Mexico Indoor Farming Market Research Report, 2027

Mexico Indoor Farming Market Research Report, 2027

Actual Market Research 27-07-2022 54 Pages Figures : 8 Tables : 15 Region : North America Country : Mexico Category : Food & Beverages Agriculture

The tropics of the Gulf of Mexico and the Chiapas Highlands, the irrigated plains of the north and northwest, and the Bajo region in central Mexico account for the majority of the country's commercial agricultural output. Beef, fruits, vegetables, grain, milk, poultry, pig, and eggs make up the majority of agricultural production in Mexico at the beginning of the twenty-first century. Mexico established its first indoor agricultural operation in 2016. In order for any size producer to take part in the creation of their own urban, peri-urban, or rural farms, which are effective in Mexico and other developing nations, the technology must be both financially and technologically accessible. Indoor farms are entirely enclosed, opaque spaces lit artificially and equipped with hydroponic, aeroponic, aquaponic, soil-based, and hybrid vertical growth systems. Indoor farms may be positioned anywhere where there is a roof since they are modular. Innovative and daring technologies, such as indoor farming, are needed to satisfy the growing need for food security. The market for indoor farming in Mexico is anticipated to gradually expand over the next several years as awareness of this issue grows along with the nation's expanding population. According to the Actual Market Research’s (AMR) report titled “Mexico Indoor Farming Market Overview, 2027” the indoor farming market of Mexico is expected to grow with the around CAGR of 12% from the year 2022 to 2027. The many food, nutrition, and public health concerns are addressed individually in Mexico by several organizations with drastically varied levels of political clout and operational capability. Confusion is brought about by fragmentation, which is also probably to blame for Mexico's poor administration of food security. However, the administration is putting changes into effect. Hydroponics indoor farming technology is the most widely used technology in the Mexican indoor farming market and has the highest market share. Hydroponics indoor farming technologies market is expanding at a rate of nearly 16% per year. Because plants in a hydroponic system are more closely spaced than they would need to be on a piece of land to cultivate the same number of plants, hydroponic plants generate more fruits and vegetables. Vertical farming, green house farming, and other farming methods used for indoor farming are examples of indoor farming. Vertical farming has been popular in recent years because it allows people to grow food in metropolitan areas and other places where the population is growing quickly. By 2050, it is predicted that Mexico's population will reach 150 million people. Hence, it will be crucial to improve food production in the next decades. Indoor farming helps to solve some of the issues that agricultural farming brings while also bringing producers closer to their consumers. Vertical indoor farming has the highest market share in the Mexican market, with nearly 50% of the whole market size. Growing tomatoes, peppers, and other crops in greenhouses and under covers to stop the deterioration of the ecosystem has made Mexico a global leader in protected agriculture. Industrial agriculture has harmed and depleted ecosystems, which are particularly noticeable in Guanajuato's northern region. The greenhouse indoor farming method is growing in the Mexican market with a nearly 10% CAGR, and it also has a good market share. Aeroponics is the most advanced indoor farming technology used in Mexico. Aeroponics is a method of growing plants without soil. Instead, roots are suspended in the air and irrigated with a nutrient-dense mist. This differs from hydroponic systems, where plant roots are regularly submerged in a nutrient-rich solution. In aeroponics, the roots have greater access to oxygen, which results in healthier plants, significantly faster crop growth rates, and increased yields. Aeroponics is one of the fastest growing technologies in the indoor farming market in Mexico. Covid-19 impacts: projection of market growth in the presence of the COVID-19 outbreak. In Mexico, companies, warehouses, institutions, and industries had to close completely or partially as a result of the COVID-19 epidemic. Additional lockdown measures were put in place to support this, such as tight social distance rules, travel restrictions, and restricted access to malls, restaurants, amusement parks, and other public places. Larger corporate farming systems with indoor farming market integration and a high degree of control or coordination within the supply chain, as well as subsistence farming systems with a focus on production for self-consumption and little use of external inputs, were both relatively less affected by the lockdown brought on by COVID-19 and demonstrated greater adaptability. They were less impacted by lockdowns and reduced business mobility than other market players in Mexico. The necessity for innovative farming methods and the shrinking agricultural land area, as well as the increased focus on food security, are the main forces behind the growth of indoor farming in Mexico. The country's agricultural production system has a varied environment, which has resulted in a slow increase in productivity during the past few years. Therefore, indoor farming can offer a long-term, sustainable option to guarantee food security. Considered in this report • Geography: Mexico • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Mexico 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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