Chennai Journal

Indoor Farming Market Outlook, Growth Opportunities, Emerging Trends, Regional Analysis, Industry Dynamics by Top Players 2023-2028

 Breaking News
  • No posts were found

Indoor Farming Market Outlook, Growth Opportunities, Emerging Trends, Regional Analysis, Industry Dynamics by Top Players 2023-2028

April 20
17:11 2023
Indoor Farming Market Outlook, Growth Opportunities, Emerging Trends, Regional Analysis, Industry Dynamics by Top Players 2023-2028
Indoor Farming Market Report 2023
Rapid urbanization, rising world population and escalating demand for secure and consistent food supplies are among the key factors creating a favorable impact on the indoor farming market.

The latest report published by IMARC Group, titled, “Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,”  offers a comprehensive analysis of the industry, which comprises insights on the Indoor Farming Market Report. The report also includes competitor and regional analysis, and contemporary advancements in the market. 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 refers to farming done inside a building. It doesn’t require large machinery like tractors and utilizes less water than growing outside. It depends upon other technology types, like cameras and software to grow food inside a building. It allows the farmers to optimize the growing process for better yields. With a growing population and insufficient farmland, indoor farming is used to meet the increasing demand for food worldwide.

Request for a free sample copy of this report:

Industry Growth:

The global market is majorly driven by the rising need for improving crop yields. In line with this, the increasing popularity of indoor farming due to its numerous benefits is significantly contributing to the market. Furthermore, the expansion of the indoor farming technology market is offering lucrative opportunities for market growth. Apart from this, the growing consumer awareness regarding the advantages of consuming fresh and high-quality food is creating a positive outlook for the market. Moreover, the escalating population across the globe, especially in emerging economies, is leading to an increase in food demand, which, in turn, is catalyzing the market. Besides, the changing climatic conditions are causing several environmental problems, such as soil degradation and groundwater depletion, which in turn are affecting the food and agriculture production systems. Governments worldwide are promoting building indoor farms and taking other initiatives to overcome this problem, which, in turn, is anticipated to propel the market. Additionally, the improved efficiency offered by indoor farming over traditional farming methods is augmenting the market.

Competitive Landscape with Key Players:

  • 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
  • Voeks Inc.

Also, Read the Full Blog:  
Largest Indoor (Vertical) Farming Companies in Worldwide

Key Market Segmentation:

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:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance 
  • Market Outlook 
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Browse More Research Reports:

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States