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Modern aquaponics is technologically advanced and is an efficient and effective way of making natural food. Fishes are reared in large tanks, and plants are cultivated hydroponically. They are implanted in beds with a little gravel or clay, and their roots hang down into the water. The water is cycled through the system so that it collects the residual waste from the fish; then it is pumped to the plant beds, where it is gutted naturally by the plants and can then be returned to the fish tanks.Investments in commercially large scale aquaponics projects are growing due to booming organic and natural food market and increasing urban farming techniques. Aquaponics market is relatively fragmented with the presence of few players at country level and lack of regional and global companies.
Aquaponics Market Segmentation
Aquaponics market can be segmented by components, equipment, end users, produce, and regions. By components, aquaponics market is segmented into rearing tanks, settling basin, sump, biofilter, and hydroponics. Furthermore, by equipment, the aquaponics market is segmented into grow lights, water heaters, pumps and valves, and aeration systems. By produce, aquaponics market is segmented into fish, fruits and vegetables, and herb. Aquaponics market is further segmented by region into Latin America, North America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and Middle East and Africa. In regional segments, North America and Europe possess significant potential whereas Asia Pacific, and other developing markets, such as Latin America and MEA, possess growth opportunities for Aquaponics over the forecast period. Technological advancement, growing investment for natural produce, and increasing demand for organic products in Europe and North American region are promoting the growth of Aquaponics Market.
Aquaponics Global Market Trends and Market Drivers:
The growth of aquaponics market is mainly due to technological advancement. The key driver of aquaponics market is that it helps in enhancing the ultimate productivity with minimum inputs than traditional agriculture and aquaculture practices. Aquaponics is an advantageous technology as it helps in improving ultimate productivity in a cost effective manner. The productivity from aquaponics can be achieved in approximately 10% of the land area and 5% of the water volume required for producing vegetable production. Aquaponics is unified for the highly well-organized use of existing space or distinct applications like intensive urban gardening. Aquaponics helps in accelerating time for crop production. For example, butterhead lettuce varieties can be grown in about 30 days, instead of the typical 60-day growing period needed for conventional production. Production can occur year-round under a greenhouse or in a temperature-controlled enclosure. This allows producers to market fresh produce during seasons when trucked-in produce is at its highest seasonal prices.
The other important factor that drives the aquaponics market is the diversification of income streams. Aquaponics helps in the production of herbs with the high market, vegetables, and leafy greens, as well as fish, crayfish, worms and mushrooms. These systems allow agriculture to take significant innovative steps towards environmental sustainability. Since they are mostly-closed-loop systems, nutrient effluent leaving the facility is virtually non-existent. Additionally, fish, plant and other waste solids may be captured and converted into value-added fertilizer products for wholesale or retail sale.
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The market also faces restraint that is closely tied to the relatively high price of initial system setup of aquaponics. The high cost of investment for technological system installation is a major hindrance in emerging economies.
Aquaponics Market Key Players:
Some of the key market player in aquaponics market includes Aquaponic Lynx LLC, Greenlife Aquaponics, Aqua Allotments, Backyard Aquaponics Pty Ltd, The Aquaponic Source, UrbanFarmers AG, ECF Farmsystems GmbH, Nelson and Pade Inc., My Aquaponics, and Ultrasonics Canada Corporation
Key Data Points Covered in Aquaponics Market
Some of the key data points covered in our Aquaponics include:
- An overview of the Aquaponics market, including background and evolution
- Macroeconomic factors affecting the Aquaponics market and its potential
- Market dynamics, such as drivers, challenges, and trends in Aquaponics market
- Detailed value chain analysis of the Aquaponics market
- The cost structure of the products and segments covered in the study of Aquaponics market
- In-depth pricing analysis, by key product segments, regions and by major market participants in Aquaponics market
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants in Aquaponics market
- Competitive landscape of the market, including detailed profiles of the top players in Aquaponics market
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