Aquaponics system market Key Players, Product and Production Information analysis and forecast – 2027

 

Market Synopsis

According to Market Research Future (MRFR), the global aquaponics market is estimated to acquire the market value of USD 1.34 billion, thriving at a CAGR of 13.4% during the forecast period from 2019 to 2024. Aquaponics is the combination of aquaculture (raising aquatic animals in tanks) and hydroponics (cultivating plants in water) in a symbiotic environment.

Benefits of aquaponics, such as; no usage of pesticides, less amount of water required, and others are projected to be vital factors driving the global aquaponics market 2020. The aquaponics method demands less space for husbandry of vegetables which is anticipated to be an essential factor steering the market. Further, increasing urbanization and industrialization have resulted in shrinkage of arable lands, which are recognized as other imperative facets for the surge in demand for aquaponics. Growing health concerns owing to consumption of pesticides ridden vegetable and the rising need to meet the agricultural demand for the increasing human populace are further predicted boost the aquaponics market.

On the contrary, high maintenance cost with the expensive price of installation is predicted to impede the market growth. However, the benefit of increased income due to hydroponics and aquaculture, along with above-stated factors, the market is likely to prosper notably.

Market Segmentation

The segment analysis of the global aquaponics market is done by components, produce, application, and equipment.

The components-based segments of the global aquaponics market are settling basins, rearing tank, bio-filters, sump tanks, and others.

The produce-based segments of the global aquaponics market are fruits & vegetables, fish, and others.

The application-based segments of the global aquaponics system market are home food products, commercial, and others.

The equipment-based segments of the global aquaponics market are grow lights, pumps and valves, water heaters, fish purge systems, water quality testing, aeration systems, and others.

Regional Analysis

Based on the region, the global aquaponics equipment market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).

As per the analysis, the global market is estimated to be dominated by North America during the forecast period due to the growing demand of organic food and adaptation of modern techniques in farming. The region is technically advanced as compared to the other regions, providing a superior position to the region. The US is estimated to make a crucial participation in developing the regional market during the review period.

Europe is estimated to acquire substantial market share during the review period owing to the increasing awareness of benefits of aquaponics. Further, the sustainable nature of aquaponics is estimated to propel the market significantly during the review period. Also, the increased concern towards the environment is likely to be other potent factor driving the aquaponics market in the forthcoming period.

The APAC region is projected to grow at the highest CAGR during the forecast period owing to the growing population demand more food. Developing countries such as India and China are estimated to make the most vital participation in expanding the regional market.

The RoW is predicted to acquire significant market share during the review period owing to the increased demand for food and the growing exposure of aquaponics method.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/aquaponics-market-2257

Key Players

The renowned players of the global aquaponics market are Colorado Aquaponics (US), Backyard Aquaponics Pty Ltd (Australia), Greenlife Aquaponics (US), Nelson & Pade Inc. (US), Urban Farms AG (Switzerland), Ichthys Aquaponics (South Africa), Red Ewald Inc. (US), Aponic Ltd (UK), ECF Farmsystems GmbH (Germany), Hapa Farms (US), My Aquaponics (South Africa), Lucky Clays Fresh (US), Pentair Aquatic Eco-Systems Inc. (US), NutraPonics Canada Corporation (Canada), and Japan Aquaponics (Japan), 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited), 

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Comments

Post a Comment

Popular posts from this blog

Food Preservatives Market Size CAGR Status, Industry Analysis, Trends, and Forecast - 2027

  Global Food Preservatives Market – Overview Food preservatives are being used extensively in the food and beverage sector, due to the characteristics they can add to edible items. Market Research Future which focuses on market reports connected to the food & beverage sector among others lately made available a report on this industry. The food preservatives sector globally has observed a continual demand during the past few years and is estimated to earn USD 3315.5 million in revenue while expanding with a CAGR of 3.80 per cent by 2023. As the food sector has evolved over the past few years, the food preservatives have been used increasingly in different applications due to innovations in the sector. The rising popularity of packaged goods and convenience products have fuelled the growth factors in this particular sector. The sector though is significantly impacted by the availability of synthetic food preservatives which are not being preferred due to the negative health
Read more

Spirulina Market Revenue will generate new Growth Opportunities by 2028| Detailed Research Report

  Market Overview Spirulina is a multicellular and filamentous blue-green microalgae. Since Spirulina is a rich source of protein, vitamins, minerals, carotenoids, and antioxidants, it is used for human consumption and to fight malnutrition. Spirulina grows in fresh water and is also grown artificially based on its nutritional value. It is further procured using various methods and is at the end it is dried and powdered. Over the few years, Spirulina has gained popularity based on its diverse application in food industry (majorly nutraceuticals) and as a potential protein supplement. Competitive Analysis This report includes a study of strategies used in the market, mergers, and acquisitions and multiple product launch by spirulina market players. It further includes product portfolios and developments of leading players, which includes Cyanotech Corporation (Hawaii) DIC Corporation (Japan) I.D. Parry (India) Limited (India) Tianjin Norland Biotech
Read more

Makeup Remover Industry Worldwide Prospects, Share, Crucial Players, Size & Forecast – 2027

  Makeup Remover Market-Overview The improved endeavors to maintain skin quality and reduce the negative effects of makeup use are estimated to benefit the makeup remover market. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. By 2024, the market is estimated to gain a CAGR of 5.37%, leading to a revenue generation of USD 2.48 billion. The fine-tuned skincare routines followed by women worldwide are estimated to heavily include the use of makeup removing products, which is estimated to create a promising momentum for the makeup remover market share in the forecast period. In addition, the launch of eco-friendly products is estimated to promote the development of the makeup remover market in the forecast period. Segmental Analysis The segmental assessment of the makeup remover market is conducted on the basis of type, category, end use, and region. The type segment of the makeup remover market consists of liquid, foam,
Read more