PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449383
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449383
Asia Pacific Aquaponics Market Share, Size, Trends, Industry Analysis Report, By Product (Fish, Herbs, Fruits, Vegetables, Others); By Component; By Methods; By End-User; By Country; Segment Forecast, 2024 - 2032
The Asia Pacific Aquaponics market size is expected to reach USD 301.88 Million by 2032, according to a new study by Polaris Market Research. The report "Asia Pacific Aquaponics Market Share, Size, Trends, Industry Analysis Report, By Product (Fish, Herbs, Fruits, Vegetables); By Component; By Methods; By End-User; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The Asia Pacific market for aquaponics is poised for significant growth as a result of the increasing focus on sustainable and eco-friendly methods of food production. This region is expected to experience high growth due to various reasons, such as the growing population, urbanization, and increasing awareness about the environmental impact of traditional agriculture. Additionally, the demand for locally produced food is also on the rise and the governments are supporting sustainable agricultural practices. The COVID-19 pandemic has further accelerated the interest in indoor and vertical farming methods, such as aquaponics, which can provide a reliable source of fresh food even during lockdowns or supply chain disruptions.
However, there are some obstacles that the industry must overcome, such as the high initial investment costs, shortage of skilled labor, and the need for standardized regulations across different countries in the region. Moreover, the import restrictions on foreign seeds and fertilizers are a significant challenge for the industry players.
The Asia Pacific region is experiencing a significant decline in per capita land holdings, which has led to a critical need for innovative and sustainable agricultural practices. Aquaponics, a method of growing plants and fish together in a symbiotic environment, offers a unique solution to this challenge. By utilizing water instead of soil to cultivate crops, aquaponics can significantly reduce the amount of land required for farming, making it an appealing option for small-scale farmers and urban communities. The manufacturer is actively involved in the Asia Pacific aquaponics market, recognizing the growing need for food production in the region. They have started building partnerships with local farmers and organizations to promote the use of their innovative aquaponics systems, which are designed to be efficient, scalable, and adaptable to different climates and environments.
Asia Pacific Aquaponics Market Report Highlights
In the Asia Pacific aquaponics market, the fish segment within the product category held the dominant revenue share in 2023. This was primarily due to the rising demand for innovative approaches to fish farming, as well as the increasing consumption of fish and its byproducts.
In 2023, the market was dominated by the media-filled bed segment. This segment offers the advantage of maximum exposure of roots to oxygen and nutrients, which results in faster growth rates and higher crop yields. This method is favored due to its effectiveness in facilitating the growth of plants within an aquaponic system.
In 2023, China emerged as a dominant country in the Asia-Pacific aquaponics market. This can be attributed to the country's commitment to promoting and investing in agricultural innovations, particularly in the field of aquaponics. The country's strategic approach towards agricultural innovation has yielded positive results, positioning China as a leading contender in the Asia Pacific aquaponics market.
The key market players include Aquaponic Lynx LLC, Backyard Aquaponics Pty Ltd, Chengdu Chengfei Green Environmental Technology Co., Ltd., Foshan GrowSpec BioTech Co.,Ltd., G And N Fortune Limited, Hydrofarm Holdings Group, Inc., LivinGreen, Nelson & Pade Aquaponics, Reevoo Industrial Fabric CO. Ltd., The Aquaponic Source, etc.
