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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088312

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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088312

Global Indoor Farming Market, By Growing System, By Facility Type, By Component, By Crop Type, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028

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Global Indoor Farming Market to Grow at a CAGR of 10.20% in the Forecast Period

Global indoor farming market is growing at a high CAGR because of the rising demand for fresh food items and increasing health consciousness among consumers along with the rising global population and constraints on land and resources due to agriculture…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global indoor farming market was worth USD 15.7 billion in the year 2021. The market is projected to grow at a CAGR of 10.20%, earning revenue of around USD 30.8 billion by the end of 2022. The global indoor farming market is flourishing at a high rate owing to the rising demand for fresh food items and increasing health consciousness among consumers. Furthermore, the rising global population and constraints on land and resources due to agriculture may further emerge as a major driving factor for the growth of the market. However, the high initial investment involved in the global indoor farming market may act as a huge restraining factor for the market growth.

Integration of Advanced Technologies in Indoor Farming Practices is Driving the Market Growth

The integration of advanced technologies is one of the major components of indoor farming to function. Indoor farming deploys multiple technologies including the Internet of Things (IoT), artificial intelligence, big data analytics, robotics, etc., to create a specific environment that the plant or crop needs to grow. These technologies are also used to monitor, test, review and improve predictive analysis through the collection of data by IoT sensors and provide necessary changes to boost production and quality of the output.

Global Indoor Farming Market - By Component

Based on components, the global indoor farming market is segmented into hardware and software & services. The hardware segment holds the largest market share. This segment is further classified into irrigation systems, climate control systems, sensors, lighting systems, communication systems, system controls, and others. These components play a crucial factor in providing the accurate environment for the plants to grow according to their needs, which is driving its overall market growth.

Global Indoor Farming Market - By Crop Type

Based on crop type, the global indoor farming market is segmented into fruits & vegetables, herbs & microgreens, flowers & ornamentals, and others. The fruits & vegetable segment accounts for the largest market share. The companies are significantly focusing on producing fruits and vegetables, among which tomato leafy greens, chili peppers, etc., are emerging as the most popular choice to generate maximum profit. The flowers and ornamentals segment also covers a substantial market share.

Global Indoor Farming Market - Regional Insights

Geographically, the global indoor farming market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Europe dominates the global indoor farming market owing to the high penetration and investment towards high-end technologies such as Controlled Environment Agriculture, sensors, use of LEDs for lightening, etc. Furthermore, favorable government initiatives such as subsidies to the indoor farming components and infrastructures also play a crucial role in propelling the growth of the market in the European regions.

Impact of COVID-19 on Global Indoor Farming Market

The unprecedented COVID-19 outbreak brought tremendous growth opportunities for the global indoor farming market. Although the market was negatively impacted by the pandemic during the initial period since the infrastructure development for indoor farming was halted and the supply of hardware components was hindered. However, the increasing health consciousness among consumers along with declining dependence of imported food items by the countries post the import-export restrictions globally is offering lucrative growth opportunities to the global indoor farming market.

Competitive Landscape

The leading market players of the global indoor farming market are AeroFarms, Sky Greens, BrightFarms Inc., Green Sense Farms LLC, BrightFarms Inc., Village Farms International Inc., Bowery Inc., Garden Fresh Farms, FreshBox Farms, Metropolis Farms Inc., Everlight Electronics, Argus Control Systems, Grobo, Signify Holding, VitaLink, Hydrodynamics International, Emerald Harvest, Advanced Nutrients, General Hydroponics, Hydroponics System International, Heliospectra AB, Vertical Farm Systems, Richel Group, and other prominent players.

The global indoor farming market is fragmented with the presence of several regional companies and startups. The market is still emerging due to which it is welcoming towards new entrants. The companies are significantly focusing on market expansion by investing in the establishment of greenhouses and other infrastructure. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Don't miss the business opportunity of the global indoor farming market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global indoor farming market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global indoor farming market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Product Code: BWC22174

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary and Secondary Sources
  • 2.2. Quantitative Research
    • 2.2.1. Primary and Secondary Sources
  • 2.3. Breakdown of Primary Research Respondents
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Industry Participants
  • 2.5. Key Questionnaire asked during Primary Interviews
  • 2.6. Key Primary Responses
  • 2.7. Market Size Estimation
  • 2.8. Assumption for the Study
  • 2.9. Market Breakdown & Data Triangulation

3. Executive Summary

4. Global Indoor Farming Market - Industry Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunity
    • 4.2.4. Challenges
  • 4.3. Recent Developments / Technical Landscape
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis

