Market Overview:
The global indoor agriculture market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fresh and organic food, technological advancements in indoor agriculture, and government initiatives for promoting urban farming. The global indoor agriculture market is segmented on the basis of type into hydroponics, aeroponics, and others. Hydroponics is expected to hold the largest share of the market during the forecast period owing to its advantages such as low water usage, no soil required, and ability to cultivate crops in any climate. Aeroponics is projected to grow at a high rate during the forecast period due its benefits such as low energy consumption, no use of pesticides or herbicides, and shorter production time as compared with other methods.
Product Definition:
Indoor agriculture is the practice of growing plants or crops indoors, under controlled environmental conditions. The importance of indoor agriculture lies in its ability to provide a consistent and reliable food supply, even in times of drought or other natural disasters. Indoor agriculture can also help reduce the carbon footprint of traditional farming methods.
Hydroponics:
Hydroponics is a method of growing plants without soil, where the soil is replaced by a mineral solution inserted around the plant roots. The technique is used to grow plants in nutrient solutions that are different from those found in natural soil. Hydroponic farming produces crops with greater yield and faster growth than traditional farming techniques. It also reduces water consumption and land required for crop production, as well as improves food quality and shelf life.
Aeroponics:
The indoor agriculture market is expected to witness significant growth over the forecast period owing to increasing awareness among consumers regarding sustainable food production. Aeroponics is a method of growing plants without soil, in which roots of plant are hung in a dark chamber with nutrient rich solution flowing above the plant roots. The nutrients are absorbed by the root from an air space and as there is no need for light, this helps in increasing productivity and reducing cost.
Application Insights:
The vegetable cultivation segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to continue its dominance over the forecast period. The rising demand for vegetables, fruits, and herbs grown in a controlled environment has resulted in an increased focus on indoor agriculture among farmers. Furthermore, technological advancements such as LED lighting have made it easier for farmers to grow crops efficiently indoors.
The others application segment includes fish farming, micro-livestock raising (poultry), and small-scale animal production (sheep/goat). The increasing demand for food produced by aquaculture has led to an increased focus on indoor agriculture systems among consumers across the globe. Moreover, consumer preference towards raised livestock production is expected to drive this segment further during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing number of people opting for a sedentary lifestyle. This trend is anticipated to have a negative impact on agriculture-related activities, thereby impacting the demand for global indoor agriculture solutions in Asia Pacific negatively.
However, with changing lifestyles and rising disposable incomes among individuals across emerging economies such as China and India, farmers are increasingly investing in these systems owing to their ability to produce crops using less land area as compared to traditional farming practices. Moreover, governments across various countries are actively supporting such initiatives due to their potential not only for producing food but also creating new job opportunities within urban areas of respective countries.
Growth Factors:
- Increasing demand for organic food: The global market for organic food is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of organic food among consumers. Indoor agriculture offers an efficient and controlled environment for growing organic crops, which is driving its adoption in several countries.
- Urbanization and population growth: The world’s population is expected to reach 9 billion by 2050, with most of the growth happening in urban areas. This will create a huge demand for fresh fruits and vegetables, which can be met through indoor agriculture systems that are located close to cities.
- Rising concerns about food safety: Consumers are increasingly becoming aware of the importance of food safety and are looking for ways to ensure that their food is safe from harmful contaminants such as pesticides, bacteria, etc. Indoor agriculture offers a safe and contamination-free environment for growing crops, making it an attractive option for many consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor Agriculture Market Research Report
By Type
Hydroponics, Aeroponics, Others
By Application
Vegetable Cultivation, Fruit Planting, Others
By Companies
AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Sky Vegetables, TruLeaf, Urban Crops, Sky Greens, GreenLand, Scatil, Jingpeng, Metropolis Farms, Plantagon, Spread, Sanan Sino Science, Nongzhong Wulian, Vertical Harvest, Infinite Harvest, FarmedHere, Metro Farms, Green Spirit Farms, Indoor Harvest, Sundrop Farms, Alegria Fresh
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Indoor Agriculture Market Report Segments:
The global Indoor Agriculture market is segmented on the basis of:
Types
Hydroponics, Aeroponics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vegetable Cultivation, Fruit Planting, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AeroFarms
- Gotham Greens
- Plenty (Bright Farms)
- Lufa Farms
- Beijing IEDA Protected Horticulture
- Green Sense Farms
- Garden Fresh Farms
- Mirai
- Sky Vegetables
- TruLeaf
- Urban Crops
- Sky Greens
- GreenLand
- Scatil
- Jingpeng
- Metropolis Farms
- Plantagon
- Spread
- Sanan Sino Science
- Nongzhong Wulian
- Vertical Harvest
- Infinite Harvest
- FarmedHere
- Metro Farms
- Green Spirit Farms
- Indoor Harvest
- Sundrop Farms
- Alegria Fresh
Highlights of The Indoor Agriculture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydroponics
- Aeroponics
- Others
- By Application:
- Vegetable Cultivation
- Fruit Planting
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Indoor Agriculture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Indoor agriculture is a type of farming that takes place in an enclosed space such as a greenhouse, underutilized part of the building, or inside a vehicle. This type of farming is often used to grow plants that are not typically grown outdoors, such as flowers or vegetables.
