Hydroponics Market is expected to reach above USD 4.53 billion by 2030- Exactitude Consultancy

The Hydroponics market is segmented based on material, process, crop type and region. Based on Type, market share of roughly 55% was controlled by aggregate systems, which are widely used by indoor hydroponic farmers due to their affordability and ease of setup

Luton, Bedfordshire, United Kingdom, July 03, 2024 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Hydroponics Market.

The hydroponics market is expected to grow at 7.4% CAGR from 2020 to 2029. It is expected to reach above USD 4.53 billion by 2030 from USD 2.36 billion in 2020.

Get a Sample PDF Brochure: https://exactitudeconsultancy.com/reports/21213/hydroponics-market/#request-a-sample

The Hydroponics Market has experienced swift and substantial growth recently, with projections indicating that this expansion will continue from 2024 to 2030. The positive trajectory in market dynamics, combined with anticipated ongoing growth, suggests robust growth rates throughout the forecast period. In essence, the market is poised for significant development. Over the past few years, the Hydroponics Market has seen rapid and considerable growth, and the forecasts for sustained expansion between 2024 and 2030 reflect a consistent upward trend, indicating strong growth rates in the future.

Throughout the forecast period from 2024 to 2030, the Hydroponics Market undergoes a thorough assessment. This analysis explores distinct segments, examining prevalent trends and key factors that shape the market landscape. It includes an in-depth investigation of market dynamics, covering drivers, restraints, opportunities, and challenges, to understand their collective impact on the market. Both internal elements like drivers and restraints, as well as external aspects such as market opportunities and challenges, are considered. The current market study offers a revenue outlook for the market’s development during the forecast period.

Competitive Landscape:

The Hydroponics market key players Triton Food works Pvt, Ltd, Green Sense Farms, Emirated Hydroponics Farm, Gotham Greens, American Hydroponics, Advanced Nutrients, Vitalink, AeroFarms, Badia Farms, InFarm, Bright Farms..

Get a Full Report Access: https://exactitudeconsultancy.com/reports/21213/hydroponics-market/

Recent Developments

25-10-2022: – AeroFarms announced the expansion from the Northeast region to all Whole Foods Market locations nationwide to meet increased customer demand for its specialty greens celebrated for their elevated flavor. The AeroFarms national launch is an industry first for an indoor grower to be part of the Whole Foods Market Global Planogram.

20-09-2022: – Leading vertical farm companies had committed to a Vertical Farming Identity Statement and Industry Manifesto. An unprecedented industry momentum to contribute jointly to a sustainable transformation of global food systems.

Report Scope:

ATTRIBUTE DETAILS
Study period 2020-2029
Base year 2021
Estimated year 2022
Forecasted year 2022-2029
Historical period 2018-2020
Unit Value (USD BILLION)
Segmentation By Type, By Input, By Crop Type, By Region
By Type Aggregate Systems
Liquid Systems
By Input Nutrients
Grow Media
By Crop Type Vegetables
Fruits
Flowers
By Region North America
Asia Pacific
Europe
South America
Middle East Asia & Africa

Hydroponics Market Segment Analysis

The Hydroponics market is segmented based on material, process, crop type and region. Based on Type, market share of roughly 55% was controlled by aggregate systems, which are widely used by indoor hydroponic farmers due to their affordability and ease of setup. The plants in these systems are supported by inert and solid media, such as peat, rock wool, vermiculite, sand, sawdust, perlite, or coconut coir. While closed system cultivation is becoming more and more popular among farmers, the liquid systems market is predicted to grow at the quickest CAGR.

Based on input, Nutrients and growth media make up the two segments of the hydroponics input market. The hydroponics market is anticipated to be dominated by the fertilizers segment. This segment’s substantial market share is explained by the requirement to grow crops in both aggregate and non-aggregate systems. The three main nutrients that plants need to grow are nitrogen, phosphorus, and potassium. Lack of these nutrients causes the plants to become discolored, grow slowly, and have sporadic blotches.

Based on crop type, the hydroponics market is divided into segments for fruits, vegetables, flowers, and other types of crops. The worldwide hydroponics market is anticipated to be dominated by the vegetable segment. The significant market position held by this sector can be attributable to the rising demand for exotic and vegetables of the highest quality. The greater spending capacity of customers in most developed and emerging countries has led to a continuous increase in the demand for exotic vegetables.

On the basis of geography

Europe has been one of the main regions in the world market for hydroponics, accounting for 34% of the total market, and it is anticipated that this trend would continue in the years to come. The popularity of hydroponic farming is being sparked by the rising demand for organic produce in Europe. Growers like hydroponics because it enables the production of premium organic produce in a controlled environment. The Netherlands is one of the top hydroponic farming nations in the world and is home to some of the biggest hydroponic farms in Europe. The nation has a long history of agricultural innovation and is renowned for its cutting-edge technology and environmentally friendly farming methods.

