Press Release

Rising Preference for Leafy-Vegetables to Boost the Demand for Aquaponic & Hydroponic Systems & Equipment through 2028

The Global Aquaponic & Hydroponic Systems & Equipment Market is projected to witness around 13.8% CAGR during 2023-28, states the recent research report published by MarkNtel Advisors. The market is driven by the rapid technological advancements in Aquaponic & Hydroponic techniques, providing efficient ways to cultivate food with more nutrition than conventional farming.

Besides, crops grown using these techniques are in a monitored & controlled environment, highly nutritious, and maximize year-round food production, which suffices the food requirements of the rapidly inreasing population worldwide. Hence, these cultivation practices are witnessing an increasing adoption and driving the global market.

Rising Demand for Leafy-Vegetables Significantly Boosts the Aquaponic & Hydroponic Systems & Equipment Market through 2028

Based on the Application, Vegetables are anticipated to make a major contribution to the overall market growth in the forecast period. It owes to the swiftly increasing adoption of hydroponic cultivation, especially across North America, to produce leafy vegetables like spinach, lettuce, kale, arugula. Among these leafy vegetables, the demand for red & green lettuce is increasing rapidly, especially across various fast-food chains & households. It, in turn, is propelling the need for more hydroponic cultivations and directly impacting the market, reveals MarkNtel Advisors in their research report, "Global Aquaponic & Hydroponic Systems & Equipment Market Analysis, 2023."

Europe to Dominate the Market Owing to Rooftop Aquaponic & Hydroponic Cultivation Practices

On the geographical front, Europe is projected to acquire the largest market share in the forecast years. It owes to the increasing adoption rate of aquaponic & hydroponic cultivation in the region due to growing land scarcity on account of rapid industrialization. In addition, several start-ups & established companies are setting up rooftop aquaponic farms to encourage these practices, thereby promoting the regional market growth. Countries like Germany, the UK, France, Netherlands, among others, are some of the developed regional economies, displaying a growing inclination toward Aquaponic & Hydroponic cultivation, thereby fueling the market growth in Europe. 

Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Aquaponic & Hydroponic Systems & Equipment Market are Aquaponic Lynx LLC, Argus Control Systems Ltd, BetterGrow Hydro, ECF Farmsystems, LivinGreen, My Aquaponics, Nelson and Pade, Inc., Perth Aquaponics, Hydrilla, AmHydro, Backyard Aquaponics Pty Ltd, GreenTech Agro LLC, and Hydrofarm Holdings Group, Inc.

Key Questions Answered in the Study

1. What are the current & future trends in the Global Aquaponic & Hydroponic Systems & Equipment Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Aquaponic & Hydroponic Systems & Equipment Market?
5. What are the customer orientation, purchase behavior, and expectations from the Aquaponic & Hydroponic Systems & Equipment providers across various regions?

Market Segmentation:

1. By Category (Aquaponic, Hydroponic)
2. By Application (Vegetables, Fruits, Herbs, Fish)
3. By Equipment (LED Grow Lights, HVAC, Irrigation Systems, Aeration Systems, Others)
4. By Systems (Nutrient Film Techniques, Deep-Water Culture Systems, Media Filled Grow Beds, Ebb and Flow Systems, Dutch-bucket Systems)
5. By End Users (Micro Farms, Homes, Aquaponics Farms, Others)
6. By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)