Aquaponics Market Trends and Projections

Aquaponics Market Outlook:
Between 2018 and 2022, the global aquaponics market experienced a robust expansion, growing at a CAGR of 7.2%. By 2023, the market was valued at $54.8 million. According to a study by Persistence Market Research, this growth trajectory is set to continue, with sales expected to rise at a CAGR of 7.4%, reaching a projected market size of $111.9 million by the end of 2033.
The Aquaponics market combines aquaculture and hydroponics in a mutually beneficial, water-based system. This innovative approach involves raising various fish species—such as goldfish, carp, crappie, tilapia, brim, koi, and bass—alongside plants like chives and lettuce. In this system, fish waste converts into nitrates and ammonia, which, although harmful to fish, provide essential nutrients for plant growth. This symbiotic relationship creates a highly sustainable environment, where natural food sources support both fish and plant productivity, ensuring a balanced and efficient ecosystem.