Global Aquaponics Market By Type ( Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), Others ), By Application( Academic, Commercial, Family, Others ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The Global Aquaponics Market will grow at a 12.10% annual rate over the coming years. The market is projected to reach USD 2415.10 Mn by 2033. This market is valued at USD 770.69 Mn in 2023. This research covers the time period between 2023 and 2033. Aquaponics is well-known for its ability to enhance the natural ecosystem. It is considered an eco-friendly approach to food production. Aquaponics promotes sustainability and produces organic vegetables, while significantly reducing waste production. Aquaponics market growth is likely to benefit from the efficient and eco-friendly growing of vegetables.

The Growth Demand:

Farmers are expected to streamline the process by integrating technology into existing aquaponics systems. This is likely to increase production and reduce cultivation time. Recent research, for example, focused on the development and implementation of an IoT-based aquaponics monitoring platform.

The research resulted in the development of an aquaponics monitoring platform that could accurately monitor the entire system’s pH levels, temperature, humidity, and water level. The monitoring system used sensors to measure various values. This information was then displayed on an LCD screen and via a web application. These values could be used to help farmers manage the aquaponics environment, which can increase production and reduce costs.

Another research along similar lines found an innovative aquaponics solution that could yield superior quality vegetables and large numbers. The system’s ability to boost production rate, and yield, shorten cultivation times and increase the amount of time required to cultivate the plants, all contributed to another similar research. It is anticipated that aquaponics will grow rapidly through the use of innovation.

Aquaponics Market Scope:

Type, the market is segmented into Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), and Others. By Application, the market is divided into Academic, Commercial, Family, and Others.

Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America and the Middle East, and Africa. Major players profiled in the report include Nelson and Pade, Aquaponic Source, Backyard Aquaponics, Aquaponics USA, PentairAES, Gothic Arch Greenhouses, Stuppy, ECF Farm Systems, Urban Farmers, PFAS, EcoGro, Aquaponic Lynx.

Key Market Segments:

Type

Media Filled Growbeds (MFG)
Nutrient Film Technique (NFT)
Deep Water Culture (DWC)

Application

Academic
Commercial
Family

Key Market Players included in the report:

Nelson and Pade
Aquaponic Source
Backyard Aquaponics
Aquaponics USA
PentairAES
Gothic Arch Greenhouses
Stuppy
ECF Farm Systems
Urban Farmers
PFAS
EcoGro
Aquaponic Lynx

Drivers:

The primary driver of the business is its ability, with fewer inputs than traditional farming methods and aquaculture methods, to increase overall production. Aquaponics increases overall output while also being economically efficient. Aquaponics allows vegetable production to be achieved in approximately 10% of the land area, and only 5% of the water volume.

Aquaponics encourages the creation of ‘Green Spaces’ offices. Businesses and companies around the world are showing that they care about sustainability by installing aquaponics systems at their offices. The benefits of aquaponics systems in the office range from education to employee health to fresh produce such as herbs for the office cafeteria. The organic farming of the workspace will give the market a major boost.

Due to the numerous benefits that it offers over traditional agricultural methods, this market is rapidly gaining ground. The fish are not able to eat the waste of fish litter which turns into nitrates or ammonia. However, it is good for their health and plant growth. This natural system can grow in a very sustainable way as there is natural food available for aquaculture and plants that can support their growth and productivity.

Many cultures have adopted this method of raising fish and growing food crops. Thailand and China have rice paddies that are based on recent techniques.

However, market restraint is also present due to the relatively high cost of aquaponics equipment. A major obstacle to emerging economies is the high cost of investment in technological system installations.

Market Trends:

Farmers are expected to be able to integrate new technologies into their aquaponics systems in order to improve productivity and reduce the time it takes to grow crops. A monitoring system for aquaponics was created as part of the research. It monitors the temperature, humidity, temperature, water level, and pH values. The system measured each data using special sensors. They were then presented on an LCD with a Five User License $6540 system-specific website application. The aquaponics ecosystem could be managed by farmers. These parameters may increase productivity or lower costs.

Recent Developments:

Les Nouvelles Fermes, France’s indoor farming company, raised EUR 2 million (approximately USD 2.42 million) from its first round of funding. Investors included IRDI. Credit Agricole Aquitaine. Credit Agricole Aquitaine. The company intends to build Europe’s largest aquaponic garden with the funding.

Superior Fresh, America’s largest aquaponic produce producer, has increased its greenhouse size from 6 acres down to 13 acres. It also expanded its aquaculture center from 40,000 feet to 100,000 feet.

Aerofarms partnered up with Dell Technologies to increase its technological capabilities in machine learning and networking systems. AeroFarms, through this partnership, is well-positioned for data-driven machine implementations that use data about temperature and humidity, airflow, nutrient light, water safety, and light.