Indoor Farming Market: Trends, Growth Analysis & Future Outlook 2024-2031 | AeroFarms, Bright Farms Inc., Bowery Inc.

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.

Indoor Farming Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Indoor Farming Market focuses on growing crops in controlled environments using hydroponics, aeroponics, and vertical farming techniques. Driven by the need for sustainable food production, it ensures year-round cultivation with minimal water and land use. Advances in LED lighting, automation, and AI-powered monitoring are revolutionizing the sector, making farming more efficient and resilient to climate change.

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.

Industry Development:

On March 16, 2022, Hamilton, Montana-based indoor farming company Local Bounti made a major move by acquiring its rival, Hollandia Produce Group-known for selling leafy greens under the brand Pete's-for $122.5 million. The deal was expected to be finalized early in the second quarter.

On January 31, 2022, leading vertical farming company Kalera AS teamed up with Agrico Acquisition Corp., a special purpose acquisition company (SPAC), to announce their definitive merger agreement. This strategic move will see Kalera shift from its current listing on Euronext Growth Oslo to becoming a publicly traded company on the NASDAQ stock market.

Growth Forecast Projected:

The Global Indoor Farming Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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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.

By Technology: Hardware, Software, Integrated Systems.

Regional Analysis for Indoor Farming Market:

The regional analysis of the Indoor Farming Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Indoor Farming market?

➠ Who are the leading manufacturers in the global Indoor Farming industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Indoor Farming industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Indoor Farming market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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