List of Figures
Figure 1: Global Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 2: Global Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 3: Global Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 4: Global Indoor Farming Market Share By Component (2016, 2021 & 2027F)
Figure 5: Global Indoor Farming Market Share By Hardware Component Type (2016, 2021 & 2027F)
Figure 6: Global Indoor Farming Market Share By Crop Type (2016, 2021 & 2027F)
Figure 7: North America Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 8: North America Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 9: North America Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 10: North America Indoor Farming Market Share By Component (2016, 2021 & 2027F)
Figure 11: North America Indoor Farming Market Share By Hardware Component Type (2016, 2021 & 2027F)
Figure 12: North America Indoor Farming Market Share By Crop Type (2016, 2021 & 2027F)
Figure 13: US Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 14: US Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 15: US Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 16: Canada Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 17: Canada Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 18: Canada Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 19: Mexico Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 20: Mexico Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 21: Mexico Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 22: Europe Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 23: Europe Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 24: Europe Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 25: Europe Indoor Farming Market Share By Component (2016, 2021 & 2027F)
Figure 26: Europe Indoor Farming Market Share By Hardware Component Type (2016, 2021 & 2027F)
Figure 27: Europe Indoor Farming Market Share By Crop Type (2016, 2021 & 2027F)
Figure 28: Germany Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 29: Germany Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 30: Germany Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 31: UK Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 32: UK Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 33: UK Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 34: France Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 35: France Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 36: France Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 37: Italy Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 38: Italy Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 39: Italy Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 40: Spain Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 41: Spain Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 42: Spain Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 43: Netherlands Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 44: Netherlands Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 45: Netherlands Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 46: Asia-Pacific Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 47: Asia-Pacific Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 48: Asia-Pacific Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 49: Asia-Pacific Indoor Farming Market Share By Component (2016, 2021 & 2027F)
Figure 50: Asia-Pacific Indoor Farming Market Share By Hardware Component Type (2016, 2021 & 2027F)
Figure 51: Asia-Pacific Indoor Farming Market Share By Crop Type (2016, 2021 & 2027F)
Figure 52: China Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 53: China Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 54: China Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 55: Japan Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 56: Japan Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 57: Japan Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 58: Taiwan Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 59: Taiwan Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 60: Taiwan Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 61: Singapore Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 62: Singapore Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 63: Singapore Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 64: South Korea Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 65: South Korea Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 66: South Korea Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 67: South America Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 68: South America Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 69: South America Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 70: South America Indoor Farming Market Share By Component (2016, 2021 & 2027F)
Figure 71: South America Indoor Farming Market Share By Hardware Component Type (2016, 2021 & 2027F)
Figure 72: South America Indoor Farming Market Share By Crop Type (2016, 2021 & 2027F)
Figure 73: Brazil Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 74: Brazil Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 75: Brazil Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 76: Argentina Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 77: Argentina Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 78: Argentina Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 79: Colombia Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 80: Colombia Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 81: Colombia Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 82: Middle East & Africa Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 83: Middle East & Africa Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 84: Middle East & Africa Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 85: Middle East & Africa Indoor Farming Market Share By Component (2016, 2021 & 2027F)
Figure 86: Middle East & Africa Indoor Farming Market Share By Hardware Component Type (2016, 2021 & 2027F)
Figure 87: Middle East & Africa Indoor Farming Market Share By Crop Type (2016, 2021 & 2027F)
Figure 88: UAE Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 89: UAE Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 90: UAE Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 91: Saudi Arabia Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 92: Saudi Arabia Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 93: Saudi Arebia Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 94: South Africa Indoor Farming Market Size By Value 2016 to 2027F (In USD million)
Figure 95: South Africa Indoor Farming Market Share By Growth Mechanism (2016, 2021 & 2027F)
Figure 96: South Africa Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 97: Market Attractiveness Index, 2021
Figure 98: Market Attractiveness Index, 2027F
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Indoor Farming Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Indoor Farming Market Share By Country (2016, 2021 & 2027F)
Table 6: Global Indoor Farming Market Share By Company By Value (2020)
Table 7: Global Indoor Farming Market Share By Crop Product By Value (2016 - 2021 & 2022 - 2027F)
Table 8: North America Indoor Farming Market Share By Country (2016, 2021 & 2027F)
Table 9: Europe Indoor Farming Market Share By Country (2016, 2021 & 2027F)
Table 10: Asia-Pacific Indoor Farming Market Share By Country (2016, 2021 & 2027F)
Table 11: South America Indoor Farming Market Share By Country (2016, 2021 & 2027F)
Table 12: Middle East & Africa Indoor Farming Market Share By Country (2016, 2021 & 2027F)
Table 13: Key Facts of Netafim Limited
Table 14: Key Facts of Logiqs B.V.
Table 15: Key Facts of General Hydroponics Inc.
Table 16: Key Facts of Richel Group S.A.
Table 17: Key Facts of Vertical Farms System Limited
Table 18: Key Facts of Everlight Electronics Co., Limited
Table 20: Key Facts of CEL Group of Companies (Conviron)
Table 21: Key Facts of AeroFarms
Table 22: Key Facts of Agrilution
Table 23: Key Facts of American Hydroponics
Table 24: Key Facts of Sky Greens
Table 25: Key Facts of Freight Farms
Table 26: Key Facts of GP Solutions, Inc.
