Product Code: GVR-3-68038-942-5
The global indoor farming market size is estimated to reach USD 50.3 billion by 2025, exhibiting a CAGR of 9.19% from 2019 to 2025, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This in turn is driving demand for indoor farms to produce food. In addition, challenges, such as rising global temperature and extreme weather conditions, act as a barrier in the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an environment-friendly way.
Indoor farming increases the crop yield and reduces farming impact on the environment by reducing the distance traveled in the supply chain. It reduces need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding consumption of healthy and fresh food is anticipated to positively influence the market for indoor farming over the forecast period. Furthermore, the use of technology, such as LED indoor farming to create nature-like conditions will help farmers meet the expected demand for food supply in near future.
Europe dominated the indoor farming market in 2018 and is anticipated to remain dominant over the coming years, owing to the continuous adoption of advanced technologies such as LED lighting, controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2019 to 2025, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is projected to bode well for the regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.
The key players operating in the market include Netafim (Israel), Richel Group (France), PRIVA (Netherlands), and Argus Control System Limited (Canada). Companies across the globe, such as Signify Holding and Osram GmbH, are working on developing innovative lighting systems for indoor farming.
Further key findings from the report suggest:
- The greenhouses segment dominated the market in terms of revenue in 2018 as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits
- The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific
- The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as the crop development can be controlled by adjusting and monitoring the concentration of minerals
- Some of the key players operating in the indoor farming market include LumiGrow (U.S.), Illumitex (U.S.), Hydrodynamics International (U.S.), and Agrilution (Germany)
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market segmentation & scope
- 1.2. Market definition
- 1.3. Information procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources & third-party perspectives
- 1.3.4. Primary research
- 1.4. Information analysis
- 1.4.1. Data analysis models
- 1.5. Market formulation & data visualization
- 1.6. Data validation & publishing
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends & Scope
- 3.1. Penetration & Growth Prospect Mapping
- 3.2. Indoor Farming Market - Value Chain Analysis
- 3.3. Indoor Farming Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Indoor Farming Market Analysis - Porter's
- 3.4.1. Supplier Power
- 3.4.2. Buyer Power
- 3.4.3. Substitution Threat
- 3.4.4. Threat from new entrant
- 3.4.5. Competitive rivalry
- 3.5. Indoor Farming Market Analysis - PEST
- 3.5.1. Political Landscape
- 3.5.2. Economic Landscape
- 3.5.3. Social Landscape
- 3.5.4. Technology Landscape
- 3.6. Major Deals & Strategic Alliances Analysis
- 3.6.1. Joint Ventures
- 3.6.2. Mergers & Acquisitions
- 3.6.3. Licensing & Partnership
- 3.6.4. Technology Collaborations
- 3.6.5. Strategic Divestments
Chapter 4. Indoor Farming Market: Facility Type Outlook
- 4.1. Indoor Farming Market Share by Facility Type, 2018 & 2025 (USD Million)
- 4.2. Greenhouses
- 4.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 4.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 4.3. Vertical Farms
- 4.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 4.3.3. Shipping Container
- 4.3.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 4.3.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 4.3.4. Building-Based
- 4.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 4.3.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 4.4. Others
- 4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 5. Indoor Farming Market: Component Outlook
- 5.1. Indoor Farming Market Share by Component, 2018 & 2025 (USD Million)
- 5.2. Hardware
- 5.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 5.2.3. Climate Control Systems
- 5.2.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.2.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 5.2.4. Lighting Systems
- 5.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.2.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 5.2.4.3. Sensors
- 5.2.4.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.2.4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 5.2.4.4. Irrigation Systems
- 5.2.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.2.4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 5.3. Software
- 5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 5.3.2.1. Web-Based
- 5.3.2.1.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.3.2.1.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 5.3.2.2. Cloud-Based
- 5.3.2.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 5.3.2.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 6. Indoor Farming Market: Crop Category Outlook
- 6.1. Indoor Farming Market Share by Crop Category, 2018 & 2025 (USD Million)
- 6.2. Fruits, Vegetables, & Herbs
- 6.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.1. Tomato
- 6.2.2.1.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.1.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.2. Lettuce
- 6.2.2.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.3. Bell & Chili Peppers
- 6.2.2.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.4. Strawberry
