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 Products Chapter
Unlike its field-grown counterparts, produce that is grown in hydroponic greenhouses is mainly used for distribution on the fresh market because it tends to be higher quality and is available year-round. Tomatoes represent the largest industry segment, and their market share is increasing. Tomatoes are a popular vegetable used in a wide variety of cuisine. Furthermore, specialty varieties of tomatoes - including heirloom varieties - have become popular on grocery store shelves in recent years. More producers have therefore taken advantage of the rise of the crop's popularity to cultivate it in hydroponic farms.
Lettuce is the second-largest industry segment... purchase to read more