(Food-Beverage-News.Com, August 02, 2019 ) Meticulous Research®– leading global market research company published a research report titled “Aquaponics Market by Equipment (Grow Lights, Pumps and Valves, Fish Purge Systems, Aeration System), Product Type (Fish, Vegetables, Herbs, Fruit), Application (Commercial, Home Production), and Geography-Global Forecast to 2025”.
According to this latest publication from Meticulous Research®, the global aquaponics market is expected to grow at a CAGR of 12.8% from 2019 to reach $1.4 billion by 2025. The high growth of the aquaponics market is mainly attributed to growing fish consumption, rising demand for organic fruits and vegetables, improvement in urban farming methods, growing reduction in arable land areas, and changing climatic conditions. However, high initial start-up cost and critical management requirement are the key factors hindering the adoption of aquaponics farming.
Scope of the Report:
Aquaponics Market by Equipment
Grow Lights
Pumps and Valves
Fish Purge Systems
In-Line Water Heaters
Aeration System
Others
Aquaponics Market by Product Type
Fish
Vegetables
Herbs
Fruits
Aquaponics Market by Application
Commercial
Home Production
Others
Aquaponics Market by Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
India
Australia
Japan
Rest of APAC (RoAPAC)
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa.
This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and RoAPAC), Latin America (Brazil, Argentina, and RoLATAM), and Middle East & Africa. North America commanded the largest share of the global aquaponics market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The aquaponics market in Asia Pacific, especially in China, India, and Australia, is expected to witness high growth during the forecast period. The growth in this market is expected to be driven by vast growth in the population, rising demand for organic food products, and rising disposable income. In addition, factors such as rising urbanization, improvement in urban farming methods, growth of new diseases due to unhygienic foods, and rising innovations in the field of agriculture are further expected to drive the market growth in this region.
The major players operating in the global aquaponics market are Pentair Aquatic Eco-System (U.S.), Nelson and Pade, Inc. (U.S.), Aquaponics USA (U.S.), Green Life Aquaponics (U.S.), The Aquaponics Source (U.S.), Endless Food Systems (U.S.), Japan Aquaponics (Japan), Stuppy, Inc. (U.S.), Symbiotic Aquaponic LLC (U.S.), Practical Aquaponics (Australia), SynergyPonics (South Africa), The Aquaponics Place LLC (U.S.), and AquaCal
