India Hydroponics Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DM2104 | Last Updated On: Sep 21 2021 | No. of Pages: 180 | Available Formats

> India Hydroponics Market Expected to reach a high CAGR of 13.53% By 2028: DataM Intelligence

India Hydroponics Market is segmented By Technology (Nutrient Film Technique, Drip System, Ebb & Flow/ Flood & Drain System, Others), By Type (Outdoor Farming, Indoor Farming), By Produce Type (Fruits and Vegetables, Tomato, Strawberry, Bell Pepper, Leafy Vegetables, Cucumber, Others, Flowers), and By Region (Andhra Pradesh, Telangana, Gujarat, Haryana, Maharashtra, Others) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Market Overview

The India Hydroponics Market is expected to grow at a CAGR of 13.53% during the forecasting period (2021-2028).

Hydroponics, a subset of hydroculture, is a growing plant without soil, using mineral nutrient solutions in a water solvent. Factors like depleting water resources, gradually decreasing land under cultivation and reducing infertility of the soil, etc., are raising the need to invent innovative and fruitful cultivation methods. Hydroponics is one such revolutionary method of farming. Urbaankisaan is currently developing a commercial hydroponics plant in Hyderabad to produce 10 tonnes of yield per month and further expand its operation to Mumbai and Bangalore. India's hydroponics market is experiencing the establishment of new commercial plants in tier 1 cites in collaboration between regional producers and global technology providers to meet the growing demand for exotic and organic foods.

Overview

 

Market Dynamics

Growing demand for sustainable and protected farming practices and higher yield of crops grown under hydroponic facilities over traditional farming are the driving factors for its growth. According to the study published by V.Chandrshekaran, a founder of a hydroponics technology company, the average yield of lettuce per acre yearly was recorded between 9-10 tons in soil-based agriculture and 300-400 tons in hydroponics agriculture. Increased hydroponics' investment rate over the traditional soil-based agricultural process through increased yield and minimal water cultivation might further boost the agricultural communities towards adopting the hydroponics technologies during the forecast period.

Vegetable Type

Soil Agriculture Avg per Acre

Hydroponics Agriculture Avg per acre

Lettuce

9-10 tons

300-400 tons

Strawberries

20-25 tons

50 tons

Cucumber

15-20 tons

200 tons

Tomato

10-12 tons

180-200 tons

Bell Pepper

10-12 tons

120-140 tons

Potato

8-10 tons

60-70 tons

Cabbage

6-7 tons

10-12 tons

However, Lack of awareness among the farming communities regarding hydroponics and High initial investment and maintenance cost associated with hydroponics are the key restraints hampering the market growth globally. The major farming communities located across the country have minimum knowledge of hydroponics, and they are majorly into competitive farming. The lack of word of mouth regarding hydroponics technologies from one farming communities to another led to a low understanding of farmers worldwide' technology.

Market Segmentation

By technology, the India Hydroponics market is segmented into nutrient film technique, drip system, ebb & flow/flood drain system, and others. The nutrient film technique segment is estimated to reach a market valuation of USD XX thousand by 2027 from an initial market value of USD 1286.64 thousand in 2018. In the Nutrient film technique, the roots are directly exposed to the nutrient solution. A thin film of nutrient solution flow through the channels, and these channels are made of a flexible sheet. The products suited for production under nutrient film techniques include lettuce, different herbs, and baby greens.

The average cost per installation of Nutrient Film Technique gulleys in 1 acre varies between 23,000 and 30,000. Commercial growers across the region are currently deploying Nutrient Film Technique systems. The low-cost, high productivity nature of the system and increasing investment by the current hydroponic growers in this technology to boost leafy greens' production are the major factors driving the nutrient film segment in the Indian hydroponics market.

By product type, the India Hydroponics market is segmented into fruits & vegetables, and flowers. The fruits & vegetable segment is estimated to reach a USD XX thousand market value by 2027 from an initial market value of USD 2544.15 thousand in 2018. The market is estimated to grow at a CAGR of 13.53% in the forecasted period 2020-2027. The fruits & vegetable segments are further segmented into tomatoes, strawberries, cucumber, leafy vegetables, bell pepper, and others. These products are produced majorly through nutrient film technique, deep water culture, and Dutch bucket technique.

