Aquaponics Market: Demand and Growth Analysis
In this era, the demand for consumer food is incessantly increasing, and the farmers are cultivating more organically. However, aquaponics systems are majorly operated water-free and have no effects on the soil. The newer generation is more dedicated to having organic food that has more nutritious value and is free from chemical contamination. According to the Research Institute of Organic Agriculture, in 2018, the organic agricultural land had grown to 57.8 million hectares which translates to $90 billion. As per the Food and Agriculture Organization of the United Nations, the State of World Fisheries and Aquaculture 2018 had stated that the global total fisheries capture was 90.9 million tonnes in 2016. There has been growth in the fish consumption and aquaculture sector which has led to the aquaponics market growth.
As per the findings of newly published market research report by IndustryARC titled “Aquaponics Market: By Aquaponics Method; By Components; By Cultivation; By Equipment; By Application; By Geography – Forecast (2019-2025),” there were opportunities worth $580 to $630 million available in 2018, and the analyst estimates the demand to grow with an outstanding CAGR of 14.5% to 15.5% during the forecast period of 2019 to 2025. The aquaculture market is at the helm of continuously providing a supply of fish for human consumption.
Aquaponics Market: Leading segmentEventually, North America is has seen rapid growth in exporting fish and fish products in recent years. North America is amongst the largest single market for fish and fish products. However, the continuous increase in the stocks that are fished biologically and organic fruits and vegetables cultivated in North America has the regional market share of 42.0%- 45.0% in the global aquaponics market. The fruit and vegetable application CAGR in the vegetable and fruits segment of the aquaponics market will be 14.5% to 15.5% during the forecast period of 2019 to 2025. Considering the food safety and consumer protection, increasingly inflexible hygiene measures are taken at the national and international levels.
Aquaponics Market: Market Trends• According to the United Nations Educational, Scientific and Cultural Organization, 3.6 billion people are living in potential water scare area at least one month per year, and the figure could increase to 4.8 to 5.7 billion in 2050. Unusual high temperature and lack of rainfall has certainly affected the farming process and has increased the risk. In the process of aquaponics, the amount of water needed is much lesser than the crops that are grown underground. Also, it reduces the harvesting time to nearly half of the time consumed in harvesting normal crops. This is a major aspect responsible for the growth of aquaponics market.• As arable lands are consistently reducing the usage of deep water culture strategy has very well replaced the concept of harvesting. And providing fresh fish free from all the medicines and antibiotics that they are usually given.• Since farming is purely aquatic based, the fruits and vegetables are fertilizers and pesticides free as they grow underwater, and so, they can be termed as organic. In aquaponics, there is no concept of soil and soil pests, which helps in the higher adoption of aquaponics techniques that has certainly increased the investment in urban farming.
Aquaponics Market: Competitive LandscapeSome of the key companies identified in the report that are currently holding majority shares in the global aquaponics market are The Aquaponic Source, Nutraponics Canada Corporation, Nelson and Pade, Inc., My Aquaponics, Greenlife Aquaponics, ECF Farmsystems GMBH, Aquaponic Lynx LLC, Aqua Allotments and Backyard Aquaponics.
View Full Table of Contents of Aquaponics Market:https://industryarc.com/Report/22/global-commercial-Aquaponics-market.html
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What can you expect from the report?The Aquaponics Market is Prepared with the Main Agenda to Cover the following 20 points:1. Aquaponics Market Size by Product Categories & Application 2. Aquaponics Market trends & Relevant Market Data3. Manufacturer Landscape 4. Distributor Landscape 5. Pricing Analysis 6. Top 10 End-user Analysis 7. Product Benchmarking 8. Product Developments 9. Mergers & Acquisition Analysis 10. Patent Analysis11. Aquaponics Market Demand Analysis (Revenue & Volume)12. Country-level Analysis13. Competitor Analysis14. Aquaponics Market Shares Analysis15. Aquaponics Market Value Chain Analysis16. Aquaponics Market Supply Chain Analysis17. Aquaponics Market Strategic Analysis18. Aquaponics Market Current & Future Market Landscape Analysis19. Aquaponics Market Opportunity Analysis20. Aquaponics Market Revenue and Volume Analysis
Frequently Asked Questions:Q. Does IndustryARC publish country or application based reports in Aquaponics market segment?Answer: Yes, we do have a separate report as mentioned below:1. Brazil Aquaponics Market
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:1. Increase the level of data in the application or end-user industry.2. Increase the number of countries in geography chapter.3. Find out market shares for other smaller companies or companies which are of interest to you.4. Company profiles can be requested based on your interest.5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
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