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Hydroponics Market Report 2023 - Size, Analysis, Key Trends And Industry Forecast To 2032 | AeroFarms, Freight Farms, ScottsMiracle-Gro, General Hydroponics Inc., American Hydroponics
Hydroponics Market
Hydroponics Market Size, Growth Rate, And Forecast
The global hydroponics market size grew from $12.71 billion in 2022 to $14.12 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydroponics market size is expected to grow to $21.9 billion in 2027 at a CAGR of 11.6%.
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Hydroponics Market Drivers
The growing demand for exotic vegetables is expected to propel the hydroponics market. Rapid growth in urban population among emerging economies, and the growing establishment of gourmet restaurants across the globe are contributing to rapid growth in consumption of exotic vegetables such as mushrooms, tangy kiwis, green olives, and fresh broccoli, dragon fruit, and others.
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Hydroponics Market Segments
By Type: Aggregate Systems, Liquid Systems.
By Farming: Indoor Farming, Outdoor Farming.
By Crop Type: Vegetables, Fruits, Flowers.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Hydroponics market.
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Hydroponics Market Key Players
Major competitors in the hydroponics market include AeroFarms, Freight Farms, ScottsMiracle-Gro, General Hydroponics Inc., American Hydroponics, Hydrofarm Holdings Group, Hortisystems UK Ltd.
The Business Research Company's "Global Hydroponics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Hydroponics Market Include:
1. Executive Summary
2. Hydroponics Market Characteristics
3. Hydroponics Market Trends And Strategies
4. Hydroponics Market - Macro Economic Scenario
5. Hydroponics Market Size And Growth
……
26. Africa Hydroponics Market
27. Hydroponics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydroponics Market
29. Hydroponics Market Future Outlook and Potential Analysis
30. Appendix
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