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, 2022 - 2030
The hydroponics market consists of sales of hydroponics solutions by entities (organizations, sole traders, and partnerships) that refer to the method of growing plants in a water-based, nutrient-rich solution. This approach allows roots to absorb nutrients from the water and meet their growth needs. Furthermore, this method can grow plants in liquid, sand, or gravel by adding nutrients. Farmers and growers widely use hydroponics to grow vegetables, herbs, fruits, and flowers hydroponically.
Market Dynamics
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.
Increasing spending on the cultivation of hydroponic vegetables by the government to meet the rising demand around the globe is projected to augment market growth. Growth of urban population and increasing disposable income of the population is boosting demand for fruits, salad, and other convenience food products. All these factors are projected to augment the market growth of the hydroponic vegetables over the forecast timeframe.
Lack of government policy and tax breaks across emerging countries is expected to curb the market growth of the hydroponic vegetable over the forecast period.
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