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Global Hydroponic Vegetables Market Worth US$ 19.94 billion at A CAGR of 7.7%

 

According to the new press release, "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", published by Scalar Market Research, the global polishing market was valued at over US$ 12.79 billion in 2016, and it expected to surpass US$ 19.94 billion at a CAGR of  7.7% during the forecast period (2016-2022).

          

Hydroponic vegetables are one of the fastest growing sector in the field of agriculture and is expected to dominate the global food production. With rising global population and increasing urbanization, new technologies such as hydroponics and vertical farming can be the future solution. The market size of hydroponic vegetables market is estimated at US$ 12.79 billion in 2016. Conventional hydroponics is expected to remain the largest segment by origin, as many countries do not recognize hydroponics produce as organic. Europe dominates the global hydroponic vegetables market due to favourable government policies, well-established marketing system, and the willingness of growers towards modern technologies

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Key findings of the report:

  • 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 hydroponics 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 hydroponics 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.

Browse Report Summary: https://www.scalarmarketresearch.com/market-reports/hydroponic-vegetables-market

Key Topics Covered:

  • Market Overview
  • Executive Summary
  • Market Dynamics
  • Industry Analysis
  • Hydroponic vegetables Market, By Vegetable Type
  • Hydroponic vegetables Market, By Distribution Channel
  • Hydroponic vegetables Market, By Origin
  • Hydroponic vegetables Market, By Farming Type
  • Hydroponic vegetables Market, By Geography
  • Competitive Landscape

Key Market Players

  • 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.

 About Scalar Market Research:

Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.

Find out more about our services at: www.scalarmarketresearch.com

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