Food Production
8.4. Research

9. Americas Aquaponics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Aquaponics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Aquaponics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. CEVAS Technology Inc entered into an asset purchase agreement to acquire Aquaponics Business Segment for CAD 3.7 million
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. Aquaponics farm with rainbow trouts launches in France
- 12.3.3. Investment & Funding
  - 12.3.3.1. Springworks raises USD 22 million for fourth aquaponic greenhouse in Northeast

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Aquaculture Systems Technologies, LLC
- 13.1.2. Aquaponic Lynx LLC
- 13.1.3. Aquaponics Iberia
- 13.1.4. Aquaponics USA
- 13.1.5. AquaSprouts Inc.
- 13.1.6. Back to the Roots
- 13.1.7. Backyard Aquaponics Pty Ltd.
- 13.1.8. Colorado Aquaponics
- 13.1.9. ECF Farmsystems GmbH
- 13.1.10. Greenlife Aquaponics
- 13.1.11. Ichthys Aquaponics
- 13.1.12. Japan Aquaponics
- 13.1.13. Lake Orchard Aquaponics
- 13.1.14. Les Nouvelles Fermes
- 13.1.15. Metro Farm Pte Ltd.
- 13.1.16. MyAquaponics PTY Ltd.
- 13.1.17. MYFOOD
- 13.1.18. Neelithal Aqua Farms
- 13.1.19. Nelson and Pade, Inc.
- 13.1.20. Ouroboros Farms
- 13.1.21. Pentair Aquatic Eco-Systems Inc.
- 13.1.22. Ponic Greens
- 13.1.23. Portable Farms Aquaponics
- 13.1.24. Practical Aquaponics
- 13.1.25. Stuppy Greenhouse
- 13.1.26. Symbiotic Aquaponic
- 13.1.27. Tailor Made Fish Farms Pty Ltd.
- 13.1.28. The Aquaponic Source
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing