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Indoor Farming Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Indoor Farming Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Indoor Farming Market: By Facility Type (Container Farms, Indoor Deep Water Culture, Others), By Crop Type (Fruits, Vegetables and Herbs, Flowers and Ornamentals, Others), By Component (Hardware, Software), By Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-based, Hybrid) and Geography

 

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Report

Description

Indoor Farming Market size was valued at USD 41.5 billion in 2021. It is expected to reach a value of USD 78.3 billion by 2028, growing at a CAGR of 9.5% during the forecast period from 2022 to 2028. The global market provides a detailed overview, which has been segmented by facility type, crop type, component, and growing system. By facility type, the Indoor Farming market has been segmented into Container Farms, Indoor Deep Water Culture, Others. The Container Farms segment is likely the most significant and fastest-growing segment in terms of facility type. By crop type, the Indoor Farming market has been segmented into Fruits, Vegetables and Herbs, Flowers and Ornamentals, Others. The Vegetables and Herbs segment gains the maximum revenue share of the market. By component, the Indoor Farming market has been segmented into Hardware, Software. The Hardware segment holds a significant revenue share in the market. Based on the growing system, the Indoor Farming is segmented into Aeroponics, Hydroponics, Aquaponics, Soil-based, Hybrid. According to precision business insights, the Hydroponics segment is predicted to register the fastest growth rate during the forecast period.

Key Development:

In April 2021, Aerofarms entered a partnership with Hortifrut SA, a certified B corporation in Chile. The partnership will focus on the research and development of blueberry and cranberry production in fully-controlled vertical farms and indoor environments.

Indoor Farming Market

MARKET SUMMARY
-
9.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 9.5%
  • Largest Market– North America
  • Fastest Growing Market–  Asia Pacific

Indoor Farming Market

  • This report gives a comprehensive outlook on indoor farming market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The indoor farming market report gives historical, current, and future market sizes (US$ Mn) on the basis of by facility type, crop type, component, growing system and geography.
Key Players
  • AeroFarms
  • Bright Farms Inc.
  • Bowery Inc.
  • FreshBox Farms
  • Metropolis Farms Inc.
Indoor Farming Market Dynamics

The industry is anticipated to develop as customer awareness of the benefits of eating fresh, high-quality food increases. In the future, it is expected that the market for indoor farming will expand due to the increasing demand for food caused by the growing population around the world, particularly in developing nations like China and India.

Asia Pacific Got Significant Share

Indoor Farming Market

The Asia Pacific market is expected to witness the largest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Indoor Farming Market Segmentation

segmentation-block-image

By Facility Type

    • Container Farms,
    • Indoor Deep Water Culture,
    • Others
segmentation-block-image

Crop Type

    • Fruits,
    • Vegetables and Herbs,
    • Flowers and Ornamentals,
    • Others
segmentation-block-image

By Growing System

    • Aeroponics,
    • Hydroponics,
    • Aquaponics,
    • Soil-based,
    • Hybrid
Location

GEOGRAPHY

Frequently Asked Questions

The chromatography tubing market is projected to expand at a CAGR of 9.5% during the forecast period.

The major players in the global indoor farming market are Signify Holding (Netherlands), Everlight Electronics (China), Argus Control Systems (Canada), LumiGrow (US), Netafim (Israel), Logiqs (Netherlands), Illumitex (US), Hydrodynamics International (US), American Hydroponics (US), Richel Group (France), and Vertical Farm Systems (Australia)

