List of Figures
Figure 1: United States (US) Dietary Supplements Market Size By Value 2016 to 2027F (In USD million)
Figure 2: United States (US) Indoor Farming Market Share By Growth Mechanism Type (2016, 2021 & 2027F)
Figure 3: United States (US) Indoor Farming Market Share By Facility Type (2016, 2021 & 2027F)
Figure 4: United States (US) Indoor Farming Market Share By Component (2016, 2021 & 2027F)
Figure 5: Market Attractiveness Index, By Growth Mechanism
Figure 6: Market Attractiveness Index, By Facility Type
Figure 7: Market Attractiveness Index, By Crop type
Figure 8: Porter's Five Forces Meter of Indoor Farming Industry in United States (US)
List of Table
Table 1: United States (US) Indoor Farming Market Size of Hydroponics (2016 to 2027F) (in USD Million)
Table 2: United States (US) Indoor Farming Market Size of Aeroponics (2016 to 2027F) (in USD Million)
Table 3: United States (US) Indoor Farming Market Size of Aquaponics (2016 to 2027F) (in USD Million)
Table 4: United States (US) Indoor Farming Market Size of Soil-based (2016 to 2027F) (in USD Million)
Table 5: United States (US) Indoor Farming Market Size of Hybrid (2016 to 2027F) (in USD Million)
Table 6: United States (US) Indoor Farming Market Size of Vertical Farms (2016 to 2027F) (in USD Million)
Table 7: United States (US) Indoor Farming Market Size of Greenhouse (2016 to 2027F) (in USD Million)
Table 8: United States (US) Indoor Farming Market Size of Others (2016 to 2027F) (in USD Million)
Table 9: United States (US) Indoor Farming Market Size of By Fruits, Vegetables & Herbs (2016 to 2027F) (in USD Million)
Table 10: United States (US) Indoor Farming Market Size of Climate Control (HVAC) (2016 to 2027F) (in USD Million)
Table 11: Key Facts of Company 1
Table 12: Key Facts of Company 2
Table 13: Key Facts of Company 3
Table 14: Key Facts of Company 4
Table 15: Key Facts of Company 5
Worldwide food shortages, rising global temperatures, uneven land terrains, and unpredictable weather conditions have given rise to indoor farming. It has proven to be a boon in times of crisis and has overcome all these uncertainties. Indoor farming is the method of cultivating crops or plants exclusively indoors. Indoor farming, often known as indoor gardening, can be done on small and large scales, both at home and commercially. Indoor farming is especially popular in major cities because parcels of land of any size are scarce for growing and farming. Indoor farming uses 70 to 95% less water than traditional farming. Because indoor farming uses less soil, pests and other diseases are less of a concern. Indoor farming produces organic food that is free of pesticides and air pollution. Indoor farming has several advantages, including high-value crops that are easy to grow and where the majority of the yield may be consumed, and is a fantastic alternative to traditional agriculture. Crops can be produced indoors. The growing conditions can be managed all year, nagging pests can be controlled, and water can be saved and used wisely in controlled quantities. Most importantly, indoor farming can produce more food per acre of land than traditional farming. Indoor farming produces considerably greater yields than traditional agriculture.
According to Bonafide Research’s report titled "United States (US) Indoor Farming Market Overview, 2027," the indoor farming market in United States (US) is expected to grow rapidly over the forecast period. Indoor farming is a method of growing fresh vegetables and other plants that uses a variety of facilities such as vertical farming, indoor greenhouses, and others. Vertical farms are plants that are piled on levels and are frequently integrated into other structures such as shipping containers, skyscrapers, or warehouses. Vertical indoor farms can produce more than traditional farms. Greenhouses have been the workhorse of indoor gardeners, particularly in the production of flowers and decorative plants. Modern high-tech designs were pioneered in the Netherlands and have since spread around the world. Several instances of these farms may be found throughout the United States, with the largest spanning hundreds of acres. Greenhouse indoor farming is one of the oldest techniques of indoor farming and has the largest market share in United States (US) . Vertical indoor farming is a new approach to the indoor farming industry, and it is growing in the country with a higher growth rate. Indoor farming uses fully enclosed and opaque rooms with artificial lighting to grow crops and consists of systems such as hydroponics, aeroponics, aquaponics, soil-based, and hybrids. Indoor farming recirculates and reuses water, using an average of 95% less water to cultivate the same crops as outdoor farming. When plants or crops are produced in vertical greenhouses, the transpiration process occurs, allowing farmers to reuse the water for irrigation.
Soil-based indoor farming has the highest market share in the United States (US). Hydroponic plants produce more fruits and vegetables because they are more tightly packed together in a hydroponic system than the amount of land required to cultivate the same number of plants. Hydroponics increases plant yields. A growth medium is used in some hydroponic systems to support the plant roots and enable more effective water absorption into the root structure. Plants may grow practically anywhere in an indoor hydroponic system all year. Hydroponic systems are available in a number of forms, including vertical stacking systems that take up little space. Hydroponic systems are very successful techniques, utilized in a variety of agricultural fields as well as in natural disasters. However, this system requires fewer personnel, but it is still costly and complicated, despite its great output. Consumers are more health-concerned and prefer veggies that are free of residue. The United States (US) hydroponics market share is rising exponentially in the indoor farming market. The aeroponics technology of indoor farming improves nutrient absorption while exerting less stress on the plant, resulting in better overall produce. Aeroponic plants have more nutritional content while also having superior colors, texture, and taste. Aeroponics, when compared to other controlled environment agriculture systems such as hydroponics and aquaponics, has the added benefit of lower water consumption and greater yields. Aeroponics' lightweight trays also make it easy to stack the grow system and grow vertically. Aeroponics technology is the fastest growing technology in the United States (US) .
Covid-19 impact: Traditional farming was hit hard during the pandemic due to lockdowns, border closures, quarantines, and supply chain disruptions. This limited access to fresh agricultural produce paved the way for indoor farming. In fact, the pandemic pushed the market demand for indoor farming as the populace was already experiencing high levels of food insecurity. During the pandemic's early stages of spread, the agriculture sector encountered difficulties. There were severe labour shortages on farms; some farmers lost their window of opportunity to harvest seasonal crops; agricultural product prices were plummeting; and logistics were disrupted. All this in spite of the fact that agriculture didn’t face a harsh shut down as it was under essential services that were exempted. The development of indoor farming can also help in addressing all aspects of various food security concerns. Increased health awareness and the consumption of food free of residues have made it possible to use cutting-edge methods, such as indoor farming. In order to have food that is pest-free, people are cultivating the essential crops on a modest scale in their own homes, which has increased productivity.
Considered in this report
Geography: United States (US)
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027
Aspects covered in this report
United States (US) Indoor Farming Market with its value and forecast along with its segments
Application wise Indoor Farming distribution
Various drivers and challenges
On-going trends and developments
Top profiled companies
Based on Growth Mechanism:
Based on Facilities type
Vertical indoor farming
Greenhouse indoor farming
Other indoor farming
Based on Crop types:
Fruits and vegetable
Flower and ornamentals
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysis the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have to start verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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