Aquaponics Market Growth Accelerated By Emergence Of Smart Sensors

quaponics combines raising aquatic animals such as fish in tanks with hydroponics, the soilless growing of plants in water. This innovative system allows the production of both fish and vegetables, fruits or herbs. Aquaponics systems require less water and space compared to conventional agriculture as the water is constantly filtered and reused. They help provide sustainable food sources with minimal environmental impact.

The global Aquaponics Market is estimated to be valued at US$ 1797.12 billion in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The increasing adoption of smart sensors in aquaponics farms is one of the major trends driving the market growth. Smart sensors integrated with IoT technology help in continuously monitoring various parameters of the aquaponic system such as pH levels, temperature, humidity, nutrients, and others. They provide real-time data analysis to the farmers for making informed decisions. This results in optimized production, higher crop yields and quality. With advancements in sensor technology, miniaturized and affordable smart sensors are being increasingly used by commercial aquaponic producers. The use of automated data-driven systems is expected to boost the aquaponics market during the forecast period.

Segment Analysis

The global aquaponics market is dominated by the systems segment. The systems segment is expected to grow at a robust CAGR during the forecast period. An aquaponics system combines recycling aquaculture (fish farming) with hydroponics (soilless cultivation) to grow plants. Aquaponics systems provide organic food production while conserving resources like land, water, and energy.

Key Takeaways

The global Aquaponics Market Size is expected to witness high growth during the forecast period of 2024 to 2031.

Regional analysis shows that North America currently dominates the aquaponics market owing to increasing organic food demand and sustainable agriculture practices in the region. Key players like North America are anticipated to continue dominating due to rapid technological advancements.

Key players operating in the aquaponics market are Allresist GmbH, BASF SE, Dow Chemical Company, Huntsman International LLC, and Momentive Performance Materials Inc. The US market is expected to grow at a CAGR of over 10% during the forecast period owing to burgeoning organic farming and rising consumption of organic foods. The growing organic food demand from health-conscious consumers is anticipated to drive market growth in the region.

Explore more related article on this topic: https://www.newswirestats.com/the-aquaponics-market-is-driven-by-increasing-demand-for-organic-foods/