What are the latest figures on the indoor farming market’s size and projected CAGR?
The indoor farming market size has grown rapidly in recent years. It will grow from $29.76 $ billion in 2024 to $33.15 $ billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to increasing urbanization, increasing investment in agricultural technology, increasing concerns over food security, increasing research and development in crop genetics, and rise in disposable incomes.
The indoor farming market size is expected to see rapid growth in the next few years. It will grow to $50.69 $ billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing demand for organic food, growing adoption of eco-friendly production of fruits and vegetables, growing demand for locally sourced, nutritious food, rising demand for fresh crops, and growing demand for vegan vegetables. Major trends in the forecast period include technological advancements, pesticide-free produce, sustainable farming practices, precision farming, and advanced nutrient delivery systems.
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Which Market drivers have played a significant role in driving the indoor farming market?
The increasing demand for organic food is expected to propel the growth of the indoor farming market going forward. Organic food refers to products grown and processed without synthetic chemicals, pesticides, fertilizers, genetically modified organisms (GMOs), or artificial additives. The demand for organic foods is due to growing consumer awareness of health benefits, environmental sustainability, and the desire for natural, chemical-free products. Indoor farming is used for organic food production by providing a controlled environment where crops can be grown without synthetic pesticides, fertilizers, or GMOs, ensuring adherence to organic standards while optimizing plant health and productivity conditions. For instance, in February 2023, according to The Organic Research Centre, a UK-based non-profit organization, sales of organic food and beverages in the United Kingdom grew from £3.05 billion ($3.88 billion) in 2021 to £3.11 billion ($3.95 billion) in 2022. Therefore, increasing demand for organic food is driving the growth of indoor farming.
What are the key segments within the indoor farming market?
The indoor farmingmarket covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Crop Category: Fruits, Vegetables And Herbs, Flowers And Ornamentals, Other Crop Category
3) By Growing System: Aeroponics, Hydroponics, Aquaponics, Soil-Based, Hybrid
4) By Facility Type: Glass Or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems, Other Facility Types
Subsegments:
1) By Hardware: Lighting Systems, Climate Control Systems (HVAC), Hydroponic Systems, Aquaponic Systems, Sensors And Monitoring Devices, Irrigation Systems, Growing Media And Containers
2) By Software: Farm Management Software (FMS), Environmental Control Software, Data Analytics And IoT Solutions, Automation Software, Artificial Intelligence (AI) For Farming, Crop Management Software
3) By Services: Consulting And Design Services, Installation And Maintenance Services, Crop Production And Yield Optimization Services, Technical Support And Training, Financing And Leasing Services
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Which key players are shaping the indoor farming market?
Major companies operating in the indoor farming market are Signify Holding B.V., The Scotts Miracle-Gro Company, Priva BV, Bowery Farming Inc., Plenty Unlimited Inc., Agritecture Consulting LLC, AeroFarms LLC, Certhon, Argus Control Systems Ltd., Fluence Bioengineering Inc., UrbanKisaan, BrightFarms Inc., Iron Ox Inc., Superior Fresh LLC, FreshBox Farms, Hydrodynamics International Inc., Metropolis Farms Inc., Innovation Agritech Group Ltd., Gotham Greens Holdings LLC, Crop One Holdings Inc., Farmshelf, Illumitex Inc., ZipGrow Inc., LumiGrow Inc., GrowUp Farms Ltd
Which transformative trends will shape the indoor farming market landscape?
Major companies operating in the indoor farming market are focused on developing innovative establishments, such as vertical hydroponic farms, to enhance efficiency and sustainability in agricultural practices. Vertical hydroponic farms are indoor farming systems where plants are grown in vertically stacked layers or towers using a hydroponic growing method. For instance, in September 2022, FarmBox Foods LLC, a US-based producer of solutions for container farming, launched the Hydroponic Fodder Farm, a vertical hydroponic system designed to grow livestock feed efficiently. The system employs advanced hydroponic technology to deliver a nutrient-rich water solution directly to plant roots, ensuring rapid and uniform growth. The controlled indoor environment allows for year-round production, independent of external weather conditions, and minimizes water usage compared to traditional farming methods. It integrates automation and monitoring systems to optimize growing conditions and ensure high-quality feed production.
How do regional factors impact the indoor farming market, and which region is the largest contributor?
North America was the largest region in the indoor farming market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the indoor farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Indoor Farming Market Report 2025 Offer?
The indoor farming market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Indoor farming refers to the practice of growing crops or plants entirely inside buildings or enclosed structures without relying on natural outdoor conditions. This method of agriculture allows for year-round cultivation, regardless of external weather conditions, by managing factors such as temperature, light, humidity, and water. Indoor farming can occur in various settings, including greenhouses, vertical farms, or specially designed indoor facilities.
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