Hydroponics Nutrients Market Trends

Statistics for the 2023 & 2024 Hydroponics Nutrients market trends, created by Mordor Intelligence™ Industry Reports. Hydroponics Nutrients trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Hydroponics Nutrients Industry

Tomatoes Are Widely Cultivated Through Hydroponics

Tomatoes rank among the top crops cultivated globally using hydroponic systems. These hydroponic techniques have demonstrated commercial success in propagating, germinating seeds, and producing tomatoes. By employing this method, growers can cultivate tomatoes in a controlled environment, minimizing disease risks, accelerating growth, and enhancing fruit yield. Recognizing the potential in this niche, domestic tomato producers are rapidly expanding or initiating hydroponic operations across various countries. Given that different growth phases of tomatoes demand distinct nutritional needs, it is essential to tailor nutrient solutions to these developmental stages. This approach not only promotes optimal growth but also fuels the hydroponic nutrient market, further commercializing the overarching market. Medium- and large-scale growers dominate the hydroponic tomato landscape. Looking ahead, market dynamics, including technological advancements and regulatory frameworks, are set to shape the trajectory of the hydroponic tomato market. Rockwool stands out as the predominant medium for hydroponic tomato cultivation. With the rising productivity of tomatoes through hydroponic methods, the market for hydroponics nutrients is poised for growth in the coming years.

Hydroponics Nutrients Market: Global production of vegetables, 2022, by type (in million metric tons)

North America is The Market Leader

In the United States, the rising demand for greenhouse tomatoes is propelling the market for hydroponic operations. Urban rooftop hydroponic gardens, especially in cities like New York, are further fueling this market expansion. While some greenhouse production is concentrated in traditional tomato-growing states such as California, hydroponics offers a consistent supply. This is particularly advantageous during weather disruptions and monsoon seasons, which often affect traditional vegetable suppliers. High-end cafes and restaurants show a strong demand and enjoy better margins, as they prioritize high-quality vegetables, and consumers are willing to pay a premium. As a result, the surging demand for hydroponically grown vegetables is prompting producers to increasingly favor hydroponic methods over traditional ones.

In Canada, glasshouses predominantly utilize hydroponics for vegetable cultivation. Responding to evolving consumer preferences and concerns about food pricing and availability, greenhouses are emerging nationwide. Canadian hydroponic systems, employing rockwool, perlite, and Nutrient Film Technique (NFT)methods, cultivate tomatoes, cucumbers, and bell peppers. While hydroponics has traditionally focused on specific crops like basil and lettuce, there is potential for a broader range, from kale and quinoa to raspberries and tomatoes. Achieving the right balance of temperature, airflow, water, light, and nutrients is vital, hinting at future innovations. Canadian commercial vegetable producers favor hydroponics due to its efficiency in managing larger production areas and controlling inputs, diseases, and pests. Given that hydroponics can boost yields of popular vegetables and eliminate the need for soil fumigants, a growing number of regional farmers are adopting this method. This increasing adoption is projected to drive market growth.

In Mexico, hydroponic systems predominantly utilize drip irrigation and the NFT. Key hydroponic crops, aligned with growers' profits, include lettuce, tomatoes, peppers, and strawberries. While Rockwool is not widely used across North America, it is a staple for tomato crops in Mexico's drip irrigation systems. Interest in mastering soil-less plant production techniques is on the rise. Compounding challenges like arid conditions and limited groundwater availability—affecting two-thirds of the country's geography—intensify pressure on water resources. Such challenges present a significant opportunity for the vertical farming industry in Mexico. The highest density of hydroponic installations per acre is noted in Mexico's Distrito Federal province. Given the unfavorable conditions for open farming and the growing food security concerns, hydroponic farming in Mexico is poised for growth during the forecast period.

Hydroponics Nutrients Market: Market Share (in %), By Region, 2023

Hydroponics Nutrients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)