Asia-Pacific is the fastest-growing region for indoor farming market

Report

Table Of Content

1. Executive Summary
2. Global Indoor Farming Market Introduction
2.1. Global Indoor Farming Market – Taxonomy
2.2. Global Indoor Farming Market –Definitions
2.2.1. Facility Type
2.2.2. Crop Type
2.2.3. Component
2.2.4. Growing System
3. Global Indoor Farming Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Indoor Farming Market Dynamic Factors – Impact Analysis
3.6. Global Indoor Farming Market – Competition Landscape
4. Global Indoor Farming Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Indoor Farming Market, By Facility Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Container Farms
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Indoor Deep Water Culture
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Others
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Indoor Farming Market Forecast, By Crop Type, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn) 
6.1. Fruits, Vegetables and Herbs
6.1.1. Lettuce
6.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.1.3. Market Opportunity Analysis
6.1.2. Spinach
6.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.2.3. Market Opportunity Analysis
6.1.3. Kale
6.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3.3. Market Opportunity Analysis
6.1.4. Tomato
6.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.4.3. Market Opportunity Analysis
6.1.5. Herbs
6.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.5.3. Market Opportunity Analysis
6.1.6. Bell and Chilli Peppers
6.1.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.6.3. Market Opportunity Analysis
6.1.7. Strawberry
6.1.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.7.3. Market Opportunity Analysis
6.1.8. Cucumber
6.1.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.8.3. Market Opportunity Analysis
6.1.9. Others
6.1.9.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.9.3. Market Opportunity Analysis
6.2. Flowers and Ornamentals
6.2.1. Annuals
6.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.1.3. Market Opportunity Analysis
6.2.2. Perennials
6.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.2.3. Market Opportunity Analysis
6.2.3. Ornamentals
6.2.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3.3. Market Opportunity Analysis
6.2.4. Others
6.2.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.4.3. Market Opportunity Analysis
6.3. Others
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Indoor Farming Market Forecast, By Component, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn) 
7.1. Hardware
7.1.1. Structure
7.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.3. Market Opportunity Analysis
7.1.2. LED Lights
7.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.3. Market Opportunity Analysis
7.1.3. HVAC
7.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3.3. Market Opportunity Analysis
7.1.4. Climate Control System
7.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.4.3. Market Opportunity Analysis
7.1.5. Irrigation Systems
7.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.5.3. Market Opportunity Analysis
7.1.6. Others
7.1.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.6.3. Market Opportunity Analysis
7.2. Software
7.2.1. Web-based
7.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. Cloud-based
7.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
8. Global Indoor Farming Market Forecast, By Growing System, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn)
8.1. Aeroponics
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Hydroponics
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Aquaponics
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Soil-based
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Hybrid
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
9. Global Indoor Farming Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Indoor Farming Market – Opportunity Analysis Index, By Facility Type, Crop Type, Component, Growing System and Region, 2022 – 2028
10. North America Indoor Farming Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Container Farms
10.1.2. Indoor Deep Water Culture
10.1.3. Others
10.2. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Fruits, Vegetables and Herbs
10.2.1.1. Lettuce
10.2.1.2. Spinach
10.2.1.3. Kale
10.2.1.4. Tomato
10.2.1.5. Herbs
10.2.1.6. Bell and Chilli Peppers
10.2.1.7. Strawberry
10.2.1.8. Cucumber
10.2.1.9. Others
10.2.2. Flowers and Ornamentals
10.2.2.1. Annuals
10.2.2.2. Perennials
10.2.2.3. Ornamentals
10.2.2.4. Others
10.2.3. Others
10.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hardware
10.3.1.1. Structure
10.3.1.2. LED Lights
10.3.1.3. HVAC
10.3.1.4. Climate Control System
10.3.1.5. Irrigation Systems
10.3.1.6. Others
10.3.2. Software
10.3.2.1. Web-based
10.3.2.2. Cloud-based
10.4. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Aeroponics
10.4.2. Hydroponics
10.4.3. Aquaponics
10.4.4. Soil-based
10.4.5. Hybrid
10.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Indoor Farming Market – Opportunity Analysis Index, By Facility Type, Crop Type, Component, Growing System and Country, 2022 – 2028
10.7. North America Indoor Farming Market Dynamics – Trends
11. Europe Indoor Farming Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Container Farms
11.1.2. Indoor Deep Water Culture
11.1.3. Others
11.2. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Fruits, Vegetables and Herbs
11.2.1.1. Lettuce
11.2.1.2. Spinach
11.2.1.3. Kale
11.2.1.4. Tomato
11.2.1.5. Herbs
11.2.1.6. Bell and Chilli Peppers
11.2.1.7. Strawberry
11.2.1.8. Cucumber
11.2.1.9. Others
11.2.2. Flowers and Ornamentals
11.2.2.1. Annuals
11.2.2.2. Perennials
11.2.2.3. Ornamentals
11.2.2.4. Others
11.2.3. Others
11.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hardware
11.3.1.1. Structure
11.3.1.2. LED Lights
11.3.1.3. HVAC
11.3.1.4. Climate Control System
11.3.1.5. Irrigation Systems
11.3.1.6. Others
11.3.2. Software
11.3.2.1. Web-based
11.3.2.2. Cloud-based
11.4. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Aeroponics
11.4.2. Hydroponics
11.4.3. Aquaponics
11.4.4. Soil-based
11.4.5. Hybrid
11.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Europe Indoor Farming Market – Opportunity Analysis Index, By Facility Type, Crop Type, Component, Growing System and Country, 2022 – 2028
11.7. Europe Indoor Farming Market Dynamics – Trends
12. Asia-Pacific Indoor Farming Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Container Farms
12.1.2. Indoor Deep Water Culture
12.1.3. Others
12.2. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Fruits, Vegetables and Herbs
12.2.1.1. Lettuce
12.2.1.2. Spinach
12.2.1.3. Kale
12.2.1.4. Tomato
12.2.1.5. Herbs
12.2.1.6. Bell and Chilli Peppers
12.2.1.7. Strawberry
12.2.1.8. Cucumber
12.2.1.9. Others
12.2.2. Flowers and Ornamentals
12.2.2.1. Annuals
12.2.2.2. Perennials
12.2.2.3. Ornamentals
12.2.2.4. Others
12.2.3. Others
12.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hardware
12.3.1.1. Structure
12.3.1.2. LED Lights
12.3.1.3. HVAC
12.3.1.4. Climate Control System
12.3.1.5. Irrigation Systems
12.3.1.6. Others
12.3.2. Software
12.3.2.1. Web-based
12.3.2.2. Cloud-based
12.4. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Aeroponics
12.4.2. Hydroponics
12.4.3. Aquaponics
12.4.4. Soil-based
12.4.5. Hybrid
12.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Indoor Farming Market – Opportunity Analysis Index, By Facility Type, Crop Type, Component, Growing System and Country, 2022 – 2028
12.7. Asia-Pacific Indoor Farming Market Dynamics – Trends
13. Latin America Indoor Farming Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Container Farms
13.1.2. Indoor Deep Water Culture
13.1.3. Others
13.2. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Fruits, Vegetables and Herbs
13.2.1.1. Lettuce
13.2.1.2. Spinach
13.2.1.3. Kale
13.2.1.4. Tomato
13.2.1.5. Herbs
13.2.1.6. Bell and Chilli Peppers
13.2.1.7. Strawberry
13.2.1.8. Cucumber
13.2.1.9. Others
13.2.2. Flowers and Ornamentals
13.2.2.1. Annuals
13.2.2.2. Perennials
13.2.2.3. Ornamentals
13.2.2.4. Others
13.2.3. Others
13.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hardware
13.3.1.1. Structure
13.3.1.2. LED Lights
13.3.1.3. HVAC
13.3.1.4. Climate Control System
13.3.1.5. Irrigation Systems
13.3.1.6. Others
13.3.2. Software
13.3.2.1. Web-based
13.3.2.2. Cloud-based
13.4. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Aeroponics
13.4.2. Hydroponics
13.4.3. Aquaponics
13.4.4. Soil-based
13.4.5. Hybrid
13.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Indoor Farming Market – Opportunity Analysis Index, By Facility Type, Crop Type, Component, Growing System and Country, 2022 – 2028
13.7. Latin America Indoor Farming Market Dynamics – Trends
14. Middle East and Africa Indoor Farming Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
14.1. Facility Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Container Farms
14.1.2. Indoor Deep Water Culture
14.1.3. Others
14.2. Crop Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Fruits, Vegetables and Herbs
14.2.1.1. Lettuce
14.2.1.2. Spinach
14.2.1.3. Kale
14.2.1.4. Tomato
14.2.1.5. Herbs
14.2.1.6. Bell and Chilli Peppers
14.2.1.7. Strawberry
14.2.1.8. Cucumber
14.2.1.9. Others
14.2.2. Flowers and Ornamentals
14.2.2.1. Annuals
14.2.2.2. Perennials
14.2.2.3. Ornamentals
14.2.2.4. Others
14.2.3. Others
14.3. Component Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Hardware
14.3.1.1. Structure
14.3.1.2. LED Lights
14.3.1.3. HVAC
14.3.1.4. Climate Control System
14.3.1.5. Irrigation Systems
14.3.1.6. Others
14.3.2. Software
14.3.2.1. Web-based
14.3.2.2. Cloud-based
14.4. Growing System Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Aeroponics
14.4.2. Hydroponics
14.4.3. Aquaponics
14.4.4. Soil-based
14.4.5. Hybrid
14.5. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Indoor Farming Market – Opportunity Analysis Index, By Facility Type, Crop Type, Component, Growing System and Country, 2022 – 2028
14.7. MEA Indoor Farming Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Facility Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. AeroFarms
15.2.2. Bright Farms Inc.
15.2.3. Bowery Inc.
15.2.4. FreshBox Farms
15.2.5. Metropolis Farms Inc.
15.2.6. Garden Fresh Farms
15.2.7. Village Farms International Inc.
15.2.8. Green Sense Farms LLC
15.2.9. Sky Greens (Sky Urban Solutions)
15.2.10. Hortilux
16. Research Methodology
17. Key Assumptions and Acronyms
Report

