Albany, NY -- (SBWIRE) -- 01/26/2019 -- According to the market research report by Transparency Market Research, the global hydroponics market is anticipated to reach a value of US$12.1 bn from US$6.9 bn by the end of 2025. The market is likely to register a promising 6.50% CAGR between 2017 and 2025.

Key Takeaways:

The increasing awareness among consumers regarding the consumption of greens is predicted to encourage the growth of the global hydroponics market in the coming years.
Vertical cultivation to act as a major opportunity for the market players, which is likely to accelerate market growth in the near future.

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Global Hydroponic Vegetables Market: Scope of the Report

Market numbers have been estimated based on data available from Food and Agricultural Organization (FAO) website, and extensive secondary and primary research, average pricing of hydroponic vegetables by vegetable type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The hydroponic vegetables market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional hydroponic vegetables manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of hydroponic vegetables and its related products in the different regions. Top-down approach has been used to estimate the hydroponic vegetables market by regions. Global market numbers by type, form and application have been derived using the bottom-up approach, which is cumulative of each country's demand. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.

Vertical Cultivation to Offer New Opportunities for Market Players

The high yield in contrast with the customary rural system is one of the key factors that is estimated to accelerate the growth of the global hydroponics market in the next few years. A significant rise in the use of colorful plate of green vegetables and the growing demand for nutritional foods are some of the other key factors that are likely to enhance the overall growth of the market in the near future. On the flip side, the requirement of high base speculation to create hydroponics framework is considered as one of the key factors, which is estimated to curtail the growth of the global hydroponics market in the next few years.

Nevertheless, the increasing implementation of vertical cultivation which is likely to expand the produce of lettuce every year is projected to generate promising growth opportunities for the market players in the next few years.

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Europe to Continue Dominance in Global Hydroponics Market

The global market for hydroponics has been classified on the basis of geography into the Middle East and Africa, Europe, Latin America, North America, and Asia Pacific. Among these segments, Europe is projected to register a significant growth rate and attain a leading position in the market throughout the forecast period. As per the study, the market is likely to account for a share of around 41% share of the global market throughout the forecast period. Furthermore, North America is expected to witness a healthy growth in the coming few years. The high growth of North America can be attributed to the rising demand for several hydroponic vegetables. Asia Pacific, on the other hand, is estimated to a promising growth rate in the coming years.

The global hydroponics market has been categorized on the basis of vegetable type into lettuce, peppers, cucumber, spinach, tomatoes, and others. Among the mentioned segments, lettuce is estimated to lead the global hydroponics market in the next few years. Furthermore, on the basis of distribution channels, the modern trade segment is likely to lead the global hydroponics market throughout the forecast period.