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Aquaponics Market Estimated To Reach USD 906.9 Million By 2021

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Aquaponics Market Estimated To Reach USD 906.9 Million By 2021

September 12
21:48 2016

Investments in commercial large scale aquaponics projects are increasing predominantly due to flourishing organic food market and strengthening urban farming.
Increasing scale of investments and production propels the market for aquaponic systems. Market Estimated To Reach $906.9 Million By 2021.

According to the market research report “Aquaponics Market– By Equipment (Grow Lights, Pumps & Valves, Water heaters, Aeration Systems) Component (Rearing Tanks, Settling Basins, Sump, Biofilter, Hydroponics) Produce (Fish, Vegetables & Fruits, Herbs) End User (Commercial, Home, Community) -Forecast(2016–2021)” is published by IndustryARC, global aquaponics market to reach $ 906.9 million by 2021.

Browse 21 Market Tables, 75 Figures spread through 174 Pages and an in-depth TOC on “Global Aquaponics Market”

Aquaponics refers to a symbiotic integration of aquaculture, or the raising of fish and hydroponics, or the growth of plants in a water-based system. This creates a highly sustainable natural system as no harsh chemicals are used to produce food. This report provides the detailed analysis of the components, equipment, produce as well as end-users related to aquaponics.

Aquaponic systems provide year-round crop production under a greenhouse. As the water used in aquaponic systems contain fish waste, it becomes nutrient-rich which in turn accelerates the crop production time. Costs related to soil based gardening problems are reduced when using an aquaponic system. Reduced preparation time and transport & storage costs of food are also the major benefits of aquaponics systems. Rising consumption of organic foods especially in the developed nations provides necessary impetus to the aquaponics market growth. Driven by the aforementioned features of aquaponics, investments for establishing medium to large scale projects as well as funds to upgrade the existing systems is increasing over time propelling the demand for equipment and components.

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In aquaponics market, pumps and valves have emerged as the largest revenue generating equipment segment. On the other hand, market for components such as biofilters and consumables including feed, seeds have the high growth potential.

Major equipment of aquaponic systems include:

  • Grow Lights
  • Pumps & Valves
  • Water heaters
  • Aeration Systems
  • Monitoring and Alarms
  • Others

North America is the dominant market for aquaponic produce and is estimated to reach $289.1 Million by 2021, growing at a CAGR of 15.3% during 2016-2021. The number of practitioners is highly concentrated in U.S. Growing organic food demand in emerging economies like India and China strengthens the market growth in APAC region. Market for herbs, biomass & flowers is set to grow faster as compared to relatively well penetrated segments fruits, fish and vegetables.

Various produces of aquaponics included in the market study are:

  • Fish
  • Herbs
  • Vegetables & Fruits
  • Flowers and Biomass

The global aquaponics market report provides detailed analysis of the different components, produce type, equipment and end-users of aquaponics systems. The overall market is also presented from the perspective of different geographic regions and key countries in each region. 

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Sanjay Matthews
Email: Send Email
Phone: 1-614-588-8538 (Ext: 101)
Country: United States

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