Hydroponics Market Size, Share, and Growth Analysis

Hydroponics Market By Product (Aggregate Systems and Liquid Systems), By Crops Type (Tomatoes, Lettuce), By End User (Commercial Growers, Research & Academic Institutions), By Region -Industry Forecast 2025-2032


Report ID: SQMIG30C2159 | Region: Global | Published Date: January, 2025
Pages: 185 |Tables: 89 |Figures: 71

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Hydroponics Market Insights

Global Hydroponics Market size was valued at USD 13.99 Billion in 2023 and is poised to grow from USD 16.17 Billion in 2024 to USD 51.57 Billion by 2032, growing at a CAGR of 15.6% in the forecast period (2025-2032).

Shrinking agricultural land and a rapidly growing world population has caused global concern over food security, which is leading to the adoption of modern agricultural practices and crop production techniques. The hydroponic system is one such smart crop production techniques that are getting rapid recognition, and its implementation is increasing globally due to its efficiency in producing crops at a much faster rate than that of traditional crop-growing methods. Higher crop productivity, coupled with the production of an enhanced and high-quality crop that can be achieved through hydroponics is encouraging growers to adopt this method for the cultivation of various fruits, vegetables, and other useful commercial crops. Increasing research & development activities in hydroponics and rising participation of global key market players in improving productivity by bringing advancements and innovations in their products (that are a part of the hydroponic system) is predicted to escalate the growth of global hydroponics market.However, the high cost of energy inputs and capital required to set up hydroponic systems, especially those laced with pad systems is expected to restrain the global hydroponics industry during the foreseeable years. Furthermore, low compatibility of crucial plants such as onions, carrots, turnips, and others to grow in hydroponic conditions is another major hindrance in the growth of the global hydroponics market.

Market snapshot - (2025-2032)

Global Market Size

USD 13.99 Billion

Largest Segment

Aggregate Systems

Fastest Growth

Liquid Systems

Growth Rate

15.6% CAGR

Global Hydroponics Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Hydroponics Market Segments Analysis

Global hydroponics market is segmented by product, crops type, end use and region. Based on product, the market is segmented into aggregate systems and liquid systems. Based on crops type, the market is segmented into tomatoes, lettuce, peppers, cucumbers, herbs and others. Based on end user, the market is segmented into commercial growers, research & academic institutions and residential consumers. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Analysis by Product

The aggregate systems segment accounted for the largest revenue share of 52.5% in 2024, This preference is attributed to the user-friendly nature of aggregate systems, were inert and solid media like peat, rock wool, vermiculite, sand, sawdust, perlite, or coconut coir support plant growth. The aggregate systems segment plays a pivotal role in the hydroponics market by providing a stable base for plant roots, ensuring proper nutrient and water delivery. These systems utilize various substrates such as clay pellets, perlite, coconut coir, and vermiculite to support plant growth. Aggregate systems retain moisture and nutrients, providing a consistent supply for plant roots, enhancing growth and yield. The utilization of key technologies such as drip systems, ebb and flow systems, and wick systems further underscores the segment's prominence.

The liquid systems segment is anticipated to record the most rapid compound annual growth rate (CAGR) of 14.2% during the forecast period from 2024-2031. This is attributed to the growing preference for closed-system cultivation among cultivators. Deepwater culture and Nutrient Film Technique (NFT) systems are increasingly being employed for cultivating leafy vegetables like lettuce. Liquid systems, devoid of a solid medium, submerge plant roots directly in the nutrient solution, simplifying the cultivation process. Additionally, by delivering nutrients directly to the plant roots, liquid systems accelerate growth, resulting in maximum yields. Despite soilless farming methods reducing the risk of soil-borne diseases, the recirculation of nutrient solutions in closed systems increases the potential dispersal of pathogens.

Analysis by Crops Type

Tomatoes are the dominating segment in the market. Tomatoes hold the position as the most extensively cultivated hydroponic crop worldwide, primarily due to their rapid cultivation rate and significantly lower water requirements compared to conventionally farmed tomatoes. Indoor farmers typically employ growing materials such as rock wool, perlite, or coconut coir for hydroponic tomato cultivation. Projections indicate that by 2030, the hydroponic method is expected to witness substantial tomato cultivation in the Europe and Asia Pacific regions. Tomatoes are among the most popular crops in hydroponics because they yield high returns per square meter, making them an attractive choice for commercial growers. Their demand in fresh produce markets ensures steady revenue. The lettuce segment is estimated to register the fastest CAGR of 15.4% during the forecast period from 2024 to 2031. Green and red leaf lettuce is the largest hydroponically grown vegetable among indoor farmers owing to its raw consumption in relatively large quantities. The hydroponic cultivation of lettuce is rising in North America due to its rising demand from households and fast-food chains across the region. Rising demand for premium quality vegetables grown with the help of hydroponics has been observed in recent years, especially across developed regions due to the increasing prevalence of diseases. Rising consumer inclination towards a healthier lifestyle is expected to boost the demand for nutrition-rich vegetables, which in turn is expected to contribute significantly to the growth of the hydroponics market.

