Press release
Global Hydroponics Market: A Snapshot of Market Size, CAGR, and Key Driving Factors
Hydroponics Market Size
What Is The Projected Market Size Of The Global Hydroponics Market And Its Growth Rate?
The hydroponics market is undergoing rapid expansion, as reflected in the following statistics:
• The market size escalated from $15.57 billion in 2024 to approximately $17.3 billion in 2025, growing at a CAGR of 11.1%.
• The surge in the market can be linked to factors such as resource efficiency, water conservation, land scarcity, urban agriculture, reduced dependency on soil quality, and year-round production.
• The hydroponics market is poised for robust growth, aiming to reach $28.95 billion in 2029 at a CAGR of 13.7%.
• The forecasted growth factors include integration with sustainable practices, consumer demand for fresh produce, food security concerns, government support and incentives alongside educational and research initiatives.
What Is Driving The Growth In The Hydroponics Market?
The global health consciousness movement is a major propellant of the hydroponics market. This trend denotes individuals' proactive role in preserving and improving their health through informed lifestyle choices and dietary practices. With the rise in diseases like obesity, diabetes, and heart disease, people are progressively opting for hydroponically grown food because it is nutrient-rich, clean, and grown in precisely controlled environments with minimal pesticide usage. For instance, in May 2022, a survey conducted by the International Food Information Council reported that 52% of participants adhered to a specific diet or eating pattern, a leap from 39% in 2021. As a result, the escalating health consciousness trend is driving the hydroponics market forward.
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Who Are the Key Players Driving Hydroponics Market Growth?
The key players driving 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
• And many others
What Are The Key Trends In The Hydroponics Market?
Key trends that are expected to shape the hydroponics market are:
• Smart farming technologies
• Vertical farming systems
• Nutrient film technique systems
• Sustainable and organic hydroponic practices
• Adoption of aeroponics technology
What Are The Segments Of The Global Hydroponics Market?
The hydroponics market divides into multiple segments:
• By Type: Aggregate Systems and Liquid Systems
• By Farming: Indoor Farming and Outdoor Farming
• By Crop Type: Vegetables, Fruits, and Flowers
Which Region Leads The Hydroponics Market?
In 2024, Western Europe emerged as the largest region in the hydroponics market. However, the Asia-Pacific region is anticipated to demonstrate the fastest growth in the forecast period, encompassing locations such as North America, South America, the Middle East, and Africa.
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What Is Covered In The Hydroponics Market Global Market Report?
- Market Size Analysis: Analyze the Hydroponics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydroponics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydroponics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydroponics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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