New York, NY, July 27, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Hydroponic Vegetables Market by Type (Spinach, Tomatoes, Peppers, Lettuce, Cucumber, and Others), by Distribution Channel (Unorganized small stores, Grocery stores, Hypermarket or a Supermarket, Whole food and Specialty stores, Distributors, Bulk suppliers, and Others), and by Origin (Conventional and Natural & Organic): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, the global hydroponic vegetables market accounted for USD 223.37 million in 2017 and is expected to reach USD 228.24 million by 2024, growing at a CAGR of around 6.5 % between 2018 and 2024.
Hydroponic crops also include food crops and other decorative crops such as flowers, but mostly hydroponic crop growers have started to grow decorative crops besides edible crops. The global hydroponic vegetables market is projected to enhance the growth over the forecast period due to increasing demand from the food industry. World food demand is increasing rapidly, around 2 lakh people are added to the population that affects the hydroponic vegetables resulting in increasing demand for the food. In addition, 10 to 16% of the crop is eaten by farm animals in search of food in such case the hydroponics provides an effective solution.
Browse through 29 Tables & 29 Figures spread over 110 Pages and in-depth TOC on "Global Hydroponic Vegetables Market: By Type, Size, Industry Share, Trends, Growth and Forecast, 2017 - 2024”.
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Hydroponics has high yield than traditional agricultural method. It also provides higher yield with lower inputs without compromising on safety and quality of food.
The hydroponic harvesting is controlled by the special system which performs functions like monitors the humidity inside the greenhouse and nutritive content in the feed, as well as feed water concentrate & fertilizer. This process is free of all the disease and pollution. This technique of harvesting consumes 75-80% of feed by the proper use of feedwater concentrate & fertilizer. Hydroponic harvests are simple to preserve both outdoors and indoors and the crop has long duration shelf life.
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The hydroponics vegetables market is classified on the basis of vegetable type, distribution channel, and origin. On the basis of vegetable type, the market is classified into spinach, tomatoes, peppers, lettuce, cucumber, and others. In 2017, lettuce vegetable segment accounted for over 32.9% of the global hydroponic vegetable market. Moreover, the market is anticipated to show significant growth in the case of tomatoes, which is projected to register a CAGR of 9.6% over the forecast period.
On the basis of the distribution channel, the global hydroponic vegetables market is categorized into unorganized small stores, grocery stores, hypermarket or a supermarket, whole food and specialty stores, distributors, bulk suppliers and others. Hypermarket or a supermarket division is anticipated to lead the global hydroponic vegetables market. On the basis of origin, the market is further bifurcated into the conventional segment and natural & organic segment. The conventional segment accounts for a relatively high revenue share over the forecast period.
Browse the full "Hydroponic Vegetables Market by Type (Spinach, Tomatoes, Peppers, Lettuce, Cucumber, and Others), by Distribution Channel (Unorganized small stores, Grocery stores, Hypermarket or a Supermarket, Whole food and Specialty stores, Distributors, Bulk suppliers, and Others), and by Origin (Conventional and Natural & Organic): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/hydroponic-vegetables-market
Europe region accounted for most of the global volume. Europe held the largest market for hydroponic vegetables in the world due to the advancement in greenhouse harvesting. The Asia Pacific accounted for the second largest share followed by Europe in 2017.
Asia Pacific region is expected to witness significant growth within the forecast period owing to rising construction industry in the region, especially in countries like China, India, Thailand, and Vietnam. Moreover, the presence of the key players in the region could drive the demand for hydroponic vegetables during the forecast period. In addition, rising health awareness among the population in the countries of the Asia Pacific region will lead to the increase in the consumption of hydroponic vegetables.
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Europe accounted for a large market share of hydroponic vegetables. The region is expected to witness growth on account of increased government spending on the agricultural segment and greenhouse activities. However, environmental concerns associated with the harvesting of hydroponic vegetables is expected to curb the growth of the hydroponic vegetables market.
North America is one of the largest consumers of hydroponic vegetables and is expected to witness significant growth within the forecast period due to the high concentration of venture capitalists, regional established R&D institutes, and strong technical expertise.
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Latin America hydroponic vegetables market is expected to witness a decent growth over the forecast period as a result of the low GDPs in the region. Lack of technical expertise and technology advancement in greenhouse agriculture restrains the growth of hydroponic vegetables market.
The Middle East & Africa hydroponic vegetables market is expected to witness significant growth within the forecast period as a result of increasing consumption of fresh & natural food. In addition, increased government spending on agricultural technique is also expected to spur the agriculture sector.
The key players in this industry are Hydrodynamics International, Inc, Greentech Agro, Llc, Argus Controls, BrightFarms and KUBO Greenhouse Projects, Thanet Earth, Pegasus Agritech, James Foskett farms, Valoya, Logiqs B.V, Village farms international, Hydrofarm, Inc., HortiMaX, Lumigrow, Inc., Koninklijke Philips NV, Heliospectra AB, General Hydroponics, Inc., Circle Fresh Farms and Growlife. Other players include Terra Tech., FormFlex, and American Hydroponics, Inc. among others.
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This report segments the global hydroponic vegetables market as follows:
Global Hydroponic vegetables Market: Type Analysis
- Spinach
- Tomatoes
- Peppers
- Lettuce
- Cucumber
- Others
Global Hydroponic vegetables Market: Distribution type Analysis
- Unorganized small stores
- Grocery stores
- Hypermarket or a supermarket
- Whole food and specialty stores
- Distributors
- Bulk suppliers
- Others
Global Hydroponic vegetables Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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