Hydrofarm Holdings Group, Inc. - Common Stock (HYFM)

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Palm Beach, FL – September 9, 2021 – FinancialNewsMedia.com News Commentary – The UN Food and Agriculture Organization estimates that the world would need to generate 70% more food by 2050 in order to meet the food demand. With the rapid growth of global population diminishing agricultural lands and depletion of scarce natural resources, the need to improve farm yield has become crucial. Here is where farm management and agriculture IP enter the picture. The growth of the farm management software market is driven by factors such as increasing implementation of cloud computing in real-time farm data management, growing population and subsequent rise in demand for food worldwide, and strengthening of intellectual property rights over agricultural innovations. Government support to encourage the adoption of modern agricultural techniques and focus on monitoring livestock performance and health to increase farm efficiency are also driving the growth of the farm management software market.  A report from MarketsAndMarkets said that the global farm management software market is estimated to grow from USD 2.1 billion in 2021 to USD 4.2 billion by 2026 at a CAGR of 14.7% during 2021–2026.   Active Companies in the markets today include AgriFORCE Growing Systems Ltd. (NASDAQAGRI), Agrify Corporation NASDAQ: AGFYNASDAQAGFY)(NASDAQ: UGRONASDAQUGRO, AppHarvest, Inc. (NASDAQ: APPHNASDAQ), Hydrofarm Holdings Group, Inc. (NASDAQ: HYFMHYFM).

Palm Beach, FL – July 20, 2021 – Food manufacturers ranging from startups to well-known companies to the world’s largest meat companies are innovating rapidly in the plant-based market. Next-generation plant-based meat, egg, and dairy products are increasingly competitive with animal products on taste, price, and accessibility. Distribution is expanding, and a growing number of mainstream consumers are buying plant-based options. In the U.S., 98 percent of people who buy plant-based meat also purchase conventional meat, says The Good Food Conference. They add that More consumers than ever are seeking to reduce their meat consumption and eat more alternative proteins…and Increasing consumer demand for plant-based options is driving restaurants and retailers to offer more plant-based selections. Of consumers who have tried plant-based meat, 80 percent plan to replace some or all animal-based meat with plant-based meat in the next year.   A report from Meticulous Research added: “Plant-based food products are defined as a finished product consisting of ingredients derived from plants that include vegetables, fruits, whole grains, nuts, seeds, and/or legumes. What differentiates them from animal-based foods is that their fiber fraction is made of indigestible compounds, mainly, pectins, hemicellulose, cellulose, and/or resistant starch. The plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027.”   Active Companies in the markets today include AgriFORCE Growing Systems Ltd. (NASDAQAGRI), Agrify Corporation NASDAQ: AGFYNASDAQAGFY)(NASDAQ: UGRONASDAQUGRO, GrowGeneration Corp.  (NASDAQ: GEWGNASDAQ), Hydrofarm Holdings Group, Inc. (NASDAQ: HYFMHYFM).