Dublin, Oct. 04, 2023 (GLOBE NEWSWIRE) -- The "Hydroponic Vegetables Market, By Vegetable Type, By Distribution Channel, By Farming Type, Origin, By Region- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
Global hydroponic vegetables market is projected to reach a value of $18.47 billion by 2030 from $10.82 billion in 2022, growing at a CAGR of 6.9%
This report provides in-depth analysis of the global hydroponic vegetables market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
The hydroponics market encompasses the sale of hydroponic solutions by various entities, including organizations, sole traders, and partnerships. Hydroponics is a method of plant cultivation that relies on a water-based, nutrient-rich solution, enabling plant roots to absorb essential nutrients for growth.
This approach is versatile, as it allows plants to thrive in liquid, sand, or gravel mediums by providing necessary nutrients. Hydroponics is widely adopted by farmers and growers to cultivate a variety of crops, including vegetables, herbs, fruits, and flowers, in a soil-free environment.
The market for hydroponic vegetables is expected to witness growth due to the increasing prevalence of soil-borne diseases caused by harmful microorganisms found in traditional soil-based farming. These pathogens can damage plant roots, leading to plant death and posing health risks when consuming contaminated produce. Hydroponic cultivation provides a viable solution to mitigate soil-borne diseases, promoting market growth.
Government initiatives involving increased investment in hydroponic vegetable cultivation to meet rising global demand are projected to drive market expansion. The growth of urban populations and the rising disposable income of consumers have led to increased demand for fresh fruits, salads, and convenient food products, further fueling the hydroponic vegetable market's growth prospects.
However, the lack of supportive government policies and tax incentives in emerging economies may hinder the growth of the hydroponic vegetable market during the forecast period.
Key companies featured in this study include AMCO Produce Inc., Eden Farms, Hollandia Produce, L.P., Bright Farms Inc, Soave Enterprises LLC., Village Farms International, Inc., Platinum Produce Company, Millennium Pacific Greenhouses Ltd., Emirates Hydroponics Farms, and Thanet Earth Ltd.
Key features of the study:
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global hydroponic vegetables market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
- The global hydroponic vegetables market report caters to various stakeholders in this industry including investors, suppliers, hydroponic vegetable manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydroponic vegetables market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 110 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $10.82 Billion |
| Forecasted Market Value (USD) by 2030 | $18.47 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Company Profiles
- AMCO Produce Inc.
- Eden Farms
- Hollandia Produce, L.P.
- Bright Farms Inc.
- Soave Enterprises LLC.
- Village Farms International, Inc.
- Platinum Produce Company
- Millennium Pacific Greenhouses Ltd.
- Emirates Hydroponics Farms
- Thanet Earth Ltd.
Detailed Segmentation:
Global Hydroponic Vegetables Market, By Vegetable Type:
- Cucumber
- Lettuce
- Spinach
- Peppers
- Tomatoes
- Others
Global Hydroponic Vegetables Market, By Distribution Channel:
- Hypermarket & Supermarket
- Grocery Stores
- Unorganized Small Stores
- Whole Foods & Specialty Stores
- Bulk Suppliers & Distributors
- Others
Global Hydroponic Vegetables Market, By Farming Type:
- Indoor
- Outdoor
Global Hydroponic Vegetables Market, By Origin:
- Natural & Organic
- Conventional
- Global Hydroponic Vegetables Market, By Region:
- North America
- U.S.
- Canada
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Rest of Middle East
- Africa
- Central Africa
- South Africa
For more information about this report visit https://www.researchandmarkets.com/r/v1rzxp
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