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Aquaponics Market by Equipment (Fish Purge Systems, Aerators, Sensors, In-Line Water Heaters, Pumps and Valves, Grow Lights, Others); by Components (Rearing Tank, Settling Basin, Filtration unit, Consumables, Others); by Application (Commercial, Home Food Production, Others); by Production Type (Plants, Fruits and Vegetables, Fish) - Global Future Outlook (2018-2027) Demand Analysis & Opportunity Evaluation

Published On : 07:11 AM, 31st August, 2018 REP-ID-1071 Category: FMCG & Food

Aquaponics Market Overview

Aquaponics is a combination of aquaculture and hydroponics which is done to grow fish and plants together in one integrated system. The complete process of aquaponics comprises of three steps including waste production from fish, conversion of waste into fertilizers for plants through microbes and worms, and filtration of water through plants and then supply to fish.

Aquaponics

Market Size and Forecast

Aquaponics market is expected to thrive at a notable CAGR over the forecast period. In this era, where the world is facing problems such as pollution, risk for food & water scarcity, solutions such as aquaponics are expected to witness extraordinary demand in future due to their environmental benefits. The market of aquaponics is likely to grow on the back of its advantages over traditional methods of farming such as no use of pesticide and artificial nutrient, less amount of water required, easy methods and others.

The market is segmented in five major regions including North America, Asia Pacific, Europe, Middle East & Africa and Latin America regions. Among these regions, North America and Europe grabbed lion shares of global aquaponics market in 2017 and is expected to maintain this lead over the forecast period owing to rising demand for organically grown fruits and vegetables. Further, Asia Pacific and Latin America regions are showcasing significant potential for future growth of Aquaponics market in this region. Commercial segment by applications is projected to capture major shares of market over the forecast period. Production of fish and other food products through aquaponics for business purposes is a major factor that is expected to propel the growth of market in upcoming years.

Market Segmentation

Our in-depth analysis has segmented global Aquaponics market into the following segments:

By Components

  • Rearing Tank
  • Settling Basin
  • Filtration unit
  • Consumables
  • Others

By Applications

  • Commercial
  • Home Food Production
  • Others

By Production Type

  • Plants
  • Fruits and Vegetables
    • Herbs
    • Others
  • Fish

By Equipment

  • Fish Purge Systems
  • Aerators
  • Sensors
  • In-Line Water Heaters
  • Pumps and Valves
  • Grow Lights
  • Others

By Region

Global aquaponics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, Turkey, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Malaysia Australia, New Zealand, South Korea & Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (GCC, Israel, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis

Aquaponics market size

Growth Drivers & Challenges

Aquaponics requires very less amount of land to set up in comparison to traditional farming. On an average, if traditional broad acre agricultural farmland takes up 42,000 sq. ft then the same produce could be harvested from roughly 3,000 sq. ft of greenhouse set up of aquaponics. Since, the arable land areas across the globe is continuously declining due to urbanization and industrialization, the demand for aquaponics is anticipated to rise in upcoming years.

Apart from this, with aquaponics the same type of produce could be harvested 3-12 times a year as compared to 1-3 times using traditional agriculture. This is primarily due to shorter growth cycles for aquaponics that fall within 25-110 days in comparison to 50-230 days cycle for traditional agriculture. Further, high growth yields of aquaponics are also a key factor that is likely to drive the growth of market across all regions.

The aquaponics also offers some environmental benefits as compared to traditional farming methods. Aquaponics uses 90% less water than traditional methods. This low water usage advantage of aquaponics is expected to emerge as a driving factor for the aquaponics market over the forecast period.

Apart from this, fish is one of the primary sources of protein in 17% of the world's population and their population size is drastically depleting from natural water bodies, thereby creating a demand for alternative harvest methods. Thus, increasing demand for fish across the globe is a key factor that may drive the growth of market over the forecast period.

Aquaponics is an efficient way to handle the world hunger crisis. Current world population of 7.3 billion—1 billion more than 12 years ago—is projected to grow to 8.5 billion by 2030, establishing need for greatly increased food production capacity.

world Fisheries Production

In addition to this, since 1998, food production costs have increased 57% and purchased input costs have increased 74%, but there has been no significant change in aggregate value of net farm income in the last 40 years. The aquaponics is expected to emerge as a key solution to such problems in future.

However, it could be expensive to setup the aquaponics system as the system requires pumps, tubing, and tanks/beds. In order to set up the basic backyard aquaponics system the cost could range from US$2000 to US$11000 depending on what kind of set up it is.

Key Players

  • Pentair Plc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Aquaponic Solutions
  • Nelson and Pade Inc.
  • Green Life Aquaponics
  • ECF Farmsystems GmbH
  • Colorado Aquaponics
  • Symbiotic Aquaponic.
  • living green Company
  • Aquaculture Innovations
  • Urbagrow Aquaponics

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global aquaponics market is segmented as follows:

  • By Components  Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Equipment Market Size & Y-O-Y Growth Analysis
  • By Production Type Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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