Company Profile

  • AeroFarms
  • Bright Farms Inc.
  • Bowery Inc.
  • FreshBox Farms
  • Metropolis Farms Inc.
  • Garden Fresh Farms
  • Village Farms International Inc.
  • Green Sense Farms LLC
  • Sky Greens (Sky Urban Solutions)

Description

Indoor Farming Market size was valued at USD 41.5 billion in 2021. It is expected to reach a value of USD 78.3 billion by 2028, growing at a CAGR of 9.5% during the forecast period from 2022 to 2028. The global market provides a detailed overview, which has been segmented by facility type, crop type, component, and growing system. By facility type, the Indoor Farming market has been segmented into Container Farms, Indoor Deep Water Culture, Others. The Container Farms segment is likely the most significant and fastest-growing segment in terms of facility type. By crop type, the Indoor Farming market has been segmented into Fruits, Vegetables and Herbs, Flowers and Ornamentals, Others. The Vegetables and Herbs segment gains the maximum revenue share of the market. By component, the Indoor Farming market has been segmented into Hardware, Software. The Hardware segment holds a significant revenue share in the market. Based on the growing system, the Indoor Farming is segmented into Aeroponics, Hydroponics, Aquaponics, Soil-based, Hybrid. According to precision business insights, the Hydroponics segment is predicted to register the fastest growth rate during the forecast period.

Key Development:

In April 2021, Aerofarms entered a partnership with Hortifrut SA, a certified B corporation in Chile. The partnership will focus on the research and development of blueberry and cranberry production in fully-controlled vertical farms and indoor environments.

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