The Global Indoor Farming Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Indoor Farming Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. It highlights the expected compound annual growth rate (CAGR) of the global Indoor Farming Market during the forecast period from 2023 to 2031.
The report gives a thorough analysis of the global Indoor Farming Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- AeroFarms
- AgriCool
- Argus Control Systems
- Bowery Farming
- BrightFarms
- Everlight Electronics
- EXDIN Solutions
- General Hydroponics
- Gotham Greens
- GP Solutions
- Heliospectra AB
- Infarm
- Iron Ox
- LumiGrow
- Signify Holding
- Sky Greens
- SPREAD Co., Ltd.
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. Global Indoor Farming Market is estimated to witness a rise in revenue from US$ 28.7 billion in 2022 to US$ 67.0 billion by 2031 at a healthy CAGR of 10.1% during the forecast period 2023-2031.
The segmentation overview of the Indoor Farming Market includes
By Growing System:
- Hydroponics
- Aeroponics
- Aquaponics
- Soil-based
- Hybrid
By Crop Type:
- Common crops
- Lettuce
- Chard
- Cabbage
- Kale
- Tomatoes
- Spinach
- Herbs
- Basil
- Mint
- Chives
- Parsley
- Microgreens
By Technology:
- Controlled Environment Agriculture
- Dosing systems
- Sterilization Systems
- Chemical disinfection
- Lighting
- Fluorescent grow lights
- LED lighting
- Air control
- CO2 gassing
- Compressed CO2
- The Internet of Things – IoT
- Sensors
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- Japan
- Australia New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East Africa (MEA)
- UAE
- Saudi Arabia
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of Latin America
Overall, Astute Analytica’s report on the Indoor Farming Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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