5. Global Indoor Farming Market Overview

  • 5.1. Market Estimates & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Production Technique
      • 5.2.1.1. Aeroponics
      • 5.2.1.2. Hybrid
      • 5.2.1.3. Hydroponics
      • 5.2.1.4. Soil-based
      • 5.2.1.5. Aquaponics
    • 5.2.2. By Facility Type
      • 5.2.2.1. Indoor Vertical Farms
      • 5.2.2.2. Greenhouse
      • 5.2.2.3. Indoor Deep Water Culture
      • 5.2.2.4. Container Farms
      • 5.2.2.5. Others
    • 5.2.3. By Component Type
      • 5.2.3.1. Hardware
      • 5.2.3.2. Software
    • 5.2.4. By Production Type
      • 5.2.4.1. Fruits and Vegetables
      • 5.2.4.2. Flowers & Ornamentals
      • 5.2.4.3. Herbs & Microgreens
      • 5.2.4.4. Others
    • 5.2.5. By Region
      • 5.2.5.1. North America
      • 5.2.5.2. Europe
      • 5.2.5.3. The Asia-Pacific
      • 5.2.5.4. Latin America
      • 5.2.5.5. The Middle-East & Africa

6. North America Indoor Farming Market Overview

  • 6.1. Market Size and Forecast
    • 6.1.1. By Value (USD Million), 2018-2028
  • 6.2. Market Share and Forecast
    • 6.2.1. By Production Technique
    • 6.2.2. By Facility Type
    • 6.2.3. By Component Type
    • 6.2.4. By Production Type
    • 6.2.5. By Country
      • 6.2.5.1. U.S.
      • 6.2.5.2. Canada

7. Europe Indoor Farming Market Overview

  • 7.1. Market Size and Forecast
    • 7.1.1. By Value (USD Million), 2018-2028
  • 7.2. Market Share and Forecast
    • 7.2.1. By Production Technique
    • 7.2.2. By Facility Type
    • 7.2.3. By Component Type
    • 7.2.4. By Production Type
    • 7.2.5. By Country
      • 7.2.5.1. Germany
      • 7.2.5.2. U.K.
      • 7.2.5.3. Russia
      • 7.2.5.4. France
      • 7.2.5.5. Italy
      • 7.2.5.6. Spain
      • 7.2.5.7. Rest of Europe

8. Asia-Pacific Indoor Farming Market Overview

  • 8.1. Market Size and Forecast
    • 8.1.1. By Value (USD Million), 2018-2028
  • 8.2. Market Share and Forecast
    • 8.2.1. By Production Technique
    • 8.2.2. By Facility Type
    • 8.2.3. By Component Type
    • 8.2.4. By Production Type
    • 8.2.5. By Country
      • 8.2.5.1. China
      • 8.2.5.2. India
      • 8.2.5.3. Japan
      • 8.2.5.4. South Korea
      • 8.2.5.5. Rest of APAC

9. Latin America Indoor Farming Market Overview

  • 9.1. Market Size and Forecast
    • 9.1.1. By Value (USD Million), 2018-2028
  • 9.2. Market Share and Forecast
    • 9.2.1. By Production Technique
    • 9.2.2. By Facility Type
    • 9.2.3. By Component Type
    • 9.2.4. By Production Type
    • 9.2.5. By Country
      • 9.2.5.1. Mexico
      • 9.2.5.2. Brazil
      • 9.2.5.3. Rest of Latin America

10. Middle East & Africa Indoor Farming Market Overview

  • 10.1. Market Size and Forecast
    • 10.1.1. By Value (USD Million), 2018-2028
  • 10.2. Market Share and Forecast
    • 10.2.1. By Production Technique
    • 10.2.2. By Facility Type
    • 10.2.3. By Component Type
    • 10.2.4. By Production Type
    • 10.2.5. By Country
      • 10.2.5.1. Saudi Arabia
      • 10.2.5.2. UAE
      • 10.2.5.3. South Africa
      • 10.2.5.4. Rest of Middle East & Africa

11. Competitive Landscape

  • 11.1. List of Key Producers and Their Offerings
  • 11.2. Market Share / Ranking Analysis (2021)
  • 11.3. Competitive Benchmarking, By Operating Parameters
  • 11.4. Key Developments & Growth Strategies

