Hydroponic Nutrients Market - Forecasts from 2023 to 2028

The global hydroponics nutrients market is expected to grow at a CAGR of 11.51% during the forecast period.

Hydroponic farming systems lack soil; therefore, they rely heavily on nutrient solutions to supply the critical micronutrients that plants require. Hydroponic fertilizers contain all the essential elements plants require for their overall development, making them ideal for gardening and indoor farming practices. Some basic micro and macronutrients added to hydroponic nutrient solutions include carbon, hydrogen, oxygen, nitrogen, phosphorus, potassium, and sulfur.

The rising popularity of alternative farming techniques, such as hydroponics, is one of the key factors driving the growth of the hydroponics nutrients market. Furthermore, pesticide and chemical-free food products are driving the market growth during the projection period. High installation & maintenance costs in hydroponic farming and a lack of knowledge among farmers are some major challenges. According to the analysis, North America and the Asia Pacific region are anticipated to hold a significant share of the hydroponic nutrients market due to a lack of agricultural resources.

The rising popularity of hydroponic farming techniques is contributing to the hydroponics nutrients market growth.

Plants are grown in hydroponics without soil using a water-based fertilizer solution. Small farmers, amateurs, and business companies all employ hydroponic production systems. Many different organic or inorganic sources, such as fish waste, duck dung, commercial chemical fertilizers, or synthetic nutrient solutions, are used to manufacture hydroponics nutrient solutions. Hydroponics farming technique has become extremely popular among farmers as it requires less water and nutrients than traditional agriculture practices. The scarcity of resources such as arable land, water, and labor due to the climate is threatening the agricultural output required to feed such a large population. Therefore, farmers are shifting towards sustainable farming practices requiring fewer resources, such as hydroponics. In addition, government organizations are spreading awareness of indoor farming practices pushing the demand for hydroponics systems even further. In December 2022, American vertical farming company Crop One Holding opened a new hydroponic farm in the Northeast United States. The farm will produce spring mix and romaine lettuce with 95 percent less water than field-grown food.

The popularity of hydroponics framing is driving the growth of the global market, as nutrient solutions are essential for plant growth.

In the hydroponics industry, organic nutrients are in high demand.

As people become more health conscious, they are demanding food products that are natural, chemical-free, and pesticide free. Farmers are shifting to organic farming practices due to the growing demand for organic products. The National Agricultural Statistics Service of Agriculture Organic Survey shows that organic product sales in the United States were US$11.2 billion, an increase of 13 percent from the previous year. Moreover, the FAO stats say that more than 106 billion euros were spent on sales of organic food and beverages. Therefore hydroponic farmers are also using nutrients sourced from organic elements such as fish meal, gypsum, manure, etc., to capitalize on this trend.

During the forecast period, North America is anticipated to hold a significant share of the global hydroponics nutrients market.

North American region will experience rapid expansion throughout the projection period due to the high popularity of hydroponic framing systems. Countries like USA and Canada have a massive share of the indoor framing market. According to the official data, there are more than 2300 hydroponic farms in the United States in 2021. In January 2021, Heron Frams opened the country’s first saltwater hydroponic farm in Charleston, South Carolina. Moreover, the presence of a well-established agriculture industry and increasing investment are also spurring regional demand for hydroponic nutrients. In addition, the prevalence of key market players such as General Hydroponics, Nutrifield, AMHydro, Emerald Harvest, and others also spur the growth of hydroponic nutrients in this region.

Market Developments:

• In August 2022, OASIS Grower Solutions launched hydroponic fertilizer in new packaging. It is specifically created for commercial and hobby hydroponic production of lettuce, herbs, greens, and most vegetables. This fertilizer system, which replaces the conventional two-part method, is created to give the necessary components in the right amounts so plants may grow.
• In February 2021, Hydrofarm Holdings Group, Inc., a leading branded hydroponics company with a broad distribution platform, announced that it had increased the number of preferred brands in its portfolio through a new Canadian distribution partnership with Advanced Nutrients, the industry pioneer in hydroponics nutrients. According to the agreement, the award-winning range of products from Advanced Nutrients will start being distributed this month by Eddi's Wholesale, a branch of Hydrofarm and one of the biggest wholesale.

Market Segmentation:

By Nutrient

• Nitrogenous
• Phosphatic
• Potassic
• Micronutrients

By Type

• Synthetic
• Organic

By Crop Type

• Tomato
• Cucumber
• Leafy Greens
• Strawberries
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others