Aquaponics Market Size, Share & Trends Analysis Report By Equipment, By Component, By Facility Type (Greenhouse, Building Based Indoor Farms), By Growing Mechanism, By Produce, By Application, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The globalaquaponics market sizewas valued atUSD 874.32 million in 2022and is expected to grow at a compound annual growth rate (CAGR) of 13.0% from 2023 to 2030. The target market includes equipment and components required to build an aquaponics system. It has tremendous growth opportunities in the coming years as the aquaponics system eliminates the use of inorganic fertilizers and pesticides. Fish provides nutrition. There is a high demand for organic fruits and vegetables, and the organic trend is expected to gain more traction in the coming years, thus supporting the growth of the target market.

The positive environmental impact of aquaponics is expected to further contribute to the growth of the target market. The water required to grow crops in these systems is 90% less than traditional farming techniques. Also, it requires 90% less area than traditional farming methods. The growing demand for food owing to the exponentially increasing global population and limitations of water and land resources is expected to significantly boost the demand for aquaponics setups. Additionally, the better quality of yield obtained with these systems will drive the demand for aquaponics agriculture produce over conventional produce.

The aquaponics sector faces several challenges, including a high cost of initial investment and maintenance. The operational costs of an aquaculture system are high as it requires regular maintenance. Moreover, the aquaponics system is unsuitable for all crops, and it’s expensive to upscale production with these systems. Moreover, the lack of a specialized skilled workforce for both managing the aquaculture systems and soilless farming techniques hampers the growth.

COVID-19 Impact

The agriculture sector and related industries across the globe were severely impacted during the COVID-19 pandemic. Strict lockdowns and border closures were announced by governments all over the world, which severely affected the global supply chains. To ensure employee safety and maintain social distancing, the manufacturing facilities were shut down entirely or operated at reduced capacity. Additionally, the shortage of labor significantly impacted the operations of the aquaponics facilities. The pandemic also made it difficult to find a market for the obtained produce.

However, the pandemic accelerated the adoption of alternative and sustainable farming techniques such as aquaponics systems. The pandemic highlighted the importance of urban and peri-urban farming to cater to the local markets and provide fresh produce. The demand for aquaponics equipment and components witnessed a rise from the hobbyists or home gardeners as many people installed the aquaponics systems at their homes as they had more disposable time owing to the lockdowns and home quarantine.

Equipment Insights

Based on equipment, the market is segmented into pumps & valves, grow lights, aeration systems, water heaters, and others. The pumps & valves segment held a revenue share of 28.43% in 2022 and is expected to grow at a CAGR of 13.1% through the forecast period. Pumps help in the transportation of water in the aquaponics systems. It also ensures oxygenation and nutrient supply in the system. Pump types used in the system include submersible pumps and inline pumps. Along with the pumps, valves are installed in the system to regulate and control the water flow in the system.

长光段预计增长the fastest CAGR of 14.2% through the forecast period. Different plants and fishes require different light conditions for healthy growth. Some thrive in dark conditions, while some require timely exposure to light for average growth. LED grow lights, induction, high-intensity discharge, and fluorescent grow lights can be used in aquaponics systems. Grow lights assist in the year-round production of plants and also ensure increased growth and yield of crops.

Component Insights

Based on component, the market is segmented into rearing tanks, bio-filters, settling basins, sump tanks, and others. The rearing tank segment dominated in 2022, with a revenue share of 24.05%. It is anticipated to grow at a CAGR of 12.5% through the forecast period. Different types of rearing tanks can be utilized in aquaponics systems. Even a small aquarium can be used for home-based units. Glass tanks, plastic tanks, Rubbermaid stock tanks, and intermediate bulk container totes are different types of rearing tanks or fish tanks.

The bio-filters segment is expected to grow at the fastest CAGR of 13.7% through the forecast period. Bio-filters in aquaponics system converts ammonia into nutrient for plants. It is made by filling a container with bio media which increases the surface area for nitrifying bacteria. Moving bed filters, static filters, and drop filters are different bio-filters used. Although bio-filters are not an absolute necessity for aquaponics, their usage improves the efficiency of these systems and are thus installed religiously.

