United States Hydroponics Market
is anticipated to grow significantly through 2028 due to the growing demand for
exotic vegetables & fruits.
In order to grow plants
without utilizing soil, hydroponics uses mineral fertilizer solutions dissolved in aqueous solvents or liquid. This method is beneficial and
friendly to the environment. It has received support from the US government and
non-governmental groups due to its benefits for food security. Due to the
higher output compared to conventional farming methods, the US hydroponics market
is predicted to grow the forecast years.
Increasing Demand for Exotic
Vegetables & Fruits
Due to customers' greater
spending capacity, there has been continual growth in the demand for exotic
fruits and vegetables. Due to the high cost of these exotic products and the
fact that the majority of them are imported, several research institutions and
universities in United States are concentrating on setting up more
straightforward hydroponics systems in order to increase the production of exotic
fruits and vegetables and satisfy the rising demand.
Furthermore, rising consumer
interest in eating fresh veggies may support the industry in the future. Sales
are expected to increase throughout the forecast period due to increased demand
for unusual vegetables like red and yellow capsicum and red lettuce at fast
food and retail chains like Burger King and KFC.
Along with this, the demand
for vegetables and crops grown hydroponically has been rising from a variety of
industries, including hotels, fast food chains, restaurants, railway
catering, non-governmental organizations, and the military, which encourages
farmers to use hydroponics systems to grow their crops.
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Growing Demand
for HVAC Equipment
This segment requires
proper ventilation systems and rising practices of controlled environment agriculture
which help in indoor farming practices. Proper space and ventilation help to
improve yield and profitability by maintaining adequate temperature and
conditions. Therefore, increasing demand for HVAC for hydroponics systems results
in growing the demand for the United States Hydroponics market during the
projected period.
Aggregate Systems will
be the Key Type
Due to their
simplicity of setup, aggregate systems are becoming more and more popular among
indoor growers. Additionally, the growing usage of inert soil media, such as
peat, coco coir, and sawdust, among others, to provide plants with the support
they need is anticipated to boost market expansion in the forecast period.
Recent Developments
- In January 2023, Green Life Farms expands sales to 280 additional Publix
Locations.
- Cropking introduced 2 and 3-stage NFT growing systems in August
2022.
- In January 2022, ScottsMiracle-Gro purchased Luxx Lighting which
enhanced The Hawthorne Gardening Company’s industry-lighting portfolio.
- In July 2021, Hydrofarm completed the acquisition of Aurora
Innovations and its organic nutrients and grow media operations.
Market Segmentation
United States Hydroponics Market is
segmented based on type, equipment, input, farming method, crop
area, crop type, region and competitive landscape. Based on type, the market is
categorized into aggregate systems and liquid systems.
Based on equipment, the market is divided into HVAC, LED grow light, control
systems, irrigation systems, material handling, and others. Based on input, the
market is segregated into nutrient, and growth media. Based on farming method,
the market is categorized into indoor and outdoor. Based on crop area, the
market is divided into up 1000 square feet, 1000-5000 square feet, 5001-10000 square
feet, 10000-50000 square feet, and above 50000 square feet. Based on crop type,
the market is fragmented into vegetables, fruits, flowers, and others. Based on
region, the market is divided into Northeast, Midwest, West,
South.
Company Profiles
AmHydro, Fork Farms, Cropking
Incorporated, Hydrofarm LLC, GrowGeneration Corp., VH Hydroponics, Moonflower
Farms, ZipGrow LLC, Green Life Farms LLC, and HomesteadHydroFarm are some of the
key players in the United States Hydroponics Market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast,
company share, competitive landscape, growth factors, and trends
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Segments covered
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Type
Equipment
Input
Farming Method
Crop Area
Crop Type
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Regional scope
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Northeast,
Midwest, West, South
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Key companies profiled
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AmHydro, Fork
Farms, Cropking Incorporated, Hydrofarm LLC, GrowGeneration Corp., VH
Hydroponics, Moonflower Farms, ZipGrow LLC, Green Life Farms LLC, and
HomesteadHydroFarm
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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Report Scope:
In this report, United States Hydroponics market has been
segmented into the following categories, in addition to the industry trends, which
have also been detailed below:
- United States
Hydroponics Market, By Type:
- Aggregate Systems
- Liquid Systems
- United States
Hydroponics Market, By Equipment:
- HVAC
- LED grow light
- Control systems
- Irrigation systems
- Material handling
- Others
- United States
Hydroponics Market, By Input:
- United States
Hydroponics Market, By Farming
Method:
- United States
Hydroponics Market, By Crop
Area:
- Up 1000 Square feet
- 1000-5000 Square feet
- 5001-10000 Square feet
- 10000-50000 Square feet
- Above 50000 Square feet
- United States
Hydroponics Market, By Crop
Type:
- Vegetables
- Fruits
- Flowers
- Others
- United States Hydroponics Market, By Region:
- Northeast
- Midwest
- West
- South
Competitive landscape
Company Profiles: Detailed analysis of the major companies in United
States Hydroponics market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis and profiling of additional market
players (up to five).
United States Hydroponics Market is an
upcoming report to be released soon. If you wish an early delivery of this report
or want to confirm the date of release, please contact us at [email protected]