"Executive Summary Aquaponics Market: Growth Trends and Share Breakdown

Data bridge market research analyses that the aquaponics market will project a compound annual growth rate CAGR of 12.9% during the forecast period of 2021-2028 and account to USD 64.03 billion by 2028.

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Aquaponics Market Summary

• Segments*
• By Product Type
• Fish
• Herbs
• Fruits
• By Component
• Rearing Tanks
• Grow Beds
• Settling Basins
• By End-Use
• Commercial
• Home Food Production
• Research and Education

Aquaponics is a sustainable farming technique that combines aquaculture (fish farming) and hydroponics (soil-less plant cultivation) in a symbiotic environment. The global aquaponics market is witnessing significant growth due to the rising demand for organic products, increasing awareness regarding sustainable farming practices, and the need to address the challenges of traditional agriculture such as water scarcity and soil degradation. By product type, the market is segmented into fish, herbs, and fruits. Fish farming plays a crucial role in providing essential nutrients for plant growth, while herbs and fruits cater to the growing demand for fresh and locally grown produce. In terms of components, key segments include rearing tanks, grow beds, and settling basins, each essential for maintaining the ecological balance within the aquaponics system. Furthermore, the market is segmented by end-use, with commercial applications driving revenue growth, followed by the rising trend of home food production and the importance of aquaponics in research and education settings.