Facility Type Insights

Based on facility type, the market is segmented into greenhouse, building-based indoor farms, and others. Among these, the greenhouse segment dominated the market in 2022, with a market share of 45.59%. It is anticipated to grow at a CAGR of 12.7% through the forecast period. Passive solar greenhouses are most suitable for aquaponics systems. All growing mechanisms, including deep water culture, nutrient film technique, media filled grow beds, and vertical aquaponics, can be accommodated in a greenhouse facility. The rearing and sump tank placements vary in a greenhouse, as sump tanks are partially buried in a greenhouse and placed below grow beds.

The building-based indoor farms segment is expected to grow at a considerable CAGR of 13.8% throughout the forecast period. Building-based indoor farms are being increasingly installed to produce crops throughout the year and in areas with unsuitable climates for plant growth, such as arid regions. Aquaponics systems are installed in urban warehouses, homes, and containers. Aquaponics systems can also be installed in an outdoor environment. However, indoor facilities are preferred over outdoor setups as the environment can be controlled and thus avoid crop damage.

Growing Mechanism Insights

Based on the growing mechanism, the market is segmented into deep water culture, nutrient film technique, media filled grow beds, and vertical aquaponics. The media filled grow beds segment dominated in 2022, with a revenue share of 37.68%. It is anticipated to grow at a CAGR of 12.9% through the forecast period. The media filled grow beds is a simple and inexpensive type of aquaponics system. The media beds support several fruit and vegetable plants with large root masses. However, this method is not space efficient and also requires a high amount of labor.

垂直aquaponics”段预计grow at a considerable CAGR of 13.7% through the forecast period. In vertical aquaponics, the grow beds are stacked above the rearing tank on one another. Plants that require less support, such as strawberries and leafy greens, are compatible with growing vertically. Vertical aquaponics is a space-efficient system and is being increasingly adopted in urban facilities. Nutrient Film Technique (NFT) is also expected to witness significant growth over the forecast period owing to its space-efficient design and low labor costs.

Produce Insights

Based on produce, the market is segmented into fish, fruits & vegetables, and others. Among these, the fish segment held the largest revenue share of 54.00% in 2022. It is anticipated to grow at a CAGR of 12.9% through the forecast period. Tilapia is one of the most commonly bred fishes in aquaponics owing to the highly adaptable nature of the fish. The fish type decides the size of the rearing tank, as some fishes require more space to thrive and grow. For example, catfish can grow up to 45lbs to 50lbs and hence require more than the 250-gallon size of the rearing tank.

水果和蔬菜段预计grow at the fastest CAGR of 13.4% through the forecast period. Tomatoes, herbs, lettuce, spinach, kale, marijuana, watercress, peppers, lettuce, squash, leafy greens, zucchini, peppers, cucumber, and eggplant are some of the commonly and successfully produced plants with aquaponics systems. Several herbs such as basil, chive, lemongrass, parsley, and fruits such as pineapple, blueberries, strawberries, and tangerine can be produced in these facilities.

Application Insights

Based on application, the market is segmented into commercial, home production, and research & education. The commercial application segment dominated in 2022, with a revenue share of 56.88%. Commercial growers widely adopt aquaculture to produce vegetables and different breeds of fish. The dual production of fish and plants obtained in aquaculture is improving its adoption among commercial growers. Several types of fish, such as tilapia, bass, trout, carp, catfish, koi, fingerlings, and different ornamental fishes, can be reared in aquaculture.

The research & education application segment is anticipated to register the fastest CAGR of 13.5% during the forecast period. Aquaponics are valuable tools for research and educational institutions in the fields of agriculture, horticulture, and plant biology. Research institutes require aquaponics systems to conduct experiments by manipulating growing conditions, temperature, humidity, light, and nutrient levels. In-house systems allow researchers to manipulate these factors and test hypotheses about the impact of different environmental conditions on plant growth, yield, and quality.

Regional Insights

North America led the overall market in 2022, with a revenue share of 31.69%. The region's growth can be attributed to the presence of several key players and the high adoption of controlled environment agriculture in North America. In addition, the rising awareness about alternative and sustainable farming techniques and increasing demand for organic food are improving the adoption of aquaponics systems. The U.S. government has implemented various indoor farming initiatives to promote sustainable agriculture, support local food systems, and reduce the environmental impact of farming.

