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Indoor Farming Market By Growing System , By Facility Type, Component , Crop Type, and By Region and Forecasts 2016 to 2026

The Indoor Farming market is projected to grow at a CAGR of 10.2% to reach USD 53.7 billion by 2026 from 27.2 billion in 2019. The increasing urbanization and rising population have created a growth in the demand for food, this has in turn led to the demand for indoor farming. This market is growing at a double-digit CAGR.

The research report analyses the ecosystem of Indoor Farming and categorizes the Indoor Farming Market to forecast the revenues and analyse the trends in each of the following below-mentioned market segments.

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Growing System

  • Hydroponics
  • Aeroponics
  • Soil-Based
  • Aquaponics
  • Hybrid
  • Others

By Component Type

  • Irrigation Component
  • Lighting
  • Building Material
  • Sensor
  • Climate Control

By Facility Type

  • Indoor Vertical Farms
  • Glass or Poly Greenhouses
  • Indoor Deep Water Culture (DWC) Systems
  • Container Farms

By Component

  • Hardware Services
  • Software & Services

By Crop Type

  • Herbs & Microgreens
  • Fruits & Vegetables
  • Flowers & Ornamentals
  • Others

 By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest Of Asia Pacific
  • South America
  • ROW

Unique Insights Provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Technology landscape
  5. Regulatory scenario
  6. Patent trends
  7. Market trends
  8. Covid-19 impact analysis
  9. Innovations
  10. Pricing trends
  11. Sustainability trends and environmental concerns
  12. Critical Success Factors
  13. Competitive Landscape
  14. Customer preferences

In terms of Growing System the Aeroponics, the segment is estimated to be the fastest-growing segment during the forecast period

In terms of the Growing System, the global Indoor Farming market can be segregated into Hydroponics, Aeroponics, Soil-Based, Aquaponics, Hybrid and Others. The Aeroponics segment of the Indoor Farming market is projected to be the fastest-growing segment. In Aeroponics, the roots of plants inserted are inserted in containers filled with plant nutrients, instead of soil. This also aids in better oxygenation and further helps the plants absorb nutrients and moisture effectively, thereby assisting in rapid development and cultivation.

The Aeroponics system also enhances crop yields and reduces costs as compared to other traditional farming techniques or to any other alternative farming methods.  This farming method does not need pesticides; hence it is highly environment friendly.

By Facility Type, the Indoor Vertical Farm is expected to be the fastest-growing segment

Indoor Vertical Farm is expected to grow at the highest CAGR during the forecast period. The growing demand for sustainable food production in the Middle East countries is possible by adopting Indoor vertical farming technologies in agriculture.  It is thus fast gaining popularity and therefore emerging as the fastest-growing segment of the Indoor Farming market. The main advantages of indoor vertical farm-grown fruits and vegetables are that they are pesticide- and herbicide-free, less need for water and land, have short grown cycles, and offer year-round production. 

Europe is expected to be the largest segment in the forecast period

Europe accounted for the largest share of the Indoor Farming market. The region is also projected to witness a higher product demand in the coming years on account of higher urbanization, rising demand for organic foods, environment-friendly agriculture practices, shifting consumer preferences, and changing lifestyle habits. Rising disposable income coupled with growing consumer awareness in major Asia- Pacific countries such as Japan, China, India, Malaysia, Singapore, South Korea, and Indonesia has contributed to the growing market of Indoor Farming in this region. Geographically, Asia-Pacific is expected to witness the fastest growth in the indoor farming market.

The report also provides an in-depth analysis of indoor farming market dynamics:

Indoor Farming Market Drivers:

  • Increase in popularity of organic foods  
  • Reducing arable land for traditional agriculture
  • Increasing consumer demand for pesticide- and herbicide-free food

Indoor Farming Market Restraints:

  • High initial investment
  • Limitations on crop varieties

Indoor Farming Market Opportunities:

  • New Technologies

Indoor Farming Market Challenges:

  • Maintaining optimum technical parameters for farming like temperature and humidity, air circulation and HVAC equipment

Company Profiles and Competitive Intelligence Covered in Indoor Farming Market Report are:

  • AeroFarms
  • Bright Farms Inc.
  • Bowery Inc.
  • FreshBox Farms
  • Metropolis Farms Inc.
  • Garden Fresh Farms
  • Village Farms International Inc
  • Green Sense Farms LLC
  • Sky Greens 
  • Richel Group
  • Netafim
  • LumiGrow
  • Illumitex
  • Hydrodynamics International
  • Agrilution
  • Argus Control System Limited

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Researchcmfe was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it's not just sheer data points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built Researchcmfe to raise the standards of research support.

 

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