Aquaponics Market Estimated To Reach $906.9 Million By 2021
Browse 21 Market Tables, 75 Figures spread through 174 Pages and an in-depth TOC on “Aquaponics Market (2016 - 2021)”
Aquaponics refers to a symbiotic integration of aquaculture, or the raising of fish and hydroponics, or the growth of plants in a water-based system. This creates a highly sustainable natural system as no harsh chemicals are used to produce food. This report provides the detailed analysis of the components, equipment, produce as well as end-users related to aquaponics.
Aquaponic systems provide year-round crop production under a greenhouse. As the water used in aquaponic systems contain fish waste, it becomes nutrient-rich which in turn accelerates the crop production time. Costs related to soil based gardening problems are reduced when using an aquaponic system. Reduced preparation time and transport & storage costs of food are also the major benefits of aquaponics systems. Rising consumption of organic foods especially in the developed nations provides necessary impetus to the aquaponics market growth. Driven by the aforementioned features of aquaponics, investments for establishing medium to large scale projects as well as funds to upgrade the existing systems is increasing over time propelling the demand for equipment and components.
In aquaponics market, pumps and valves have emerged as the largest revenue generating equipment segment. On the other hand, market for components such as biofilters and consumables including feed, seeds have the high growth potential.
Major equipment of aquaponic systems include:
- Grow Lights
- Pumps & Valves
- Water heaters
- Aeration Systems
- Monitoring and Alarms
North America is the dominant market for aquaponic produce and is estimated to reach $289.1 Million by 2021, growing at a CAGR of 15.3% during 2016-2021. The number of practitioners is highly concentrated in U.S. Growing organic food demand in emerging economies like India and China strengthens the market growth in APAC region. Market for herbs, biomass & flowers is set to grow faster as compared to relatively well penetrated segments fruits, fish and vegetables.
Various produces of aquaponics included in the market study are:
- Vegetables & Fruits
- Flowers and Biomass
The global aquaponics market report provides detailed analysis of the different components, produce type, equipment and end-users of aquaponics systems. The overall market is also presented from the perspective of different geographic regions and key countries in each region.
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