Hydroponic Vegetables Market

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

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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

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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.
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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.
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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.

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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.

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Figure 2. Global Hydroponic Vegetables Market
Opportunity Analysis
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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.

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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.
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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.

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• 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.

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  market-insight/hydroponic-vegetables-market-4004

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