India Indoor Farming Market to be Dominated by Retail and Supermarket Segment through 2028
Limit land availability and increasing local grown
produce is expected to drive the growth of India indoor farming market in the
forecast period, 2024-2028.
According to
TechSci Research report, “Indoor Farming Market - India Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028,” the Indian indoor
farming market is anticipated to grow at an impressive rate in the forecast
period, 2024-2028. The demand for locally grown produce is one of the
key factors driving the growth of indoor farming in India. Consumers are
becoming increasingly concerned about the quality and safety of their food and
are looking for ways to support local farmers and reduce their carbon
footprint. Indoor farming offers a solution to these concerns by providing
fresh, locally grown produce year-round, without the need for long-distance
transportation.
The demand for
locally grown produce is particularly strong in urban areas, where consumers
have limited access to fresh, locally grown fruits and vegetables. Indoor
farming allows farmers to grow produce in urban areas, which reduces
transportation costs and ensures that consumers have access to fresh and
healthy food.
In addition, indoor
farming offers several other benefits that are attractive to consumers. For
example, indoor farms can use sustainable growing practices, such as organic or
pesticide-free farming, which appeal to consumers who are concerned about the
environmental impact of agriculture. Indoor farms can also produce crops
without the use of soil, which reduces water usage and eliminates the need for
harmful fertilizers.
Overall, the demand
for locally grown produce is a key driver of the growth of indoor farming in
India. As consumers become increasingly concerned about the quality and safety
of their food, and as urbanization continues to drive demand for locally grown
produce, it is likely that we will see continued growth in this sector in the
coming years.
Indoor farming allows for greater control over the growing environment,
reducing the risk of contamination from pests, pathogens, and environmental
toxins.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "India Indoor Farming Market.”
Indoor farming
market can be segmented based on farming technique, facility type, component,
crop type, and region.
Based on the farming technique, the Indian indoor
farming market can be divided into hydroponics, aeroponics, aquaponics,
soil-based, hybrid. The hydroponics segment dominated the market in 2024 and is
expected to continue maintaining its dominance throughout the forecast period.
This can be ascribed to because Hydroponics is a soilless cultivation method
that utilizes nutrient-rich water solutions to grow plants. It has gained
significant popularity in India due to its potential for high yields, efficient
resource utilization, and year-round cultivation.
Based on crop type,
the market can be segmented into fruits & vegetables, herbs & greens,
flowers & ornamentals, and others. The fruit & vegetables segments are
expected to dominate during the forecast period on account of the increasing demand
of fresh produce which is particularly beneficial for perishable crops and
economic viability such as vegetables like tomatoes, peppers, and strawberries,
offer better economic returns compared to other crop types. Indoor farming
techniques like hydroponics and aeroponics enable higher yields and better
control over crop quality, contributing to increased profitability.
Major companies
operating in the India indoor farming market are:
- Infarm pvt. Ltd (Germany)
- Aero-Farm pvt. ltd, (US)
- FreshToHome pvt. Ltd. (India)
- Urban Kisaan Pvt. Ltd. (India)
- Kheyti pvt. Ltd.
(India)
Download Sample Report
Customers can also request for 10% free
customization on this report.
The indoor farming
market in India has been growing rapidly in recent years, with a focus on
high-tech, sustainable farming methods that offer several advantages over
traditional farming. The Indian indoor farming market was valued at around USD
54 million in 2020 and is expected to reach USD 218 million by 2026, growing at
a CAGR of around 25% during the forecast period.
North India, with
its large urban population and limited arable land, is a promising market for
indoor farming. The region is home to several major cities, including Delhi,
which have seen a growing interest in indoor farming in recent years. Several
startups and companies in North India have begun offering indoor farming
solutions, including hydroponic and aeroponic systems, to consumers,
restaurants, and other businesses.
“Overall, the
Indian indoor farming market, including North India, is expected to continue to
grow in the coming years, driven by factors such as urbanization, a growing
demand for fresh, locally grown produce, and the need for sustainable farming
solutions” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm. “India
Indoor Farming Market, By Farming Technique (Hydroponics, Aeroponics,
Aquaponics, Soil-Based, and Hybrid), By Facility Type (Greenhouse, Indoor
Vertical Farm, Container Farm, and Others), By Component (Irrigation Component,
Lighting, Sensor, Climate Control, and Others), By Crop Type (Fruits &
Vegetables, Herbs & Greens, Flowers & Ornamentals, and Others), By
Region, Competition, Forecast and Opportunities, 2029”,
has evaluated the future growth potential of India indoor farming market and
provides statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Indian indoor farming market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com