Latin America Indoor Farming Market Size & Outlook
Latin America indoor farming market, 2018-2030 (US$M)
Related Markets
Latin America indoor farming market highlights
- The Latin America indoor farming market generated a revenue of USD 3,624.4 million in 2023.
- The market is expected to grow at a CAGR of 11.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,624.4 million |
| Market revenue in 2030 | USD 7,773.0 million |
| Growth rate | 11.5% (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 |
| Key market players worldwide | Argus Worldwide Corp, Denso Corp, Richel Group, Netafim, HydroDynamics, Signify NV, Hydroponics, Illumitex, LumiGrow, Bowery Farming |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.6% of the global indoor farming market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 27,686.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Indoor Farming Market Scope
Indoor Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 73.21% in 2023. Horizon Databook has segmented the Latin America indoor farming market based on greenhouses, vertical farms covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Indoor Farming Facility Type Outlook (Revenue, USD Million, 2018-2030)
- Greenhouses
- Vertical Farms
- Shipping Container
- Building-based
- Others
- Latin America 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
- Latin America Indoor Farming Growing Mechanism Outlook (Revenue, USD Million, 2018-2030)
- Aeroponics
- Hydroponics
- Aquaponics
- Latin America 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
Reasons to subscribe to Latin America indoor farming market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America 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 continent-level data and insights on the Latin America indoor farming market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America indoor farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America indoor farming market size, by country, 2018-2030 (US$M)
Latin America Indoor Farming Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
