Global Aquaponics Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Aquaponic Lynx LLC and Nelson & Pade Aquaponics are key players.

Global Aquaponics Market is expected to grow at a CAGR of 5.74% to reach a market size worth US$934.508 million by 2027.

The prime factors propelling the growth of the Global Aquaponics Market are:

• There is an upsurge in demand for organic produce and a rising preference for off-season fruits and veggies.
• Increased income due to rising activity.
• Shrinkage of arable lands owing to rapid urbanization and industrialization.

As per the report, the Aquaponics Market is expected to grow steadily over the forecast period.

In delivering nutrient-rich aquaculture water to hydroponically grown plants, where nitrifying bacteria convert ammonia to nitrates, aquaponics produces food. Aquaculture is the practice of rearing aquatic creatures in tanks. The quantity, complexity, and varieties of food cultivated in an aquaponic system can vary just as much as any other system found in a different agricultural area because all aquaponic systems are built on modern hydroponic and aquaculture farming techniques.

Aquaponics is a way of growing veggies and fish in the same tank without using soil. In aquaponics, nitrifying bacteria transform fish waste products from protein metabolism, such as ammonia (NH3), into nitrate (NO3-), which plants use for growth. Plants enhance the water quality for fish by collecting nitrogenous and mineral pollutants, acting as a water filtering mechanism.

Fish waste is the primary source of nourishment for plants in aquaponic systems, free of synthetic fertilizers and crop protection chemicals. As a result, the market for aquaponic system suppliers and newly established aquaponic farms has tremendous potential.

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The global aquaponics market has been categorized based on types, component, equipment, application, end-user, and geography.

• Based on types, the classification has been done into Media Filled Growbeds (MFG), Nutrient Film Technique (NFT), Deep Water Culture (DWC), and Others.

• By component, the market has been classified into Bio Filter, Settling Basins, Fish Tanks, Soil-Free Plant Bed, Rearing Tanks, Aquaponic Produce, and others. In addition, the market has been classified by equipment based on Pumps and Valves, Water Heaters, Fish Purge Systems, Aeration Systems, Water Quality Testing, and Others.

• Based on application, the classification has been done into Fish, Herbs, Fruits, and Vegetables. The demand for this market is being driven by factors including the growing worldwide population, shifting lifestyles, and rising seafood intake by people. By end-user, the market has been classified into Commercial, Home Production, and Research.

• By region, North America now accounts for the most significant market share in the global aquaponics industry because of the increasing adoption of cutting-edge agricultural innovations and the rising demand for organic food. However, due to the ongoing rise in technical improvements in the aquaponics market system, the Asia Pacific region makes up for the second-largest market share. Also, the need for farming has expanded at the national and regional levels, fueling the aquaponics market's expansion.

As a part of the report, the major players operating in the Aquaponics Market that have been covered are Aquaponic Lynx LLC, GreenLife Aquaponics, Nelson & Pade Aquaponics, The Aquaponic Source, ECF Farmsystems GmbH, MyAquaponics, Backyard Aquaponics, NutraPonics Canada Corporation, Symbiotic Aquaponic, and Endless Food Systems.

This Aquaponics Market has been analyzed into the following segments:

• By Type

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

• By Component

o Bio Filter
o Settling Basins
o Fish Tanks
o Soil-Free Plant Bed
o Rearing Tanks
o Aquaponic Produce
o Others

• By Equipment

o Pumps and Valves
o Water Heaters
o Fish Purge Systems
o Aeration Systems
o Water Quality Testing
o Others

• By Application

o Fish
o Herbs
o Fruits
o Vegetables

• By End-User

o Commercial
o Home Production
o Research

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe
• UK
• Germany
• France
• Italy
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others

Related Report:

• https://www.knowledge-sourcing.com/report/global-aquaculture-market
• https://www.knowledge-sourcing.com/report/indoor-farming-technology-market
• https://www.knowledge-sourcing.com/report/global-seed-coating-market
• https://www.knowledge-sourcing.com/report/edible-insects-market
• https://www.knowledge-sourcing.com/report/vertical-farming-market

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This release was published on openPR.