The Latin America, Middle East and Africa Indoor Farming Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).
Among various increasing types in the indoor farming market, soil-based indoor farming dominates. When compared to conventional farming, its potential to improve the plant harvesting cycle is driving the expansion of the market. Glass or play greenhouses have a higher market value, but indoor deep-water culture systems are estimated to be in higher demand throughout the forecast years. Moreover, there is a growing demand for sustainable food production, which can be met by implementing indoor vertical farming approaches in agriculture.
The industry is anticipated to develop in response to rising consumer awareness of the benefits of eating fresh and high-quality food. The growing global population, particularly in emerging economies, has resulted in increased food demand, which is estimated to fuel the expansion of the indoor farming industry in the future years. There is an expansion of indoor farming in terms of the paucity of land for farming across the region.
According to World Bank data, South Asia is utilizing more than 90% of its potential arable land. In Sub-Saharan Africa, on the other hand, only approximately 20% of the theoretically arable land is cultivated. The adoption of indoor farming techniques is majorly high across the region. Kuwait produces a very low amount of its crops utilizing traditional agricultural practices in an area where water is scarce. Due to contemporary technology, a growing percentage of the country's fruit and vegetables come from indoor or hydroponic farms.
Moreover, according to the International food policy research institute, agriculture plays a significant role in the overall development of the Middle East. The agriculture sector contributes a total of 13% of the entire GDP of the Middle East. However, there are a number of challenges in crop production.
The Brazil market dominated the LAMEA Indoor Farming Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,933.8 million by 2028. The Argentina market is estimated to witness a CAGR of 15.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 15% during (2022 - 2028).
Based on Component, the market is segmented into Hardware (Lighting systems, Irrigation systems, Sensors, and Climate control systems) and Software (Web-Based and Cloud-Based). Based on Facility Type, the market is segmented into Greenhouses, Vertical Farms, and Others. Based on Crop Type, the market is segmented into Tomato, Lettuce, Bell & Chili Peppers, Strawberry, Leafy Greens, Herbs, Cucumber, Flowers & Ornamentals, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Indoor Farming Market is Predict to reach $88.2 Billion by 2028, at a CAGR of 12.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Orbia Advance Corporation, Certhon, General Hydroponics, Hydrodynamics International, Argus Control Systems Limited, Priva BV, LumiGrow, Inc., Richel Group, and Vertical Farm Systems Pty Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Lighting systems
- Irrigation systems
- Sensors
- Climate control systems
- Software
By Facility Type
- Greenhouses
- Vertical Farms
- Others
By Crop Type
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Leafy Greens
- Herbs
- Cucumber
- Flowers & Ornamentals
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Orbia Advance Corporation
- Certhon
- General Hydroponics
- Hydrodynamics International
- Argus Control Systems Limited
- Priva BV
- LumiGrow, Inc.
- Richel Group
- Vertical Farm Systems Pty Ltd
TABLE 1 LAMEA Indoor Farming Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Indoor Farming Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Hardware Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Hardware Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Lighting systems Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Lighting systems Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Irrigation systems Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Irrigation systems Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Sensors Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Sensors Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Climate control systems Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Climate control systems Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Web-Based Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Web-Based Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Cloud-Based Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Cloud-Based Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 26 LAMEA Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 27 LAMEA Greenhouses Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Greenhouses Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Vertical Farms Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Vertical Farms Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 34 LAMEA Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 35 LAMEA Tomato Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Tomato Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Lettuce Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Lettuce Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Bell & Chili Peppers Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Bell & Chili Peppers Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Strawberry Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Strawberry Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Leafy Greens Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Leafy Greens Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Herbs Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Herbs Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Cucumber Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Cucumber Market by Country, 2022 - 2028, USD Million
TABLE 49 LAMEA Flowers & Ornamentals Market by Country, 2018 - 2021, USD Million
TABLE 50 LAMEA Flowers & Ornamentals Market by Country, 2022 - 2028, USD Million
TABLE 51 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 52 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 53 LAMEA Indoor Farming Market by Country, 2018 - 2021, USD Million
TABLE 54 LAMEA Indoor Farming Market by Country, 2022 - 2028, USD Million
