Aquaponics Market: Major Trends Reshaping the Future of the Industry

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What Will the Aquaponics Industry Market Size Be by 2025?
In recent times, the size of the aquaponics market has experienced swift growth. The market is projected to expand from $1.42 billion in 2024 to $1.57 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. Various factors have fuelled the growth during the historical period including environmental sustainability, increased urbanization, customer preference for organic produce, growing worries regarding chemical pesticide utilization, along with subsidies and incentives provided by the government.

What's the Long-Term Growth Forecast for the Aquaponics Market Size Through 2029?
Expectations are high for the aquaponics market to expand rapidly in the coming years, potentially reaching $2.33 billion in size by 2029 at a compound annual growth rate (CAGR) of 10.2%. Various factors such as the effects of climate change, rising global population, regulatory backing for sustainable farming methods, a shift towards more nutritious dietary choices, and increasing knowledge about food mileage and carbon footprint can explain the predicted growth for the forecast period. The next few years are likely to see an increase in implementing aquaponic systems in mainstream agriculture, developing combined aquaponics-fisheries systems, customising such systems for specific markets, merging renewable energy sources with aquaponic setups, and applying blockchain technology for enhanced traceability and transparency.

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What Are the Key Growth Drivers Fueling the Aquaponics Market Expansion?
Anticipated expansion of the aquaponics market is likely to be fueled by the increasing scarcity of arable land. Arable land, characterized by fertile soil and favorable environmental conditions suitable for crop cultivation, is dwindling due to factors such as urbanization, soil degradation, and repurposing of land for non-agricultural uses. Aquaponics, through its amalgamation of aquaculture and hydroponics, aids in compensating for the lack of arable land by enabling effective crop farming in confined spaces employing vertical farming tactics. In November 2023, data from the Department for Environment, Food & Rural Affairs, a UK government department, showed that the total area dedicated to arable crops in England had witnessed a 1.3% decrease from 2022 to 2023, declining to just under 3.7 million hectares. Similarly, the total area for cereal crops saw a 3.0% reduction to nearly 2.6 million hectares. Consequently, the increasing dearth of arable lands is powering the growth of the aquaponics market.

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What Are the Key Trends Driving Aquaponics Market Growth?
Prominent companies are directing funds towards businesses in the aquaponics market, aiming to grasp a larger restaurant industry market share. These strategic investments fuel the aquaponics market via funding critical to technological innovation, infrastructural enhancement, and operational expansion, consequently increasing efficiency and broadening market presence. For instance, The Circle, an Italian aquaponic farming company, rolled out a $0.0022 billion expansion scheme in October 2023. Said investment aims to bolster production, initiate a state-of-the-art technology evolution center, employ intellectual property to boost efficiency and scalability, while emphasizing sustainability. Pioneered by Opes Italia and financially backed by Invitalia earlier, this capital injection strengthens operational expansion, while facilitating the growth of the aquaponics market by improving the accessibility of eco-friendly goods and promoting technological progress.

How Is the Aquaponics Market Segmented?
The aquaponics market covered in this report is segmented -

1) By Component: Bio Filter, Settling Basins, Fish Tanks, Soil-Free Plant Bed, Rearing Tanks, Aquaponic Produce, Other Components
2) By Equipment: Grow Lights, Pump And Valves, Water Heaters, Water Quality Testing, Fish Pump Systems, Aeration System, Other Equipments
3) By Growing Mechanism: Deep Water Culture (DWC), Nutrient Film Technique (NFT), Media Filled Grow Beds, Application Aquaponics
4) By Produce: Fish, Fruits, Vegetables, Herbs
5) By Application: Commercial, Home Production, Research And Education

Subsegments:
1) By Bio Filter: Moving Bed Biofilm Reactor (MBBR), Fluidized Bed Biofilter, Media-Based Biofilter
2) By Settling Basins: Primary Settling Basins, Secondary Settling Basins
3) By Fish Tanks: Circular Fish Tanks, Rectangular Fish Tanks, Other Types Of Fish Tanks
4) By Soil-Free Plant Bed: Media-Based Plant Beds, Nutrient Film Technique (NFT) Channels, Deep Water Culture (DWC) Beds
5) By Rearing Tanks: Freshwater Rearing Tanks, Saltwater Rearing Tanks, Hybrid (Freshwater And Saltwater) Rearing Tanks
6) By Aquaponic Produce: Vegetables And Leafy Greens, Fruits And Berries, Herbs And Spices, Other Aquaponic Produce
7) By Other Components: Pumps And Plumbing Systems, Water Quality Monitoring Equipment, Lighting Systems, CO2 Systems, Climate Control Systems

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Which Companies Are Leading the Charge in Aquaponics Market Innovation?
Major companies operating in the aquaponics market are Hydrofarm, AquaCal, Stuppy Greenhouse, Greenlife Crop Protection Africa, AquaBioTech Group, Red Ewald, Portable Farms Aquaponics Systems, Lucky Clays Fresh, Practical Aquaponics, FUTURE FARMING, Pentair Aquatic Eco-System Inc., Aquatic Network, Nelson & Pade Aquaponics, AquaSprouts, ECF Farmsystems GmbH, Ichthys Aquaponics, Symbiotic Aquaponic LLC, The Aquaponic Source, Endless Food Systems, The Urban Farming Guys, Aponic Ltd., NutraPonics, Gothic Arch Greenhouses, FriendlyAquaponics, ECOLIFE Conservation.

Which Regions Are Leading the Global Aquaponics Market in Revenue?
North America was the largest region in the aquaponics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aquaponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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