Summary
Aquaponics refers to any system that combines conventional aquaculture (raising aquatic animals such as snails, fish, crayfish or prawns in tanks) with hydroponics (cultivating plants in water) in a symbiotic environment. In normal aquaculture, excretions from the animals being raised can accumulate in the water, increasing toxicity. In an aquaponics system, water from an aquaculture system is fed to a hydroponic system where the by-products are broken down by Nitrifying bacteria into nitrates and nitrites, which are utilized by the plants as nutrients, and the water is then recirculate back to the aquaculture system.
Aquaponics Market has been considered as a sustainable form to develop agriculture for a very long time in history, dating back to the Aztecs. While Aquaculture and Hydroponics are two different concepts, Aquaponics is a combined method of Food Sales in which both the former concepts are used to create a symbiotic ecosystem. This system was harnessed with an aim to grow plants and fish with help of nitrification using bacteria to provide the necessary nutrients. It works in a way where plants in hydroponic growth beds feed on the nutrient rich waste water from fish. Filtering beds remove fish affluent, algae, leftover fish feed and help recycle fresh water in to the fish tanks. Plants convert the carbon dioxide into oxygen, hence acting as natural water aeration systems. This form is currently making a huge comeback with many farmers, households and communities trying to implement it in their backyards or in their farms.
Modern aquaponics is technologically advanced and is an efficient and effective way of producing natural food. Fishes are reared in large tanks, and the plants are nurtured hydroponically. They are implanted in beds with a little gravel or clay, and their roots hang down into the water. The water is cycled through the system so that it collects the residual waste from the fish; then it is pumped to the plant beds, where it is cleaned naturally by the plants and can then be returned to the fish tanks.
Investments in commercial large scale aquaponics projects are increasing widely due to a booming organic food market and growing urban farming. Aquaponics market is relatively fragmented with the presence of few players at country level and lack of regional and global companies.
In regional segments, North America and Europe possess significant potential whereas Asia-Pacific and other developing markets possess growth opportunities for Aquaponics over the forecast period. The technological advancement, growing investment by key stakeholders, and increasing demand for organic products in Europe and North American Region are promoting the growth of Aquaponics Market.
Aquaponics market can be segmented by type MFG, NFT, DWC, etc. and the revenue proportion of DWC in 2016 is about 47%. MFC is the simplest form of aquaponics, NFT is not common in aquaponics industry and the price of DWC is the highest. The growth of aquaponics market is mainly due to technological advancement. The key driver of aquaponics market is that it helps in enhancing the ultimate productivity with minimum inputs than traditional agriculture and aquaculture practices. Aquaponics is an advantageous technology as it helps in improving ultimate productivity in cost effective manner.
The main players include Nelson and Pade, Backyard Aquaponics, Aquaponics USA, PentairAES, Gothic Arch Greenhouses, Stuppy, Aquaponic Source, Urban Farmers AG, PFAS, EcoGro, Aquaponic Lynx, Aquaponics Place, Endless Food Systems, Aonefarm, ECF Farm Systems, Japan Aquaponics, Evo Farm, Water Farmers and etc. The industry is not so mature recently.
The global Aquaponics market was 17.3 million US$ in 2018 and is expected to 39 million US$ by the end of 2025, growing at a CAGR of 11.5% between 2019 and 2025.
This report studies the Aquaponics market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Aquaponics in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Nelson and Pade
Aquaponic Source
Backyard Aquaponics
Aquaponics USA
PentairAES
Gothic Arch Greenhouses
Stuppy
ECF Farm Systems
Urban Farmers
PFAS
EcoGro
Aquaponic Lynx
Aquaponics Place
Endless Food Systems
Aonefarm
Japan Aquaponics
Evo Farm
Water Farmers
By the product type, the market is primarily split into
Media Filled Growbeds (MFG)
Nutrient Film Technique (NFT)
Deep Water Culture (DWC)
Others
By the end users/application, this report covers the following segments
Academic
Commercial
Family
Others
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Aquaponics market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Aquaponics market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Aquaponics manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Aquaponics with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Aquaponics submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Aquaponics are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Aquaponics market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries
Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Aquaponics market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.