TABLE 55 Brazil Indoor Farming Market, 2018 - 2021, USD Million
TABLE 56 Brazil Indoor Farming Market, 2022 - 2028, USD Million
TABLE 57 Brazil Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 58 Brazil Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 59 Brazil Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 60 Brazil Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 61 Brazil Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 62 Brazil Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 63 Brazil Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 64 Brazil Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 65 Brazil Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 66 Brazil Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 67 Argentina Indoor Farming Market, 2018 - 2021, USD Million
TABLE 68 Argentina Indoor Farming Market, 2022 - 2028, USD Million
TABLE 69 Argentina Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 70 Argentina Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 71 Argentina Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 72 Argentina Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 73 Argentina Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 74 Argentina Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 75 Argentina Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 76 Argentina Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 77 Argentina Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 78 Argentina Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 79 UAE Indoor Farming Market, 2018 - 2021, USD Million
TABLE 80 UAE Indoor Farming Market, 2022 - 2028, USD Million
TABLE 81 UAE Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 82 UAE Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 83 UAE Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 84 UAE Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 85 UAE Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 86 UAE Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 87 UAE Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 88 UAE Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 89 UAE Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 90 UAE Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 91 Saudi Arabia Indoor Farming Market, 2018 - 2021, USD Million
TABLE 92 Saudi Arabia Indoor Farming Market, 2022 - 2028, USD Million
TABLE 93 Saudi Arabia Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 94 Saudi Arabia Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 95 Saudi Arabia Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 96 Saudi Arabia Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 97 Saudi Arabia Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 98 Saudi Arabia Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 99 Saudi Arabia Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 100 Saudi Arabia Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 101 Saudi Arabia Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 102 Saudi Arabia Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 103 South Africa Indoor Farming Market, 2018 - 2021, USD Million
TABLE 104 South Africa Indoor Farming Market, 2022 - 2028, USD Million
TABLE 105 South Africa Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 106 South Africa Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 107 South Africa Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 108 South Africa Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 109 South Africa Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 110 South Africa Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 111 South Africa Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 112 South Africa Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 113 South Africa Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 114 South Africa Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 115 Nigeria Indoor Farming Market, 2018 - 2021, USD Million
TABLE 116 Nigeria Indoor Farming Market, 2022 - 2028, USD Million
TABLE 117 Nigeria Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 118 Nigeria Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 119 Nigeria Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 120 Nigeria Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 121 Nigeria Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 122 Nigeria Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 123 Nigeria Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 124 Nigeria Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 125 Nigeria Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 126 Nigeria Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 127 Rest of LAMEA Indoor Farming Market, 2018 - 2021, USD Million
TABLE 128 Rest of LAMEA Indoor Farming Market, 2022 - 2028, USD Million
TABLE 129 Rest of LAMEA Indoor Farming Market by Component, 2018 - 2021, USD Million
TABLE 130 Rest of LAMEA Indoor Farming Market by Component, 2022 - 2028, USD Million
TABLE 131 Rest of LAMEA Indoor Farming Market by Hardware Type, 2018 - 2021, USD Million
TABLE 132 Rest of LAMEA Indoor Farming Market by Hardware Type, 2022 - 2028, USD Million
TABLE 133 Rest of LAMEA Indoor Farming Market by Software Type, 2018 - 2021, USD Million
TABLE 134 Rest of LAMEA Indoor Farming Market by Software Type, 2022 - 2028, USD Million
TABLE 135 Rest of LAMEA Indoor Farming Market by Facility Type, 2018 - 2021, USD Million
TABLE 136 Rest of LAMEA Indoor Farming Market by Facility Type, 2022 - 2028, USD Million
TABLE 137 Rest of LAMEA Indoor Farming Market by Crop Type, 2018 - 2021, USD Million
TABLE 138 Rest of LAMEA Indoor Farming Market by Crop Type, 2022 - 2028, USD Million
TABLE 139 Key Information – Orbia Advance Corporation
TABLE 140 Key Information – Certhon
TABLE 141 Key Information – General Hydroponics
TABLE 142 Key Information – Hydrodynamics International
TABLE 143 Key Information – Argus Control Systems Limited
TABLE 144 Key Information – Priva BV
TABLE 145 Key Information – LumiGrow, Inc.
TABLE 146 Key Information – Richel Group S.A.
TABLE 147 Key Information – Vertical Farm Systems Pty Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent Strategies and Developments: Orbia Advance cOrporation