AQUAPONICS MARKET Growing Technological Advancements Opportunity Analysis and Industry Forecast by 2027

Aquaponics is a combination of aquaculture (growing of fishes) and hydroponics (growing of plants in water). In aquaponics, both these methods are combined to grow fishes and plants together. The nitrifying microorganisms present in water (rhizobacteria, fungi, micro plankton, etc.) convert the waste excreted by fishes to nitrates. These nitrates are then taken up by plants for their growth. Thus, in aquaponics, plants grow together with fishes in one integrated system.

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Market Dynamics:

Aquaponic plants have the potential to become a major source of food by which it can contribute to the growing demand for food. According to the report ‘Agricultural productivity and innovation’, published by Food and Agricultural Organization, 2018, agriculture will need to produce almost 50% more food, feed, and biofuel in 2050 than it did in 2012 to meet the demand of increasing population, which is expected to reach 9.7 billion in 2050.

Market Outlook:

Aquaponics also has the potential to become sustainable solution of fish production to meet rising demand for fish and fish products. According to the report ‘The State of World Fisheries And Aquaculture’ published by Food and Agricultural Organization (FAO) in 2018, the global apparent consumption of fish increased to around 151 million tons in 2016 from around 140 million tons in 2013, whereas world edible fish consumption in 2030 is projected to be 20% higher than that in 2016. Therefore, aquaponics has the potential to cater to increasing fish demand, which in turn is expected to boost the aquaponics market growth.

Key players:

Key players operating in the global aquaponics market include Ouroboros Farms, Future Foods Farms, Nelson and Pade, Inc., Ecf Farmsystems GMBH, Oko Farms, Bioaqua Farm, BIGH farm, GrowUp Urban Farms Ltd., Aquaponics Innovations, Midas Aquaponics, Southwest Aquaponics & Fish Hatchery LLC., and Bustan Aquaponics
Market Taxonomy:

On the basis of product type, the global aquaponics market is segmented into:

Plants
Herbs
Leafy & Non-leafy vegetables
Fruits
Flowers
Ornamental Plants

Fishes
Nile Tilapia
Carp
Catfish
Perch
Cichlid
Others (Sturgeon, Ornamental fish, etc.)

Scope Of The Global Aquaponics Industry 2019 Report

Based on the analysis, the Global Aquaponics Market report provides an assessment of future trends and future changes in the market 2019. Researchers analyze data using different formulas and analytical tools and prepare the surveyed data and predictions of key participants with such as diagrams, graphs and statistics for a better and faster understanding.

Various methodological techniques, such as the SWOT analysis, investment return analysis are used to obtain correct informative data for the analysis of impending financial fluctuations in relation to the current trends of Aquaponics market development.

Key Highlights Of The Aquaponics Market Report:

1) A complete framework analysis, including an assessment of the parent market.

2) The study of emerging market segments and the existing market segments will help the readers in planning the business strategies.

3) Market Dynamics(Industry News, Development Challenges & Opportunities).

4) A Clear understanding of the market supported growth, constraints, opportunities, practicableness study.

5) Historical, present, and prospective size of the market from the perspective of both value and volume.

6) Market shares and strategies of leading players.

7) Recommendations to companies to substantiate their foothold in the market.

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