AQUAPONICS MARKET ANALYSIS

Aquaponics Market, by Product Type (Plants (Herbs, Leafy & Non-leafy Vegetables, Fruits, Flowers, and Ornamental Plants) and Fishes (Nile Tilapia, Carp, Catfish, Perch, Cichlid, and Others (Sturgeon, Ornamental fish, etc.))), by Production Type (Small Scale and Large Scale), by Distribution Channel (Supermarket, Hypermarket, Specialty Stores, and Online), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028

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.
Aquaponics farming offer water as well as nutrients efficient growing of plants, as plants are grown without use of soil, pesticides, herbicides or any chemical fertilizers. Moreover, crops can be grown any time in a year irrespective of the climate. Therefore, ability of aquaponics to serve as a sustainable solution for growing food plants is expected to drive the aquaponics market growth.