Market Overview

The global aquaponics market size was USD 1,048.32 million in 2023. The market is expected to rise from USD 1,145.71 million in 2024 to USD 2,399.96 million by 2032 at a CAGR of 9.68% during 2024-2032.

The aquaponics industry refers to the combination of aquaculture and hydroponics in a sustainable, symbiotic system. Fish waste offers vital nutrients for plants, while plants filter and purify the water for fish, generating a closed-loop environment. The growing popularity of aquaponics in urban areas, rising concerns about food security, and increased aquaponics' feasibility due to rapid innovations in water filtration, nutrient management, and monitoring systems are propelling market expansion.

List of Key Players Profiled in the Market Report

• Symbiotic Aquaponic (U.S.)
• Nelson & Pade Aquaponics (U.S.)
• Springworks Farm (U.S.)
• The Aquaponics Greenhouse at De Ceuvel (Netherlands)
• Aquaculture ID (Netherlands)
• AquaSprouts Inc. (U.S.)
• AquaBiotech Group (Malta)
• Ecolicious (Australia)
• AHAS Foundation (Thailand)
• OCS Overhead Conveyor System Ltd (U.K.)

Segments

Deep Water Culture Takes the Lead in the Market Owing to Its Easy Upkeep

By type, the market is divided into media-based aquaponics system, deep water culture (DWC), and nutrient film technique (NFT), and others. Deep water culture (DWC) accounts for the largest aquaponics market share as it assists in quick growth and easy upkeep. In this type, plants are put up in floating rafts over nutrient-rich water.

Research Studies Dominate the Market Due to Rising Government Investments in the Creation of Aquaponic Systems

In terms of application, the market is classified into commercial, home produce, and research studies. Research studies dominate the market due to increased government investments in the creation of aquaponic systems and analyzing different parameters to decrease system costs.

Fruits & Vegetables to Command the Market as They Don’t Need Gentle Care