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Global Aquaponics Market to reach USD 1.55 billion by 2028.

Global Aquaponics Market to reach USD 1.55 billion by 2028.

Product Code: OIRAL-54971668
Publish Date: 25-02-2022
Page: 200

Global Aquaponics Market is valued approximately USD 0.77 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.71 % over the forecast period 2022-2028. Aquaponics refers to a system of aquaculture. in this system the waste produced by aquatic creatures are used to supply the nutrients for plants grown hydroponically. Vegetables grown in aquaponics contain higher nutrition value than vegetables grown in the ground. Growing demand for organic food and shifting consumer preferences globally are key drivers for the growth of Aquaponics market. For instance, according to Good Food Institute- in the year 2020, Plant-based food sales in USA has grown to USD 7.0 billion from USD 5.5 billion in 2019, indicated a growth rate of over 27%. Also, in the year 2020, approximately 57 percent of all U.S. households purchased plant-based foods (around 71 million households) as compared to 53 (around 66 million households) percent in 2019. Also, with the increasing adoption of sustainable farming alternatives, the demand for Aquaponics is likely to increase the market growth during the forecast period. However, supply chain disruption owing to COVID-19 impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Aquaponics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing growth of aquaponics and presence of leading market players in the region. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing adoption of alternative sustainable farming solutions USA and Canada would create lucrative growth prospects for the Aquaponics market across Asia-Pacific region.

Major market player included in this report are:
Backyard Aquaponics Pty Ltd.
Colorado Aquaponics
Greenlife Aquaponics
Urban Farms AG
Nelson & Pade Inc.
Ichthys Aquaponics
Aponic Ltd
Red Ewald Inc.
ECF Farmsystems GmbH
My Aquaponics

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Produce:
Fruits & Vegetables
By Component:
Rearing Tank
Settling Basin
Sump Tank
By Equipment:
Pumps and Valves
Grow Lights
Water Heaters,
Water Quality Testing,
Fish Purge Systems,
Aeration Systems,
By End Use Industries:
Home Food Production,
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Aquaponics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Aquaponics Market, by Region, 2020-2028 (USD Billion)
1.2.2. Aquaponics Market, by Produce, 2020-2028 (USD Billion)
1.2.3. Aquaponics Market, by Component, 2020-2028 (USD Billion)
1.2.4. Aquaponics Market, by Equipment, 2020-2028 (USD Billion)
1.2.5. Aquaponics Market, by End Use Industries, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Aquaponics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Aquaponics Market Dynamics
3.1. Aquaponics Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing demand for organic food products. Shifting consumer preferences.
3.1.2. Market Challenges Supply chain disruption owing to COVID-19
3.1.3. Market Opportunities Raising adoption of sustainable farming alternatives.
Chapter 4. Global Aquaponics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Aquaponics Market, by Produce
6.1. Market Snapshot
6.2. Global Aquaponics Market by Produce, Performance – Potential Analysis
6.3. Global Aquaponics Market Estimates & Forecasts by Produce 2019-2028 (USD Billion)
6.4. Aquaponics Market, Sub Segment Analysis
6.4.1. Fish,
6.4.2. Fruits & Vegetables,
6.4.3. Others
Chapter 7. Global Aquaponics Market, by Component
7.1. Market Snapshot
7.2. Global Aquaponics Market by Component, Performance – Potential Analysis
7.3. Global Aquaponics Market Estimates & Forecasts by Component 2019-2028 (USD Billion)
7.4. Aquaponics Market, Sub Segment Analysis
7.4.1. Rearing Tank,
7.4.2. Settling Basin,
7.4.3. Bio-Filters,
7.4.4. Sump Tank,
7.4.5. Others
Chapter 8. Global Aquaponics Market, by Equipment
8.1. Market Snapshot
8.2. Global Aquaponics Market by Equipment, Performance – Potential Analysis
8.3. Global Aquaponics Market Estimates & Forecasts by Equipment 2019-2028 (USD Billion)
8.4. Aquaponics Market, Sub Segment Analysis
8.4.1. Pumps and Valves,
8.4.2. Grow Lights,
8.4.3. Water Heaters,
8.4.4. Water Quality Testing,
8.4.5. Fish Purge Systems,
8.4.6. Aeration Systems,
8.4.7. others

Chapter 9. Global Aquaponics Market, by End Use Industries
9.1. Market Snapshot
9.2. Global Aquaponics Market by End Use Industries, Performance – Potential Analysis
9.3. Global Aquaponics Market Estimates & Forecasts by End Use Industries 2019-2028 (USD Billion)
9.4. Aquaponics Market, Sub Segment Analysis
9.4.1. Commercial,
9.4.2. Home Food Production,
9.4.3. Others
Chapter 10. Global Aquaponics Market, Regional Analysis
10.1. Aquaponics Market, Regional Market Snapshot
10.2. North America Aquaponics Market
10.2.1. U.S. Aquaponics Market Produce breakdown estimates & forecasts, 2019-2028 Component breakdown estimates & forecasts, 2019-2028 Equipment breakdown estimates & forecasts, 2019-2028 End Use Industries breakdown estimates & forecasts, 2019-2028
10.2.2. Canada Aquaponics Market
10.3. Europe Aquaponics Market Snapshot
10.3.1. U.K. Aquaponics Market
10.3.2. Germany Aquaponics Market
10.3.3. France Aquaponics Market
10.3.4. Spain Aquaponics Market
10.3.5. Italy Aquaponics Market
10.3.6. Rest of Europe Aquaponics Market
10.4. Asia-Pacific Aquaponics Market Snapshot
10.4.1. China Aquaponics Market
10.4.2. India Aquaponics Market
10.4.3. Japan Aquaponics Market
10.4.4. Australia Aquaponics Market
10.4.5. South Korea Aquaponics Market
10.4.6. Rest of Asia Pacific Aquaponics Market
10.5. Latin America Aquaponics Market Snapshot
10.5.1. Brazil Aquaponics Market
10.5.2. Mexico Aquaponics Market
10.6. Rest of The World Aquaponics Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Backyard Aquaponics Pty Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Colorado Aquaponics
11.2.3. Greenlife Aquaponics
11.2.4. Urban Farms AG
11.2.5. Nelson & Pade Inc.
11.2.6. Ichthys Aquaponics
11.2.7. Aponic Ltd
11.2.8. Red Ewald Inc.
11.2.9. ECF Farmsystems GmbH
11.2.10. My Aquaponics
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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