Hydroponics Nutrients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydroponics Nutrients Market Analysis
Global hydroponics nutrients market was valued around USD 2.67 billion in 2018 and is expected to register a CAGR of 8.8% during the forecast period (2020-2025). Hydroponics Market is growing across the globe is majorly due to the shrinking arable land across the globe. North America is holding the largest share in the Hydroponics nutrients market druing the study period. Lack of arable land, climate change, increasing water scarcity, are the factors driving the hydroponics nutrient market along with the hydroponics market. General Hydrophonics, X Nutrients, Advanced Nutrients, Nutrifield, Watercircle Hydroponics Pte Ltd are some of the major players across the globe.
Hydroponics Nutrients Market Trends
This section covers the major market trends shaping the Hydroponics Nutrients Market according to our research experts:
Hydroponics holds major share among various indoor farming systems.
Despite the removal of hydroponics produces from the list of organic produces by the United States and Europe, high profitability and upcoming cost-effective hydroponic technologies will drive the hydroponics nutrients market. According to a survey conducted by Artemis in 2017, Hydroponics farming holds around 47% of the total indoor farming practiced in the United States. Around 58% of the respondents have said hydroponic farms are profitable when compared to other indoor farming types in the United States. European Union is helping hydroponic farms to expand through its flagship program in association with the European Bank for Reconstruction and Development. The high profit realized by farmers coupled with new cost-effective hydroponic technologies such as phytoponics and government support is likely to drive the hydroponics market, which in turn drives the hydroponic nutrients solution market.
North America is the market leader
North America holds the major share in the global hydroponics nutrients market, accounting for 32.7% in the total market value. Europe and Asia-Pacific are the second and third largest markets, respectively. Asia-Pacific is the fastest-growing registering a high CAGR during the forecast period. Developing countries in Asia-Pacific such as Japan, India, and China are revolutionizing its agriculture sector by introducing new agricultural technologies. For instance, Japan has around 200 hydroponics farms in the country in 2018. Major players in Asia-Pacific are investing more in R&D to develop new hydroponic technologies. In 2019, Mebiol Research and Development Center in Japan has invented a new polymer hydrogel film which can be used for cultivating crops using nutrient solution.
Hydroponics Nutrients Industry Overview
The global hydroponics nutrients market is a consolidated market. General Hydroponics, Nutrifield, AMHydro, Emrald Harvest, and Watercircle Hydroponics Pte Ltdare few active players in the market. Mergers and acquisition, partnerships, expansion, product launches and investment in R&D are the major business strategies followed by these active players.
Hydroponics Nutrients Market Leaders
General Hydroponics
AMHYDRO
Nutrifield
Watercircle Hydroponics Pte Ltd
Emerald Harvest
*Disclaimer: Major Players sorted in no particular order
Hydroponics Nutrients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Industry Attractiveness - Porter's Five Force Analysis
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4.5.1 Threat of New Entrants
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4.5.2 Bargaining Power of Buyers/Consumers
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4.5.3 Bargaining Power of Suppliers
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4.5.4 Threat of Substitute Products
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4.5.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Nutrient
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5.1.1 Nitrogenous
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5.1.2 Phosphatic
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5.1.3 Potassic
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5.1.4 Micronutrients
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5.2 Type
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5.2.1 Synthetic
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5.2.2 Organic
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5.3 Crop
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5.3.1 Tomato
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5.3.2 Cucmber
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5.3.3 Leafy Greens
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5.3.4 Pepper
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5.3.5 Strawberries
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5.3.6 Other Crops
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5.4 Geography
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5.4.1 North America
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5.4.1.1 US
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.1.4 Rest of North America
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 UK
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5.4.2.3 France
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5.4.2.4 Russia
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5.4.2.5 Spain
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5.4.2.6 Rest of Europe
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5.4.3 Asia Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 South Korea
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5.4.3.5 Rest of Asia-Pacific
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Africa
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5.4.5.1 South Africa
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5.4.5.2 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Am hydro
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6.3.2 General hydroponics
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6.3.3 Nutrifield
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6.3.4 Watercircle hydroponics pte ltd
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6.3.5 Emerald Harvest
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6.3.6 X Nutrients
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6.3.7 Advanced Hydroponics of Holland
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6.3.8 American Hydroponics (AMHYDRO)
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6.3.9 LushGro
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6.3.10 HydroGarden Ltd (VitaLink)
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Hydroponics Nutrients Industry Segmentation
The report gives a detailed analysis of macro and micronutrients of both synthetic and organic types, used in hydroponic systems to grow various crops including tomato, cucumber, leafy greens, pepper, and strawberries. The geographical analysis covers recent trends in major countries in the respective regions, whereas competitive analysis includes the study of major players in the market and the most adopted strategies followed by them.
| Nutrient | |
| Nitrogenous | |
| Phosphatic | |
| Potassic | |
| Micronutrients |
| Type | |
| Synthetic | |
| Organic |
| Crop | |
| Tomato | |
| Cucmber | |
| Leafy Greens | |
| Pepper | |
| Strawberries | |
| Other Crops |
| Geography | ||||||||
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Hydroponics Nutrients Market Research FAQs
What is the current Hydroponics Nutrients Market size?
The Hydroponics Nutrients Market is projected to register a CAGR of 8.80% during the forecast period (2024-2029)
Who are the key players in Hydroponics Nutrients Market?
General Hydroponics, AMHYDRO, Nutrifield, Watercircle Hydroponics Pte Ltd and Emerald Harvest are the major companies operating in the Hydroponics Nutrients Market.
Which is the fastest growing region in Hydroponics Nutrients Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hydroponics Nutrients Market?
In 2024, the North America accounts for the largest market share in Hydroponics Nutrients Market.
What years does this Hydroponics Nutrients Market cover?
The report covers the Hydroponics Nutrients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hydroponics Nutrients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hydroponic Nutrients Industry Report
Statistics for the 2024 Hydroponic Nutrients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hydroponic Nutrients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
