Aquaponics Market Report

The technique of simultaneous farming or breeding of fishes alongside effective cultivation of fruits and vegetables is quite appealing in terms of environmental sustainability. Aquaponics not only helps to meet the strong global demand for fish but also organic food. Local farmers and schools, especially in the US, are using aquaponics to bring fresh food from farm directly to the table. As a sustainable, an alternative farming technique, aquaponics is said to be the next big thing in the agriculture industry. High demand for environment-friendly, cleaner, and healthier farming methods is expected to provide growth to the global aquaponics market.

Advancement in Aquaculture and Hydroponics to Reflect Positively on Global Market

Development of aquaculture and hydroponics is foreseen to bode well for the global aquaponics market. Rising interest in more advanced farming techniques could be an effective factor augmenting the demand for aquaponics. Increasing food requirement because of the continuous growth in global population is anticipated to highlight the need for aquaponics. Benefits such as lower inventory and transportation expenses compared to conventional farming and agricultural practices are expected to push the demand for aquaponics.

Aquaponics Companies to Concentrate More on Innovation and Technological Development

The report includes deep analysis of important companies such as Pentair Aquatic Eco-System, Nelson and Pade, Inc., Aquaponics USA, Green Life Aquaponics, The Aquaponics Source, Endless Food Systems, Japan Aquaponics, Stuppy, Inc., Symbiotic Aquaponic LLC, Practical Aquaponics, SynergyPonics, The Aquaponics Place LLC, and AquaCal AutoPilot, Inc. Companies are expected to take advantage of the rising trend of environmental sustainability to attract more business in the global market. Innovation and technological advancement could be among key points of focus.

Companies could also enter into partnerships to strengthen their market share. In June 2019, Symbiotic Aquaponic, a US-based full-service aquaponics company, formed a collaboration with Outdoor Classroom at Woodward Park, Tulsa Regional STEM Alliance, and Teaching Institute for Excellence in STEM to help schools in Tulsa, Oklahoma with aquaponics-based research learning.

By Product Type

●   Fishes

●   Vegetables

●   Herbs

●   Fruits

By Equipment

●   Grow Lights

●   Pumps and Valves

●   Fish Purge Systems

●   Aeration Systems

By Application

●   Commercial

●   Home Production

The advent of smart grow lights in the global aquaponics market is expected to create new business opportunities for players. Companies are anticipated to introduce innovative grow lights to secure a sizable market share. In July 2019, LumiGrow, a US provider of professional-grade LED grow lights and wireless grow light software solutions, launched a new range of smart LED grow lights named BarLight.

Commercial and institutional applications of aquaponics are predicted to grow in the near future. In August 2019, America’s Redlands Community College hosted its second annual Educators’ Workshop in partnership with Symbiotic Aquaponic. The workshop helped educators to learn how to apply aquaponics curriculum in their schools, colleges, or universities.

Vegetables and fruits could be among common types of products grown using aquaponics. Growing popularity of vegan diets and high demand for organic food are foreseen to help with the growth of these product type segments.

By Region

North America to Bank on Aquaponics Partnerships between Vendors and Institutions

European governments providing funds and grants for the promotion of aquaponics are foretold to significantly benefit the Europe market. North America could be among leading regional markets due to increasing interest in aquaponics, especially among educational institutions. In August 2019, the Thompson and Putnam school systems in the US state of Connecticut were awarded with an over $81,000 USDA Farm to School grant. The grant will help the school systems to construct aquaponic systems so that students could learn about the advanced farming and agricultural technique.

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