India indoor farming market is expected
to grow at remarkable rate through 2029 due to many potential factors. Indoor farming
also known as vertical farming, is a growing trend in India, especially in
urban areas where space for traditional farming is limited. In this, the crops are
grown in a controlled environment through different technologies, such as,
hydroponics, aeroponics, and aquaponics.
Indoor farming has several advantages
over traditional farming. This crop can be grown round- year regardless of weather
conditions. It provides higher yield per square feet and reduces the use of
pesticides, herbicides, and water.
The market is supposed to grow at a quick
pace economically because of several startups and companies being engaged in
indoor farming practices for growing crops such as leafy greens, herbs, and
strawberries. By this, they reduce distance transportation and carbon footprint
associated with food production.
Limited Land Availability Supports India
Indoor Farming Market
One of the main factors promoting indoor
farming in India is the lack of available land. Farmers in India are under severe
pressure to produce more food supplies on limited land because of the
fast-expanding population and a shortage of agricultural land.
Without requiring a lot of arable land,
farmers can produce crops indoors in a controlled atmosphere. More crops may be
grown in a smaller area, which is beneficial in urban settings where land resources
are scarce.
Additionally, growing trays stacked on top
of one another can be used for vertical indoor farming, which boosts the
productivity of small plots of land. Systems for vertical farming are
especially well adapted to highly populated urban areas with limited space.
Many individuals in India are also using
traditional methods of indoor gardening such as growing herbs and small
vegetables in pots on a windowsills or balcony. This allows them to produce
their own fresh product using limited space and resources.
By using indoor farming, farmers can
produce fresh, high-quality grains & crops in a sustainable and
environmentally friendly way without relying on land area.
Climate Challenges Might Increase the Growth
of India Indoor Farming Market
In India, the extreme weather conditions,
water scarcity, and changing weather patterns have led a grown interest in
indoor farming. which also mitigates risk associated with traditional farming.
Growing crops in a controlled
environment can shield them from extreme weather events like floods, droughts,
and heat waves, which is one of the advantages of indoor farming. This is
especially crucial in areas of India that are vulnerable to these kinds of
weather phenomena since they can seriously harm crops and lower total harvests.
Indoor farming can also help reduce the
impact of water scarcity during crop yield. Farmers can produce crops with less
water by using hydroponic or aeroponic farming systems, which requires
considerably less water than traditional farming. This makes it possible to
cultivate crops in areas that are prone to droughts.
In addition, farmers can grow crops
year-round, regardless of the weather, with indoor farming. This is especially
crucial in India's regions with prolonged dry seasons or monsoons, which can
make traditional outdoor agriculture difficult.
Overall climates challenges in India
plays a vital role in promoting indoor farming to reduce the risk related with
outdoor traditional farming. By using less water, pesticide, and herbicides, crops
can be grown round the year without any climate interference.
Demand for Locally Grown Produce Boosts
the Market of India Indoor Farming
The rising interest for privately
developed produce in India has been a key element driving the development of
indoor cultivating in the country. Farmers are turning to indoor farming as a
means of meeting this demand because a growing number of consumers are looking
for locally grown, fresh, and high-quality produce.
Indoor farming allows farmers to grow
crops near urban areas, reduce transportation costs and ensure that produce is
fresh and high quality. This is especially important in India, where produce
that is picked before it is ripe can be of lower quality because of the long
distances between rural and urban areas.
Indoor farming likewise permits farmer
to deliver a more extensive assortment of harvests, including fascinating and
high-esteem crops that may not be reasonable for open air development in
specific districts of India. Customers will have access to a wider variety of
fresh, locally grown produce because of this, which may contribute to the
diversification of local food systems.
Overall, the demand for locally grown
produce in India has been a key driver behind the growth of indoor farming in
the country. By producing fresh high-quality crops near urban centers, farmers
can meet this demand while also improving the flexibility of local food system.
Challenges
One of the most significant challenges
faced by indoor farming in India is the high cost of capital. The expense of
setting up an indoor farming activity can be restrictively high, particularly
for small scale farmers who might lack excess of capital. The need for
specialized infrastructure and equipment, such as grow lights, hydroponic or
aeroponic systems, air conditioning or ventilation systems, and irrigation
systems, is primarily the reason for the high prices.
For small scale and medium scale farmer
it is the main barrier for them not to show their interest in the Indoor
farming. Some of them were trying to overcome this by doing Crowdfunding,
public-private partnership, and government help to arrange the fund and
establish indoor farming.
Overall, the high capital cost of indoor
farming in India are significant challenge, but efforts are underway to address
this issue and make this technology more accessible to farmers across the
country.
Indoor farming requires significant
amounts of energy to power lighting, heating, and cooling systems. This can be
a major expense, particularly in a country like India where electricity costs
are often high, and supply is unreliable in some areas.
Indoor farming is still a relatively new
concept in India, and many consumers may not be familiar with the benefits or
drawbacks of this practice. Educating consumers about the value of locally
grown, fresh produce can be a challenge.
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Recent Developments
- In
2021, Bengaluru-based urban farming startup, Clover, raised USD 5.5
million in funding from venture capitalists. The funds were used to expand
the company's indoor farming operations across India and develop new
technologies to optimize crop growth.
- In
2020, Agri-tech startup, MITRA, acquired the indoor vertical farming unit
of Living Greens Organics, a Delhi-based company. This acquisition helped
MITRA expand its indoor farming operations and strengthen its position in
the market.
Market Segmentation
The India indoor farming market can be
segmented by farming technique, facility type, component, crop type, and
region. Based on farming technique, the India indoor farming market can be
segmented into hydroponics, aeroponics, aquaponics, soil-based, and hybrid. Based
on facility type, the India indoor farming market can be segmented into
greenhouse, indoor vertical farm, container farm, and others. Based on component
type, the indoor farming market can be grouped into irrigation component,
lighting, sensor, climate control, and others. Based on crop type, the India
indoor farming market can be divided into fruits & vegetables, herbs &
greens, flowers & ornamentals, and others.
Market Players
The major players 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), and Kheyti pvt.
Ltd. (India).
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Attribute
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Details
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Base Year
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2023
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Historic Data
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2019 – 2022
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Estimated Year
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2024
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Forecast
Period
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2025 – 2029
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Quantitative Units
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Revenue in USD Million and CAGR
for 2019-2023 and 2024-2029
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Report Coverage
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Revenue forecast, company share,
competitive landscape, growth factors, and trends
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Segments Covered
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Product Type
Region
End User
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Regional Scope
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East India, West India, North India,
South India
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Key Companies Profiled
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Infarm Pvt. Ltd, Aero-Farm Pvt.
Ltd, FreshToHome Pvt. Ltd, Urban Kisaan Pvt. Ltd, Kheyati Pvt. Ltd.
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Customization Scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase
options to meet your exact research needs. Explore purchase options
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Delivery
Format
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PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
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Report Scope:
In this report, the India indoor market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- India Indoor Farming Market, By Product Type:
o
Fruits &
Vegetables
o
Herbs &
Microgreens
o
Flower &
Ornamental Plants
- India Indoor Farming Market, By End User:
o Retail & Supermarket
o Food Services
o Residential
· India
Indoor Farming, By Region:
o
East India
o
West India
o
North India
o
South India
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present India indoor farming market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India indoor farming market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]