Market Overview:
The global indoor farming 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 farming, and government initiatives for promoting agriculture. The global indoor farming 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 growing at a fast pace due its benefits such as high yield with less space requirement and low water usage.
Product Definition:
The definition of indoor farming is the process of growing crops and plants inside a controlled environment. Indoor farming is important because it allows for crops to be grown year-round, which can increase food production and help to reduce food waste.
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 eliminate the risk of soil organisms causing diseases and to provide better control over nutrients. Hydroponic farming does not require any pesticides as there are no crops or herbs in grow beds; therefore it reduces human intervention and henceforth reduces maintenance costs.
Aeroponics:
The aeroponics farming technique is a method of growing plants without soil. In this method, the plant roots are hung in a dark chamber and sprayed with nutrient-rich solution periodically. The benefit of this system is that there are no harmful chemicals used for growing or harvesting crops. Aeroponics farming does not require any pesticides as the crops grow naturally; therefore it reduces the risk associated with crop failure due to pests and diseases.
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 in developed as well as developing countries is projected to be a major factor driving the growth of this segment during the forecast period.
The increasing popularity of hydroponics among home gardeners and farmers alike has resulted in increased demand for products such as grow lights, nutrients, soil replacement products & additives along with other accessories required for successful plant growth at different stages. This trend will positively influence market growth during the forecast period.
Aeroponics is gaining popularity due to its ease of use along with benefits such as cost-effectiveness.
Regional Analysis:
Asia Pacific dominated the global indoor farming market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of farmers who are adopting these farms owing to better returns on investment as compared to other conventional farming practices. China, India, Japan, South Korea and Australia are some of the countries that have adopted modern technologies such as hydroponics and aeroponics for agricultural production.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period due to increasing awareness regarding indoor farms among farmers from developing economies including China & India. Furthermore, supportive government policies aimed at reducing dependency on imports for food supply will also drive growth in this region. Countries such as Israel have been working with African countries like Malawi & Mozambique for implementing these farms owing to growing need for alternative sources of energy source that can provide sustainable solutions against power outages caused by natural calamities or weather conditions etc.
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 farming is an ideal way to produce organically grown crops as it eliminates the need for pesticides and other chemicals that are used in traditional farming methods.
- Rising population and shrinking arable land: The world’s population is expected to reach 9 billion by 2050, which will put a lot of pressure on the available arable land resources. Indoor farming can help address this issue by allowing farmers to cultivate crops in a controlled environment, thus maximizing yields per acreage.
- Need for sustainable agriculture: With climate change causing droughts, floods, and other weather-related disasters, there is an increased focus on sustainable agriculture practices that do not damage or deplete natural resources. Indoor farming meets this requirement as it does not rely on traditional agricultural inputs such as water and fertilizers/pesticides that can be harmful to the environment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor Farming 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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Indoor Farming Market Report Segments:
The global Indoor Farming 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 Farming 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 Farming 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
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- Product & Brand Management
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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 farming is a type of agriculture that uses controlled environmental conditions to produce crops. This includes factors like temperature, humidity, and light.
Some of the major companies in the indoor farming 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 Farming 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 Farming Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Indoor Farming Market - Supply Chain
4.5. Global Indoor Farming Market Forecast
4.5.1. Indoor Farming Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Indoor Farming Market Size (000 Units) and Y-o-Y Growth
4.5.3. Indoor Farming Market Absolute $ Opportunity
5. Global Indoor Farming 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 Farming 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 Farming 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 Farming 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 Farming 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 Farming 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 Farming 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 Farming 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 Farming Demand Share Forecast, 2019-2026
9. North America Indoor Farming 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 Farming 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 Farming 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 Farming 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 Farming Demand Share Forecast, 2019-2026
10. Latin America Indoor Farming 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 Farming 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 Farming 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 Farming 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 Farming Demand Share Forecast, 2019-2026
11. Europe Indoor Farming 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 Farming 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 Farming 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 Farming 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 Farming Demand Share, 2019-2026
12. Asia Pacific Indoor Farming 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 Farming 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 Farming 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 Farming 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 Farming Demand Share, 2019-2026
13. Middle East & Africa Indoor Farming 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 Farming 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 Farming 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 Farming 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 Farming Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Indoor Farming Market: Market Share Analysis
14.2. Indoor Farming Distributors and Customers
14.3. Indoor Farming 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
