Indoor Farming Market Valuation to Reach USD 47.2 Billion by 2033 - Industry Expanding at a CAGR of 8.6%

According to the latest report by IMARC Group, titled "Indoor Farming Market Size, Share, Trends and Forecast by Facility Type, Crop Type, Component, Growing System, and Region, 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global Indoor Farming Market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global indoor farming market size was valued at USD 22.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 47.2 Billion by 2033, exhibiting a CAGR of 8.6% from 2025-2033. North America currently dominates the market, holding a market share of over 36.9% in 2024. The North American region is experiencing steady growth because of rising preferences for sustainable and locally sourced food options, continuous technological advancements in indoor farming practices, and the widespread adoption of automation systems, including robotic arms and conveyor belts.

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Global Indoor Farming Market Dynamics:

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Indoor Farming Market Report are Given Below:

• AeroFarms
• Agricool
• Agrilution Systems GmbH
• Autogrow Systems Ltd
• Bowery Farming Inc.
• Bright Farms, Inc. (Cox Enterprises, Inc.)
• Freight Farms
• FreshBox Farms
• Garden Fresh Farms
• Green Sense Farms Holdings, Inc.
• Logiqs B.V.
• Plenty Unlimited, Inc.
• SananBio
• Sky Greens
• SPREAD Co., Ltd
• Urban Crop Solutions
• Voeks Inc.

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Global Indoor Farming Market Trends:

Indoor Farming Market Segmentation:

Analysis by Facility Type:

• Greenhouse
• Indoor Vertical Farms
• Container Farms
• Indoor Deep Water Culture
• Others

Greenhouse stands as the largest component in 2024, holding 47.0% of the market share.

Analysis by Crop Type:

• Fruits, Vegetables and Herbs

o Lettuce
o Spinach
o Kale
o Tomato
o Herbs
o Bell and Chilli Peppers
o Strawberry
o Cucumber
o Others

• Flowers and Ornamentals

o Annuals
o Perennials
o Ornamentals
o Others

• Others

Fruits, vegetables, and herbs (lettuce, spinach, kale, tomato, herbs, bell and chilli peppers, strawberry, cucumber, and others) lead the market with 96.5% of the market share in 2024.

Analysis by Component:

• Hardware

o Structure
o LED Lights
o HVAC
o Climate Control System
o Irrigation Systems
o Others

• Software

o Web-based
o Cloud-based

Hardware (structure, LED lights, HVAC, climate control system, irrigation systems, and others) leads the market with 89.2% of the market share in 2024.

Analysis by Growing System:

• Aeroponics
• Hydroponics
• Aquaponics
• Soil-based
• Hybrid

Soil-based leads the market with 41.6% of the market share in 2024.

Regional Analysis:

• Asia Pacific

o China
o Japan
o Singapore
o South Korea
o Others

• North America

o United States
o Canada

• Europe

o Netherlands
o Germany
o United Kingdom
o France
o Italy
o Others

• Latin America

o Mexico
o Brazil
o Others

• Middle East and Africa

In 2024, North America accounted for the largest market share of 36.9%.

Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

IMARC Group

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.