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A recent report published by Infinium Global Research on hydroponic fodder systems market provides in-depth analysis of segments and sub-segments in the global as well as regional hydroponic fodder systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hydroponic fodder systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hydroponic fodder systems market.
Globally the demand for animal feed is growing due to increased commercialization in the animal husbandry sector. The demand for meat and dairy products has witnessed an upward trend in the world market. The meat industry has crossed over USD 900 billion in 2023, while the dairy industry has surpassed over USD 895. The increasing human population has propelled the demand for meat and dairy products. Consequently, growing commercialization in agriculture and industrialization has burdened the demand for animal feed. Shrinking agricultural land is one of the major concerns as a result the demand for hydroponic fodder systems is expected to grow over the next few years. Globally the hydroponic fodder systems market is yet to be streamlined and is fragmented in nature as farmers are getting the hydroponic systems prepared locally.
Globally the demand for hydroponic fodder systems is growing due to factors such as
1. Need for resource-efficient agriculture techniques: Increasing demand for fodder for animal feed is one of the major factors promoting the need for hydroponic fodder systems. It is also backed by factors such as increasing water supply irregularities, shrinking agricultural land, and changing climate. The hydroponic fodder systems use up to 90% less water and provide significant output in terms of fodders in kgs. Moreover, addition of nutrition in hydroponics is easier than the conventional agriculture hence, the demand for nutritious fodder is met using the hydroponic fodder systems. 2. Technological advancements: The conventional agriculture involves a significant cost related to water supply, fertilizers, labors, and pesticides among others. Advancements in LED lighting systems, automation in nutrient delivery systems have resulted in increased viability of hydroponic farming. Moreover, vertical farming trends in the urban parts have also contributed significantly to driving the demand for hydroponic fodder systems. 3. Government support for hydroponic farming: Several governments are supporting the farmers for hydroponic farming through technical support and subsidies. Moreover, to enhance food security, to support rural development the governments in several countries now promote hydroponic farming. This would also help the governments promote sustainability in agriculture.
The global market of hydroponic fodder has been growing significantly, especially on the backdrop of rapidly growing hydroponic farming in the Asia-Pacific region. Moreover, the rising demand for animal feed in Latin America has been one of the important factors for the growth of the hydroponic fodder in the region. Among the regions, Asia-Pacific dominated the revenues of the global hydroponic fodder systems on the backdrop of the growth coming from India and China. The European region has demonstrated a substantial revenue generation in the hydroponic farming industry however, most of the revenue in the hydroponic in this region is from fruits and vegetables. However, the growing hydroponic industry in the Netherlands is likely to promote the growth in hydroponic fodder systems in Europe.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | USD 1510 Billion |
| Market Size by 2032 | USD 4300 Billion |
| Growth Rate from 2024 to 2032 | CAGR of 12.70% |
| Largest Market | Asia-Pacific |
| No. of Pages | 300 |
| Market Segmentation | By Equipment, By Capacity, By Type of Farming, and By Nutrient Input |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on provides a detailed analysis of segments in the market based on Equipment, Capacity, Type of Farming, and Nutrient Input.
· NPK
· Nutrients
· Minerals
· Others
· NPK
· Nutrients
· Minerals
· Others
· NPK
· Nutrients
· Minerals
· Others
· NPK
· Nutrients
· Minerals
· Others
· FarmTek
· Signify Holding
· Heliospectra
· CropKing Inc
· HydroGreens
· FodderHydroSystem
· Hydroponics Africa
· Octopot Hybrid Grow Systems
· Agrozon
· Zhengzhou Lyine Agriculture Technology Co.,Ltd.
· Al Aliyo Hydrofarms FZC
· Aadya Hydro Solution
· Vismaya Integrated Farm Tech
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the hydroponic fodder systems market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.