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Hydroponic Crop Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hydroponic Crop Farming Market Research Report | Life Sciences | Food Science | Jan 2015

Greenhouse growth: Rising food prices and extreme weather conditions will cultivate growth

IBISWorld’s Hydroponic Crop Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Houweling's Houweling's market share
NatureSweet NatureSweet market share
Village Farms Village Farms market share
Industry Statistics & Market Size
Revenue
$555m
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment
3,431
Businesses
1,503
Industry Analysis & Industry Trends

During the five years to 2015, revenue for the Hydroponic Crop Farming industry has maintained positive growth. Over the five-year period, a growing number of individuals shifted to healthy eating and consuming organic produce, resulting in high demand. In addition, extreme weather conditions damaged many crops for fresh field farmers, so grocery stores and farmers markets quickly turned to hydroponic farmers to meet their demand. As revenue and downstream demand continue to expand in the next five years, the number of enterprises is projected to grow. Over the five years to 2020, the total number of industry firms is expected to increase. Many of these new firms will focus exclusively on growing organic fruits and vegetables to help meet the demand at fresh markets.... purchase to read more

Industry Report - Industry Analysis Chapter

While the Hydroponic Crop Farming industry is small compared with other industries in the agricultural sector, it has been rather resilient to the typical volatility associated with other agricultural industries. IBISWorld expects revenue to increase at an average annual rate of 3.3% from 2010 to 2015, largely as a result of the rising price of vegetables and the expansion of hydroponic farming operations. The aging and health-conscious baby boomer population, an increased focus on healthy eating and risk aversion in the agricultural sector have driven this growth. In 2015 alone, IBISWorld expects revenue to increase 2.1% to $554.5 million... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hydroponic Crop Farming Industry?

Hydroponics is a method of growing plants using mineral nutrient solutions in water, without soil. Operators in this industry generally grow food crops under glass or protective cover.

Industry Products
TomatoesLettuceFresh herbsCucumbersPeppersStrawberriesOther food crops
 
Industry Activities
Hydroponic greenhouse tomato farmingHydroponic greenhouse cucumber farmingHydroponic greenhouse bell pepper farmingOther hydroponic greenhouse vegetable farmingHydroponic greenhouse fruit production


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