Asia Pacific Indoor Farming Market

Asia Pacific Indoor Farming Market Size (2024 to 2029)

The Asia Pacific Indoor Farming market size is estimated to reach USD 32.35 billion in 2024 and reach USD 47.64 billion by 2029, growing at a CAGR of 8.02% from 2024 to 2029. Regional sector around the world and is likely to increase much further with supportive government initiatives during the forecast period of 2024 to 2029

One of the major driving factors that help the growth of the Asia Pacific Indoor Farming market is the rise in demand for fresh foods with higher nutritive value. The increase in populations in nations like India, China, etc., has augmented the need for food production, which is acting positively for the APAC indoor farming market. Also, the decrease in cultivation land due to rapid urbanization is also propelling the need for indoor farming in this area. Rising calls for higher yields using limited space and water are some of the additional factors supporting developments in the Asia Pacific Indoor Farming market.

Factors such as high investment and initial costs, limitations involved with labor and workforce are the major restraints that are challenging the growth of the Indoor Farming market in the Asia Pacific region.

This research report on the Asia Pacific indoor farming market is segmented and sub-segmented into the following categories.

APAC Indoor Farming Market Analysis By Installation

• Greenhouses
• Indoor Vertical Farms
• Container Farms
• Others

Among these, the greenhouses segment holds a prominent share of the regional market.

APAC Indoor Farming Market Analysis By Technology

• Hardware
• Software & Services
• Integrated System

Hardware components such as climate control systems and lighting systems are used to control the climate, which finds increased demand in the worldwide market.

APAC Indoor Farming Market Analysis By Cultivation Method

• Hydroponics
• Aeroponics
• Aquaponics
• Soil-Based and Hybrid

Of these, the hydroponics method is known to control several associated risks and offer sufficient fresh produce.

APAC Indoor Farming Market Analysis By Product

• Fruits & Vegetables
• Herbs & Microgreens
• Medicinal Crops
• Other Types

In general, indoor farming is largely used for the cultivation of fruits & vegetables such as leafy vegetables, cucumbers, tomatoes, potatoes, and eggplants.

COUNTRY ANALYSIS

The Asia Pacific region is expected to increase in the market of Indoor Farming owing to the rising need for fresh food with the burgeoning population, especially in countries such as India, China, etc. The regional market is also estimated to record significant growth in the coming years due to the increasing government subsidies.  

KEY PLAYERS IN THE ASIA PACIFIC INDOOR FARMING MARKET

Some of the key players in the Indoor Farming market are Vertical Farm Systems, Richel Group, LumiGrow, Logiqs, Illumitex, Philips Lighting, Hydrodynamics International, General Hydroponics, EVERLIGHT Electronics, Netafim, Argus Controls Systems, Agrilution.