Press release
Prominent Aquaponics Market Trend for 2025: Major Companies Are Expanding The Aquaponics Market For Restaurants Through Strategic Investments
"What Are the Projected Growth and Market Size Trends for the Aquaponics Market?Recent years have seen a rapid expansion in the aquaponics market. It is projected that the market, which is worth $1.42 billion in 2024, will increase to $1.57 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. This significant growth during the historical period can be credited to factors such as environmental sustainability, urbanization increase, the consumer's preference for organic products, growing concerns over the use of chemical pesticides, and the introduction of government subsidies and incentives.
In the following years, the market size for aquaponics is projected to experience a swift growth. By 2029, it is estimated to reach $2.33 billion with a compound annual growth rate (CAGR) of 10.2%. This growth during the forecasted timeframe is due to influences such as the effects of climate change, escalating global population, supportive regulations for environmentally friendly farming methods, a shift in eating habits towards healthier alternatives, and a growing consciousness about food miles and carbon footprint. Key trends for the forecasted period encompass the expansion of aquaponic systems in commercial farming, the inception of combined aquaponics and fisheries systems, the development of tailored aquaponic systems for specific markets, incorporation of renewable energy sources in aquaponic structures, and application of blockchain technology for enhanced traceability and transparency.
What Is Driving the Growth Trajectory of the Aquaponics Market?
The aquaponics market is anticipated to grow as arable land areas dwindle. These areas, characterized by nutritious soil and favorable weather conditions, are ideally suited for crop planting. The shrinking arable lands are attributed to factors like urbanization, soil deterioration, and land being repurposed for non-agricultural objectives. Aquaponics intervenes to reduce the loss of arable land by facilitating effective crop farming in restrictive spaces, applying vertical farming methods, and merging aquaculture with hydroponics for sustainable farming practices. For example, November 2023 statistics from the Department for Environment, Food & Rural Affairs, a governmental department based in the UK, showed a 1.3% drop in total arable crop land in England from 2022 to 2023, plunging to slightly below 3.7 million hectares. Additionally, the total cereal crop land also reflected a 3.0% decline to a little less than 2.6 million hectares. Consequently, the increasing decrease in arable land areas propels the aquaponics market.
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Which Leading Companies Are Shaping the Growth of the Aquaponics Market?
Major companies operating in the aquaponics market are Hydrofarm, AquaCal, Stuppy Greenhouse, Greenlife Crop Protection Africa, AquaBioTech Group, Red Ewald, Portable Farms Aquaponics Systems, Lucky Clays Fresh, Practical Aquaponics, FUTURE FARMING, Pentair Aquatic Eco-System Inc., Aquatic Network, Nelson & Pade Aquaponics, AquaSprouts, ECF Farmsystems GmbH, Ichthys Aquaponics, Symbiotic Aquaponic LLC, The Aquaponic Source, Endless Food Systems, The Urban Farming Guys, Aponic Ltd., NutraPonics, Gothic Arch Greenhouses, FriendlyAquaponics, ECOLIFE Conservation.
What Are the Major Trends Shaping the Aquaponics Market?
Key corporations are channeling funds into enterprises operating within the aquaponics market, with a specific focus on the restaurant sector. These strategic investments provide the aquaponics market with vital capital for technological enhancements, infrastructure progress, and operational expansion, improving overall performance and market influence. For instance, in October 2023, The Circle, which originates from Italy and specializes in aquaponic agriculture, initiated an expansion plan worth $0.0022 billion. This funding aims at boosting production rates and processing, establishing an advanced technological transformation hub, and utilizing intellectual property to boost efficiency and scalability, with a core focus on sustainability. This financial backing, led by Opes Italia and initially financed by Invitalia, aids in expanding operations and promotes the growth of the aquaponics market by enhancing the supply of eco-friendly products and propelling technological progress.
What Are the Key Segments of the Aquaponics Market?
The aquaponics market covered in this report is segmented -
1) By Component: Bio Filter, Settling Basins, Fish Tanks, Soil-Free Plant Bed, Rearing Tanks, Aquaponic Produce, Other Components
2) By Equipment: Grow Lights, Pump And Valves, Water Heaters, Water Quality Testing, Fish Pump Systems, Aeration System, Other Equipments
3) By Growing Mechanism: Deep Water Culture (DWC), Nutrient Film Technique (NFT), Media Filled Grow Beds, Application Aquaponics
4) By Produce: Fish, Fruits, Vegetables, Herbs
5) By Application: Commercial, Home Production, Research And Education
Subsegments:
1) By Bio Filter: Moving Bed Biofilm Reactor (MBBR), Fluidized Bed Biofilter, Media-Based Biofilter
2) By Settling Basins: Primary Settling Basins, Secondary Settling Basins
3) By Fish Tanks: Circular Fish Tanks, Rectangular Fish Tanks, Other Types Of Fish Tanks
4) By Soil-Free Plant Bed: Media-Based Plant Beds, Nutrient Film Technique (NFT) Channels, Deep Water Culture (DWC) Beds
5) By Rearing Tanks: Freshwater Rearing Tanks, Saltwater Rearing Tanks, Hybrid (Freshwater And Saltwater) Rearing Tanks
6) By Aquaponic Produce: Vegetables And Leafy Greens, Fruits And Berries, Herbs And Spices, Other Aquaponic Produce
7) By Other Components: Pumps And Plumbing Systems, Water Quality Monitoring Equipment, Lighting Systems, CO2 Systems, Climate Control Systems
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Which Region Dominates the Aquaponics Market?
North America was the largest region in the aquaponics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aquaponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Aquaponics Global Market Report?
- Market Size Analysis: Analyze the Aquaponics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aquaponics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aquaponics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aquaponics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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