What Has Driven the Growth of the Hydroponics Market in Recent Years?
The hydroponics market has seen considerable growth due to a variety of factors.
• In recent times, the hydroponics market has experienced a significant surge in size. It's estimated to expand from a market value of $15.57 billion in 2024 to $17.3 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%.
Factors such as the efficient use of resources, conservation of water, scarcity of land, the adoption of urban agriculture, less reliance on soil quality, and all-year-round production have contributed to the growth during the historic period.
What is the Forecasted Growth of the Hydroponics Market Size?
The hydroponics market is expected to maintain its strong growth trajectory in upcoming years.
• A swift expansion is forecasted for the hydroponics market in the following years, escalating to a value of $28.95 billion by 2029, with a compound annual growth rate (CAGR) of 13.7%.
Factors contributing to this growth throughout the forecast period include the assimilation of sustainable practices, the public's demand for fresh produce, worries over food security, governmental support and incentives, and educational and research initiatives. Noteworthy trends during this period will encompass smart farming technologies, vertical farming systems, nutrient film technique systems, sustainable and organic hydroponic practices, and the incorporation of aeroponics technology.
Which Factors Are Boosting Growth In The Hydroponics Market?
The escalating awareness around the importance of health is anticipated to steer the hydroponics market in the days to come. The term health consciousness points to the understanding and active measures taken by individuals for ensuring and enhancing health and wellness. This includes a mixture of behaviors, perspectives, and perceptions regarding physical fitness, nutrition, and lifestyle decisions. The rise in health consciousness is catalyzed by several factors such as high occurrences of lifestyle-related illnesses including obesity, diabetes, and heart diseases. These ailments have heightened the awareness about the significance of a healthy lifestyle. Hydroponic food, cultivated in governed surroundings that allows for accurate nutrient administration and fewer utilization of pesticides, turns out to be the perfect option for health-conscious segment as it results in fresh, uncontaminated, and nutrient-dense yield. To exemplify, a survey in May 2022 amongst 1,005 American adults aged between 18 and 80, and Gen Z consumers aged between 18-24, done by the International Food Information Council, a non-profit organization based in the US, revealed that around 52% of the respondents adhered to a specific diet or eating pattern, a rise from 39% in 2021. Moreover, clean eating (16%), mindful eating (14%), and calorie counting (13%) were the leading choices. Thus, the burgeoning consciousness about health is propelling the hydroponics market.
What Is The Segmentation Of The Global Hydroponics Market?
The hydroponics market covered in this report is segmented –
1) By Type: Aggregate Systems, Liquid Systems
2) By Farming: Indoor Farming, Outdoor Farming
3) By Crop Type: Vegetables, Fruits, Flowers
Subsegments:
1) By Aggregate Systems: Ebb And Flow Systems (Flood and Drain), Drip Systems, Wick Systems, Aeroponics Systems (Using Aggregate Medium)
2) By Liquid Systems: Nutrient Film Technique (NFT), Deep Water Culture (DWC), Aeroponics Systems (Mist-Based), Continuous Flow Systems
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What Emerging Trends Are Shaping The Hydroponics Market?
Leading businesses in the hydroponics market are progressing by establishing sophisticated manufacturing facilities which incorporate technologies like Smart Control Apps. This technology aids in robust monitoring and fine-tuning of variables such as the nutrient concentration, lighting, temperature, and humidity in real-time. The result is improved plant development and efficient use of resources. The Smart Control App is a technological tool that facilitates the remote monitoring and adaptation of the environmental conditions in hydroponic systems. For instance, the hydroponics company, Vertefarm, based in the US, launched a hydroponic micro plant factory in April 2024. This micro plant factory, tailor-made for in-home gardens, marries advanced hydroponics to a smart control app. This app permits remote supervision and regulation of conditions essential for plant growth. Users have the luxury of fine-tuning parameters like light, water, and nutrient levels, via their smartphones guaranteeing optimal conditions for plant growth without the need for continuous oversight. The micro plant factory is designed to be compact and visually appealing, making it an ideal choice for assorted residential spaces, such as apartments and small homes.
Who Are the Key Players in the Hydroponics Market?
Major companies operating in the hydroponics market include:
• The Scotts Miracle-Gro Company
• Hydrofarm Holdings Group Inc.
• Village Farms International Inc.
• Freight Farms Inc.
• AeroFarms LLC
• Crop One Holdings Inc.
• Bright Farms Inc.
• BioHarvest Sciences Inc.
• Urban Crop Solutions
• Agrilution Systems GmbH
• 3Dponics Inc.
• American Hydroponics
• Illumitex Inc.
• Back to the Roots
• CityCrop Inc.
• Fresh Box Farms
• Green Spirit Horticulture
• IBIÒ Inc.
• Indoor Harvest Corporation
• Modular Farms Inc.
• Thanet Earth Limited
• Evergreen Farm Oy
• Green Sense Farms LLC
• GreenTech Agro LLC
• Heliospectra AB
• LettUs Grow Ltd.
• Aessense Corporation
• Agrivolution LLC
• CropKing Inc
• Valoya Inc.
What are the Regional Insights into the Hydroponics Market?
Western Europe was the largest region in the hydroponics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydroponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
