Aquaponics Market is expected to grow at a CAGR of around 8% through 2028

The global aquaponics market is expected to grow at a CAGR of around 8% during the forecast period (2020-2025). The increasing demand for sustainable and locally produced food, driven by concerns about climate change and food security, is expected to drive the market growth. In addition, the growing trend of urban farming and the increasing awareness about the environmental and health benefits of aquaponics are also expected to fuel the market growth.

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Aquaponic techniques have gained widespread palpability among farmers, owing to aquaponics cultivation system's unique ability to produce any type of crop during any month of the year, irrespective of the season. In recent years, unpredictable weather conditions have considerably strained the global food supply chain, badly impacting the food produce. The yearlong and consistent supply of aquaponic vegetables ensures food-prices stability, irrespective of erratic climatic conditions, which as per PMR report on aquaponics market, will bring traction to aquaponics market during the study period.

PMR report on Aquaponics market opines that the numerous advantages of producing aquaponics vegetables over traditional farming production in terms of fertilizer use, land usage, water requirement, and climatic constraints, are expected to drive aquaponics market growth. The rising prevalence of food scarcity in tandem with myriad benefits of aquaponics techniques, have spurred the demand for aquaponics produce.

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Key players in the global aquaponics market include VPL Chemicals Pvt. Ltd.,ASEH Licorice MFG & Exp. Co.,Zelang Group.,Maruzen Pharmaceutical Co. Ltd.,Ransom Naturals Limited.,CEMAY,Glycyrrhiza Glabra,Licorice Kazakhstan,Monterey Bay Spice Company, Inc.,Shadian,C.E. Roeper GmbH,Grove Labs,Portable Farms Aquaponics Systems,Greenlife Aquaponics,Aquaponic Lynx LLC,Endless Food Systems,Others. These players are focusing on introducing innovative and advanced systems to meet the changing needs of consumers and to stay competitive in the market.

The vegetables segment is expected to dominate the global aquaponics market due to the high demand for fresh and locally produced vegetables. The increasing trend of plant-based diets is expected to drive the market growth in this segment.

The Asia-Pacific region is expected to dominate the global aquaponics market due to the high demand for fresh and locally produced food in the region. The increasing urbanization and rising disposable incomes in the region are expected to drive the market growth.

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In conclusion, the global aquaponics market is expected to witness significant growth in the coming years due to the increasing demand for sustainable and locally produced food, driven by concerns about climate change and food security, and the growing trend of urban farming and awareness about the environmental and health benefits of aquaponics.

Read More: https://www.prnewswire.com/news-releases/aquaponics-market-is-anticipated-to-increase-at-a-rigorous-7-4-cagr-by-produce-type-during-the-forecast-period-2018-2028---persistence-market-research-300825958.html

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