Polaris Market Research has segmented the Asia Pacific Aquaponics market report based on product, component, method, end-user, and country:
Asia Pacific Aquaponics, Product Outlook (Revenue - USD Million, 2019 - 2032)
- Fish
- Herbs
- Fruits
- Vegetables
- Others
Asia Pacific Aquaponics, Component Outlook (Revenue - USD Million, 2019 - 2032)
- Bio Filter
- Rearing tanks
- Settling Basins
- Hydroponics Subsystem
Asia Pacific Aquaponics, Method Outlook (Revenue - USD Million, 2019 - 2032)
- Deep Water Culture
- Nutrition Film Technique
- Media-Filled Beds
- Ebb and Flow
- Drip Irrigation
- Others
Asia Pacific Aquaponics, End-User Outlook (Revenue - USD Million, 2019 - 2032)
- Commercial
- Home Production
- Community
- Agriculture and Farming
- Education and Research
- Others
Asia Pacific Aquaponics, Country Outlook (Revenue - USD Million, 2019 - 2032)
- China
- India
- Malaysia
- Japan
- Indonesia
- South Korea
- Australia
- Rest of Asia Pacific
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Asia Pacific Aquaponics Market Insights
- 4.1. Asia Pacific Aquaponics Market - Industry Snapshot
- 4.2. Asia Pacific Aquaponics Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Continuous declining per capita land holding is creating the need for unique solutions like aquaponics
- 4.2.1.2. The growing emphasis on sustainable and environment-friendly food production methods drive market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The import restrictions on foreign seeds and fertilizers pose a challenge to the industry players
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Asia Pacific Aquaponics Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Asia Pacific Aquaponics Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Asia Pacific Aquaponics, by Product, 2018-2030 (USD Million)
- 5.3. Fish
- 5.3.1. Asia Pacific Aquaponics Market, by Fish, 2018-2030 (USD Million)
- 5.4. Herbs
- 5.4.1. Asia Pacific Aquaponics Market, by Herbs, 2018-2030 (USD Million)
- 5.5. Fruits
- 5.5.1. Asia Pacific Aquaponics Market, by Fruits, 2018-2030 (USD Million)
- 5.6. Vegetables
- 5.6.1. Asia Pacific Aquaponics Market, by Vegetables, 2018-2030 (USD Million)
- 5.7. Others
- 5.7.1. Asia Pacific Aquaponics Market, by Others, 2018-2030 (USD Million)
6. Asia Pacific Aquaponics Market, by Component
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 6.3. Bio Filter
- 6.3.1. Asia Pacific Aquaponics Market, by Bio Filter, 2018-2030 (USD Million)
- 6.4. Rearing tanks
- 6.4.1. Asia Pacific Aquaponics Market, by Rearing tanks, 2018-2030 (USD Million)
- 6.5. Settling Basins
- 6.5.1. Asia Pacific Aquaponics Market, by Settling Basins, 2018-2030 (USD Million)
- 6.6. Hydroponics Subsystem
- 6.6.1. Asia Pacific Aquaponics Market, by Hydroponics Subsystem, 2018-2030 (USD Million)
- 6.7. Others
- 6.7.1. Asia Pacific Aquaponics Market, by Others, 2018-2030 (USD Million)
7. Asia Pacific Aquaponics Market, by Method
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 7.3. Deep Water Culture
- 7.3.1. Asia Pacific Aquaponics Market, by Deep Water Culture, 2018-2030 (USD Million)
- 7.4. Media-Filled Beds
- 7.4.1. Asia Pacific Aquaponics Market, by Media-Filled Beds, 2018-2030 (USD Million)
- 7.5. EBB and Flow
- 7.5.1. Asia Pacific Aquaponics Market, by EBB and Flow, 2018-2030 (USD Million)
- 7.6. Drip Irrigation
- 7.6.1. Asia Pacific Aquaponics Market, by Drip Irrigation, 2018-2030 (USD Million)
- 7.7. Others
- 7.7.1. Asia Pacific Aquaponics Market, by Others, 2018-2030 (USD Million)
8. Europe 1,4 Butanediol (BDO) Market, by End-User
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Europe 1,4 Butanediol (BDO), by End-User, 2018-2030 (USD Million)
- 8.3. Commercial
- 8.3.1. Europe 1,4 Butanediol (BDO) Market, by Commercial, 2018-2030 (USD Million)
- 8.4. Home Production
- 8.4.1. Europe 1,4 Butanediol (BDO) Market, by Home Production, 2018-2030 (USD Million)
- 8.5. Community
- 8.5.1. Europe 1,4 Butanediol (BDO) Market, by Communityc, 2018-2030 (USD Million)
- 8.6. Agriculture and Farming
- 8.6.1. Europe 1,4 Butanediol (BDO) Market, by Agriculture and Farming, 2018-2030 (USD Million)
- 8.7. Education and Research
- 8.7.1. Europe 1,4 Butanediol (BDO) Market, by Education and Research, 2018-2030 (USD Million)
- 8.8. Others
- 8.8.1. Europe 1,4 Butanediol (BDO) Market, by Others, 2018-2030 (USD Million)
9. Asia Pacific Aquaponics Market, by Countries
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Asia Pacific Aquaponics Market Assessment, By Countries, 2018-2030 (USD Million)
- 9.2.2. Asia Pacific Aquaponics Market - China
- 9.2.2.1. China: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.2.2. China: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.2.3. China: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 9.2.3. Asia Pacific Aquaponics Market - India
- 9.2.3.1. India.: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.3.2. India.: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.3.3. India.: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 9.2.4. Asia Pacific Aquaponics Market - Malaysia
- 9.2.4.1. Malaysia: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.4.2. Malaysia: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.4.3. Malaysia: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 9.2.5. Asia Pacific Aquaponics Market - Japan
