Indoor Farming Market Trends | Growth, Technologies & Forecast 2024-2031 | Top key players - AeroFarms, Bright Farms Inc., Bowery Inc.

The latest report published by DataM Intelligence highlights the growth prospects of Indoor Farming market. The industry expansion is majorly driven by developments in technology across the globe.

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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 centers on growing crops within controlled environments using methods like hydroponics, aeroponics, and vertical farming. This approach allows year-round cultivation, efficient resource use, and reduced dependency on weather. As demand for sustainable, pesticide-free, and locally grown food increases, indoor farming is gaining traction in urban areas and tech-driven agricultural practices.

Competitive Evaluation:

Companies covered in this report are 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.

The Indoor Farming Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

On January 31, 2022, Kalera AS, a leading player in the leafy greens vertical farming space, announced a definitive merger agreement with Agrico Acquisition Corp., a special purpose acquisition company (SPAC). This strategic move will see Kalera shift from its Euronext Growth Oslo listing to becoming a publicly traded company on the NASDAQ, expanding its presence and visibility in the U.S. market.

On March 31, 2021, AeroFarms, another innovator in vertical farming, revealed plans to go public through a SPAC merger with Spring Valley Acquisition Corp. Once finalized, the company will be listed on the NASDAQ under the ticker symbol "ARFM", highlighting the growing momentum of sustainable agriculture companies entering public markets.

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Indoor Farming Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

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 Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Indoor Farming market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ 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)

In terms of geographical analysis, Indoor Farming Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Indoor Farming industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

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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