India Indoor Farming Market Size & Outlook, 2023-2030

The indoor farming market in India is expected to reach a projected revenue of US$ 2,812.6 million by 2030. A compound annual growth rate of 14.9% is expected of India indoor farming market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,062.4
Forecast, 2030 (US$M)
$2,812.6
CAGR, 2024 - 2030
14.9%
Report Coverage
India

India indoor farming market highlights

  • The India indoor farming market generated a revenue of USD 1,062.4 million in 2023 and is expected to reach USD 2,812.6 million by 2030.
  • The India market is expected to grow at a CAGR of 14.9% from 2024 to 2030.
  • In terms of segment, greenhouses was the largest revenue generating facility type in 2023.
  • Vertical Farms is the most lucrative facility type segment registering the fastest growth during the forecast period.

Indoor farming market data book summary

Market revenue in 2023USD 1,062.4 million
Market revenue in 2030USD 2,812.6 million
Growth rate14.9% (CAGR from 2023 to 2030)
Largest segmentGreenhouses
Fastest growing segmentVertical Farms
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationGreenhouses, Vertical Farms
Key market players worldwideArgus Worldwide Corp, Denso Corp, Richel Group, Netafim, HydroDynamics, Signify NV, Hydroponics, Illumitex, LumiGrow, Bowery Farming

Other key industry trends

  • In terms of revenue, India accounted for 2.8% of the global indoor farming market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China indoor farming market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,189.0 million by 2030.

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Indoor Farming Market Scope

Indoor farming market segmentation & scope
Greenhouses
Shipping Container
Building-based
Others
Climate Control Systems
Lighting Systems
Sensors
Irrigation Systems
Web-Based
Cloud-Based
System Integration & Consulting
Managed Services
Assisted Professional Services
Aeroponics
Hydroponics
Aquaponics
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

India 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 72.68% in 2023. Horizon Databook has segmented the India indoor farming market based on greenhouses, vertical farms covering the revenue growth of each sub-segment from 2018 to 2030.


  • India Indoor Farming Facility Type Outlook (Revenue, USD Million, 2018-2030)
    • Greenhouses
    • Vertical Farms
      • Shipping Container
      • Building-based
    • Others
  • India 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
  • India Indoor Farming Growing Mechanism Outlook (Revenue, USD Million, 2018-2030)
    • Aeroponics
    • Hydroponics
    • Aquaponics
  • India 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)

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Target buyers of India indoor farming market databook

  • Our clientele includes a mix of indoor farming market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 country-level data and insights on the India indoor farming market , including forecasts for subscribers. This country databook contains high-level insights into India indoor farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India indoor farming market size, by facility type, 2018-2030 (US$M)

India Indoor Farming Market Outlook Share, 2023 & 2030 (US$M)

India indoor farming market size, by facility type, 2018-2030 (US$M)

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