Global Indoor Farming Market size, share, analysis, trends, growth, and forecast to 2027
The Industry insights of the report “Global Indoor Farming Market Research Report, 2027”
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According to the report titled “Global Indoor Farming Market Research Report, 2027”, published by Actual Market Research, the global indoor farming market size was calculated to be more than USD 15000 Million in 2021 and is expected to expand at a CAGR of 14.61% from 2022 to 2027. Increasing consumer awareness regarding the benefits of consuming fresh and high-quality food is anticipated to boost the market growth in the forecast period. In addition to that, governments are encouraging the building of indoor farms across the globe with other initiatives. Indoor farms help grow the total crop yield per unit area by using stacked layer formation, which accelerates the market growth. The global indoor farming market is segmented into five major regions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Among these regions, Europe is anticipated to lead the market with more than 30% of the market share. Owing to higher adoption of advanced technologies and increasing awareness of organic food consumption across the region, Europe is expected to dominate the market. The Asia-Pacific region, on the other hand, is expected to be the fastest-growing region for the indoor farming market. Increasing population across this region has increased the demand for indoor farming.
Furthermore, based on the countries, the USA dominated the global indoor farming market in 2021. Indoor farming has become highly popular among farmers in the USA as it helps them to produce more crops and vegetables with a low requirement of resources. Also, indoor farming reduces negative environmental impacts. Similarly, with changing lifestyles, consumers prefer to grow the various essential crops on a smaller scale. These factors are supporting the growth of the indoor farming market. Based on the growth mechanism, the global indoor farming market is segmented into five growth mechanisms, including hydroponics, aeroponics, aquaponics, soil-based, and hybrid. Among these types, soil-based indoor farming dominated the overall market in base year 2021. However, consumers are increasingly using the hydroponics method of growing plants as it allows faster growth and higher yields. Based on the obtained data, it is expected that by 2027, more than USD 8000 Million in market size is going to be added to hydroponics revenue generation.
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., 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, CEL Group of Companies (Conviron)
ASPECTS COVERED IN THE 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)
Owning our reports will help you solve the following issues:
1. What is the market size and forecast of Global Indoor Farming Market?
Our research and insights help our clients to foresee upcoming market size and forecast.
2. What are the inhibiting factors and impact of COVID-19 shaping Global Indoor Farming Market?
Our research and analysis help our clients to see how COVID-19 has impacted the industry. This allows our clients to invest or divest their resources.
3. Which region outstands in the Global Indoor Farming Market?
Our research helps our clients to see which the dominating region in the market is, with supporting trends and developments.
4. Which are the segments to invest in over the forecast period in the Global Indoor Farming Market?
Our research report allows the company/ investor to identify the most promising product segment, which is to have more potential in the coming years.
5. What is the competitive strategic window for opportunities in Global Indoor Farming Market?
Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
6. What are the technology trends and regulatory frameworks in Global Indoor Farming Market?
Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers needs to abide by.
7. What are the major companies in the Global Indoor Farming Market?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.
Table of Contents Covered In This Global Indoor Farming Market:
Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Indoor Farming Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Growth Mechanism
5.2.5. By Facility Type
5.2.6. By Component
5.2.7. By Hardware Component Type
5.2.8. By Crop Type
5.2.9. By Crop Product
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