Hydroponic vegetables are cultivated without using soil and grow with the help of mineral nutrient solutions in an water medium. Hydroponic vegetables such as lettuce, tomatoes, cucumbers, peppers and basil are considered to be pesticide-free and offer nutritional benefits. With growing consumer preference towards organic foods and urban farming, the demand for hydroponically grown vegetables is increasing.

The global Hydroponic Vegetables Market is estimated to be valued at US$ 11.32 billion in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Technological innovations have accelerated the growth of hydroponic vegetables market. Automation and use of IoT sensors in hydroponic farms have improved yield volumes and reduced production costs. IoT sensors monitor critical parameters such as temperature, humidity, pH levels and nutrient content in real-time and control environmental conditions. Automated conveyor belts, drones, and robots are used for seeding, plant monitoring, harvesting and sorting. Advanced LED lighting systems provide customized light spectrum to suit the growth requirements of different plant varieties. These technological advancements have made urban hydroponic farming more feasible and scaled up commercial production of pesticide-free vegetables.

Segment Analysis
The global hydroponic vegetables market is dominated by the leafy greens segment. Leafy greens such as lettuce, spinach, kale account for over 40% of the total hydroponic vegetables production worldwide. This is because leafy greens have high nutrient density, are very versatile ingredients which can be used in salads as well as cooking. They also have long shelf life as compared to other vegetables making them ideal for controlled environment farming using hydroponics.

Key Takeaways
The Global Hydroponic Vegetables Market Size is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis: Asia Pacific region is also expected to emerge as a major market for hydroponic vegetables. Countries like China, Japan and India are increasingly adopting hydroponic farming techniques due to large population and growing demand for pesticide-free vegetables. Hydroponic farming helps utilize limited land resources efficiently in dense nations.

Key players operating in the hydroponic vegetables market are Signify Holdings (Philips), Everlight Electronics Co., Argus Controls Systems, Netafim, Lumigrow, Logiqs, Rough Brothers, Hydrodynamics International and American Hydroponics.

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