The market size of the Global Indoor Farming Market was estimated to be USD 33.85 Billion in 2022.
Hydroponics, a popular farming method, dominates the market with its low installation costs and ease of operations. By replacing soil with a mineral solution, it promotes environmental sustainability and efficient water usage. Hydroponics eliminates the risk of soilborne diseases and produces higher quality food. Growing consumer awareness about pesticides is expected to drive the demand for hydroponics.
North America leads the global indoor farming market, with the US adopting large-scale indoor farming through high-efficiency LED lights and advanced management practices. These practices reduce energy costs and the carbon footprint while increasing lettuce yields. The US indoor farming industry is dominated by greenhouse crop production, especially in urban areas like New York, Chicago, and Milwaukee. The demand for greenhouse tomatoes is driving the growth of hydroponic operations in the country, making indoor farming one of the fastest-growing industries.
Rapid urbanization & limited outdoor agricultural space and technological advancements in farming techniques are the major drivers for the Global Indoor Farming Market.