Global Indoor Farming Market Size & Outlook
The indoor farming industry worldwide is expected to reach a projected revenue of US$ 88,478.8 million by 2030. A compound annual growth rate of 12.9% is expected of the worldwide indoor farming industry from 2024 to 2030.
Revenue, 2023 (US$M)
$37,880.0
Forecast, 2030 (US$M)
$88,478.8
CAGR, 2024 - 2030
12.9%
Report Coverage
Worldwide
Global indoor farming market, 2018-2030 (US$M)
Related Markets
Global indoor farming market highlights
- The global indoor farming market generated a revenue of USD 37,880.0 million in 2023 and is expected to reach USD 88,478.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.9% by 2030.
- In terms of segment, greenhouses accounted for a revenue of USD 27,652.1 million in 2023.
- Vertical Farms is the most lucrative facility type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 37,880.0 million |
| Market revenue in 2030 | USD 88,478.8 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Greenhouses |
| Fastest growing segment | Vertical Farms |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greenhouses, Vertical Farms |
Other key industry trends
- In terms of revenue, the North America accounted for 22.8% of the global indoor farming market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 5,997.2 million by 2030.
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Indoor Farming Market Scope
Indoor farming market segmentation & scope
Climate Control Systems
Lighting Systems
Sensors
Irrigation Systems
Web-Based
Cloud-Based
System Integration & Consulting
Managed Services
Assisted Professional Services
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens (excluding lettuce)
Herbs
Others
Perennials
Annuals
Ornamentals
Others (Cannabis, Microgreens)
Indoor Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global indoor farming market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to indoor farming market will help companies and investors design strategic landscapes.
greenhouses was the largest segment with a revenue share of 73% in 2023. Horizon Databook has segmented the Global indoor farming market based on greenhouses, vertical farms covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Indoor Farming Facility Type Outlook (Revenue, USD Million, 2018-2030)
- Greenhouses
- Vertical Farms
- Shipping Container
- Building-based
- Others
- Global Indoor Farming Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Climate Control Systems
- Lighting Systems
- Sensors
- Irrigation Systems
- Software
- Web-Based
- Cloud-Based
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Global Indoor Farming Growing Mechanism Outlook (Revenue, USD Million, 2018-2030)
- Aeroponics
- Hydroponics
- Aquaponics
- Global Indoor Farming Crop Category Outlook (Revenue, USD Million, 2018-2030)
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
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Target buyers of Global indoor farming market databook
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Our clientele includes a mix of indoor farming market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global indoor farming market , including forecasts for subscribers. This global databook contains high-level insights into Global indoor farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global indoor farming market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Indoor farming market size, 2023 (USD Million)
Top 10 countries: Indoor farming market size, 2023 (USD Million)
Global indoor farming market, by region, 2023 (US$M)
Related regional statistics
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