Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Indoor Farming Market Size is Expected to Grow from USD 38.04 Billion in 2023 to USD 128.58 Billion by 2033, at a CAGR of 12.95% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Indoor Farming Market Size, Share, and COVID-19 Impact Analysis, By Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-based, and Hybrid), By Facility Type (Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep-Water Culture Systems, and Other), By Crop Type (Fruits & Vegetables, Herbs and Microgreens, Flowers & Ornamentals, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Indoor farming involves cultivating crops indoors in a controlled environment, while vertical farming involves plants piled vertically. It often uses soilless techniques like hydroponics, aquaponics, and aeroponics, along with controlled-environment agriculture, to achieve the highest plant development rate. Food and agricultural production systems are being impacted by environmental problems brought on by climate change, such as soil erosion and groundwater depletion. Governments are encouraging indoor farming, which is driving the rise of the organic food sector. People believe that eating organic food is safer, healthier, and more environmentally friendly. Suppliers, manufacturers, and legislators must all employ effective marketing techniques because consumer purchasing patterns have a significant impact on demand. Various government initiatives drive the market of indoor farming. For instance, up to 75% of the cost of starting a vertical garden can be covered by the Kerala State Horticulture Mission (SHM). Promoting sustainable urban farming and making the most of the restricted space are the goals of this project. However, it is anticipated that the market growth would be impeded by the high initial investment required to construct indoor farms and the restrictions placed on the range of products that may be grown.
The soil-based segment is predicted to hold the largest market share through the forecast period.
Based on the growing system, the indoor farming market is classified into aeroponics, hydroponics, aquaponics, soil-based, and hybrid. Among these, the soil-based segment is predicted to hold the largest market share through the forecast period. Soil-based farming, which uses worms to aerate soil and recirculate drainage, produces more pesticide-free crops than traditional farming methods. This method, which can be mounted on bunks, mobile homes, or shipping containers, maximizes crop yields while reducing land footprint.
The glass or poly greenhouses segment is anticipated to hold the largest market share during the projected timeframe.
Based on the facility type, the indoor farming market is divided into glass or poly greenhouses, indoor vertical farms, container farms, indoor deep-water culture systems, and others. Among these, the glass or poly greenhouses segment is anticipated to hold the largest market share during the projected timeframe. Greenhouses regulate temperature, humidity, and light for optimal plant growth. Modern glass and poly greenhouses are energy-efficient, durable, and low maintenance. Poly greenhouses are lightweight, easy to install, and cost-effective for increased crop yield and reduced water usage.
The fruits and vegetable segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the crop type, the indoor farming market is divided into fruits and vegetables, herbs and microgreens, flowers and ornamentals, and others. Among these, the fruits and vegetable segment is anticipated to hold the greatest market share during the projected timeframe. Consumer preference for fresh, pesticide-free produce is increasing due to health and environmental concerns. Fruits and vegetables are essential for a healthy diet, making them ideal for indoor farming. Indoor farming offers versatility, year-round production, and sustainability. Technological advancements and increased consumer awareness of locally grown produce are driving the indoor farming market for fruits and vegetables, expected to grow significantly.
North America is estimated to hold the largest share of the indoor farming market over the forecast period.
North America is estimated to hold the largest share of the indoor farming market over the forecast period. The US greenhouse horticulture and agriculture market is one of North America's largest, relying on cost-effective production systems. Opportunities for vertical farming arise with improved food security and availability, requiring increased business investment.
Europe is predicted to have the fastest CAGR growth in the indoor farming market over the forecast period. The regional growth in indoor farming is driven by the adoption of technologies like Controlled Environment-Agriculture (CEA) and LEDs, driven by government initiatives and investment by farm owners to improve yield and reduce labor costs.
Company Profiling
Major key players in the indoor farming market include Argus Control Systems Ltd., Certhon, General Hydroponics, AeroFarms, Hydrodynamics International, Signify Holding, Richel Group, Illumitex, Lumigrow, Bowery Inc., Gotham Greens, Plenty Unlimited Inc., GrowUp Urban Farms Ltd., BrightFarms Inc., Vertical Farm Systems, PRIVA, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the indoor farming market based on the below-mentioned segments:
Global Indoor Farming Market, By Growing System
Global Indoor Farming Market, By Facility Type
Global Indoor Farming Market, By Crop Type
Global Indoor Farming Market, By Regional Analysis
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