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 Locations Chapter
As hydroponic growing operations are less susceptible to weather conditions, the industry's business locations vary significantly from the broader Vegetable Farming industry. Nevertheless, large-scale commercial hydroponic production still tends to be concentrated in temperate climates with year-round sunshine, allowing for the best quality and highest profit margins. As a result, large producers are predominately located in California, Texas, Arizona and Nevada, which make up about one half of this industry's revenue, while comprising about a third of the farms.
Hydroponic farms in the remaining states are typically very small and owner operated... purchase to read more