Global Hydroponics Market By Product (%)

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Hydroponics Market Regional Insights

Asia Pacific dominated the hydroponics market and accounted for the largest revenue share of 35.6% in 2024, owing to the substantial adoption of hydroponics in China, Australia, South Korea, and other such countries. The market in China and India is expected to escalate significantly during the forecast period due to emerging urban hydroponic farms. Countries like Japan, China, and Singapore are at the forefront, investing heavily in vertical farming, automation, and controlled-environment agriculture. The region's focus on food security, resource conservation, and sustainable farming methods further accelerates market growth. Asia Pacific, with its rapidly increasing urbanization and limited arable land, is experiencing a surge in hydroponic farming to meet the growing demand for fresh produce. As per hydroponics market outlook, North America holds a high potential for growth on account of numerous companies located in the region and the growing adoption of alternative farming techniques in urban areas. Some of the prominent market players in North America include AeroFarms (U.S.), AMHYDRO (U.S.), Argus Control Systems Limited (Canada), and LumiGrow (U.S.). The U.S. and Canada are leading the adoption of hydroponic systems, with large-scale commercial farms, research institutions, and innovative startups contributing to its expansion. North America's emphasis on sustainability, food safety, and reducing transportation costs has made hydroponics an attractive solution for urban farming, further solidifying the region's importance in the market.

Global Hydroponics Market By Geography
  • Largest
  • Fastest

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Hydroponics Market Dynamics

Drivers

Growing Adoption of Organic Farming Practices

  • The hydroponics market is driven by the rising adoption of organic farming practices. Organic farming has become more prevalent in recent years with the increase in consumers awareness of the potential risks associated with conventional farming practices. This technology helps to provide a controlled environment that can help to eliminate these risks and provide consumers with fresh, healthy and safe produce. Organic hydroponics combines the benefits of hydroponic systems with the principles of organic farming, such as avoiding synthetic pesticides and fertilizers, maintaining soil health and using sustainable farming practices.

Increasing Urbanization is Driving Hydroponics Market Growth

  • One of the key drivers of the hydroponics market is urbanization. The amount of available farmland is decreasing with increasing urbanization and the expansion of cities. However, due to limited space and resources, traditional farming methods are only sometimes practical in urban areas. Hydroponic systems offer a way to grow crops without relying on traditional farmland. Hydroponic systems allow plants to grow in controlled environments without soil, using less space and resources.

Restraints

High Capital Investments Restrain Market Growth

  • The high capital investments are necessary to establish and maintain the hydroponic systems. The price of the hydroponics systems depends on their size and features. The initial cost of setting up a hydroponic farm can be significant. The necessary equipment, such as the pumps, reservoirs and lighting systems, also add expense to the setup. Advanced technology, such as climate control systems and fertilizer equipment, increases costs.

Technical Expertise and Skill Requirements

  • Water treatment systems require skilled labor and technical skills to effectively manage market growth. An understanding of nutrient formulation, water management, and system management is essential to success. Lack of trained personnel and skills gaps are a challenge in emerging markets, reducing adoption rates and slowing market expansion.

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Hydroponics Market Competitive Landscape

The global hydroponics industry is highly competitive, driven by innovation, sustainability and technological advancements. Leading companies such as AeroFarms, BrightFarms and FreightFarms are leading the market with vertical farming and container-based solutions, with an emphasis on efficiency. Companies such as HydroFarm Holdings Group, General Hydroponics and Scotts Miracle Grow offer essential tools, nutritional solutions, and focus on growing programs upgrading, ensuring greater accessibility.

Top Players in Hydroponics Market

  • AeroFarms
  • BrightFarms
  • Hydrofarm Holdings Group
  • Signify (Philips Lighting)
  • Scotts Miracle-Gro Company
  • AmHydro
  • Freight Farms
  • LumiGrow
  • General Hydroponics
  • Green Sense Farms
  • Village Farms International
  • Heliospectra AB
  • Argus Control Systems
  • Netafim
  • CropKing Inc.

Recent Developments

  • In March 2024, INSONGREEN announced a significant expansion of its hydroponic and vertical greenhouse production in the Middle East and Africa.
  • In May 2021, IIT Bombay alumni startup Half Acre Hydroponics formed a partnership with local vegetable distributors and retailers in Rajasthan.
  • In January 2021, India’s first Farms2050 company partnered with the US-based company.

