According to the report, “Hydroponic Vegetables Market, by Vegetable Type (Cucumber, Lettuce, Spinach, Peppers, Tomatoes), Distribution Channel (Modern Trade, Grocery Stores, Unorganized Small Stores, Whole Food and Specialty Stores, Bulk Suppliers and Distributors), Origin (Natural & Organic, Conventional), Farming Type (Indoor Farming, Outdoor Farming) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022”, the market for hydroponics vegetables is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
Hydroponics is an art of growing plants without the use of soil by using the mineral nutrient solution present in water. The hydroponics vegetables market is bound to increase globally due to rise in production of hydroponic vegetables. Although most of the vegetables can be grown through hydroponics, there are some vegetables that can grow better than the rest. Hydroponics is a great solution to climate changes as it saves water, land and uses lesser fertilizers. Considering the advantages associated with hydroponics, the market is bound to grow at a fast pace during the forecasted period. This report studies the current and future aspects of hydroponics vegetables market.
KEY PREMIUM INDUSTRY INSIGHTS
Consumption of contaminated vegetables and green vegetables can lead to poisoning. The rise in awareness regarding the risk involved in eating contaminated vegetables is increasing the demand vegetables produced in safe and organic environment.
Hydroponic vegetables are ideal in this situation as they do not need soil to grow and soil is a medium wherein most of the organisms incubate. This factor is contributing towards the market growth and creating newer growth opportunities for the market.
The hydroponic vegetables market is also growing because the major brands are getting into mergers and acquisitions. In addition, the rise in urbanization is also promoting the market growth.
The hydroponic vegetables market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor of the hydroponics vegetables market. Next in line is the North America region which is witnessing a rapid growth of the market. With an increase trend of hydroponics vegetables, the Asia-Pacific region is also gaining momentum during the forecasted period.
Latin America and Middle East & Africa region are also contributing a decent share of revenue towards the hydroponics vegetables market.
KEY MARKET PLAYERS
Key players in the hydroponics vegetables market include:
1. AMCO Produce Inc.
2. Eden Farms
3. Hollandia Produce, L.P.
4. Bright Farms Inc.
5. Soave Enterprises LLC.
6. Village Farms International, Inc.
7. Platinum Produce Company
8. Millennium Pacific Greenhouses Ltd.
9. Emirates Hydroponics Farms
10. Thanet Earth Ltd.
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