The Global Indoor Farming Market Report 2023 provides comprehensive technical and financial data for the present and foreseeable future of the market. This report, presented by Astute Analytica, is a significant addition to their market research archive, offering an in-depth investigation and analysis of important facets of the Indoor Farming Market. The study examines the supply and demand scenario, pricing structure, profit margins, production, and market analysis as major driving forces behind the worldwide market expansion.
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The report incorporates 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.
Covering regional trends, market size, prospects for expansion, and important market factors in each region, the report provides a thorough analysis of the global Indoor Farming Market. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, accounting for 10.41% of the global economy. The United States possesses a highly advanced mixed economy, boasting the largest nominal GDP in the world and the second-largest economy in terms of purchasing power parity (PPP), after China.
The leading companies mentioned in the report 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, providing observations on its effects within the report.
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Furthermore, the report provides a comprehensive segmentation overview of the Indoor Farming Market, including geographical regions categorized into several major segments for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2023 and 2031. The 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, exhibiting 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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