Hydroponics Market

2019 Analysis and Review Hydroponics Market by Farming Type- Inorganic & Organic for 2019 - 2029

  • 2020-03-19
  • REP-GB-8993
  • 111 Tables
  • 168 Figures
  • 250 pages
  • Format: PDF/PPT/Excel
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B2B Hydroponics Market Value to Surpass 4,460 Mn in 2029

Exhibiting an impressive CAGR of ~14%, the global B2B hydroponics market will surpass US$ 4,460 Mn mark by 2029. This FMI study reveals that the market will grow at a steady pace during 2019 - 2029.

Growing concern regarding risks that synthetic foods pose to health leads to demand for vegetables and crops that are grown in controlled and safe environments. Hydroponics cultivation is the best choice in this situation as lack of soil in hydroponics eradicates presence of pathogens. Use of hydroponics systems also offers substantial benefits over traditional growing approaches. Through careful management and manipulation of the cultivation environment, including the amount of water, pH levels, and the blend of particular nutrient, plants can be stimulated to grow faster. Moreover, hydroponics facilities also have the advantage of complete traceability in case of food contamination, wherein individual plants that are responsible for contamination can be quickly identified and isolated. This is not possible in conventional soil cultivation methods as the plant growth cycle is not mapped and isolation of affected plants is nearly impossible. 

KEY HIGHLIGHTS

  • The global B2C hydroponics market surpassed its US$ 5.8 Mn mark in 2019.
  • Several countries are currently granting funds and actively promoting hydroponic cultivation, with vertical hydroponic farms and use of cost-effective building materials being major focus areas.
  • In 2015, the government of India announced that hydroponics will be a key focus area for growing fodder. This move is aimed at reducing the risks associated with shortage of dry fodder and animal feed in the foreseeable future.
  • The demand for natural and sustainable vegetables and fruits is increasing due to which farmers are adopting hydroponics farming method for a year-round supply.
  • Europe leads in the hydroponics market while North America is expected to rapidly grow at a robust CAGR of 17.5%.

KEY FACTORS SHAPING THE HYDROPONICS MARKET

  • Need for Improved Food Safety and Traceability 

    As consumers become more health-conscious, the demand for naturally grown fruits and vegetables has increased. As hydroponic farming eliminates the use of artificial ripening agents and pesticides, helping enhance the nutritional value of fruits and vegetables, the market is set to surge in the future.

  • Increasing Demand for Hydroponics based Iceberg Lettuce 

    Demand for iceberg lettuce, which is a type of lettuce that has crisp pale leaves, is consistently increasing, particularly from restaurants and foodservice outlets. The key factor which is boosting the demand for Iceberg-Lettuce is the increasing demand for premium as well as exotic products in the food industry.

COVID-19 MARKET INSIGHTS

The coronavirus pandemic has impacted major businesses worldwide. Supply chain disruptions have occurred due to limited production capacities of manufacturing units, causing a demand-supply gap for various goods. The COVID-19 pandemic has not spared even the hydroponics industry. Leading players specializing in hydroponics have reported that their businesses have suffered due to the lockdown as restaurants, hotels and corporates have shut down. These entities generate the maximum demand for hydroponics-based vegetables. However, they have taken cognizance of this fact and have strengthened their logistics and online marketing to ensure that their products are available to retailers who in turn would sell the produce to the consumers.

Report Metric

Details

Base Year

2014-2018

Forecast Period

2019-2029

B2C Hydroponics Market Value in 2019

US$ 5,880,225 Mn

Regions Covered

North America, Latin America, Europe, APEJ, Japan, and MEA

Key Companies

Heliospectra AB, LumiGrow Inc., Green Sense Farms Holdings, Inc., Koninklijke Philips NV, Scotts Miracle-Gro Co., Argus sControl Systems Ltd., Emirates Hydroponics Farms, Platinum Produce Co., Hollandia Produce, L.P., Eden Farms, AMCO Produce Inc.