In addition, to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

We have also focused on technological lead, profitability, company size, company valuation in relation to the industry and analysis of products and applications in relation to market growth and market share.

We Offer Customization on Report Based on Specific Client Requirement:
– Free Country Level analysis for any +5 countries of your choice.
– Free Competitive analysis of any +5 key market players.
– Free +40 analyst hours to cover any other data point.

About Exactitude Consultancy

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

More Research Finding –

Plant-Based Meat Market – https://exactitudeconsultancy.com/reports/22537/plant-based-meat-market/

The plant-based meat market is expected to grow at 19.3% CAGR from 2022 to 2029. It is expected to reach above USD 20.76 billion by 2029 from USD 4.24 billion in 2020.

High Pressure Processing Equipment Market – https://exactitudeconsultancy.com/reports/22532/high-pressure-processing-equipment-market/

The High Pressure Processing Equipment Market is expected to grow at 12.5 % CAGR from 2022 to 2029. It is expected to reach above USD 1219.77 million by 2029 from USD 475.4 million in 2021.

Feed Additives Market  – https://exactitudeconsultancy.com/reports/22516/feed-additives-market/

The global feed additives market size was valued at USD 36.9 billion in 2020, and projected to reach USD 59.39 billion by 2029, with a CAGR of 5.43% from 2022 to 2029.

Vertical Farming Market – https://exactitudeconsultancy.com/reports/22110/vertical-farming-market/

Vertical farming market is expected to grow at 24% CAGR from 2022 to 2029. It was valued 3.20 billion at 2020. It is expected to reach above USD 22.18 billion by 2029.

Prebiotic Ingredient Market – https://exactitudeconsultancy.com/reports/22000/prebiotic-ingredient-market/

Global prebiotic ingredient’ market is estimated to be USD 6.05 billion in 2020 and is projected to reach USD 15.31 billion by 2029, at a CAGR of 14.9% from 2022 to 2029.

Eubiotics Market – https://exactitudeconsultancy.com/reports/21947/eubiotics-market/

The eubiotics market is expected to grow at 8.7% CAGR from 2022 to 2029. It is expected to reach above USD 8.97 billion by 2029 from USD 4.6 billion in 2020.

Direct-fed Microbials (DFM) Market – https://exactitudeconsultancy.com/reports/21849/direct-fed-microbials-dfm-market/

Direct-fed microbials (DFM) market is expected to grow at 6.4% CAGR from 2022 to 2029. It was valued 1.20 billion at 2020. It is expected to reach above USD 2.10 billion by 2029.

Probiotics In Animal Feed Market – https://exactitudeconsultancy.com/reports/21850/probiotics-in-animal-feed-market/

The global probiotics in c market size is expected to grow at more than 7.66% CAGR from 2021 to 2029. It is expected to reach above USD 7.48 billion by 2029 from a little above USD 3.85 billion in 2020.

Cultured Meat Market – https://exactitudeconsultancy.com/reports/21827/cultured-meat-market/

The cultured meat market is expected to grow at 17.2% CAGR from 2022 to 2029. It is expected to reach above USD 380.54 million by 2029 from USD 106.9 million in 2021.

Taste Modulators Market – https://exactitudeconsultancy.com/reports/21810/taste-modulators-market/

The taste modulators market is expected to grow at 7.3 % CAGR from 2022 to 2029. It is expected to reach above USD 2.78 billion by 2029 from USD 1.2 billion in 2020.

Global Collagen Peptides Market – https://exactitudeconsultancy.com/reports/21524/collagen-peptides-market/

The global collagen peptides market is expected to grow at 6.80 % CAGR from 2020 to 2029. It is expected to reach above USD 1238.32 Million by 2029 from USD 685 Million in 2020.

Protective Cultures Market – https://exactitudeconsultancy.com/reports/21526/protective-cultures-market/

Protective cultures market is expected to grow at 23.6% CAGR from 2022 to 2029. It was valued 101 million at 2020. It is expected to reach above USD 679.97 million by 2029.

Sodium Reduction Ingredients Market – https://exactitudeconsultancy.com/reports/21259/sodium-reduction-ingredients-market/

The sodium reduction ingredients market is expected to grow at 11.2% CAGR from 2022 to 2029. It is expected to reach above USD 2.81Billion by 2029 from USD 1.08 Billion in 2020.

CONTACT: For your special interest research needs at sales@exactitudeconsultancy.com and we will get in touch with you within 24hrs and help you find the market research report you need. Website: https://exactitudeconsultancy.com/ Contact: Irfan Tamboli  sales@exactitudeconsultancy.com +91-7507-07-8687

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy