Global Aquaponics Market

Aquaponics Market Size, Share, Growth Analysis, By System Type(Media-based Aquaponics Systems, Nutrient Film Technique (NFT) Aquaponics Systems, Deep Water Culture (DWC) Aquaponics Systems, and Others), By Application(Indoor Aquaponics, and Outdoor Aquaponics), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30H2109 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 63 | Figures: 75

Aquaponics Market News

  • . In March 2023, UP Vertical Farms introduced innovative solutions to address the challenges faced by traditional farming methods. The company launched a high-density contactless vertical farm, aiming to become the most sustainable vertical farm by 2023.
  • In October 2022, AeroFarms made the strategic decision to expand its operations nationwide, extending beyond the Northeast region, to cater to the growing demand for specialty vegetables. The company achieved a significant milestone by becoming the first indoor farming company to join the Whole Foods Market Global Planogram, gaining access to a wider market for its all-natural food products.
  • In October 2022, Singrow, an Agtech company based in Singapore, introduced Bloom, a consumer concept brand with plans for expansion in Asia and beyond, Singrow aims to extend its firm partner presence beyond China, Singapore, and Indonesia to include Thailand, the Philippines, Hong Kong, and the Middle East.
  • In December 2021, Dream Harvest Farming Company, a Houston-based vertical farming company, secured USD 50 million in funding from Orion Energy Partners. The funding infusion is intended to support the company's production scale-up and the construction of a 100,000 sq. ft indoor vertical farming facility. Dream Harvest aims to expand its operations, serve additional retailers, and contribute to the growth of the vertical farming industry.
  • In April 2021, Les Nouvelles Fermes, a France-based indoor farming company, successfully raised EUR 2 million (approximately USD 2.4 million) in its first round of funding. The investors, including IRDI, the Banque des Territoires, Crédit Agricole Aquitaine, and the CIC, recognized the company's potential and supported its vision. With the funding, Les Nouvelles Fermes plans to establish the largest aquaponic farm in Europe, showcasing its commitment to sustainable agriculture practices and innovative farming techniques.
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Aquaponics Market size was valued at USD 1.61 Billion in 2023 and is poised to grow from USD 1.87 Billion in 2024 to USD 6.14 Billion by 2032, growing at a CAGR of 16% during the forecast period (2025-2032).

The global aquaponics market is witnessing increasing competition as the demand for sustainable agricultural practices continues to rise. The market landscape comprises a mix of established players, emerging startups, and technology providers aiming to capitalize on the growing interest in aquaponics. These companies have a proven track record in commercial-scale aquaponics operations, supplying fresh produce and fish to a wide range of consumers. They often invest in research and development, continuously improving system efficiency and exploring new plant and fish species suitable for aquaponics. Moreover, they focus on expanding their geographical reach through strategic partnerships, acquisitions, and collaborations with local stakeholders. 'Nelson and Pade, Inc. (US)', 'Pentair Aquatic Eco-Systems, Inc. (US)', 'Aquaponics USA (US)', 'Green Life Aquaponics (US)', 'Japan Aquaponics (Japan)', 'Aquaponic Lynx LLC (US)', 'Backyard Aquaponics Pty Ltd (Australia)', 'The Aquaponic Source (US)', 'ECF Aquaponics Farm (Malaysia)', 'Earth Solutions (US)', 'Future Farms (Australia)', 'Aquaponics Africa (South Africa)', 'The Aquaponics Place LLC (US)', 'Aquaponic Farming Italia (Italy)', 'My Aquaponics (South Africa)', 'Fishy Plants (US)', 'Aquaponics No Ka 'Oi (US)', 'Aponic Ltd (United Kingdom)', 'AquaSprouts (US)', 'Bright Agrotech (US)'

Aquaponics systems offer favorable growing conditions for plants, leading to increased crop yields in comparison to traditional farming techniques. Utilizing controlled environments like greenhouses, aquaponics enables year-round production regardless of external climate variations. This advantage optimizes productivity and guarantees a steady availability of fresh produce, even during off-seasons.

Environment-friendly Nature: Aquaponics offers a unique advantage in the agricultural industry as it enables the production of organic crops without the use of chemical fertilizers or crop protection chemicals. This environmentally-friendly method utilizes fish waste as a natural nutrient source for plants, creating a symbiotic relationship between aquaculture and hydroponics. As a result, the demand for organically grown crops presents a significant opportunity for emerging aquaponic farms and system providers. Recognizing the potential of aquaponic farming within the organic produce industry, the European-funded COST Action FA1305, known as "The European Union Aquaponics Hub-Realising Sustainable Integrated Fish and Vegetable Production for the EU," played a significant role in fostering collaboration between researchers and private entities. This initiative aimed to strengthen the network and knowledge exchange in the field of aquaponics. Consequently, the increasing demand for organically grown crops is expected to be a major driver for the global aquaponics industry throughout the forecast period. The environmentally-friendly nature of aquaponics, coupled with the rising consumer preference for organic produce, positions aquaponic farming as a sustainable solution for meeting the demand for organic fruits and vegetables.

In terms of the most dominant region in the global aquaponics market, North America takes the lead. The region has witnessed widespread adoption of aquaponics systems, primarily due to several favorable factors. First, North America has a strong focus on sustainable farming practices and the production of organic food. Aquaponics, with its integration of aquaculture and hydroponics, offers a sustainable and efficient method of food production. Additionally, the region has advanced technological capabilities and a supportive regulatory environment, which further boosts the growth of the aquaponics market. The presence of key market players and innovative start-ups in North America also contributes to its dominance in the global aquaponics market.

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Global Aquaponics Market

Report ID: SQMIG30H2109

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