Global Indoor Farming Market Overview:
Indoor farming means growing plants or crops indoors on a small or large scale. It helps boost the crop yield per unit area by using the stacked layers of potted seeds. It implements methods, such as aquaponics and hydroponics, and utilizes artificial lighting for adequate light levels and nutrients. The demand for indoor farming is witnessing rapid growth due to limited land use, water efficiency, and the diverse advantages of controlled farming devoid of climate change.
The latest report published by IMARC Group, titled“ Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global indoor farming market size reached a value of US$ 15.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.1 Billion by 2027, exhibiting at a CAGR of 11.8% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Global Indoor Farming Market Trends:
The global market is majorly driven by the growing awareness regarding the advantages of consuming fresh and high-quality food among consumers. In line with this, the rising population has led to an increase in food demand, which, in turn, is driving the growth of indoor farming market across the globe. Furthermore, the widespread adoption of advanced technologies for greenhouses and vertical farms is creating a positive outlook for the market. Apart from this, the inflating disposable incomes have increased the demand for healthy, fresh, and nutritious food, which is positively influencing the market. Moreover, the growing focus on adopting technologies, such as active heat systems and LEDs, to improve farm yield is catalyzing the market growth.
Global Indoor Farming Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
- Agrilution Systems GmbH
- AutoGrow Systems Ltd.
- Bowery Farming
- Bright Farms Inc. (Cox Enterprises, Inc.).
- Freight Farms
- FreshBox Farms
- Garden Fresh Farms
- Green Sense Farms Holdings, Inc.
- Logiqs B.V.
- Plenty Unlimited, Inc.
- Sky Greens
- SPREAD Co., Ltd.
- Urban Crop Solutions
- Voeks Inc.
Also Read Full Blog: Top Indoor Farming Companies Worldwide
Breakup by Facility Type:
- Indoor Vertical Farms
- Container Farms
- Indoor Deep Water Culture
Breakup by Crop Type:
Fruits, Vegetables and Herbs
- Bell and Chilli Peppers
Flowers and Ornamentals
Breakup by Component:
- LED Lights
- Climate Control System
- Irrigation Systems
Breakup by Growing System:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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