Table 27: Key Facts of Farm.One, Inc.
Table 28: Key Facts of Pentair Aquatic Eco-systems Inc.
Table 30: Key Facts of Nelson and Pade Inc.
Table 31: Key Facts of ECF Farmsystems GmbH
Table 32: Key Facts of Signify Holding
Table 33: Key Facts of Heliospectra AB
Table 34: Key Facts of Lumigrow, Inc.
Table 35: Key Facts of OSRAM GmbH
Table 36: Key Facts of Crop One Holdings
Table 37: Key Facts of Plenty Unlimited Inc
Table 38: Key Facts of Urban Crop Solutions
Table 39: Key Facts of Brightfarms, Inc.
Table 40: Key Facts of Aponic Limited
Table 41: Key Facts of Agrourbana
Table 42: Key Facts of ZipGrow Inc.
Featured Companies
1. Netafim Limited
2. Heliospectra AB
3. AeroFarms
4. Agrilution
5. American Hydroponics
6. Sky Greens
7. Freight Farms
8. GP Solutions, Inc.
9. Farm.One, Inc.
10. Nelson and Pade, Inc.
11. ECF Farmsystems GmbH
12. Signify Holding
13. Lumigrow, Inc.
14. OSRAM GmbH.
15. Crop One Holdings
16. Plenty Unlimited Inc
17. Urban Crop Solutions
18. Brightfarms, Inc.
19. Aponic Limited
20. Everlight Electronics co. Ltd
21. ZipGrow Inc.
22. Agrourbana
23. Pentair Aquatic Eco-systems Inc.
24. Logiqs B.V.
25. General Hydroponics Inc.
26. Richel Group S.A.
27. Vertical Farms System Limited
28. CEL Group of Companies (Conviron)
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Featured Companies
1. Netafim Limited
2. Heliospectra AB
3. AeroFarms
4. Agrilution
5. American Hydroponics
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Each year, more arable land is lost to desertification and erosion from human industrial activities across the globe. In the last 40 years, 33% of the world’s arable land has been lost to erosion or population. In addition to that, 4 Billion people (two thirds of the world’s population) experience major water shortages for at least one month each year. Based on the current situation, it is expected that by 2025, half of the world’s population will be facing water scarcity. Further, by 2050, the world’s population is projected to grow to 9.7 Billion people. Feeding them is going to be a major concern for many industries. However, indoor farming can be a viable option to overcome these threats. The method of growing plants and crops on a large scale entirely indoors and with the help of various growth mechanisms and artificial lights is known as indoor farming. In comparison to traditional farming, 70 to 95% of the water used in indoor farming is recycled. Also, there is no issue of pests or any other diseases because in this method, 90% less or no soil is used. Most commonly, fruits, vegetables, and herbs are grown in indoor farms. However, other varieties of plants can also be grown by the same method. Indoor farming is popular in those regions where it is difficult to find agricultural land. 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. According to the report, the global indoor farming market is segregated into various facility types, including vertical farms, indoor greenhouses, deep water culture (DWC), and others. Among these types, the indoor greenhouse segment is projected to acquire the highest market share during the forecast period. The onset of urban population dwellings across cities such as New York, Chicago, etc. has propelled the environment for indoor greenhouse farming activities. Also, the demand for greenhouse crops is escalating as time passes. These factors are propelling higher market growth for the segment. Based on the component types, hardware components are leading the market in 2021. However, the technological revolution across the globe drives the market for the software and services segment. In the crop product segment, leafy greens and tomatoes account for more than 40% of the market share. On the other hand, the bell and chili pepper segment is projected to be the fastest growing segment in the global indoor farming market. Covid-19 impact: The COVID-19 outbreak led to the closure or partial lockdown of many industries, warehouses, and businesses across the globe. Imposed strict lockdown measures, lower public movements, and social distancing norms have impacted the overall market growth. Also, a large number of industries have witnessed disruptions in supply chain operations and logistics. Due to these factors, the market has witnessed a major drop. However, the pandemic has compelled governments to shift their focus towards the health sector. Changes in consumer preference towards the agriculture industry have propelled the higher demand for indoor farming by the first quarter of 2021. Also, growing awareness towards organic food consumption has fuelled the faster market growth in the global indoor farming market. 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) Considered in this report • Geography: Global • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this 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) Based on type of growth mechanism in the report: • Hydroponics • Aeroponics • Aquaponics • Soil-based • Hybrid Based on facility type of indoor farming in the report: • Vertical Farms • Indoor Greenhouses • Others Based on component type of indoor farming in the report: • Hardware (Lighting, Climate control, Sensors & Others) • Software & Services Based on Crop type in the report: • Fruits, vegetable & herbs • Flowers & ornamentals • Others Based on crop product type in the report: • Leafy greens (including lettuce) • Tomatoes • Cucumber • Strawberry • Bell & Chilli pepper • Herbs & Micro-greens • Ornamentals • Annuals • Perennials • Others 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 pharmaceutical industry, food &beverage industry, cosmetic industry, nutrition 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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