Growth Drivers

  • Focus on Diversification of New Technologies in Agriculture to Support Market Growth
  • Need for Improved Food Safety and Traceability 
  • Preference for Naturally-cultivated Produce Boosting Growth of Hydroponics Market

HYDROPONICS MARKET STRUCTURE ANALYSIS

  • Tier one companies are focusing on research and development to produce unique products.
  • Companies are focusing on acquisition and mergers to increase geographical reach and to broaden product portfolio.
  • Large number of players are entering into the hydroponics market due to which competition is getting intense.

Organic Hydroponics Solution Accounts for About 28% Share

The consumers are becoming conscious about the raw materials and source of the raw materials used in the food products. Due to the increasing awareness about health and wellness, consumers are increasingly preferring sustainable and chemical-free food products. Therefore to maintain a healthy lifestyle, consumers have become more willing to spend on organic and natural food products. Due to the increasing demand for organic food products the farmers are adopting organic hydroponics solutions. The food manufacturers are preferring hydroponics based organic vegetables and fruits.

Developing Countries Offer Lucrative Growth Opportunities

Developing nations such as India, Brazil, South Africa, and Thailand are anticipated to offer substantial growth opportunities for hydroponics farming.

Real potential for progress in the global food and beverage industry lies in the developing markets that are fast becoming opportunity centers for several global markets. With a drastic population growth, high urbanization rate, and increased disposable incomes leading to improvements in the basic standard of living, developing markets offer greater potential for producers to address the dietary shifts of customers headed for nutritional products, while catering to confined tastes and needs. This creates novel growth markets for producers across the world’s food value chain. Geographical growth no longer remains the secondary growth strategy. Food manufacturers are adopting go-to-market strategies such as partnerships, collaborations, divestitures, merger & acquisition.

Increasing Demand for Exotic Vegetables & Fruits Improving Adoption of Hydroponics Systems

High demand for exotic vegetables such as kale, lettuce, broccoli, cucumber, and cilantro for use in multi-national and inter-continental cuisines is a chief factor driving the hydroponics market. This is due to the increasing inclination of consumers towards natural and chemical-free food products. This factor contributes to the growth of the hydroponics market. The developing regions are focusing to build the technological advancements to accelerate the production to surge the market demand of hydroponic based products. 

Indoor Hydroponics Farming holds leading revenue share

Outdoor Hydroponics Farming to showcase noteworthy CAGR

Inorganic Hydroponics holds leading revenue share

Organic Hydroponics to showcase noteworthy CAGR

Vegetables holds leading revenue share

Fruits to showcase noteworthy CAGR

B2B holds leading revenue share

B2C to showcase noteworthy CAGR

How Growth will Unfold

Increasing awareness regarding health and wellness worldwide is one of the factors that contributes to the sales of natural food products. In 2014, there were around 14,000 farms that are organic-certified and generated a revenue of approximately US$ 5.5 Bn from organic products in the United States as per a survey conducted by NASS (National Agricultural Statistics Service, U.S.). This scenario has been very beneficial for the hydroponics as well as the organic crops industry. Naturally-grown food products are more preferred over conventionally-grown ones due to the rising awareness about the presence of harmful additives and chemicals in food products. Buyers show a higher preference for naturally-grown products, such as produce grown using hydroponic systems, as these products are free from harmful pesticides, chemicals or additives. With the rise in the demand for naturally/organically-grown food, the sales of hydroponics-based products is anticipated to increase exponentially in the foreseeable future. The farmers are preferring outdoor hydroponics farming method as compare to indoor hydroponics farming method. 

Global Hydroponics Market : Investment Proposition

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Hydroponics Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A recent market study published by Future Market Insights on the hydroponics market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.

Hydroponics Market Taxonomy

The global hydroponics market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Crop Type

  • Vegetables
    • Kohlrabi
    • Radish
    • Cucumber
    • Tomatoes
    • Peppers
    • Others
  • Herbs & Greens
    • Arugula
    • Lettuce
    • Cilantro
    • Basil
    • Mint
    • Parsley
    • Spinach
    • Others
  • Fruits
    • Strawberry
    • Blueberry
    • Watermelons
    • Grapes
    • Cantaloupe
    • Others
  • Flowers

Solutions

  • Organic
    • Bone meal
    • Hoof / Horn meal
    • Fish meal
    • blood meal
    • Cottonseed meal
    • Dried locust or Grasshopper
    • Animal Manure
    • Others
  • In Organic
    • Macronutrients
    • Micronutrients

Farming Type

  • Indoor Farming
  • Outdoor Farming

Distribution Channel

  • B2B
  • B2C
    • Modern Trade
    • Grocery Stores
    • Specialty Stores
    • Bulk Suppliers & Distributors
    • Online retailers

Region

  • Global
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

What's Included

The executive summary of the hydroponics market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global hydroponics market.