The consumer markets for hydroponically produced fruits and vegetables include retail and hotels, fast food chains, railway catering, foreign food service companies, defense establishments, and NGOs. Leafy Vegetables dominates India's fruits and vegetables due to the growing demand for high-quality fresh lettuce by the commercial institutions, food chains, and restaurants to meet the daily requirements are boosting the market for hydroponically produced leafy greens such as lettuce. Currently, India is importing 85% of exotic vegetables from neighboring countries, and it is expected to grow at a growth rate of 15-20% per year.

Competitive Landscape

The key strategies adopted by prominent players in the Indian hydroponics market are establishing new commercial plants in tier 1 in collaboration between regional producers and global technology providers to meet the growing demand for exotic and organic foods.

The major players include DS Group, Letectra Agritech Pvt Ltd, Sparsh Bio Life, Neoterra Farming Technologies Pvt Ltd, Delhiponics, Hydroherbs, Simply Fresh Inc, Junga Freshngreen Pvt Ltd, Triton Food Works Pvt Ltd., and Fresco.

Over the next few years, the market might experience huge competition through major food chains across the globe establishing their hydroponics farms in India.

In June 2017, The Triton Food Works Pvt Ltd established five farms in Karnataka, Maharashtra, and Delhi grabbing INR 1 Crore's revenue in 2017.

In February 2017, Infra Co Asia Development Pte Ltd. entered into a strategic agreement with Junga Freshgreen Pvt ltd to develop 9.3 hectares hydroponic-based agricultural facility in Junga, North India.

Why Purchase the Report?

  • Visualize the Indian hydroponics' composition in terms of various types of technologies, types, and product types, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the Indian hydroponics market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of India hydroponics market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The India Hydroponics report would provide approximately 42 data tables, 26 figures, and 120 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Related Topic's

Hydroponics Market

 

Table of Contents

  1. India Hydroponics Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. India Hydroponics Market – Market Definition and Overview

  3. India Hydroponics Market – Executive Summary

    1. Market Snippet by Technology
    2. Market Snippet by Type
    3. Market Snippet by Produce Type
    4. Market Snippet by Region
  4. India Hydroponics Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Growing demand for sustainable and protected farming practices
        2. The higher yield of crops grown under hydroponic facility over traditional farming
      2. Restraints
        1. Lack of awareness among the farming communities regarding hydroponics
        2. High initial investment and maintenance cost associated with hydroponics
      3. Opportunity
      4. Impact Analysis
  5. India Hydroponics Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
  6. India Hydroponics Market – By Technology

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      2. Market Attractiveness Index, By Technology
    2. Nutrient Film Technique*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2028
    3. Drip System
    4. Ebb & FLow/ Flood & Drain System
    5. Others
  7. India Hydroponics Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Outdoor Farming*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2028
    3. Indoor Farming
  8. India Hydroponics Market – By Produce Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Produce Type
      2. Market Attractiveness Index, By Produce Type
    2. Fruits and Vegetables *
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2028
        1. Tomato
        2. Strawberry
        3. Bell Pepper
        4. Leafy Vegetables
        5. Cucumber
        6. Others
    3. Flowers
  9. India Hydroponics Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. India Hydroponics Market Company Profiles

    1. Triton Foodworks*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Letcetra Agritech Pvt Ltd.
    3. DS Group
    4. Sparsh Bio Life
    5. Simply Fresh Inc.
    6. HydroHerbs
    7. Delhiponics
    8. Neoterra Farming Technologies Private Limited
    9. Junga FreshnGreen
    10. Fresco ("List not exhaustive")
  11. India Hydroponics Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 01           India Hydroponics Market Value, By Technology, 2018,2022 & 2028 (USD Million)

Table 02           India Hydroponics Market Value, By Type, 2018,2022 & 2028 (USD Million)

Table 03           India Hydroponics Market Value, By Produce Type, 2018,2022 & 2028 (USD Million)

Table 04           India Hydroponics Market Value, By Region, 2018,2022 & 2028 (USD Million)

Table 05           India Hydroponics Market Value, By Technology, 2018,2022 & 2028 (USD Million)

Table 06           India Hydroponics Market Value, By Technology, 2017-2028 (USD Million)

Table 07           India Hydroponics Market Value, By Type, 2018,2022 & 2028 (USD Million)

Table 08           India Hydroponics Market Value, By Type, 2017-2028 (USD Million)

