Aquaponics Market is fastest-growing in food industry by 2017 - 2022

Aquaponics is a unique system developed by the combination of aquaculture (raising aquatic animals) and hydroponics (cultivating plants in water). It is the most efficient and effective way of producing natural food. Normally in aquaculture, the excretion from the aquatic animals increases the toxicity of the water. In aquaponics, the waste water from aquaculture is used in hydroponics wherein the animal waste in the water acts as nutrients for the vegetables to grow. The nitrifying bacteria breaks down the nitrogen into nitrates and ammonia which the plants use as nutrients. Once this process is completed and the waste is consumed by the plants, the water is circulated back for aquaculture system. Like any other farming technique, the aquaponics system varies in size and complexity based on the types of foods grown This report studies the current and future aspects of aquaponics market.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the aquaponics market. The scope of this report covers the aquaponics market by its major segments, which include the types, applications, and the major geographic regions.

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The aquaponics market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the aquaponics market. The region is expected to continue growing at the same pace during the forecasted period because of advancement in technology and innovation in farming techniques. Key market players in this region are investing heavily into developing the farming techniques further, increasing the scope for growth of aquaponics market. Next in line is the Europe region, which is witnessing a fast-pace growth due to rise in demand for organic food among consumers. Overall the aquaponics market shall continue growing at a steady pace during the forecasted period.

MARKET SEGMENTATION

This report analyzes the aquaponics market by the following segments:

Aquaponics Market, by Component

1. Hydroponics Subsystem
2. Rearing Tanks
3. Settling Basin
4. Biofilter
5. Sump
6. Consumables
7. Others

Aquaponics Market, by Equipment

1. HVAC
2. LED Grow Light
3. Communication Technology
4. Irrigation Systems
5. Material Handling
6. Control Systems
7. Fish Purge Systems
8. Aeration Systems
9. Others

Aquaponics Market, by Produce

1. Fish
2. Fruits & Vegetables
3. Herbs
4. Others

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