According to a new report published by Fast.MR titled, “Aquaponics Market by System, Component, Equipment, and Produce : Global Opportunity Analysis and Industry Forecast, 2016–2027,” the global aquaponics market was estimated at around USD 592 million in 2019 and is expected to grow with the CAGR of 14.5% during forecast period 2023-2027. Rising prominence of eating nutritious vegetables is driving market growth.
Eating vegetables offer huge incentives in terms of health benefits and due to this reason, the rise of veganism is widely observed across the globe. Vegetables offer numerous advantage over its counterparts meat and poultry. Vegetables are considered as the rich source of nutrients such as vitamins, folate, dietary fibers, potassium, and many more. Thus, numerous advantages of eating vegetables coupled with healthy growth in vegan eating population is projected to boost the market growth over the coming years.
(Including COVID- 19) Depth Analysis Get the pages of a sample of this research study # https://www.fastmr.com/request-s/247
One of the prominent driver for the growth of aquaponics is rising consumer awareness towards pesticides free food. As the global population increased, the demand for food products including vegetables and fruits also increased. To sustain ever growing demand for food products, farmers around the globe intensified the usage of pesticides to uphold productivity. However, over the last few years, risk related to eating pesticides infused food products came under limelight as more cases related to health risk became more prominent. This caused a sudden burst for pesticides free food as consumers demanded for greater level of transparency.
North America region especially the U.S. is the front-runner in adopting awuaponics culture. The country observed emergence of many start-ups focused on developing healthy food items including vegetables and fruits using aquaponics technique.
Key vendors of the industry are Backyard Awuaponics, Aqua Allotments, Aquaponics Lynx LLC, ECF Farmsystems GmbH, Greenlife Aquaponics, My Aquaponics, Nelson and Pade Inc., Nutraponics Canada Corporation, and The Aquaponics Source. Industry participants are focusing on integrating smart technology and automation to enhance productivity.
Do You Have Any Query Or Specific Requirement Regarding Aquaponic Market? Ask to Our Market Expert #https://www.fastmr.com/request-e/247
FAST.MR is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in depth to provide our clients with better strategies to stand out in the market.
Our report covers current market status, opportunities available in the market, growth plans, and emerging trends in order to cater to the evolving needs of the customers. We help businesses around the globe with operational improvements, technologies, emerging market trends which in-depth boost the company’s growth in the future. The reports prepared by us are customized according to the client’s needs. We inculcate high morale and ethics while preparing our report which helps in building long term relationships with our clients.
150 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215