The global Indoor Farming market size was valued at $46.73 billion in 2024, and is projected to reach $95.24 billion by 2030, growing at a CAGR of 12.6% during the forecast period.
• An increase in health consciousness and consumption of residue-free food has paved the way for the usage of advanced techniques is likely to bolster the growth of indoor farming market
• Indoor farming produce higher yield compared to conventional farming methods. Enclosed facilities used in indoor farming create finest growing conditions for farmers to grow a crop from seed to the harvesting stages in minor time and attain higher yields in each cycle with limited land area.
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• In addition, the increasing population around the world, especially in emerging economies such as China, India, among others, has led to an increase in the food demand, will expand the market growth in the foreseeable future.
• High requirement of initial investments and lack of skilled personnel are the factors that are responsible for restraining the growth of the market.
Indoor farming is a part of modern agriculture that involves the cultivation of crops in an indoor space with a controlled and favorable environment. Indoor farming allows for the farming of a wide range of crops, including leafy vegetables, herbs, vegetables, fruits, micro greens, and flowers, this enhances the overall quantity of crop yield by utilizing stacked layers of potted seeds and uses artificial lighting and technology to obtain the required levels of light and nutrients. It protects the farm from bad weather, which generally acts as an obstacle to the production of conventional crops. This type of farming is mostly related to the city or urban farming owing to its capability to flourish the farming in limited space.
By Crop Type, the fruits, vegetables, and herbs Segment to Experience Dynamic Growth through 2026
The fruits, vegetables, and herbs segment subjected to dominate the market and is estimated to lead the market in the forecast period. The increasing cultivation of common grown fruits, vegetables, and herbs such as tomato, lettuce, leafy greens, cucumber, bell and chili peppers, is driving the segment growth. These crops are grown on a large scale and deliver utmost profit from their cultivation to the companies involved in the production of the crops. Tomato is widely cultivated crop owing to its swift cultivation rate and held the largest market share.
By Geography, Asia Pacific Region to Grow at Faster Pace
Asia Pacific region is estimated to witness the significant growth rate in the foreseeable future. Countries like Japan and China are expected to boost the market growth opportunities owing to the presence of a large number of indoor farms. In addition, the constantly rising population in the region has resulted in an increasing demand for organic food, which has led to the construction of greenhouses as well as vertical farms to produce crops. The increasing awareness about the significance of alternative farming owing to less accessibility of fertile agricultural land is expected to further boost regional demand.
List of the Key Players Profiled in the Market Include:
• AeroFarms
• Bowery Inc.
• Bright Farms Inc.
• Certhon
• FreshBox Farms
• Garden Fresh Farms
• General Hydroponics
• Green Sense Farms LLC
• Hydrodynamics International
• Metropolis Farms Inc.
• Netafim
• Richel Group
• Sky Greens (Sky Urban Solutions)
• Vertical Farm Systems
• Village Farms International Inc.
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Growing System:
• Aeroponics
• Hydroponics
• Aquaponics
• Soil-based
• Hybrid
Market by, Facility Type:
• Glass or Poly Greenhouses
• Indoor Vertical Farms
• Container Farms
• Indoor Deep Water Culture (DWC) Systems
• Other Facility Types
Market by, Component:
• Hardware
• Software
Market by, Crop Type:
• Fruits, Vegetables, & Herbs
• Flowers & Ornamentals
Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Rise in requirement for higher yield with limited water and space
4.1.2 Minute impact of fluctuating climatic condition
4.1.3 Surging demand for fresh food with high nutritious value
4.2 Market Restraints
4.2.1 Lack of skilled workforce
4.2.2 High requirement of initial investments
4.3 Impact of COVID-19 on Indoor Farming Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Indoor Farming Market by, Growing System
6.1 Overview
6.2 Aeroponics
6.3 Hydroponics
6.4 Aquaponics
6.5 Soil-based
6.6 Hybrid
7 Global Indoor Farming Market by, Facility Type
7.1 Overview
7.2 Glass or Poly Greenhouses
7.3 Indoor Vertical Farms
7.4 Container Farms
7.5 Indoor Deep Water Culture (DWC) Systems
7.6 Other Facility Types
8 Global Indoor Farming Market by, Component
8.1 Overview
8.2 Hardware
8.3 Software
9 Global Indoor Farming Market by, Crop Type
9.1 Overview
9.2 Fruits, Vegetables, & Herbs
9.2.1 Tomato
9.2.2 Lettuce
9.2.3 Bell & Chili Peppers
9.2.4 Strawberry
9.2.5 Cucumber
9.2.6 Leafy Greens (excluding lettuce)
9.2.7 Other Fruits, Vegetables, & Herbs
9.3 Flowers & Ornamentals
9.3.1 Perennials
9.3.2 Annuals
9.3.3 Ornamentals
10 Global Indoor Farming Market by, Geography
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Key Developments
12 Company Profiling
12.1 AeroFarms
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 Bowery Inc.
12.3 Bright Farms Inc.
12.4 Certhon
12.5 FreshBox Farms
12.6 Garden Fresh Farms
12.7 General Hydroponics
12.8 Green Sense Farms LLC
12.9 Hydrodynamics International
12.10 Metropolis Farms Inc.
12.11 Netafim
12.12 Richel Group
12.13 Sky Greens (Sky Urban Solutions)
12.14 Vertical Farm Systems
12.15 Village Farms International Inc.
Report Details
SKU Code | : DI2025 |
Industry | : Agriculture |
Region | : Global |
Tables | : 204 |
Format | : Electronic PDF |
Published | : 2024 |
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