The Europe Aquaponics Market would witness market growth of 13.2% CAGR during the forecast period (2023-2030).
The growing demand for organic food is anticipated to advance the market. Arable farming, hydroponics, and vertical farming are all examples of sustainable agriculture methods that are widely used. Aquaponics uses the least amount of water to develop crops that greatly increase market circulation. Arable lands are decreasing, which is a crucial aspect of the flexibility of aquaponic systems due to rising urbanization and industrialization. Aquaponic agriculture produces eight times more food per acre in about a sixth of the space needed by conventional agriculture. Due to the economic and environmental advantages of aquaponics, the market is predicted to expand.
The market is expanding because of rising consumer awareness of the purity of natural product, which is free of pesticides and fertilizers. In addition, due to growing urban agriculture and expansion in the organic food industry, expenditures in aquaponic operations, especially on a commercially significant scale, are rising. This system is very advantageous as a result of these features because of its economic efficiency and environmental friendliness. These systems are being used more often due to the growing population and rising demand for fruits & vegetables grown beyond the normal growing season. Without harmful pesticides, these methods aid in organic and sustainable plant care. The market is anticipated to grow in the next years due to the aquaponic system's lower cost and increased fish consumption.
Europe's economy is among the strongest in the world, and its growing industries lead to more capital investment capacity, which can be credited with the market's expansion. In this region, grow light systems have been utilized for a few decades to grow plants in industrial greenhouses. In addition, the population of Europe has been expanding significantly in recent years, and countries are importing frozen produce from markets in Africa and Asia. The market would soon expand due to the region's increasing demand for grow lights.
The Germany market dominated the Europe Aquaponics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $140.1 million by 2030. The UK market is exhibiting a CAGR of 12.2% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 14% during (2023 - 2030).
Based on Facility Type, the market is segmented into Greenhouse, Building Based Indoor Farms and Others. Based on Equipment, the market is segmented into Pumps & Valves, Grow Light, Aeration Systems, Water Heaters and Others. Based on Component, the market is segmented into Rearing Tank, Settling Basin, Bio-Filters, Sump Tank, and Others. Based on Produce, the market is segmented into Fish, Fruits & Vegetables and Others. Based on Application, the market is segmented into Commercial, Home Production and Research & Education. Based on Growing Mechanism, the market is segmented into Media Filled Grow Beds, Nutrient Film Technique (NFT), Deep Water Culture (DWC) and Vertical Aquaponics. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Aquaponics Market is Projected to reach USD 2.3 Billion by 2030, at a CAGR of 13.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nelson and Pade, Inc., The Aquaponic Source, Inc., Practical Aquaponics (Pty)Ltd., Green Life Aquaponics, Backyard Aquaponics Pty Ltd, Aquaponic Lynx LLC, Portable Farms Aquaponics Systems, Stuppy Greenhouse, Inc., Aquaponik manufactory GmbH and Aponic Ltd.
By Facility Type
By Equipment
By Component
By Produce
By Application
By Growing Mechanism
By Country
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