Hydroponic Crop Farming Market

Hydroponic Crop Farming Market Highlights

The global hydroponic crop farming market is expected to cross a value of USD 68.12 billion by the end of 2032. The market was valued at USD 38.05 billion in 2023 and is expected to expand at a CAGR of 8.1% between 2024-2032.

• Over the mid-term, the growing need to lower the consumption of resources for agricultural purposes is the primary factor anticipated to drive the global hydroponic crop farming market.
• The high setup cost is a major factor to challenge the market growth.
• The Europe hydroponic crop farming market is projected to dominate the global market.

Hydroponic Crop Farming Market Outlook

The method of cultivating plants without soil by utilizing nutrient-rich water solutions is known as hydroponic crop farming. The plant roots are accessible to the nutrient-rich water solution which delivers essential minerals and nutrients to these roots. The entire process of hydroponics is often set up indoors or in greenhouses, allowing growers to control temperature, light, and humidity that is ideal for the plants to grow.

According to our researchers at KD Market Insights, one of the primary factors associated with the growth of the global hydroponic crop farming market is the growing need to lower the consumption of resources for agricultural purposes. Hydroponic systems lower the farmer’s consumption of resources allowing home gardeners to professional growers, including supermarkets to restaurants, adopt this farming technique. Our researchers have found that by the utilization of hydroponic systems, farmers have achieved about a quarter higher yield than conventional agricultural practices. AeroFarms Inc., AmHydro, and Argus Control Systems Ltd are some of the significant parties in the global market for hydroponic crop farming.

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Hydroponic Crop Farming Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global hydroponic crop farming market are:

• Rise in Concerns for the Unavailability of Arable Land: The increasing concern for the decreasing availability of arable land for traditional agriculture is raising the interests among farmers to adopt alternative farming methods, such as hydroponics. According to the World Bank, arable land decreased to 0.18 hectares per person in 2021 from 0.25 hectares per person in 1992. Hydroponic systems require less land area compared to conventional soil-based farming, making them suitable for urban and peri-urban areas where land availability is limited. Such a factor is therefore expected to drive the demand for hydroponic crop farming.
• Surge in Adoption of Controlled Environment Agriculture (CEA): Controlled environment agriculture allow farmers to produce high-quality crops year-round in climate-controlled environment. These modern agriculture methods, such as hydroponics, aquaponics, and vertical farming among others, allows greater scalability and flexibility, making them suitable for integration into CEA facilities. As per our researchers, the revenue generated from CEA is expected to touch near to USD 430 billion by 2032 by growing with a CAGR of 17% during the forecast period. Hence, with the increasing adoption of CEA, the demand for hydroponic crop farming is expected to increase.

Which Probable Factors Could Hamper the Growing Hydroponic Crop Farming Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of hydroponic crop farming are:

• High Setup Costs: The set up cost of hydroponic crop farming is usually very high and requires a significant initial investment in infrastructure, equipment, and technology. This cost may be a barrier for small-scale growers and may restrict the adoption of these systems, thereby limiting the market growth.
• Fluctuations in Availability of Raw Materials: The lack of availability of a reliable supply chain for seeds, nutrients, growing mediums, and equipment required for hydroponic crop farming impacts the profitability of the farmers using hydroponic farming technique, which is expected to limit the market growth.

How is the Global Hydroponic Crop Farming Market Segmented?

Our experts at KD Market Insights have segmented the global hydroponic crop farming market as:

What are the Probable Factors Influencing the Europe Hydroponic Crop Farming Market Forecast?

The Europe hydroponic crop farming market is majorly driven by the growing demand for locally grown produce that is free from pesticides and harmful chemicals. Besides this, Europe is ongoing a massive challenge related to the availability of limited arable land, urbanization, and soil degradation. This, as a result, has raised the interests among the farmers in the region to adopt alternative farming methods, such as hydroponics. Additionally, Europe is known to have a strong focus on adopting sustainability and implementing sustainable agriculture practices, driven by concerns about environmental sustainability, climate change, and food security, which is also expected to contribute to the market growth in the coming years in the region.

