From GlobeNewswire: 2025-02-27 10:00:00

The Aquaponics Market was valued at USD 1.5 billion in 2023 and is projected to reach USD 4.7 billion by 2032, with a CAGR of 13.83% from 2024 to 2032. Major players include Aquaponics USA, Nelson and Pade, Green Life Aquaponics, Urban Farmers, and others. Pumps & Valves dominated the market in 2023, essential for water circulation. Aquaponics offers resource-efficient and eco-friendly farming, driving market adoption.

Rearing tanks led the market by component in 2023, playing a crucial role in fish cultivation. Greenhouses dominated the facility type segment, optimizing growth conditions. Media-filled grow beds were the leading growing mechanism, offering a cost-effective solution for large root crops. Commercial application segment drove market growth in 2023, with high productivity and dual cultivation of fish and plants.

Future opportunities in the Aquaponics Market lie in sustainable agriculture and technological advancements. Automation, AI-based monitoring systems, and nutrient optimization methods will enhance productivity. Large-scale commercial farms and collaborations with retail and food service industries will further boost market growth. Greenhouses are critical for achieving maximum productivity and sustainability in contemporary agriculture. Aquaponics, a blend of organic vegetable cultivation and eco-friendly fish farming, is gaining popularity for commercial agriculture. North America leads the market with high revenue, driven by major industry players and consumer demand for organic produce. Meanwhile, Asia-Pacific is set for rapid growth, spurred by government support for sustainable agriculture and food security initiatives.

With North America dominating the aquaponics market in 2023, the region benefits from a robust presence of industry players and increasing consumer interest in sustainable agriculture practices. On the other hand, Asia-Pacific is expected to witness the fastest growth rate, driven by government campaigns promoting sustainable agricultural methods and the rising demand for resource-friendly farming practices.

For detailed insights into the aquaponics market, the report includes a comprehensive analysis covering key points such as market dynamics, statistical insights, competitive landscape, market segmentation by equipment and components, regional analysis, and company profiles. Access the complete report for in-depth information on market trends and forecasts.

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Read more at GlobeNewswire: Aquaponics Market to Reach USD 4.7 Billion by 2032