Hydroponics Key Market Trends

Hydroponics Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to SkyQuest analysis, the market growth stage in the hydroponics market is high, and the pace of the market growth is accelerating. The scarcity of land in urban settings has spurred the adoption of innovative solutions like hydroponics. However, the high cost of energy inputs and capital required to set up hydroponic systems, especially those laced with pad systems is expected to restrain the global hydroponics industry during the upcoming years. The hydroponics market is characterized by a strong culture of innovation, driven by the demand for high-quality agricultural products in a cost-effective manner and this approach enables growers to produce optimizing areas for growing crops.

Report Metric Details
Market size value in 2023 USD 13.99 Billion
Market size value in 2032 USD 51.57 Billion
Growth Rate 15.6%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Aggregate Systems and Liquid Systems
  • Crops Type
    • Tomatoes, Lettuce, Peppers, Cucumbers, Herbs and Others
  • End User
    • Commercial Growers, Research & Academic Institutions and Residential Consumers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • AeroFarms
  • BrightFarms
  • Hydrofarm Holdings Group
  • Signify (Philips Lighting)
  • Scotts Miracle-Gro Company
  • AmHydro
  • Freight Farms
  • LumiGrow
  • General Hydroponics
  • Green Sense Farms
  • Village Farms International
  • Heliospectra AB
  • Argus Control Systems
  • Netafim
  • CropKing Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Hydroponics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Hydroponics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Hydroponics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hydroponics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hydroponics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Hydroponics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Hydroponics Market size was valued at USD 13.99 Billion in 2023 and is poised to grow from USD 16.17 Billion in 2024 to USD 51.57 Billion by 2032, growing at a CAGR of 15.6% in the forecast period (2025-2032).

The global hydroponics industry is highly competitive, driven by innovation, sustainability and technological advancements. Leading companies such as AeroFarms, BrightFarms and FreightFarms are leading the market with vertical farming and container-based solutions, with an emphasis on efficiency. Companies such as HydroFarm Holdings Group, General Hydroponics and Scotts Miracle Grow offer essential tools, nutritional solutions, and focus on growing programs upgrading, ensuring greater accessibility. 'AeroFarms', 'BrightFarms', 'Hydrofarm Holdings Group', 'Signify (Philips Lighting)', 'Scotts Miracle-Gro Company', 'AmHydro', 'Freight Farms', 'LumiGrow', 'General Hydroponics', 'Green Sense Farms', 'Village Farms International', 'Heliospectra AB', 'Argus Control Systems', 'Netafim', 'CropKing Inc.'

The hydroponics market is driven by the rising adoption of organic farming practices. Organic farming has become more prevalent in recent years with the increase in consumers awareness of the potential risks associated with conventional farming practices. This technology helps to provide a controlled environment that can help to eliminate these risks and provide consumers with fresh, healthy and safe produce. Organic hydroponics combines the benefits of hydroponic systems with the principles of organic farming, such as avoiding synthetic pesticides and fertilizers, maintaining soil health and using sustainable farming practices.

Increasing Global Population and Limited Arable Land: Hydroponics allows for controlled growing environments, which can help to produce crops that are free from pests, diseases, and contaminants. There's a growing strain on available agricultural land with the global population constantly rising. Consumers are increasingly demanding fresh, high-quality produce. Hydroponics offers a way to cultivate the crops without needing soil, making it a viable option in areas with limited arable land.

Asia Pacific dominated the hydroponics market and accounted for the largest revenue share of 35.6% in 2024, owing to the substantial adoption of hydroponics in China, Australia, South Korea, and other such countries. The market in China and India is expected to escalate significantly during the forecast period due to emerging urban hydroponic farms. Countries like Japan, China, and Singapore are at the forefront, investing heavily in vertical farming, automation, and controlled-environment agriculture. The region's focus on food security, resource conservation, and sustainable farming methods further accelerates market growth. Asia Pacific, with its rapidly increasing urbanization and limited arable land, is experiencing a surge in hydroponic farming to meet the growing demand for fresh produce. As per hydroponics market outlook, North America holds a high potential for growth on account of numerous companies located in the region and the growing adoption of alternative farming techniques in urban areas. Some of the prominent market players in North America include AeroFarms (U.S.), AMHYDRO (U.S.), Argus Control Systems Limited (Canada), and LumiGrow (U.S.). The U.S. and Canada are leading the adoption of hydroponic systems, with large-scale commercial farms, research institutions, and innovative startups contributing to its expansion. North America's emphasis on sustainability, food safety, and reducing transportation costs has made hydroponics an attractive solution for urban farming, further solidifying the region’s importance in the market.

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