As per our analysts at KD Market Insights, the following five players lead the Europe hydroponic crop farming market growth:

• Urban Crop Solutions
• GrowUp Urban Farms
• Infarm
• Jones Food Company
• Agricool

Which Key Players Top the Global Hydroponic Crop Farming Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global hydroponic crop farming market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with hydroponic crop farming market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global hydroponic crop farming market share:

• AeroFarms Inc.
• AmHydro
• Argus Control Systems Ltd.
• Emirates Hydroponics Farms
• Signify Holding
• BrightFarms
• Freight Farms
• Green Sense Farms Holdings Inc.
• LumiGrow Inc.
• Infarm

What are the Recent Developments Observed in the Hydroponic Crop Farming Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global hydroponic crop farming market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, InFarm stated that it has entered into a partnership with IKEA for growing high-quality herbs inside the restaurants of three IKEA stores in Germany.

Further, ScottsMiracle-Gro shared that it has acquired Luxx Lighting, aimed at helping the company to extend its product offerings.

Research Methodology

Market Definition and List of Abbreviations
 1. Executive Summary
2. Growth Drivers & Issues in Hydroponic Crop Farming Market
 3. Hydroponic Crop Farming Market Trends
 4. Opportunities in Hydroponic Crop Farming Market
 5. Recent Industry Activities, 2021
 6. Porter's Five Forces Analysis
 7. Market Value Chain and Supply Chain Analysis
 8. Hydroponic Crop Farming Market Size (USD Million), Growth Analysis and Forecast, (2021-2027)

9. Hydroponic Crop Farming Market Segmentation Analysis, By Crop
 9.1. Introduction
 9.2. Market Attractiveness, By Crop
 9.3. BPS Analysis, By Crop
 9.4. Lettuce Market Size & Forecast (USD Million), 2021-2027
 9.5. Microgreens Market Size & Forecast (USD Million), 2021-2027
 9.6. Medical Marijuana Market Size & Forecast (USD Million), 2021-2027
 9.7. Tomatoes Market Size & Forecast (USD Million), 2021-2027
 9.8. Herbs Market Size & Forecast (USD Million), 2021-2027
 9.9. Pepper Market Size & Forecast (USD Million), 2021-2027
 9.10. Cucumber Market Size & Forecast (USD Million), 2021-2027
 9.11. Others Market Size & Forecast (USD Million), 2021-2027

10. Hydroponic Crop Farming Market Segmentation Analysis, By Farming Type
 10.1. Introduction
 10.2. Market Attractiveness, By Farming Type
 10.3. BPS Analysis, By Farming Type
 10.4. Indoor Farming Market Size & Forecast (USD Million), 2021-2027
 10.5. Outdoor Farming Market Size & Forecast (USD Million), 2021-2027

11. Hydroponic Crop Farming Market Segmentation Analysis, By Sales
 11.1. Introduction
 11.2. Market Attractiveness, By Sales
 11.3. BPS Analysis, By Sales
 11.4. Hypermarket & Supermarket Market Size & Forecast (USD Million), 2021-2027
 11.5. Restaurant and Chefs Market Size & Forecast (USD Million), 2021-2027
 11.6. Grocery Stores Market Size & Forecast (USD Million), 2021-2027
 11.7. Bulk Suppliers & Distributors Market Size & Forecast (USD Million), 2021-2027
 11.8. Others Market Size & Forecast (USD Million), 2021-2027

