Aquaponics market Share Projected To Rise With Growing market Demand | Ouroboros Farms, Future Foods Farms

Aquaponics is a combination of aquaculture (growing of fishes) and hydroponics (growing of plants in water). In aquaponics, both these methods are combined to grow fishes and plants together. The nitrifying microorganisms present in water (rhizobacteria, fungi, micro plankton, etc.) convert the waste excreted by fishes to nitrates. These nitrates are then taken up by plants for their growth. Thus, in aquaponics, plants grow together with fishes in one integrated system.

Aquaponic plants have the potential to become a major source of food by which it can contribute to the growing demand for food. According to the report ‘Agricultural productivity and innovation’, published by Food and Agricultural Organization, 2018, agriculture will need to produce almost 50% more food, feed, and biofuel in 2050 than it did in 2012 to meet the demand of increasing population, which is expected to reach 9.7 billion in 2050.

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Market Taxonomy:

On the basis of product type, the global aquaponics market is segmented into:

Plants
Herbs
Leafy & Non-leafy vegetables
Fruits
Flowers
Ornamental Plants

Fishes
Nile Tilapia
Carp
Catfish
Perch
Cichlid
Others (Sturgeon, Ornamental fish, etc.)

Aquaponics also has the potential to become sustainable solution of fish production to meet rising demand for fish and fish products. According to the report ‘The State of World Fisheries And Aquaculture’ published by Food and Agricultural Organization (FAO) in 2018, the global apparent consumption of fish increased to around 151 million tons in 2016 from around 140 million tons in 2013, whereas world edible fish consumption in 2030 is projected to be 20% higher than that in 2016. Therefore, aquaponics has the potential to cater to increasing fish demand, which in turn is expected to boost the aquaponics market growth.

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In March 2016, Nelson and Pade, Inc. announced that the company has been recognized and awarded CNG aquaponics certification. The company is associated with CNG, which is a non-profit organization offering peer-review certification to farmers and beekeepers across the U.S. and four Canadian provinces.

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