PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258126
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258126
The global Hydroponic Nutrients Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Hydroponic is basically a system used across agriculture. These hydroponic nutrients are suited when the climatic conditions do not allow open-field cultivation. It is majorly used for leafy vegetables, micro greens, and others. The Hydroponic Nutrients market is expanding because of factors such as the rising demand for nutritious and healthy dietary and adoption of fresh vegetables and fruits
According to Statista in 2022, the global wellness and health food market accounted for around USD 841 billion. It is projected to rise and attain a volume of one trillion by 2026.Also, according to the World Bank in 2020, global average daily cost of healthy diet was around USD 3.54.In upper middle income countries the cost for healthy diet was around USD 3.76.Also, in coming years the spendings towards healthy diet is anticipated to rise in coming years Whereas rising awareness towards the conservation of natural resources and investment towards higher yield agricultural products create lucrative opportunities for the market. However, the threat of substitutes hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Hydroponic Nutrients Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominated the market in terms of revenue, owing to the increasing demand for healthy diets and adoption for fresh leafy vegetables and fruits, growing consumer awareness towards a nutritious diet . Also, Europe is expected to grow significantly during the forecast period, owing to factors such as increasing initiatives and innovation by market players
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable