Aquaponics Products Market Current Scenario Key Trends, Comprehensive Analysis and Regional Forecast to 2022-2032

 

On the basis of product type, the aquaponics products market is segmented into fish and vegetables. On the basis of equipment type, the market is segmented into tank systems; rafts; liners and medium; pumps, airstones, and aeration systems; plumbing equipment and material; and others. By technique, the market is segmented into DWC, NFT and MFG.

In terms of value, the global Aquaponics Products market is projected to register a healthy CAGR of 7.4% by produce type and 7.9% by equipment type during the forecast period due to various factors, regarding which FMI offers vital insights in detail.

Factors Impacting Growth of the Global Aquaponics Products Market 

Increasing consumer demand for local or regionally produced vegetables is a major driver for growth of the global aquaponics vegetables market, as farms mainly cater to regional consumers due to logistics issues and small land holdings. Consumer demand for local foods is growing at par with that of organic and natural foods, as locally grown foods inspire a sense of freshness, makes it feel like a community effort, and enables transparency among consumers. Trust building between food manufacturers and consumers in domestic and regional markets is the prominent trend with regard to clean label products and raw material traceability, which is driving demand for aquaponics vegetables to a significant extent.

Growth of farmers' markets, increasing number of community sponsored agriculture initiatives, and adoption of other direct-to-consumer distribution channels is resulting from rising popularity and demand for locally produced vegetables. Such distribution channels also benefit small farmers or new farms that might not have proper access to distributors and suppliers. Retailers are also increasingly sourcing locally grown vegetables owing to better taste, longer shelf life, and negligible transportation costs, which results in consumers being able to procure these products at lower cost. In addition, vegetables transported over long distances results in spoilage and damage such as shrinkage, thus making the products unappealing.

High cost of establishing an indoor or outdoor aquaponics cultivation system is a major barrier for new entrants in the market. Depending on the level of technology used, a greenhouse can cost around two to 20 times more than that required for a conventional soil based growing system. The additional costs of aquaponics cultivation can be attributed to the requirement of control and automation systems along with the necessity of expert advice and consultation.

Aquaponics Products Market Segmentation By Product- Fish, Vegetables; Equipment- Tank Systems, Rafts, Liners, & Medium, Pumps, Airstones, & Aeration Systems, Plumbing Equipment & Material, Others; Technique- DWC ,NFT ,MFG

This factor is more pronounced in developing regions, where initial investment is relatively difficult to secure. In India for instance, the overall cost of setting up and maintaining a medium scale greenhouse is currently around US$ 376,500, which is significantly higher than the investment required for a traditional farming setup.

Global Aquaponics Market: Vendor Profiling 

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view of the companies currently operating in the global market. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the aquaponics space.

Key players in the global Aquaponics Products market includes Nelson and Pade, Inc., Pentair Aquatic Eco-Systems, Inc., ECF Farmsystems GmbH, AquaCal AutoPilot, Inc., Japan Aquaponics, GrowUp Urban Farms Ltd., Kunia Country Farms LLC, Green Life Aquaponics, Backyard Aquaponics Pty Ltd, Hapa Farms, Lucky Clays Fresh, Blueplanet Urban Agro Services Pvt Ltd, Global Aquaponic Systems Corporation, Ichthys Aquaponics, Aponic Ltd, Red Ewald Inc., LivinGreen, MyAquaponics, The aquaponik manufaktur GmbH and NutraPonics Canada Corporation

 

Main Report Link: https://www.futuremarketinsights.com/reports/aquaponics-market

Comments

Post a Comment

Popular posts from this blog

Dairy Flavored Milk Market: Worldwide Industry Analysis of Key Findings, and New Market Opportunities Explored by 2022-2032

  Dairy Flavored milk  is a product manufactured by mixing milk, sugar or sweetener, coloring, and natural or artificial flavor. Flavored milk offers some essential nutrients like calcium, potassium, vitamins, phosphorus, and protein. Flavored milk is among the healthiest products from the food and beverage industry. Its health benefit is a boost for the market as consumers are moving towards healthy lifestyles. Also, the high shelf life and increase in demand for refrigerated milk products fuel the growth of the flavored milk market globally. The worldwide flavored milk market is supposed to arrive at a valuation of US$ 3,300 Million of every 2022. Generally speaking, deals of flavored milk are projected to develop at a strong CAGR of 6.4% somewhere in the range of 2022 and 2032, adding up to around US$ 6,119.3 Million toward the finish of 2032 The global dairy flavored milk industry is still on the rise as consumption is still low compared to other drinks like carbonated soft dri
Read more

Peanut Butter Market 2022: Increasing Demand for Efficient Management Practices, Key Segment & Opportunities Report-2030

Peanut butter is a low-calorie product with high protein content prepared from grinding of dry roasted peanuts. It serves as a substitute for the dairy butter. Peanut butter can be used as toppings for food products like bread, crackers, and many others. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more. Peanut butter is a rich source of energy that can be used as an alternative to milk butter. Aside the energy derived from the consumption, peanut butter is also a good source of protein, fiber, unsaturated fat and minerals such as magnesium, zinc, potassium, and vitamin E. With these nutritional value obtained from the consumption of peanut butter, the global market is slated to witness robust growth over the forecast period. Moreover, the growing population size of consumers with weight diseases and increasing disposable income of consumers in developed and developing countries are major factors expected to p
Read more

Global Vegan Fast Food Market Current and Future Trends, Growth Insights, Industry Segments and Regional Forecast by 2033

 The global vegan fast food market is predicted to be worth US$ 18829.5 million in 2023 and US$ 27980.2 million by 2033 The global vegan fast food market is predicted to develop due to increased knowledge about the benefits of a vegan diet. An additional factor, such as growing awareness of animal health and cruelty in the food industry, has encouraged individuals to transition from animal-based to plant-based fast food, which has contributed to the market's growth. As a result of these reasons, demand for vegan fast food is expected to rise at a constant 4.5% CAGR, with the United Kingdom, the United States, Germany, and Japan emerging as important manufacturers. Download Comprehensive Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16198 The rise in awareness of health issues and human well-being, as well as changes in lifestyle, are the factors driving the growth of the global vegan fast food market. People are migrating toward vegetarian food
Read more