Indoor Farming Market: Key Player Profiles, Segment Analysis, and Demand Forecast to 2024-2031 | AeroFarms, Bright Farms Inc., Bowery Inc.

The Indoor Farming Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Indoor Farming market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Indoor Farming Market reached USD 34.2 billion in 2022 and is expected to reach USD 56.1 billion by 2031 and is expected to grow with a CAGR of 6.4% during the forecast period 2024-2031.

The indoor farming market involves growing crops in controlled, enclosed environments, like greenhouses and vertical farms, using technology to optimize conditions such as light, temperature, and humidity. This approach enables year-round cultivation, efficient water use, and minimal pesticide reliance, making it a sustainable solution for producing fresh produce in urban areas or regions with harsh climates.

Key Developments:

In early 2022, significant developments reshaped the indoor farming industry. Local Bounti, an indoor farming company from Hamilton, Montana, made headlines on March 16, 2022, by announcing its acquisition of Hollandia Produce Group, known for its "Pete's" brand of leafy greens, in a deal valued at $122.5 million. The acquisition is anticipated to close in the early part of Q2, marking a key expansion for Local Bounti.

On January 31, 2022, leafy green vertical farming leader Kalera AS and Agrico Acquisition Corp., a special purpose acquisition company (SPAC), revealed a definitive merger agreement. This merger will see Kalera shift from its listing on Euronext Growth Oslo to becoming a publicly traded company on the NASDAQ, aligning with its ambitions for greater market reach.

List of the Key Players in the Indoor Farming Market:

AeroFarms, Bright Farms Inc., Bowery Inc., FreshBox Farms, Metropolis Farms Inc., Garden Fresh Farms, Village Farms International Inc. Green Sense Farms LLC, Sky Greens, and Argus Control System Limited.

Research Process:

Both primary and secondary data sources have been used in the global Indoor Farming Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Indoor Farming Market:

By Growing System: Hydroponics, Aeroponics, Hybrid, Soil-based, Aquaponics.

By Facility Type: Glass or Poly Greenhouses, Container Farms, Indoor Vertical Farms, Indoor Deep Water Culture (DWC) Systems).

By Crop Type: Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals, Others.

Regional Breakout:

The global Indoor Farming Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Indoor Farming Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Indoor Farming Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

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Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

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What are the major opportunities that the companies can get to attain success in the world?

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