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Aquaponics Market worth $1.4 billion by 2025
Meticulous Research®– leading global market research company published a
research report titled “Aquaponics Market by Equipment (Grow Lights, Pumps and
Valves, Fish Purge Systems, Aeration System), Product Type (Fish, Vegetables,
Herbs, Fruit), Application (Commercial, Home Production), and Geography-Global
Forecast to 2025”.
According to this latest publication from Meticulous Research®, the global
aquaponics market is expected to grow at a CAGR of 12.8% from 2019 to reach $1.4
billion by 2025. The high growth of the aquaponics market is mainly attributed to
growing fish consumption, rising demand for organic fruits and vegetables,
improvement in urban farming methods, growing reduction in arable land areas,
and changing climatic conditions. However, high initial start-up cost and critical
management requirement are the key factors hindering the adoption of aquaponics
farming.
Browse in-depth Report on
https://www.meticulousresearch.com/product/aquaponics-market-5018/
The global aquaponics market study presents historical market data in terms of
values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by
equipment (grow lights, pumps and valves, fish purge systems, in-line water
heaters, aeration system, and other equipment), product type (fish, vegetables, herbs,
and fruits), and application (commercial, home production, and other applications).
The study also evaluates industry competitors and analyzes the market at regional
and country level.
On the basis of equipment, the grow lights segment accounted for the largest share
of this market in 2018. The large share of this segment is mainly attributed to its
rising adoption in indoor farming as it is an essential part of the indoor farming
required for plant photosynthesis. However, the fish purge system is projected to
grow at the highest CAGR during the forecast period. The fast growth of this
segment is mainly attributed to its rising use in the aquaponics systems to eliminate
feed and manipulate temperature and salinity with an objective to obtain clean and
fresh fish.
Based on product type, fish commanded the largest share of the global market in
2018. The large share of this segment is mainly due to rising global population and
growing fish demand for human consumption. In addition, due to high nutritional
profile of the fish and changing lifestyle, this segment is further projected to grow at
the highest CAGR during the forecast period.
Based on application, commercial application accounted for the largest share of this
market in 2018. However, owing to the increasing backyard production of vegetables
and fruits due to rising health awareness and increasing food prices, the home
production segment is projected to grow at the highest CAGR during the forecast
period. Moreover, rising demand for fish and growing urban farming further
supports to growth of aquaponics farming market for home production across the
globe.
This research report analyzes major geographies and provides comprehensive
analysis for North America (U.S., Canada, and Mexico), Europe (U.K., Germany,
France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan,
and RoAPAC), Latin America (Brazil, Argentina, and RoLATAM), and Middle East
& Africa. North America commanded the largest share of the global aquaponics
market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific region is
expected to grow at the highest CAGR during the forecast period. The aquaponics
market in Asia Pacific, especially in China, India, and Australia, is expected to
witness high growth during the forecast period. The growth in this market is
expected to be driven by vast growth in the population, rising demand for organic
food products, and rising disposable income. In addition, factors such as rising
urbanization, improvement in urban farming methods, growth of new diseases due
to unhygienic foods, and rising innovations in the field of agriculture are further
expected to drive the market growth in this region.
The major players operating in the global aquaponics market are Pentair Aquatic
Eco-System (U.S.), Nelson and Pade, Inc. (U.S.), Aquaponics USA (U.S.), Green Life
Aquaponics (U.S.), The Aquaponics Source (U.S.), Endless Food Systems (U.S.),
Japan Aquaponics (Japan), Stuppy, Inc. (U.S.), Symbiotic Aquaponic LLC (U.S.),
Practical Aquaponics (Australia), SynergyPonics (South Africa), The Aquaponics
Place LLC (U.S.), and AquaCal AutoPilot, Inc (U.S.) among others.
Download Free Research Report @
https://www.meticulousresearch.com/download-sample-report/cp_id=5018
Key questions answered in the reportWhich are the high growth market segments in terms of equipment, product type,
application, and region/countries?
What was the historical market for aquaponics farming across the globe?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the global
aquaponics market?
Who are the major players in the global aquaponics market?
How is the competitive landscape and who are the market leaders in the global
aquaponics market?
What are the recent developments in the global aquaponics market?
What are the different strategies adopted by the major players in the global
aquaponics market?
What are the geographical trends and high growth regions/ countries?
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