The Asia Pacific is expected to grow at the fastest CAGR of 14.5% over the forecast period. Asia Pacific is expected to register the highest CAGR due to strong government support for sustainable farming in agricultural countries such as India, China, and Southeast Asian countries. The Indian government provides subsidies up to 50% under its various schemes, such as the National Horticulture Mission (NHM), which mainly focuses on constructing vertical farms across the country. Various state governments in the country are providing an additional 10-15% subsidies for the implementation of modern technologies in the agriculture sector.

Key Companies & Market Share Insights

The target market is a fragmented market and highly competitive in nature owing to the presence of several global and regional companies. The key players include Nelson and Pade Aquaponics; Pentair Aquatic Eco-System, Inc. (PAES); The Aquaponic Source; Hydrofarm Holdings Group, Inc.; Practical Aquaponics (Pty) Ltd; Greenlife Aquaponics; and Backyard Aquaponics Pty Ltd.

Market players focus on developing innovative products to stay relevant in the market. Companies are engaging in research and development activities and acquiring patents for their products. For instance, in 2021, Nelson and Pade received Wisconsin Innovation Awards (WIA) in the manufacturing category. In 2021, Nelson and Pade were also announced as the winner of the ‘We’re All Innovating’ contest by the Wisconsin Economic Development Corporation (WEDC).

Key players are conducting awareness programs and offering services such as training courses, consulting services, and design services, among others. For instance, The Aquaponic Source offers training programs such as Immersion Weekend and The Flourish Farm Course to educate and train enthusiasts to improve the adoption of aquaponics farming techniques. Additionally, the company also offers design solutions, installation services, and consulting services. Some prominent players in the global aquaponics market include:

• Nelson and Pade Aquaponics

• Pentair Aquatic Eco-System, Inc. (PAES)

• The Aquaponic Source

• Hydrofarm Holdings Group, Inc.

• 实际Aquaponics”(企业)有限公司

• Greenlife Aquaponics

• Backyard Aquaponics Pty Ltd

• My Aquaponics

• Aquaponic Lynx LLC

• Portable Farms Aquaponics Systems

• aquaponik manufactory GmbH

• Aponic Ltd

Aquaponics Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 973.47 million
Revenue forecast in 2030	USD 2,294.48 million
Growth Rate	CAGR of 13.0 % from 2023 to 2030
Historic year	2017 - 2021
Base year for estimation	2022
Forecast period	2023 - 2030
Quantitative units	Revenue in USD million and CAGR from 2023 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Equipment, component, facility type, growing mechanism, produce, application, region
Regional scope	North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope	U.S.; Canada; Germany; France; UK; China; India; Japan; South Korea; Australia; Brazil; Mexico; KSA; UAE; South Africa
Key companies profiled	Nelson and Pade Aquaponics; Pentair Aquatic Eco-System, Inc. (PAES); The Aquaponic Source; Hydrofarm Holdings Group, Inc.; Practical Aquaponics (Pty) Ltd; Greenlife Aquaponics; Backyard Aquaponics Pty Ltd; My Aquaponics; Aquaponic Lynx LLC; Portable Farms Aquaponics Systems; aquaponik manufactory GmbH; Aponic Ltd
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Global Aquaponics Market Report Segmentation

This report forecasts revenue growths at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global aquaponics market report based on equipment, component, facility type, growing mechanism, produce, application, and region:

• Equipment Outlook (Revenue, USD Million, 2017 - 2030)

  • Pumps & Valves

  • Grow Light

  • Aeration Systems

  • Water Heaters

  • Others

• Component Outlook (Revenue, USD Million, 2017 - 2030)

  • Rearing Tank

  • Settling Basin

  • Bio-Filters

  • Sump Tank

  • Others

• Facility Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Greenhouse

  • Building Based Indoor Farms

  • Others

• Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

  • Deep Water Culture (DWC)

  • Nutrient Film Technique (NFT)

  • Media Filled Grow Beds

  • Application Aquaponics

• Produce Outlook (Revenue, USD Million, 2017 - 2030)

  • Fish

  • Fruits & Vegetables

  • Others

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Commercial

  • Home Production

  • Research & Education

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • 印度

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • KSA

    • UAE

    • South Africa