12. Geographical Analysis
 12.1. Introduction
12.2. North America Market Size (USD Million), 2021-2027
12.2.1. By Crop
 12.2.1.1. Introduction
 12.2.1.2. Market Attractiveness, By Crop
 12.2.1.3. BPS Analysis, By Crop
 12.2.1.4. Lettuce Market Size & Forecast (USD Million), 2021-2027
 12.2.1.5. Microgreens Market Size & Forecast (USD Million), 2021-2027
 12.2.1.6. Medical Marijuana Market Size & Forecast (USD Million), 2021-2027
 12.2.1.7. Tomatoes Market Size & Forecast (USD Million), 2021-2027
 12.2.1.8. Herbs Market Size & Forecast (USD Million), 2021-2027
 12.2.1.9. Pepper Market Size & Forecast (USD Million), 2021-2027
 12.2.1.10. Cucumber Market Size & Forecast (USD Million), 2021-2027
 12.2.1.11. Others Market Size & Forecast (USD Million), 2021-2027
12.2.2. By Farming Type
 12.2.2.1. Introduction
 12.2.2.2. Market Attractiveness, By Farming Type
 12.2.2.3. BPS Analysis, By Farming Type
 12.2.2.4. Indoor Farming Market Size & Forecast (USD Million), 2021-2027
 12.2.2.5. Outdoor Farming Market Size & Forecast (USD Million), 2021-2027
12.2.3. By Sales
 12.2.3.1. Introduction
 12.2.3.2. Market Attractiveness, By Sales
 12.2.3.3. BPS Analysis, By Sales
 12.2.3.4. Hypermarket & Supermarket Market Size & Forecast (USD Million), 2021-2027
 12.2.3.5. Restaurant and Chefs Market Size & Forecast (USD Million), 2021-2027
 12.2.3.6. Grocery Stores Market Size & Forecast (USD Million), 2021-2027
 12.2.3.7. Bulk Suppliers & Distributors Market Size & Forecast (USD Million), 2021-2027
 12.2.3.8. Others Market Size & Forecast (USD Million), 2021-2027
12.2.4. By Country
 12.2.4.1. Market Attractiveness, By End-user
 12.2.4.2. BPS Analysis, By End-User
 12.2.4.3. U.S. Market Size (USD Million), 2021-2027
 12.2.4.4. Canada Market Size (USD Million), 2021-2027

12.3. Europe Market Size (USD Million), 2021-2027
12.3.1. By Crop
 12.3.1.1. Introduction
 12.3.1.2. Market Attractiveness, By Crop
 12.3.1.3. BPS Analysis, By Crop
 12.3.1.4. Lettuce Market Size & Forecast (USD Million), 2021-2027
 12.3.1.5. Microgreens Market Size & Forecast (USD Million), 2021-2027
 12.3.1.6. Medical Marijuana Market Size & Forecast (USD Million), 2021-2027
 12.3.1.7. Tomatoes Market Size & Forecast (USD Million), 2021-2027
 12.3.1.8. Herbs Market Size & Forecast (USD Million), 2021-2027
 12.3.1.9. Pepper Market Size & Forecast (USD Million), 2021-2027
 12.3.1.10. Cucumber Market Size & Forecast (USD Million), 2021-2027
 12.3.1.11. Others Market Size & Forecast (USD Million), 2021-2027
12.3.2. By Farming Type
 12.3.2.1. Introduction
 12.3.2.2. Market Attractiveness, By Farming Type
 12.3.2.3. BPS Analysis, By Farming Type
 12.3.2.4. Indoor Farming Market Size & Forecast (USD Million), 2021-2027
 12.3.2.5. Outdoor Farming Market Size & Forecast (USD Million), 2021-2027
12.3.3. By Sales
 12.3.3.1. Introduction
 12.3.3.2. Market Attractiveness, By Sales
 12.3.3.3. BPS Analysis, By Sales
 12.3.3.4. Hypermarket & Supermarket Market Size & Forecast (USD Million), 2021-2027
 12.3.3.5. Restaurant and Chefs Market Size & Forecast (USD Million), 2021-2027
 12.3.3.6. Grocery Stores Market Size & Forecast (USD Million), 2021-2027
 12.3.3.7. Bulk Suppliers & Distributors Market Size & Forecast (USD Million), 2021-2027
 12.3.3.8. Others Market Size & Forecast (USD Million), 2021-2027
12.3.4. By Country
 12.3.4.1. Market Attractiveness, By Country
 12.3.4.2. BPS Analysis, By Country
 12.3.4.3. Germany Market Size (USD Million), 2021-2027
 12.3.4.4. United Kingdom Market Size (USD Million), 2021-2027
 12.3.4.5. France Market Size (USD Million), 2021-2027
 12.3.4.6. Italy Market Size (USD Million), 2021-2027
 12.3.4.7. Spain Market Size (USD Million), 2021-2027
 12.3.4.8. Russia Market Size (USD Million), 2021-2027
 12.3.4.9. Rest of Europe Market Size (USD Million), 2021-2027

