China Indoor Farming Market Research Report, 2027

China Indoor Farming Market Research Report, 2027

Actual Market Research 27-07-2022 54 Pages Figures : 8 Tables : 15 Region : Asia-Pacific Country : China Category : Food & Beverages Agriculture

Indoor farming is the practice of totally indoor crop or plant cultivation, often on a large scale, is known as indoor farming. This type of farming frequently uses growing techniques like hydroponics and artificial lighting in order to provide plants with the nutrients and quantities of light they need for development. Indoor gardening is possible with a wide range of plants, although the most common are fruits, vegetables, and herbs. Indoor farming, also known as indoor gardening, can be done on a small or large scale, in the home or in the workplace. However, indoor farming is particularly popular in big cities where it is difficult to find plots of land of any size for farming and growing. Indoor farming is being used extensively to support local food supplies and supply communities in big cities with fresh produce. These farms can grow significantly more crops in a smaller space than outdoor, soil-based farms can since many of them are vertical farms. Not all indoor farms, meanwhile, are constructed on such a large scale. One gardener may utilize certain indoor farms to grow fresh food for their house in a space as tiny as a basement. The world's largest indoor farming market is dominated by China. China uses soil-based, hybrid, aeroponic, aquaponic, and hydroponic indoor farming techniques significantly and also uses vertical farming (VF), greenhouse farming, and other indoor farming technologies really well. According to the Actual Market Research’s (AMR) report titled “China’s Indoor Farming Market Overview, 2027” the indoor farming market of china is expected to grow with the around CAGR of 17% from the year 2022 to 2027. To feed its expanding urban population, China is devoting a lot of effort to building indoor agricultural systems. It wants to lead the world in using these systems on an industrial basis. China is developing huge technological advancements for the future of food security. The soil's degradation is the one biggest drawback of China's agriculture. To overcome this drawback, China is rapidly developing vertical farms. The number of farmers around China is steadily declining as the population ages and more young people opt to live in cities. For these reasons, China has developed unmanned horticulture, where crops are grown by intelligent machines. This could eventually replace human labor as the primary method of addressing the shortage of horticultural laborers. Vertical indoor farming has a large market share in China, and it is growing rapidly at a CAGR of around 25% year on year. The hydroponics vertical farming method is the most widely used indoor farming method in China's indoor farming market and has the highest market share in China's indoor farming. The hydroponics vertical indoor farming machine will be capable of producing fruits, vegetables, and herbs, which ultimately helps increase the revenue from indoor farming. The estimated market size of hydroponics vertical indoor farming is nearly 900 million USD by the year 2027. Some of the greatest crops for beginning vertical farmers are chives and mint. Despite being classified as herbs, mint and chives both turn green quickly and grow thickly like grass. Harvesting is simple. Some of the greatest crops for beginning vertical growers are these herbs. The majority of crops cultivated in indoor vertical farms are herbs, strawberries, lettuce, kale, spinach, and other greens. Crops are grown indoors in vertically stacked structures like skyscrapers, old warehouses, or shipping containers. China is producing more fruits and vegetables using indoor farming and has a large market size in terms of production. Covid-19 impact: In the wake of the COVID-19 outbreak, many people have come to approach outside food with suspicion. The inhabitants in the regions around China have demonstrated a preference for home cooking and self-made or home-made meals as health and food safety have taken centre stage. The hotel and food industries are now in danger as a result of this. Following the deadly corona virus epidemic, urban indoor farming methods are predicted to become more popular all throughout China. During the pandemic's early stages of spread, the agriculture sector encountered difficulties. There were severe labour shortages on farms; some farmers lost their window of opportunity to harvest seasonal crops; agricultural product prices were plummeting; and logistics were disrupted. The food and beverage businesses in China have also been impacted by the corona virus, which has spread to all sectors of the economy. As China's premier B2B event for the health and food products sectors Price increases in China's agricultural foods have been brought on by COVID-19. The empirical findings indicate that the COVID-19 pandemic has decreased sales of agri-food items and that major agricultural enterprises have seen greater declines in agri-food product sales than have small and medium-sized ones. Considered in this report • Geography: China • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • China indoor Farming Market with its value and forecast along with its segments • Application wise indoor farming distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Based on Growth Mechanism: • Hydroponics • Aeroponics • Aquaponics • Soil-based • Hybrid Based on Facilities type • Vertical indoor farming • Greenhouse indoor farming • Other indoor farming Based on Crop types: • Fruits and vegetable • Flower and ornamentals • Other crop The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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