Table 09           India Hydroponics Market Value, By Produce Type, 2018,2022 & 2028 (USD Million)

Table 10           India Hydroponics Market Value, By Produce Type, 2017-2028 (USD Million)

Table 11           India Hydroponics Market Value, By Region, 2018,2022 & 2028 (USD Million)

Table 12           India Hydroponics Market Value, By Region, 2017-2028 (USD Million)

Table 13           Triton Foodworks: Overview

Table 14           Triton Foodworks: Product Portfolio

Table 15           Triton Foodworks: Key Developments

Table 16           Letcetra Agritech Pvt Ltd.: Overview

Table 17           Letcetra Agritech Pvt Ltd.: Product Portfolio

Table 18           Letcetra Agritech Pvt Ltd.: Key Developments

Table 19           DS Group: Overview

Table 20           DS Group: Product Portfolio

Table 21           DS Group: Key Developments

Table 22           Sparsh Bio Life: Overview

Table 23           Sparsh Bio Life: Product Portfolio

Table 24           Sparsh Bio Life: Key Developments

Table 25           Simply Fresh Inc.: Overview

Table 26           Simply Fresh Inc.: Product Portfolio

Table 27           Simply Fresh Inc.: Key Developments

Table 28           HydroHerbs: Overview

Table 29           HydroHerbs: Product Portfolio

Table 30           HydroHerbs: Key Developments

Table 31           Delhiponics: Overview

Table 32           Delhiponics: Product Portfolio

Table 33           Delhiponics: Key Developments

Table 34           Neoterra Farming Technologies Private Limited: Overview

Table 35           Neoterra Farming Technologies Private Limited: Product Portfolio

Table 36           Neoterra Farming Technologies Private Limited: Key Developments

Table 37           Junga FreshnGreen: Overview

Table 38           Junga FreshnGreen: Product Portfolio

Table 39           Junga FreshnGreen: Key Developments

Table 40           Fresco: Overview

Table 41           Fresco: Product Portfolio

Table 42           Fresco: Key Developments

 

List of Figures

Figure 01          India Hydroponics Market Share, By Technology, 2018 & 2028 (%)

Figure 02          India Hydroponics Market Share, By Type, 2018 & 2028 (%)

Figure 03          India Hydroponics Market Share, By Produce Type, 2018 & 2028 (%)

Figure 04          India Hydroponics Market Share, By Region, 2018 & 2028 (%)

Figure 05          India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 06          India Hydroponics Market Y-o-Y Growth, By Technology, 2018-2028 (%)

Figure 07          Nutrient Film Technique: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 08          Drip System: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 09          Ebb & FLow/ Flood & Drain System: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 10          Others: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 11          India Hydroponics Market Y-o-Y Growth, By Type, 2018-2028 (%)

Figure 12          Outdoor Farming: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 13          Indoor Farming: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 14          India Hydroponics Market Y-o-Y Growth, By Produce Type, 2018-2028 (%)

Figure 15          Fruits & Vegetables: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 16          Flowers: India Hydroponics Market Value, 2017-2028 (USD Million)

Figure 17          Triton Foodworks: Financials

Figure 18          Letcetra Agritech Pvt Ltd.: Financials

Figure 19          DS Group: Financials

Figure 20          Sparsh Bio Life: Financials

Figure 21          Simply Fresh Inc.: Financials

Figure 22          HydroHerbs: Financials

Figure 23          Delhiponics: Financials

Figure 24          Neoterra Farming Technologies Private Limited: Financials

Figure 25          Junga FreshnGreen: Financials

Figure 26          Fresco: Financials

Frequently asked questions

Q. Who are the leading players in the India Hydroponics Market?
A. DS Group, Letectra Agritech Pvt Ltd, Sparsh Bio Life, Neoterra Farming Technologies Pvt Ltd, Delhiponics, Hydroherbs, Simply Fresh Inc, Junga Freshngreen Pvt Ltd, Triton Food Works Pvt Ltd., and Fresco.

Q. At what CAGR is the India Hydroponics Market anticipated to augment?
A. The India Hydroponics Market is projected to strike 8.3% CAGR

Q. What is the key driving factor of the India Hydroponics Market?
A. Growing demand for sustainable and protected farming practices and higher yield of crops grown under hydroponic facility over traditional farming

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Get your free sample proposal with a single click!

linkedinpinterest