12. Impact of COVID-19 Across Industry

13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

  • 13.1. Argus Control Systems Ltd.
  • 13.2. AeroFarms
  • 13.3. Agrilution Systems GmbH
  • 13.4. AutoGrow Systems Ltd.
  • 13.5. Bowery Farming
  • 13.6. Bright Farms Inc.
  • 13.7. Metropolis Farms Inc.
  • 13.8. FreshBox Farms
  • 13.9. Garden Fresh Farms Inc.
  • 13.10. Green Sense Farms Holdings Inc.
  • 13.11. Logiqs B.V.
  • 13.12. Plenty Unlimited Inc.
  • 13.13. SananBio
  • 13.14. Sky Greens
  • 13.15. SPREAD Co. Ltd.
  • 13.16. Urban Crop Solutions
  • 13.17. Voeks Inc.
  • 13.18. Other prominent players

14. Key Strategic Recommendations

* Financial information of non-listed Companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

Product Code: BWC22174

List of Figures

  • Figure 1: Global Indoor Farming Market Segmentation
  • Figure 2: Global Indoor Farming Market Porters Analysis
  • Figure 3: Global Indoor Farming Market Industry Value Chain Analysis
  • Figure 4: Global Indoor Farming Market Size, By Value (USD Million), 2018-2028
  • Figure 5: Global Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Figure 6: Global Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Figure 7: Global Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Figure 8: Global Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Figure 9: Global Indoor Farming Market Share, By Region, By Value, 2018-2028
  • Figure 10: North America Indoor Farming Market Size, By Value (USD Million), 2018-2028
  • Figure 11: North America Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Figure 12: North America Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Figure 13: North America Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Figure 14: North America Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Figure 15: North America Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Figure 16: Europe Indoor Farming Market Size, By Value (USD Million), 2018-2028
  • Figure 17: Europe Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Figure 18: Europe Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Figure 19: Europe Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Figure 20: Europe Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Figure 21: Europe Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Figure 22: Asia-Pacific Indoor Farming Market Size, By Value (USD Million), 2018-2028
  • Figure 23: Asia-Pacific Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Figure 24: Asia-Pacific Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Figure 25: Asia-Pacific Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Figure 26: Asia-Pacific Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Figure 27: Asia-Pacific Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Figure 28: Latin America Indoor Farming Market Size, By Value (USD Million), 2018-2028
  • Figure 29: Latin America Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Figure 30: Latin America Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Figure 31: Latin America Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Figure 32: Latin America Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Figure 33: Latin America Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Figure 34: Middle East & Africa Indoor Farming Market Size, By Value (USD Million), 2018-2028
  • Figure 35: Middle East & Africa Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Figure 36: Middle East & Africa Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Figure 37: Middle East & Africa Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Figure 38: Middle East & Africa Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Figure 39: Middle East & Africa Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Figure 40: Global Indoor Farming Market Company Market Share Analysis, 2021

List of Tables

  • Table 1: Global Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Table 2: Global Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Table 3: Global Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Table 4: Global Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Table 5: Global Indoor Farming Market Share, By Region, By Value, 2018-2028
  • Table 6: North America Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Table 7: North America Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Table 8: North America Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Table 9: North America Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Table 10: North America Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Table 11: Europe Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Table 12: Europe Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Table 13: Europe Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Table 14: Europe Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Table 15: Europe Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Table 16: Asia-Pacific Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Table 17: Asia-Pacific Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Table 18: Asia-Pacific Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Table 19: Asia-Pacific Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Table 20: Asia-Pacific Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Table 21: Latin America Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Table 22: Latin America Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Table 23: Latin America Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Table 24: Latin America Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Table 25: Latin America Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Table 26: Middle East & Africa Indoor Farming Market Share, By Production Technique, By Value, 2018-2028
  • Table 27: Middle East & Africa Indoor Farming Market Share, By Facility Type, By Value, 2018-2028
  • Table 28: Middle East & Africa Indoor Farming Market Share, By Component Type, By Value, 2018-2028
  • Table 29: Middle East & Africa Indoor Farming Market Share, By Production Type, By Value, 2018-2028
  • Table 30: Middle East & Africa Indoor Farming Market Share, By Country, By Value, 2018-2028
  • Table 31: Argus Control Systems Ltd. Financial Analysis
  • Table 32: AeroFarms Financial Analysis
  • Table 33: Agrilution Systems GmbH Financial Analysis
  • Table 34: AutoGrow Systems Ltd. Financial Analysis
  • Table 35: Bowery Farming Financial Analysis
  • Table 36: Bright Farms Inc. Financial Analysis
  • Table 37: Metropolis Farms Inc. Financial Analysis
  • Table 38: FreshBox Farms Financial Analysis
  • Table 39: Garden Fresh Farms Inc. Financial Analysis
  • Table 40: Green Sense Farms Holdings Inc. Financial Analysis
  • Table 41: Logiqs B.V. Financial Analysis
  • Table 42: Plenty Unlimited Inc. Financial Analysis
  • Table 43: SananBio Financial Analysis
  • Table 44: Sky Greens Financial Analysis
  • Table 45: SPREAD Co. Ltd. Financial Analysis
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