- 6.2.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.5. Cucumber
- 6.2.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.6. Leafy Greens (excluding Lettuce)
- 6.2.2.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.7. Herbs
- 6.2.2.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.7.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.2.2.8. Others
- 6.2.2.8.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.2.2.8.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.3. Flowers & Ornamentals
- 6.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.3.2.1. Perennials
- 6.3.2.1.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.3.2.1.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.3.2.2. Annuals
- 6.3.2.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.3.2.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.3.2.3. Ornamentals
- 6.3.2.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.3.2.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
- 6.4. Others
- 6.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 6.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 7. Indoor Farming Market: Regional Outlook
- 7.1. Indoor Farming Market Share by Region, 2018 & 2025 (USD Million)
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.2.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.2.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.2.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.2.5.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.2.5.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.2.5.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.2.6.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.2.6.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.2.6.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.2.7.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.2.7.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.2.7.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.3.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.3.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.3.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.3.5. U.K.
- 7.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.3.5.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.3.5.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.3.5.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.3.6.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.3.6.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.3.6.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.3.7.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.3.7.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.3.7.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.4.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.4.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.4.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.4.5. China
- 7.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.4.5.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.4.5.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.4.5.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.4.6.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.4.6.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.4.6.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.4.7. India
- 7.4.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.4.7.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.4.7.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.4.7.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.5. South America
- 7.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.5.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.5.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.5.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.5.5.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.5.5.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.5.5.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
- 7.6.2. Market estimates and forecast by facility type, 2014 - 2025 (USD Million)
- 7.6.3. Market estimates and forecast by component, 2014 - 2025 (USD Million)
- 7.6.4. Market estimates and forecast by crop category, 2014 - 2025 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Netafim
- 8.1.1. Company overview
- 8.1.2. Financial performance
- 8.1.3. Product benchmarking
- 8.1.4. Strategic initiatives
- 8.2. Richel Group
- 8.2.1. Company overview
- 8.2.2. Financial performance
- 8.2.3. Product benchmarking
- 8.2.4. Strategic initiatives
- 8.3. PRIVA
- 8.3.1. Company overview
- 8.3.2. Financial performance
- 8.3.3. Product benchmarking
- 8.3.4. Strategic initiatives
- 8.4. Argus Control System Limited
- 8.4.1. Company overview
- 8.4.2. Financial performance
- 8.4.3. Product benchmarking
- 8.4.4. Strategic initiatives
- 8.5. LumiGrow
- 8.5.1. Company overview
- 8.5.2. Financial performance
- 8.5.3. Product benchmarking
- 8.5.4. Strategic initiatives
- 8.6. Illumitex
- 8.6.1. Company overview
- 8.6.2. Financial performance
- 8.6.3. Product benchmarking
- 8.6.4. Strategic initiatives
- 8.7. Certhon
- 8.7.1. Company overview
- 8.7.2. Financial performance
- 8.7.3. Product benchmarking
- 8.7.4. Strategic initiatives
- 8.8. Vertical Farm Systems
- 8.8.1. Company overview
- 8.8.2. Financial performance
- 8.8.3. Product benchmarking
- 8.8.4. Strategic initiatives
- 8.9. Hydrodynamics International
- 8.9.1. Company overview
- 8.9.2. Financial performance
- 8.9.3. Product benchmarking
- 8.9.4. Strategic initiatives
- 8.10. General Hydroponics
- 8.10.1. Company overview
- 8.10.2. Financial performance
- 8.10.3. Product benchmarking
- 8.10.4. Strategic initiatives
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