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Indoor Farming Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Indoor Farming Market: By Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based and Hybrid); Crop Type (Common crops, Herbs, and Microgreens); Technology (Controlled Environment Agriculture, Lighting, Air control and The Internet of Thing) and region) - Industry Dynamics, Market Size and Opportunity Forecast until 2031

  • Published Date: 16-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0522235  | Delivery: 2 to 4 Hours
INFOGRAPHIC:
Indoor Farming Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 28.7 Billion
Expected Revenue in 2031US$ 67.0 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR10.1%
Segments coveredBy Growing System, By Crop Type, By Technology, By Region 
Key Companies                                                                                 AeroFarms, AgriCool, Argus Control Systems, Bowery Farming, BrightFarms, Everlight Electronics, EXDIN Solutions, General Hydroponics, Gotham Greens, GP Solutions, Heliospectra AB, Infarm, Iron Ox, LumiGrow, Signify Holding, Sky Greens, SPREAD Co., Ltd., Other Prominent Players
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FREQUENTLY ASKED QUESTIONS

Indoor farming is the practice of growing plants or crops usually on a large scale, entirely indoors often in a specially controlled environment.

Reduce transportation cost, limited land use, water efficiency, environment-friendly, unaffected by adverse weather conditions, and no chemicals or pesticide usage. 

By using artificial lights, environmental control systems, irrigation, and fertigation systems, all environmental conditions within the enclosed structure may be regulated.

Global indoor farming market was estimated at US$ 28.7 Billion in 2022 and is expected to reach US$ 67.0 Billion by 2031. 

Europe held the major share in terms of revenue, in the global indoor farming market in 2022. 

Factors such as the lesser impact of external weather conditions and rising demand for fresh foods with high nutritive value drive the growth in the global indoor farming market over the forecast period.

High initial investments and limitations on the types of crops that can be grown is a restraining factor that inhibits the growth of the market.

The aeroponics segment is expected to project the highest CAGR over the forecast period in the indoor farming market.

China held the major share in the Asia Pacific indoor farming market in 2022. 

The production of new biopharmaceuticals continues to expand at a rapid pace, thus providing a lucrative growth opportunity in the market. 

Growing system, crop type, and technology are the different segments in the global indoor farming market.

The key players operating in the market include are AeroFarms, Agricool, Argus Control Systems Limited, Bowery Farming​ Inc., BrightFarms, Everlight Electronics Co., Ltd., Gotham Greens and Grow Pod Solutions among others.

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