12.4. Asia Pacific Market Size (USD Million), 2021-2027
12.4.1. By Crop
 12.4.1.1. Introduction
 12.4.1.2. Market Attractiveness, By Crop
 12.4.1.3. BPS Analysis, By Crop
 12.4.1.4. Lettuce Market Size & Forecast (USD Million), 2021-2027
 12.4.1.5. Microgreens Market Size & Forecast (USD Million), 2021-2027
 12.4.1.6. Medical Marijuana Market Size & Forecast (USD Million), 2021-2027
 12.4.1.7. Tomatoes Market Size & Forecast (USD Million), 2021-2027
 12.4.1.8. Herbs Market Size & Forecast (USD Million), 2021-2027
 12.4.1.9. Pepper Market Size & Forecast (USD Million), 2021-2027
 12.4.1.10. Cucumber Market Size & Forecast (USD Million), 2021-2027
 12.4.1.11. Others Market Size & Forecast (USD Million), 2021-2027
12.4.2. By Farming Type
 12.4.2.1. Introduction
 12.4.2.2. Market Attractiveness, By Farming Type
 12.4.2.3. BPS Analysis, By Farming Type
 12.4.2.4. Indoor Farming Market Size & Forecast (USD Million), 2021-2027
 12.4.2.5. Outdoor Farming Market Size & Forecast (USD Million), 2021-2027
12.4.3. By Sales
 12.4.3.1. Introduction
 12.4.3.2. Market Attractiveness, By Sales
 12.4.3.3. BPS Analysis, By Sales
 12.4.3.4. Hypermarket & Supermarket Market Size & Forecast (USD Million), 2021-2027
 12.4.3.5. Restaurant and Chefs Market Size & Forecast (USD Million), 2021-2027
 12.4.3.6. Grocery Stores Market Size & Forecast (USD Million), 2021-2027
 12.4.3.7. Bulk Suppliers & Distributors Market Size & Forecast (USD Million), 2021-2027
 12.4.3.8. Others Market Size & Forecast (USD Million), 2021-2027
12.4.4. By Country
 12.4.4.1. Market Attractiveness, By Country
 12.4.4.2. BPS Analysis, By Country
 12.4.4.3. China Market Size (USD Million), 2021-2027
 12.4.4.4. India Market Size (USD Million), 2021-2027
 12.4.4.5. Japan Market Size (USD Million), 2021-2027
 12.4.4.6. South Korea Market Size (USD Million), 2021-2027
 12.4.4.7. Indonesia Market Size (USD Million), 2021-2027
 12.4.4.8. Taiwan Market Size (USD Million), 2021-2027
 12.4.4.9. Australia Market Size (USD Million), 2021-2027
 12.4.4.10. New Zealand Market Size (USD Million), 2021-2027
 12.4.4.11. Rest of Asia Pacific Market Size (USD Million), 2021-2027

12.5. Latin America Market Size (USD Million), 2021-2027
12.5.1. By Crop
 12.5.1.1. Introduction
 12.5.1.2. Market Attractiveness, By Crop
 12.5.1.3. BPS Analysis, By Crop
 12.5.1.4. Lettuce Market Size & Forecast (USD Million), 2021-2027
 12.5.1.5. Microgreens Market Size & Forecast (USD Million), 2021-2027
 12.5.1.6. Medical Marijuana Market Size & Forecast (USD Million), 2021-2027
 12.5.1.7. Tomatoes Market Size & Forecast (USD Million), 2021-2027
 12.5.1.8. Herbs Market Size & Forecast (USD Million), 2021-2027
 12.5.1.9. Pepper Market Size & Forecast (USD Million), 2021-2027
 12.5.1.10. Cucumber Market Size & Forecast (USD Million), 2021-2027
 12.5.1.11. Others Market Size & Forecast (USD Million), 2021-2027
12.5.2. By Farming Type
 12.5.2.1. Introduction
 12.5.2.2. Market Attractiveness, By Farming Type
 12.5.2.3. BPS Analysis, By Farming Type
 12.5.2.4. Indoor Farming Market Size & Forecast (USD Million), 2021-2027
 12.5.2.5. Outdoor Farming Market Size & Forecast (USD Million), 2021-2027
12.5.3. By Sales
 12.5.3.1. Introduction
 12.5.3.2. Market Attractiveness, By Sales
 12.5.3.3. BPS Analysis, By Sales
 12.5.3.4. Hypermarket & Supermarket Market Size & Forecast (USD Million), 2021-2027
 12.5.3.5. Restaurant and Chefs Market Size & Forecast (USD Million), 2021-2027
 12.5.3.6. Grocery Stores Market Size & Forecast (USD Million), 2021-2027
 12.5.3.7. Bulk Suppliers & Distributors Market Size & Forecast (USD Million), 2021-2027
 12.5.3.8. Others Market Size & Forecast (USD Million), 2021-2027
12.5.4. By Country
 12.5.4.1. Market Attractiveness, By Country
 12.5.4.2. BPS Analysis, By Country
 12.5.4.3. Brazil Market Size (USD Million), 2021-2027
 12.5.4.4. Mexico Market Size (USD Million), 2021-2027
 12.5.4.5. Rest of Latin America Market Size (USD Million), 2021-2027

