Global Indoor Farming Market Outlook, 2027

Global Indoor Farming Market Outlook, 2027

Indoor farming is a technique of growing crops/plants on both large and small scales, in-home or commercially entirely indoor. It is also known as indoor gardening. Indoor farming, on the other hand, is particularly popular in major cities because plots of land of any size are scarce for growing and farming. The majority of indoor farming employs a combination of hydroponics and artificial lighting to supply plants with the nutrients and light that they would receive if cultivated outside. Some indoor farming systems, such as those used in greenhouses, can, however, combine natural and artificial resources. So indoor farming provides protected areas for growing crops like greenhouses, vertical farms either in a building or in a shipping container and deep water culture. So in order to fight water scarcity and loss of arable land, this is one of the great techniques.

According to the report title “Global Indoor Farming Market Outlook, 2027”, published by Bonafide Research, The global indoor farming market size was valued at $15866 million in 2021 and is expected to expand at a CAGR of 14.61% from 2022 to 2027. Indoor farming includes vertical farms, greenhouses and other indoor farming facilities. This controlled environment facilities are totally under observation all the time to produce more crops. For optimum plant growth, greenhouse environmental control involves controlling and modifying day and night temperatures, relative humidity, and CO2 levels. During the winter and summer, extremes in temperature and humidity are common. A well-designed production facility will tend to maintain a temperature range of 55 to 85 ℉, with humidity levels high enough to prevent water stress but low enough to prevent disease and fungus outbreaks in the crop.

In growth mechanism, the indoor farming market includes hydroponics, aeroponics, aquaponics, soil-based and hybrid facility systems. Hydroponics is used in vertical farm, deep water culture method as well as in some greenhouses. Similarly, aeroponics & aquaponics are also used in both the facility type. Among them, hydroponics is the second-fastest growing mechanism type with a CAGR of 17.1% in the forecast period. The soil-based mechanism will dominate the market in 2021. A hybrid crop is the result of two different varieties of plants that are cross-pollinated to create an offspring of hybrid that contains the best traits of each of the parents. In all aspects of life, hybridization can be immensely helpful. Farmers use hybridization to produce better crops for their farms, but botanists cross-breed flower seeds to create a variety of beautiful, brightly coloured plants, manufacturers use hybridization to produce beans that can resist certain common diseases, and scientists have developed grains that contain more nutrition for those living in famine-stricken areas. According to the Agriculture Alliance, first-generation hybrid plants yield up to 25% more, develop quicker, and are far more resistant to a variety of diseases and illnesses, including viruses, bacteria, fungi, and nematode infestation.

Indoor farming is maintained by hardware and software components. The software & service segment will grow with the highest CAGR in the forecast period. The hardware components like lighting, climate-controlling systems, sensors and other components for irrigation & fertigation system. These are the major component for better-produced output. They maintain the temperature, humidity, moisture content and proper air-circulation. The lighting segment is dominating the market share of the hardware segment in terms of value. Some of the major players are LumiGrow, Heliospectra AB, Kessil lighting, SANlight and OSRAM SYLVANIA Inc. provides the best agrisolution. By crop category, the major segments are fruits, vegetables & herbs and flowers & ornamentals. Fruits and vegetables would capture around 60% of the market share in crop type. The report includes leafy greens, lettuce, tomatoes, cucumber, strawberry, bell & chili pepper, herbs, microgreens, flowers and ornamentals.
Europe is leading the indoor farming market because the agriculture department of Europe is highly advanced & professional while Asia-pacific is the fastest-growing region. China, Japan & Singapore are the main reason to push the market potential in the forecast period. Japan dominates the market in vertical farming in the region. The aeroponics system has remarkable potential in the Middle East and Africa region because it saves more than 90% of water compared to traditional farming. Agrourbana is the first mover-vertical farming company in South America.

COVID-19 Impact
The covid-19 pandemic has impacted the indoor farming market as the lockdown restriction and lack of transportation disrupted the y-o-y growth. Food is the key to surviving and providing nutrition and in pandemic times, the demand for healthy and organic food products was so high. The growing urbanization and awareness of hygiene and quality food etc. are the drivers for the indoor farming market.

Major Companies present in the market:
Netafim, Logiqs B.V., General Hydroponics Inc., Richel Group S.A., Vertical Farms System Limited, Everlight Electronics Co., Ltd., CEL Group of Companies (Conviron), AeroFarms, Agrilution, American Hydroponics, Sky Greens, Freight Farms, GP Solutions, Inc., Farm.One, Inc., Pentair Aquatic Eco-systems Inc., Nelson and Pade, Inc., ECF Farmsystems GmbH, Signify Holding, Heliospectra AB, Lumigrow, Inc., OSRAM GmbH., Crop One Holdings, Plenty Unlimited Inc., Urban Crop Solutions, Brightfarms, Inc., Aponic Limited, Agrourbana, ZipGrow Inc.

Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Indoor Farming Market with its value and forecast along with its segments
• Region & country wise Indoor Farming market analysis
• Application wise Indoor Farming distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Italy, Spain, Netherlands)
• Asia-Pacific (China, Japan, Taiwan, Singapore, South Korea)
• Latin America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Based on type of growth mechanism in the report:
• Hydroponics
• Aeroponics
• Aquaponics
• Soil-based
• Hybrid
Based on facility type of indoor farming in the report:
• Vertical Farms
• Indoor Greenhouses
• Others

Based on component type of indoor farming in the report:
• Hardware (Lighting, Climate control, Sensors & Others)
• Software & Services

Based on Crop type in the report:
• Fruits, vegetable & herbs
• Flowers & ornamentals
• Others

Based on crop product type in the report:
• Leafy greens (including lettuce)
• Tomatoes
• Cucumber
• Strawberry
• Bell & Chili pepper
• Herbs & Microgreens
• Ornamentals
• Annuals
• Perennials
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to pharmaceutical industry, food & beverage industry, cosmetic industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Keywords: global Indoor Farming market size, Hydroponics, aeroponics, soil based farming, without soil farming, vertical farms, greenhouses farming, aquaponics, profitable farming, Nutrition industry, food & beverage, protein bars, protein supplements, energy bars, market demand Indoor Farming, North America, South America, Europe, Middle East, Africa, Asia, Asia-Pacific, China, Japan, India, Australia, USA, Canada, Mexico, UK, Italy, France, Germany, Russia, Spain, Netherland, Sweden, Spain, Brazil, Argentina, Columbia, UAE, Saudi Arabia, South Africa, South Korea.

This report would help you answer the following questions:
1. At what rate the global indoor farming market will grow in forecast period?
2. What are the types of growth mechanism’s in global indoor farming market?
3. What are the facility types in global indoor farming in the market?
4. Which type of component has huge market share?
5. Who are the major players in global indoor farming market?
6. What is the impact of Covid-19 on global indoor farming market?