The growth of the India indoor farming market during the forecast period from 2024 to 2028 is expected to be driven by limited land availability and the rising demand for locally grown produce.
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.
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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)
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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.
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