Readers can find the detailed segmentation and definition of the hydroponics market in this chapter, which will help them understand basic information about the hydroponics market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the hydroponics market report.

The associated industry assessment of the hydroponics market is carried out in this section. The macroeconomic factors affecting growth of the hydroponics market are provided in this section and the impact of these macroeconomic indicators on the hydroponics market is analyzed. The processing overview and technological advancements in the hydroponics market is also provided.

Profit margins at each level of the hydroponics market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.

The drivers and restraints impacting the growth of the hydroponics market are explained in this chapter. Opportunities and ongoing trends in the hydroponics market are also comprehensively discussed.

This chapter includes detailed analysis of the historical hydroponics market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 2020) and incremental opportunity for the forecast period (20192029).

Based on crop type, the hydroponics market is segmented into Vegetables, Herbs & Greens, Fruits & Flowers. The vegetable is further segmented into Kohlrabi, Radish, Cucumber, Tomatoes, Peppers and others. The herbs and greens are further segmented into Arugula, Lettuce, Cilantro, Basil, Mint, Parsley, Spinach, and others. The fruits are further segmented into Strawberry, Blueberry, Watermelons, Grapes, and others.   This section also offers market attractiveness analysis based on crop type.

Based on solutions, the hydroponics market is segmented into organic and inorganic. The inorganic is further segmented into Macronutrients and Micronutrients. The organic is further segmented into Bone meal, Hoof / Horn meal, Fish meal, blood meal, Dried locust or Grasshopper,  Animal Manure and others. This section also offers market attractiveness analysis based on solutions.

Based on farming type, the hydroponics market is segmented into indoor and outdoor farming. This section also offers market attractiveness analysis based on farming type.

This chapter provides details about the hydroponics market on the basis of distribution channel, and has been classified into. The B2C is further segmented into Modern Trade, Grocery Stores, Specialty Stores, Bulk Suppliers & Distributors and Online retailers. In this chapter, readers can understand market attractive analysis based on distribution channel.

This chapter explains how the hydroponics market is anticipated to grow across North America, Latin America, Europe, East Asia, South Asia Oceania, the Middle East and Africa.

This chapter includes a detailed analysis of the growth of the hydroponics market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the hydroponics market in the Latin America region. This chapter also includes growth prospects of the hydroponics market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Important growth prospects of the hydroponics market based on its application in several countries such as Germany, Italy, France, Spain, Netherlands, UK, Nordic, BENELUX, Russia, and Rest of Europe are included in this chapter.

This chapter includes a detailed analysis of the growth of the hydroponics market in the East Asia region, along with a country-wise assessment that includes, China, South Korea and Japan. Readers can also find regional trends, regulations, and market growth based on applications and countries in the East Asia region.

This chapter includes a detailed analysis of the growth of the hydroponics market in the South Asia region, along with a country-wise assessment that includes India, Thailand, Indonesia, Malaysia, Singapore and Rest of South Asia.  Readers can also find regional trends, regulations, and market growth based on applications and countries in the South Asia region.

This chapter offers insights into how the hydroponics market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa and Central Africa, during the forecast period 2019-2029.

This chapter offers insights into how the hydroponics market is expected to grow in major countries in the Oceania region such as Australia & New Zealand during the forecast period 2019-2029.

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the hydroponics market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of leading manufacturers in the hydroponics market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Heliospectra AB, LumiGrow Inc., Green Sense Farms Holdings, Inc., Koninklijke Philips NV, Scotts Miracle-Gro Co., Argus Control Systems Ltd., Emirates Hydroponics Farms, Platinum Produce Co., Hollandia Produce, L.P., Eden Farms, AMCO Produce Inc. and many other players.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the hydroponics report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the hydroponics market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits hydroponics market designation

Primary Interview Splits hydroponics market stakeholder

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