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Aquaponics Market Size, Share, Growth [2022-2028] | Aquaponics Statistics, Market Demand, Trends, Key Players, Type & Application, Stakeholders, Production Capacity, Sales, Revenue, Challenges and Forecast Research | Market Reports World
Market Reports World
Market Reports World

global Aquaponics market size is estimated to be worth US$ 34 million in 2022 and is forecast to a readjusted size of US$ 65 million by 2028 with a CAGR of 11.5% during the review period.

Pune, May 04, 2022 (GLOBE NEWSWIRE) -- The latest global Aquaponics Market research report 2022 provides detailed information about the market overview, modern trends, demand, and recent development affecting the market growth during the upcoming year. Aquaponics Market report also covers the new business development, price, revenue, gross margin, market size, share, potential growth and upcoming market strategy followed by leading players. This report also gives the knowledge of major company profiles within the market. The report focuses on the Aquaponics Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Moreover, Aquaponics Market is forecast by region, type, and application, with sales and revenue, from 2022 to 2028. And also report covers the market landscape and its growth prospects over the coming years. Finally, the feasibility of new investment projects is assessed and overall research conclusions are offered.

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About Aquaponics:

Aquaponics refers to any system that combines conventional aquaculture (raising aquatic animals such as snails, fish, crayfish or prawns in tanks) with hydroponics (cultivating plants in water) in a symbiotic environment. In normal aquaculture, excretions from the animals being raised can accumulate in the water, increasing toxicity. In an aquaponics system, water from an aquaculture system is fed to a hydroponic system where the by-products are broken down by Nitrifying bacteria into nitrates and nitrites, which are utilized by the plants as nutrients, and the water is then recirculate back to the aquaculture system.

Market Analysis and Insights: Global Aquaponics Market

Due to the COVID-19 pandemic, the global Aquaponics market size is estimated to be worth US$ 34 million in 2022 and is forecast to a readjusted size of US$ 65 million by 2028 with a CAGR of 11.5% during the review period. Fully considering the economic change by this health crisis, Media Filled Growbeds (MFG) accounting for the Aquaponics global market in 2021, is projected to value US$ million by 2028, growing at a revised CAGR in the post-COVID-19 period. While Academic segment is altered to an CAGR throughout this forecast period.

Global Aquaponics key players include Nelson and Pade, Aquaponic Source, Backyard Aquaponics, Aquaponics USA, Gothic Arch Greenhouses, etc. Global top five manufacturers hold a share about 50%. North America is the largest market, with a share about 70%, followed by Asia-Pacific and Europe, total with a share about 20 percent. In terms of product, DWC is the largest segment, with a share about 40%. And in terms of application, the largest application is Construction, followed by Family, Academic, and Commercial, etc.