HYDROPONIC VEGETABLES MARKET ANALYSIS

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 Store, Bulk Suppliers & Distributors, Others), By Farming Type (Indoor, Outdoor), Origin (Nature & Organic, Conventional), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023
Code : CMI4004
Pages :110
Formats :
Excel and PDF
Industry : Food and Beverages

Hydroponic Vegetables MarketSize and Trends

The Global Hydroponic Vegetables Market is projected to reach around US$ 18.47 Billions by the end of 2030, in terms of revenue, growing at CAGR of 6.9% during the forecast period (2023-2030).

Market Trends-

Growing demand for iceberg lettuce especially from service outlets is a major trend and this trend is projected to propel the market growth of hydroponic vegetables. According to the Coherent Market Insights analysis, McDonald's uses a substantial amount of hydroponically-grown iceberg lettuce in burgers. In Puerto Rico alone, McDonald's consumes over 45,000 pounds of iceberg lettuce every month.

Figure 2. Global Hydroponic Vegetables Market Share (%) in terms of Value, By Distribution Channel, in 2022