The Latin America, Middle East and Africa Aquaponics Market would witness market growth of 16.7% CAGR during the forecast period (2023-2030).
In an aquaponic system, the hydroponic system draws fresh water from the aquaculture system; hence, aquaponics combines traditional hydroponics and aquaculture. By employing organic waste and byproducts as fertilizers, aquaponics makes use of this phenomenon. In parallel with nitrates being absorbed by plants, organic waste-filled water gets cleaned. Water is then recycled back into the system after that.
In many locations, climate conditions prevent sustainable vegetation production and place additional strains on agricultural production. As a result, there is a growing demand for alternative agricultural applications that would be long-term sustainable, such as aquaponics farming or the aquaponics market. Decreased soil carbon, biodiversity, and air quality have also been caused by environmental stresses associated with food production. Furthermore, the need for sustainable agricultural production methods is increasing internationally due to problems, including high groundwater salinization from fertilizer and pesticide use, soil erosion, and reduced water availability.
The concept of aquaponics may be helpful for southern African nations with a limited supply of agricultural production resources (water and fertile croplands), a high rate of urbanization, and urban poverty escalating exponentially. In South Africa, aquaponics has been thought to have promise for revitalizing abandoned coal mine sites. Due to the near collapse of freshwater pond aquaculture and the inability of farmed fish to independently generate economically viable populations due to external environmental circumstances, aquaponics has become more popular in South Africa.
The Brazil market dominated the LAMEA Aquaponics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $43.1 million by 2030. The Argentina market is exhibiting a CAGR of 17.3% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 16.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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