Indoor Farming Market Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2029


Posted December 19, 2022 by pranit10

Indoor Farming Market size is expected to grow at a CAGR of 11% during the forecast period and the market size is expected to reach nearly US$ 42.53 Billion by 2029.

 
Indoor Farming Market Forecast by 2029, Latest Drivers and Key Companies.

This report estimates the market size for Indoor Farming using 2021 as the base year and a forecast period of 2022 to 2029. This analysis predicts that the Indoor Farming market will grow by millions of dollars by 2029 when compared to 2021. The revenue CAGR of the Indoor Farming market will skyrocket over the next seven years.

In-depth information on the market's size, price, revenue, trends, growth, and capacity is provided in the Indoor Farming market research report, along with a forecast for the years up to 2029. The primary growth factors for this Indoor Farming market are also thoroughly examined. This report is a comprehensive quantitative analysis of the market that offers information for creating plans to boost growth and effectiveness.

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Indoor Farming Market Overview:

Indoor farming is used to supply consumers with wholesome, fresh vegetables and to supplement the local food supply. This method of farming controls the nutrients that fertilise plants, making the food it produces very nutrient-dense. A wide variety of crops, including leafy vegetables, herbs, vegetables, fruits, microgreens, and flowers, can be grown indoors. Vertical farming techniques used indoors produce organic food that is uncontaminated by agrochemicals. These are the main driving factors behind indoor vertical farming, along with the rising consumer demand for pesticide- and herbicide-free produce.

COVID 19 Impact:

The market is affected by COVID-19, and as that impact grows in 2019 and 2020, it will also affect the growth rate. Businesses and organisations are being forced by the COVID-19 crisis to digitise operations and manage risk to provide decision-makers with reliable data and experiences. This is supported by the most recent MMR research, opinions, and insights on the management issues that have the greatest market impact on businesses and organisations.

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Indoor Farming Market Segment:

By Constituent, since 2021, the hardware sector has dominated the market, and indoor farming's contribution to environmental preservation is expected to continue this trend over the forecast period. The segment is further broken down into irrigation systems, sensors, lighting systems, and temperature systems that support indoor horticulture. As the system creates a plant-creating environment during the projection period, the climate management system becomes the segment with the fastest growth. The system regulates the indoor climate using devices like chillers, heaters, air conditioners, wetters, and air movement suppliers, among others.

Top Companies in Indoor Farming Market:

Richel Group (France)
Netafim (Israel)
LumiGrow (U.S.)
Illumitex (U.S.)
Hydrodynamics International (U.S.)
Agrilution (Germany)
Argus Control System Limited (Canada)
Signify Holding (Netherlands)
Everlight Electronics (China)
Logiqs (Netherlands)
American Hydroponics (US)
Vertical Farm Systems (Australia)
General Hydroponics (US)
Heliospectra AB (Sweden)
Regional Analysis:

North America (United States, Canada and Mexico)
Europe (UK, Germany, France, Italy, Russia, Sweden, etc.)
Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest Of APAC)
South America (Brazil, Argentina, etc.)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
Important Features of the Reports:

Comprehensive overview of the Indoor Farming market.
Indoor Farming Market drivers, restraints, opportunities, and challenges region-wise.
Explanations for market share and segmentation in detail.
Current market trends and advancements
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Categories Food , News
Tags indoor farming market
Last Updated December 19, 2022