Aquaponics Market Size (2024 - 2029)

The aquaponics market is experiencing significant growth, with its market size projected to expand substantially over the forecast period. The COVID-19 pandemic disrupted supply chains, affecting costs and risks for farmers. North America holds a prominent share in the market, driven by partnerships between educational institutions and private companies, which have enhanced awareness and development of aquaponic farms. Despite the industry's rapid growth, large-scale production of aquaponic crops is still developing in the region.

Market Size of Aquaponics Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Aquaponics Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.21 Billion
Market Size (2029) USD 1.92 Billion
CAGR (2024 - 2029) 9.60 %
Fastest Growing Market North America
Largest Market North America

Major Players

Aquaponics Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Aquaponics Market Analysis

The Aquaponics Market size is estimated at USD 1.21 billion in 2024, and is expected to reach USD 1.92 billion by 2029, growing at a CAGR of 9.60% during the forecast period (2024-2029).

The COVID-19 pandemic majorly impacted the supply chain of the aquaponics market. Supply chain disruptions amid the pandemic led farmers to rear many live fishes and other aquatic species, which negatively impacted the farmers' cost, expenditure, and risk.

In 2021, North America occupied the largest share in the aquaponics market. The United States contributed the largest share in the region, followed by Canada. Aquaponic is a small but rapidly growing industry in the region, with several partnerships among educational and research institutions and private companies. This factor played a pivotal role in establishing and increasing awareness about aquaponic farms. However, mass-scale production of aquaponic crops is yet to take form in the region, although farms such as Superior Fresh and Ouroboros Farms are at the forefront of commercial aquaponics production.

Aquaponics Industry Segmentation

Aquaponics refer to the combination of traditional fish culture with the cultivation of plants hydroponically. The aquaponics market is segmented by growing system (media filled beds, nutrient film technique, and raft or deep water culture), facility type (poly or glass greenhouses, indoor vertical farms, and other facility types), fish type (tilapia, catfish, carp, trout, ornamental fish, and other fish types), crop type (fruits and vegetables and herbs and microgreens), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The market size in the report is provided in USD million.

Growing System
Media Filled Beds
Constant Flow
Ebb and Flow (Flood and Drain)
Nutrient Film Technique (NFT)
Raft or Deep Water Culture (DWC)
Facility Type
Poly or Glass Greenhouses
Indoor Vertical Farms
Other Facility Types
Fish Type
Tilapia
Catfish
Carp
Trout
Ornamental Fish
Other Fish Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
Malaysia
Indonesia
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa
Need A Different Region Or Segment?
Customize Now

Aquaponics Market Size Summary

The aquaponics market is poised for significant growth, driven by increasing demand for sustainably produced organic crops. This industry, although still in its nascent stages in regions like North America, is experiencing a surge in interest and investment. The integration of aquaculture and hydroponics offers a unique solution to the rising consumer preference for chemical-free produce, leveraging fish waste as a natural fertilizer. This trend is particularly pronounced in the United States, where partnerships between educational institutions and private enterprises are fostering innovation and awareness. Despite challenges such as supply chain disruptions during the COVID-19 pandemic, the market is expected to expand, with key players like Superior Fresh and Ouroboros Farms leading the charge in commercial production.

In Europe, the aquaponics sector is supported by initiatives like the European Union Aquaponics Hub, which aims to enhance sustainable integrated fish and vegetable production. The region's substantial organic farmland, particularly in Spain, presents a lucrative opportunity for aquaponics to thrive. The market's fragmented nature is characterized by numerous active farms and input providers, with companies like Pentair Aquatic Eco-System Inc. and Nelson & Pade Aquaponics playing pivotal roles. Recent funding and strategic partnerships, such as those by Les Nouvelles Fermes and Aerofarms, underscore the industry's potential for expansion and technological advancement. As the market continues to evolve, emerging players are focusing on product launches and capacity expansions to capture a significant market share.

Explore More

Aquaponics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Growing System

      1. 2.1.1 Media Filled Beds

        1. 2.1.1.1 Constant Flow

        2. 2.1.1.2 Ebb and Flow (Flood and Drain)

      2. 2.1.2 Nutrient Film Technique (NFT)

      3. 2.1.3 Raft or Deep Water Culture (DWC)

    2. 2.2 Facility Type

      1. 2.2.1 Poly or Glass Greenhouses

      2. 2.2.2 Indoor Vertical Farms

      3. 2.2.3 Other Facility Types

    3. 2.3 Fish Type

      1. 2.3.1 Tilapia

      2. 2.3.2 Catfish

      3. 2.3.3 Carp

      4. 2.3.4 Trout

      5. 2.3.5 Ornamental Fish

      6. 2.3.6 Other Fish Types

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 France

        3. 2.4.2.3 Germany

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 Malaysia

        4. 2.4.3.4 Indonesia

        5. 2.4.3.5 Australia

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 Rest of Africa

Aquaponics Market Size FAQs

The Aquaponics Market size is expected to reach USD 1.21 billion in 2024 and grow at a CAGR of 9.60% to reach USD 1.92 billion by 2029.

In 2024, the Aquaponics Market size is expected to reach USD 1.21 billion.

Aquaponics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)