Global Indoor Farming Market to Reach USD 47.19 Billion by 2030, Growing at a CAGR of 11%

Summary:

The Global Indoor Farming Market Size was valued at USD 22.73 billion in 2023 and is projected to grow at a CAGR of 11%, reaching USD 47.19 billion by 2030. The market's rapid expansion is driven by the increasing demand for sustainable farming solutions, technological advancements in indoor agriculture, and the rising global focus on food security.

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Market Size:

The indoor farming market is experiencing significant growth due to the increasing adoption of vertical farming, hydroponics, and aeroponics technologies. The market, which stood at USD 22.73 billion in 2023, is forecasted to nearly double to USD 47.19 billion by 2030, fueled by rising urbanization and the need for high-yield, space-efficient farming solutions.

Scope and Research Methodology:

This press release is based on an extensive market study conducted by Maximize Market Research. The research incorporates qualitative and quantitative analysis, applying a bottom-up approach to estimate market size. The study evaluates market trends, opportunities, challenges, and competitive landscapes across various segments and regions.

Report Coverage:

• Market Share, Size & Forecast by Revenue (2024–2030)

• Growth Drivers, Challenges, and Key Market Trends

• Segmentation Analysis: By Growing System, Facility Type, and Crop Type

• Regional Analysis: North America, Europe, Asia Pacific, South America, and the Middle East & Africa

Overview:

The indoor farming industry is evolving rapidly, driven by technological innovations in controlled-environment agriculture (CEA), the demand for pesticide-free produce, and the ability to cultivate crops in urban areas. The increasing adoption of LED lighting, automation, and AI-driven monitoring systems further enhances the efficiency and scalability of indoor farming operations.

Market Dynamics:

• Growth Drivers:

  • Rising adoption of hydroponic and aeroponic farming

  • Increasing investment in smart farming and AI-driven monitoring systems

  • Demand for sustainable and pesticide-free food production

  • Expansion of urban agriculture and vertical farming

• Challenges:

  • High initial investment and operational costs

  • Energy consumption concerns in indoor farming systems

  • Limited crop variety compared to traditional farming

Market Segmentation:

• By Growing System:

  • Aeroponics

  • Soil-Based

  • Aquaponics

  • Hydroponics

  • Hybrid Systems

• By Facility Type:

  • Glass or Poly Greenhouse

  • Indoor Vertical Farm

  • Container Farm

  • Low-Tech Plastic Hoop House

  • Indoor Deep-Water Culture (DWC)

• By Crop Type:

  • Tomatoes

  • Flowers

  • Herbs

  • Microgreens

  • Leafy Greens

  • Others

Key Players in the Indoor Farming Market:

North America:

1. AeroFarms – USA

2. Plenty Unlimited Inc. – USA

3. Bowery Farming – USA

4. BrightFarms – USA

5. Gotham Greens – USA

Europe: 6. Infarm – Germany
7. GrowUp Farms – UK
8. Jones Food Company – UK
9. LettUs Grow – UK
10. UrbanFarmers AG – Switzerland

Asia-Pacific: 11. Spread Co. Ltd. – Japan
12. Sky Greens – Singapore
13. UrbanKisaan – India
14. SananBio – China
15. Crop One Holdings – Singapore

Reasons to Buy This Report:

• Comprehensive Market Insights: Detailed analysis of market trends, challenges, and growth drivers

• Competitive Landscape: Profiles of key players and their market strategies

• Regional Analysis: Market potential across key regions

• Investment Insights: Identification of high-growth opportunities in indoor farming

Table of Contents:

1. Introduction

2. Market Overview

3. Market Dynamics (Drivers, Challenges, and Opportunities)

4. Segmentation Analysis

5. Regional Market Insights

6. Competitive Landscape

7. Future Market Trends

8. Conclusion

For further details, feel free to reach out to us at any time: https://www.maximizemarketresearch.com/market-report/global-indoor-farming-market/110252/ 

About Us:

Maximize Market Research is a globally recognized market research and business consulting firm, offering services across industries such as IT, telecom, chemicals, food & beverage, aerospace, defense, and healthcare. Our expertise in data-driven research, strategic consulting, and in-depth market analytics makes us a trusted partner for businesses looking to drive growth and innovation in competitive markets.

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