- 9.2.5.1. Japan: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.5.2. Japan: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.5.3. Japan: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 9.2.6. Asia Pacific Aquaponics Market - Indonesia
- 9.2.6.1. Indonesia: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.6.2. Indonesia: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.6.3. Indonesia: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 9.2.7. Asia Pacific Aquaponics Market - South Korea
- 9.2.7.1. South Korea: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.7.2. South Korea: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.7.3. South Korea: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 9.2.8. Asia Pacific Aquaponics Market - Australia
- 9.2.8.1. Australia: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.8.2. Australia: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.8.3. Australia: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- 9.2.9. Asia Pacific Aquaponics Market - Rest of Asia Pacific
- 9.2.9.1. Rest of Asia Pacific: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- 9.2.9.2. Rest of Asia Pacific: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- 9.2.9.3. Rest of Asia Pacific: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Aquaponic Lynx LLC
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Backyard Aquaponics Pty Ltd
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Chengdu Chengfei Green Environmental Technology Co., Ltd
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Foshan GrowSpec BioTech Co.,Ltd
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. G and N Fortune Limited
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Hydrofarm Holdings Group, Inc
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. LivinGreen
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Nelson & Pade Aquaponics
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Reevoo Industrial Fabric CO. Ltd.
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. The Aquaponic Source
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
List of Tables
- Table 1 Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 2 Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 3 Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 4 Asia Pacific Aquaponics Market, by End User, 2018-2030 (USD Million)
- Table 5 Asia Pacific Aquaponics Market Assessment, By Countries, 2018-2030 (USD Million)
- Table 6 China: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 7 China: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 8 China: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 9 India.: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 10 India.: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 11 India.: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 12 Malaysia: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 13 Malaysia: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 14 Malaysia: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 15 Japan: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 16 Japan: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 17 Japan: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 18 Indonesia: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 19 Indonesia: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 20 Indonesia: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 21 China: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 22 China: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 23 China: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 24 South Korea: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 25 South Korea: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 26 South Korea: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 27 Australia: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 28 Australia: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 29 Australia: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 30 Rest of Asia Pacific: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 31 Rest of Asia Pacific: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 32 Rest of Asia Pacific: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
- Table 33 Austria: Asia Pacific Aquaponics Market, by Component, 2018-2030 (USD Million)
- Table 34 Austria: Asia Pacific Aquaponics Market, by Product, 2018-2030 (USD Million)
- Table 35 Austria: Asia Pacific Aquaponics Market, by Method, 2018-2030 (USD Million)
List of Figures
- Figure 1 Asia Pacific Aquaponics Market, 2018-2030 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Component
- Figure 7 Asia Pacific Aquaponics Market, by Component, 2021 & 2030 (USD Million)
- Figure 8 Market by Product
- Figure 9 Asia Pacific Aquaponics Market, by Product, 2021 & 2030 (USD Million)
- Figure 10 Market by Method
- Figure 11 Asia Pacific Aquaponics Market, by Method, 2021 & 2030 (USD Million)
- Figure 10 Market by End User
- Figure 11 Asia Pacific Aquaponics Market, by Method, 2021 & 2030 (USD Million)
- Figure 12 Asia Pacific Aquaponics Market Assessment, By Countries, 2018-2030 (USD Million)
- Figure 13 Strategic Analysis - Asia Pacific Aquaponics Market
