Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global indoor farming market size reached US$ 17.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.

Indoor farming is a part of modern agriculture for growing crops in a protected environment. The market for Indoor farming is increasing globally catalyzed by the rising world population and a consequent demand for building secure and consistent food supplies. Conventional agriculture is locationally tied to areas with sufficient land and water. As the amount of vacant arable land and water to support conventional agriculture is dwindling, the demand of indoor farming is increasing as it is decoupled from such needs and can be located closer to end consumption.

The scarcity of land for farming across the world is one of the primary factors catalyzing indoor farming growth. As the global population continues to develop and urbanize, farmers are opening indoor facilities closer to these urban areas creating a local, stable, and sustainable year-round food supply. In addition to this, the increasing instances of droughts, floods, and other natural disasters across the globe have raised concerns over food security. This, in turn, has prompted the growth of indoor agriculture in such countries. Moreover, high-tech, fully controlled, and semi-automated greenhouse facilities in rural areas and its environmentally friendly farming practices have also driven the market demand for indoor farming. Furthermore, the growth in technological advancements in farming sensors, monitoring, and regulating devices for each aspect of cultivation has further propelled the growth of this market. Additionally, this technique enables food production in a sustainable surrounding without chemical pesticides, hence increasing the production for organic yields, which is currently in strong demand from the consumer end.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global indoor farming market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on facility type, crop type, component and growing system.

Breakup by Facility Type:

Greenhouse
Indoor Vertical Farms
Container Farms
Indoor Deep Water Culture
Others

Breakup by Crop Type:

Fruits, Vegetables and Herbs
Lettuce
Spinach
Kale
Tomato
Herbs
Bell and Chilli Peppers
Strawberry
Cucumber
Others
Flowers and Ornamentals
Annuals
Perennials
Ornamentals
Others
Others

Breakup by Component:

Hardware
Structure
LED Lights
HVAC
Climate Control System
Irrigation Systems
Others
Software
Web-based
Cloud-based

Breakup by Growing System:

Aeroponics
Hydroponics
Aquaponics
Soil-based
Hybrid

Breakup by Region:

Asia Pacific
China
Japan
Singapore
South Korea
Others
North America
United States
Canada
Europe
Netherlands
Germany
United Kingdom
France
Italy
Others
Latin America
Mexico
Brazil
Others
Middle East & Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being AeroFarms, Agricool, Agrilution Systems GmbH, AutoGrow Systems Ltd., Bowery Farming, Bright Farms Inc. (Cox Enterprises, Inc.)., Freight Farms, FreshBox Farms, Garden Fresh Farms, Green Sense Farms Holdings, Inc., Logiqs B.V., Plenty Unlimited, Inc., SananBio, Sky Greens, SPREAD Co., Ltd., Urban Crop Solutions, and Voeks Inc.

Key Questions Answered in This Report

1. What was the size of the global indoor farming market in 2022?
2. What is the expected growth rate of the global indoor farming market during 2023-2028?
3. What are the key factors driving the global indoor farming market?
4. What has been the impact of COVID-19 on the global indoor farming market?
5. What is the breakup of the global indoor farming market based on the facility type?
6. What is the breakup of the global indoor farming market based on the crop type?
7. What is the breakup of the global indoor farming market based on the component?
8. What is the breakup of the global indoor farming market based on the growing system?
9. What are the key regions in the global indoor farming market?
10. Who are the key players/companies in the global indoor farming market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Indoor farming Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Facility Type
6.1 Greenhouse
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Indoor Vertical Farms
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Container Farms
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Indoor Deep Water Culture
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Crop Type
7.1 Fruits, Vegetables, and Herbs
7.1.1 Lettuce
7.1.1.1 Market Trends
7.1.1.2 Market Forecast
7.1.2 Spinach
7.1.2.1 Market Trends
7.1.2.2 Market Forecast
7.1.3 Kale
7.1.3.1 Market Trends
7.1.3.2 Market Forecast
7.1.4 Tomato
7.1.4.1 Market Trends
7.1.4.2 Market Forecast
7.1.5 Herbs
7.1.5.1 Market Trends
7.1.5.2 Market Forecast
7.1.6 Bell and Chilli Peppers
7.1.6.1 Market Trends
7.1.6.2 Market Forecast
7.1.7 Strawberry
7.1.7.1 Market Trends
7.1.7.2 Market Forecast
7.1.8 Cucumber
7.1.8.1 Market Trends
7.1.8.2 Market Forecast
7.1.9 Others
7.1.9.1 Market Trends
7.1.9.2 Market Forecast
7.2 Flowers and Ornamentals
7.2.1 Annuals
7.2.1.1 Market Trends
7.2.1.2 Market Forecast
7.2.2 Perennials
7.2.2.1 Market Trends
7.2.2.2 Market Forecast
7.2.3 Ornamentals
7.2.3.1 Market Trends
7.2.3.2 Market Forecast
7.2.4 Others
7.2.4.1 Market Trends
7.2.4.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Component
8.1 Hardware
8.1.1 Structure
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 LED Lights
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.1.3 HVAC
8.1.3.1 Market Trends
8.1.3.3 Market Forecast
8.1.4 Climate Control System
8.1.4.1 Market Trends
8.1.4.2 Market Forecast
8.1.5 Irrigation System
8.1.5.1 Market Trends
8.1.5.2 Market Forecast
8.1.6 Others
8.1.6.1 Market Trends
8.1.6.2 Market Forecast
8.2 Software
8.2.1 Web-based
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Cloud-based
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
9 Market Breakup by Growing System
9.1 Aeroponics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Hydroponics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Aquaponics
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Soil-based
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Hybrid
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 China
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Japan
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.1.3 Singapore
10.1.3.1 Market Trends
10.1.3.2 Market Forecast
10.1.4 South Korea
10.1.4.1 Market Trends
10.1.4.2 Market Forecast
10.1.5 Others
10.1.5.1 Market Trends
10.1.5.2 Market Forecast
10.2 North America
10.2.1 United States
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Canada
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.3 Europe
10.3.1 Netherlands
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 Germany
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 France
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Italy
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Others
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.4 Latin America
10.4.1 Mexico
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Brazil
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.3 Market Forecast
10.5 Middle East & Africa
10.5.1 Market Trends
10.5.2 Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AeroFarms
14.3.2 Agricool
14.3.3 Agrilution Systems GmbH
14.3.4 Autogrow Systems Ltd
14.3.5 Bowery Farming Inc.
14.3.6 Bright Farms, Inc. (Cox Enterprises, Inc.)
14.3.7 Freight Farms
14.3.8 FreshBox Farms
14.3.9 Garden Fresh Farms
14.3.10 Green Sense Farms Holdings, Inc.
14.3.11 Logiqs B.V.
14.3.12 Plenty Unlimited, Inc.
14.3.13 SananBio
14.3.14 Sky Greens
14.3.15 SPREAD Co., Ltd
14.3.16 Urban Crop Solutions
14.3.17 Voeks Inc.

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