12.6. Middle East & Africa Market Size (USD Million), 2021-2027
12.6.1. By Crop
 12.6.1.1. Introduction
 12.6.1.2. Market Attractiveness, By Crop
 12.6.1.3. BPS Analysis, By Crop
 12.6.1.4. Lettuce Market Size & Forecast (USD Million), 2021-2027
 12.6.1.5. Microgreens Market Size & Forecast (USD Million), 2021-2027
 12.6.1.6. Medical Marijuana Market Size & Forecast (USD Million), 2021-2027
 12.6.1.7. Tomatoes Market Size & Forecast (USD Million), 2021-2027
 12.6.1.8. Herbs Market Size & Forecast (USD Million), 2021-2027
 12.6.1.9. Pepper Market Size & Forecast (USD Million), 2021-2027
 12.6.1.10. Cucumber Market Size & Forecast (USD Million), 2021-2027
 12.6.1.11. Others Market Size & Forecast (USD Million), 2021-2027
12.6.2. By Farming Type
 12.6.2.1. Introduction
 12.6.2.2. Market Attractiveness, By Farming Type
 12.6.2.3. BPS Analysis, By Farming Type
 12.6.2.4. Indoor Farming Market Size & Forecast (USD Million), 2021-2027
 12.6.2.5. Outdoor Farming Market Size & Forecast (USD Million), 2021-2027
12.6.3. By Sales
 12.6.3.1. Introduction
 12.6.3.2. Market Attractiveness, By Sales
 12.6.3.3. BPS Analysis, By Sales
 12.6.3.4. Hypermarket & Supermarket Market Size & Forecast (USD Million), 2021-2027
 12.6.3.5. Restaurant and Chefs Market Size & Forecast (USD Million), 2021-2027
 12.6.3.6. Grocery Stores Market Size & Forecast (USD Million), 2021-2027
 12.6.3.7. Bulk Suppliers & Distributors Market Size & Forecast (USD Million), 2021-2027
 12.6.3.8. Others Market Size & Forecast (USD Million), 2021-2027
12.6.4. By Country
 12.6.4.1. Market Attractiveness, By Country
 12.6.4.2. BPS Analysis, By Country
 12.6.4.3. GCC Market Size (USD Million), 2021-2027
 12.6.4.4. North Africa Market Size (USD Million), 2021-2027
 12.6.4.5. South Africa Market Size (USD Million), 2021-2027
 12.6.4.6. Rest of Middle East & Africa Market Size (USD Million), 2021-2027

13. Competitive Landscape
 13.1. Market Share of Key Players
 13.2. Market Positioning of Major Players in Hydroponic Crop Farming Market
 13.3. Company Profiles
 13.3.1. Bowery, Inc.
 13.3.2. Metropolis Farms, Inc.
 13.3.3. Lufa Farms
 13.3.4. FreshBox Farms
 13.3.5. Cropking Inc.
 13.3.6. Triton Foodworks
 13.3.7. Hydroherbs
 13.3.8. Evergreen Farm Oy
 13.3.9. GrowUp Urban Farms
 13.3.10. Urban Harvest
 13.3.11. Other Major & Niche Player