Global Indoor Farming Market Size & Outlook, 2023-2030
Global indoor farming market, 2018-2030 (US$M)
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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 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.
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Global indoor farming market size, by regions, 2018-2030 (US$M)
Top 10 countries: Indoor farming market size, 2023 (US$M)
Global indoor farming market share, by facility type, 2023 & 2030 (%, US$M)
Indoor farming market: Opportunity assessment by country
Global indoor farming market, by region, 2023 (US$M)
| Facility Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5,360.6 | 5,850.7 | 6,393.6 | 7,037.6 | 7,774.9 | 8,624.0 | 9,607.5 | 10,753.2 | 12,094.3 | 13,678.3 | 15,561.1 | 17,816.7 | 20,542.9 | 13.2% |
| Europe | 7,767.3 | 8,411.1 | 9,119.5 | 9,959.3 | 10,916.2 | 12,013.0 | 13,277.4 | 14,743.2 | 16,447.3 | 18,451.9 | 20,823.1 | 23,648.3 | 27,044.5 | 12.3% |
| Asia Pacific | 6,373.2 | 7,034.1 | 7,772.9 | 8,651.4 | 9,664.0 | 10,837.9 | 12,206.4 | 13,810.9 | 15,673.0 | 17,902.3 | 20,573.0 | 23,785.7 | 27,686.8 | 14.3% |
| Latin America | 2,417.5 | 2,601.7 | 2,803.4 | 3,042.6 | 3,314.2 | 3,624.4 | 3,980.5 | 4,391.8 | 4,862.7 | 5,417.4 | 6,071.7 | 6,846.7 | 7,773.0 | 11.5% |
| MEA | 1,960.4 | 2,091.4 | 2,231.5 | 2,395.3 | 2,577.3 | 2,780.7 | 3,009.3 | 3,267.3 | 3,601.8 | 3,962.2 | 4,371.1 | 4,855.5 | 5,431.6 | 10.0% |
| Overall | 23,879.0 | 25,989.0 | 28,320.9 | 31,086.1 | 34,246.5 | 37,880.0 | 42,081.0 | 46,966.4 | 52,679.0 | 59,412.1 | 67,400.0 | 76,952.9 | 88,478.8 | 12.9% |
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