Market analysis and insights : global aquaponics market. aquaponics market is expected to reach usd 54.95 billion by 2027 growing at a growth rate of 12.9% in the forecast period 2020 to 2027. aquaponics is the arrangement of cultivating plants and fish together in a commonly helpful arrangement. it is the practical type of horticulture which coordinates regular aquaculture and hydroponics prompting the development of fishes and plants together in a harmonious situation.. Aquaponics market industry analysis this study identifies growing inclination toward controlled environment farming as one of the prime reasons driving the aquaponics market growth during the next. Aquaponics (/ ˈ æ k w ə ˈ p ɒ n ɪ k s /) refers to a food production system that couples aquaculture (raising aquatic animals such as fish, crayfish, snails or prawns in tanks) with hydroponics (cultivating plants in water) in a symbiotic environment whereby the nutrient rich aquaculture water is fed to hydroponic grown plant, involving nitrifying bacteria for converting ammonia into nitrates..
Association of organic commodities consumption with wellness is taking the consumer products arcade towards epidemic innovations. as per the u.s department of agriculture, organic food sales have increased by 20% annually, and has surpassed the $10 billion mark in 2003, up from merely $3 billion in 1997 [1].. owing to such trends, the global aquaponics market size is valued at $580 million. Based on application, the global aquaponics industry has been categorized as commercial, home food products, and others. the global market has been analyzed for four key regions—north america, europe, asia-pacific, and the rest of the world. the north american aquaponics market has further been segmented into the us, canada, and mexico..
