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Hydroponic Vegetables Market

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Title: Hydroponic Vegetables Market


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
HYDROPONIC VEGETABLES MARKET ANALYSIS
  • Hydroponic Vegetables Market, By Vegetable Type
    (Cucumber, Lettuce, Spinach, Peppers, Tomatoes,
    Others), By Distribution Channel (Hypermarket
    Supermarket, Grocery Stores, Unorganized Small
    Stores, Whole Foods Specialty Stores, Bulk
    Suppliers Distributors, Others), By Farming
    Type (Indoor, Outdoor), By Origin (Natural
    Organic, Conventional), and By Region (North
    America, Latin America, Europe, Asia Pacific,
    Middle East Africa) - Size, Share, Outlook, and
    Opportunity Analysis, 2020 - 2027

3
Hydroponic is an advanced technology that
involves growing of plants without soil.
Hydroponic gardens offer all the nutrients to
the plant without involving soil, sunlight, and
extra labor. It involves the growth of plants in
water. All the essential nutrients are dissolved
in the water and supplied to the plant on a
regular basis for proper development.
Hydroponically grown vegetables are high quality
and require very little washing. The global
hydroponic vegetables market is projected to
reach around US 13,731.5 million by the end
of 2027, in terms of revenue, growing at CAGR
of 6.6 during the forecast period (2020-2027). Dr
ivers Growing demand for locally or regionally
produced vegetables is primarily fueling the
market growth of hydroponic vegetables.
Rising demand for fresh and organic food products
due to increasing awareness regarding the health
benefits of organic food products. Moreover,
growing demand for the clean label with natural
ingredients is also expected to foster the market
growth of the hydroponic vegetables over the
forecast timeframe. Rising prevalence of
soil-borne disease caused due to microorganisms
present in the soil is expected to foster the
market growth of hydroponic vegetable. These
microorganisms cause damages to the root of the
plant and lead to the death of the plant.
Moreover, the consumption of contaminated or
diseased plants may lead to various health issues
and in these cases, hydroponic plants are
suitable alternative in order to prevent
soil-borne disease. Thus, growing soil-borne
disease is expected to augment the market growth
of the hydroponic plant.
4
Figure 1. Global Hydroponic Vegetables Market
Share () in terms of Value, By Region, in 2019
Europe region dominated the global hydroponic
vegetables market in 2019, accounting
for 53.8 share in terms of value, followed by
North America and Asia Pacific, respectively.
5
Market Restraints
  • High energy consumption as compared to
    traditional farming is expected to restraint the
    market growth of the hydroponic
    vegetable. Traditional farming completely depends
    on direct sunlight and involves a simple
    irrigation system whereas hydroponic
    cultivation requires artificial temperature and
    lightening controls, this is increasing overall
    energy costs thus hindering the market growth.

6
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7
Market Opportunities
  • The development of the innovative cultivation
    system is expected to bring new opportunities to
    the market of hydroponic vegetables. For
    instance, in September 2019, Verdeat launched its
    hydroponic garden system for the home controlled
    by a smartphone app and designed to fit inside
    the house or apartment. Moreover, it is like a
    growing number of at-home hydroponic systems.
    Hence, the launch of innovative hydroponic
    product is expected to propel the market growth.
  • Increasing establishment of hydroponic vegetable
    restaurant around the globe is projected to offer
    lucrative opportunities to the market of
    hydroponic vegetables. For instance, in January
    2017, LeafIn, which is a hydroponic vegetable
    restaurant, opened in China. This is the first
    hydroponic vegetable restaurant in the country.
    Therefore, the growing introduction of hydroponic
    vegetable restaurant will favor the market growth
    over the forecast period.

8
Figure 2. Global Hydroponic Vegetables Market
Opportunity Analysis
9
Market Trends
  • Growing demand for iceberg lettuce especially
    from service outlets is a major trend and this
    trend is projected to propel the market growth of
    hydroponic vegetables. According to the Coherent
    Market Insights analysis, McDonald's uses a
    substantial amount of hydroponically-grown
    iceberg lettuce in burgers. In Puerto Rico alone,
    McDonald's consumes over 45,000 pounds of iceberg
    lettuce every month.

10
Figure 3. Global Hydroponic Vegetables Market
Share () in terms of Value, By Distribution
Channel, in 2019
On the basis of distribution channel in 2019, the
hypermarket supermarket segment has accounted
the largest market share of 42.3 in terms of
value, followed by grocery stores and whole foods
specialty stores segment respectively.
11
Global Hydroponic Vegetables Market - Impact of
Coronavirus (Covid-19) Pandemic
  • The current pandemic has disrupted farming and
    food supply chains and has increased widespread
    shortage of food and price increases. Hydroponic
    farming is expected to strengthen the food
    security during the pandemic. There has been
    increasing demand for fresh vegetables and
    fruits. The pandemic has increased awareness
    regarding healthy eating and overall healthy
    lifestyle. The crisis has led to need for
    development of local farming. Singapore announced
    new measures to accelerate food production by
    transforming car park rooftops in public housing
    estates into urban farms. According to Coherent
    Market Insights, hydroponic vegetables market is
    expected to grow at a substantial rate between
    2020 and 2021.

12
  • Competitive Section
  • Company Names 
  • 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.

13
  • Request Sample Report
  • Request Customization
  • Download PDF brochure
  • Talk To Analyst
  • Buy Now
  • Reference https//www.coherentmarketinsights.com/
    market-insight/hydroponic-vegetables-market-4004

14
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

15
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

16
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