The latest report published by IMARC Group, titled, “Indoor Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Indoor Farming Market Report. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global indoor farming market size reached US$ 17.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028. Indoor farming refers to farming done inside a building. It doesn’t require large machinery like tractors and utilizes less water than growing outside. It depends upon other technology types, like cameras and software to grow food inside a building. It allows the farmers to optimize the growing process for better yields. With a growing population and insufficient farmland, indoor farming is used to meet the increasing demand for food worldwide.
Request for a free sample copy of this report: https://www.imarcgroup.com/indoor-farming-market/requestsample
Industry Growth:
The global market is majorly driven by the rising need for improving crop yields. In line with this, the increasing popularity of indoor farming due to its numerous benefits is significantly contributing to the market. Furthermore, the expansion of the indoor farming technology market is offering lucrative opportunities for market growth. Apart from this, the growing consumer awareness regarding the advantages of consuming fresh and high-quality food is creating a positive outlook for the market. Moreover, the escalating population across the globe, especially in emerging economies, is leading to an increase in food demand, which, in turn, is catalyzing the market. Besides, the changing climatic conditions are causing several environmental problems, such as soil degradation and groundwater depletion, which in turn are affecting the food and agriculture production systems. Governments worldwide are promoting building indoor farms and taking other initiatives to overcome this problem, which, in turn, is anticipated to propel the market. Additionally, the improved efficiency offered by indoor farming over traditional farming methods is augmenting the market.
Competitive Landscape with Key Players:
Also, Read the Full Blog: Largest Indoor (Vertical) Farming Companies in Worldwide
Key Market Segmentation:
Breakup by Facility Type:
Breakup by Crop Type:
Breakup by Component:
Breakup by Growing System:
Breakup by Region:
Key Highlights of the Report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Research Reports:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Elena AndersonEmail: Send EmailPhone: +1-631-791-1145Address:134 N 4th St. City: BrooklynState: NYCountry: United StatesWebsite: https://www.imarcgroup.com