Some of the major companies in the indoor agriculture market are AeroFarms, Gotham Greens, Plenty (Bright Farms), Lufa Farms, Beijing IEDA Protected Horticulture, Green Sense Farms, Garden Fresh Farms, Mirai, Sky Vegetables, TruLeaf, Urban Crops, Sky Greens, GreenLand, Scatil, Jingpeng, Metropolis Farms, Plantagon, Spread, Sanan Sino Science, Nongzhong Wulian, Vertical Harvest, Infinite Harvest, FarmedHere, Metro Farms, Green Spirit Farms, Indoor Harvest, Sundrop Farms, Alegria Fresh.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Indoor Agriculture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Indoor Agriculture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Indoor Agriculture Market - Supply Chain
4.5. Global Indoor Agriculture Market Forecast
4.5.1. Indoor Agriculture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Indoor Agriculture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Indoor Agriculture Market Absolute $ Opportunity
5. Global Indoor Agriculture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Indoor Agriculture Market Size and Volume Forecast by Type
5.3.1. Hydroponics
5.3.2. Aeroponics
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Indoor Agriculture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Indoor Agriculture Market Size and Volume Forecast by Application
6.3.1. Vegetable Cultivation
6.3.2. Fruit Planting
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Indoor Agriculture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Indoor Agriculture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Indoor Agriculture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Indoor Agriculture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Indoor Agriculture Demand Share Forecast, 2019-2026
9. North America Indoor Agriculture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Indoor Agriculture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Indoor Agriculture Market Size and Volume Forecast by Application
9.4.1. Vegetable Cultivation
9.4.2. Fruit Planting
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Indoor Agriculture Market Size and Volume Forecast by Type
9.7.1. Hydroponics
9.7.2. Aeroponics
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Indoor Agriculture Demand Share Forecast, 2019-2026
10. Latin America Indoor Agriculture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Indoor Agriculture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Indoor Agriculture Market Size and Volume Forecast by Application
10.4.1. Vegetable Cultivation
10.4.2. Fruit Planting
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Indoor Agriculture Market Size and Volume Forecast by Type
10.7.1. Hydroponics
10.7.2. Aeroponics
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Indoor Agriculture Demand Share Forecast, 2019-2026
11. Europe Indoor Agriculture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Indoor Agriculture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Indoor Agriculture Market Size and Volume Forecast by Application
11.4.1. Vegetable Cultivation
11.4.2. Fruit Planting
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Indoor Agriculture Market Size and Volume Forecast by Type
11.7.1. Hydroponics
11.7.2. Aeroponics
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Indoor Agriculture Demand Share, 2019-2026
12. Asia Pacific Indoor Agriculture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Indoor Agriculture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Indoor Agriculture Market Size and Volume Forecast by Application
12.4.1. Vegetable Cultivation
12.4.2. Fruit Planting
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Indoor Agriculture Market Size and Volume Forecast by Type
12.7.1. Hydroponics
12.7.2. Aeroponics
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Indoor Agriculture Demand Share, 2019-2026
13. Middle East & Africa Indoor Agriculture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Indoor Agriculture Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Indoor Agriculture Market Size and Volume Forecast by Application
13.4.1. Vegetable Cultivation
13.4.2. Fruit Planting
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Indoor Agriculture Market Size and Volume Forecast by Type
13.7.1. Hydroponics
13.7.2. Aeroponics
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Indoor Agriculture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Indoor Agriculture Market: Market Share Analysis
14.2. Indoor Agriculture Distributors and Customers
14.3. Indoor Agriculture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AeroFarms
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gotham Greens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Plenty (Bright Farms)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lufa Farms
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beijing IEDA Protected Horticulture
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Green Sense Farms
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Garden Fresh Farms
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mirai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sky Vegetables
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TruLeaf
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Urban Crops
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sky Greens
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GreenLand
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Scatil
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jingpeng
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Metropolis Farms
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Plantagon
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Spread
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sanan Sino Science
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Nongzhong Wulian
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
