Southeast Asia Indoor Farming Market Insights, Share & Growth Trends 2024 to 2030

Markntel Advisors’ report, Southeast Asia Indoor Farming Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Southeast Asia Indoor Farming presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Southeast Asia Indoor Farming Market Research Report & Market Summary:

The Southeast Asia Indoor Farming Market size is projected to grow at a CAGR of around 7.20% during the forecast period, i.e., 2024-30. One of the primary factors driving market growth for indoor farming in the region is the high frequency of natural calamities such as earthquakes and floods that are happening due to worsening climate change. Such frequent natural disasters have led to soil degradation and groundwater depletion, which has further deteriorated the quality of food grown via traditional farming methods. Since indoor farming takes place in a closed and controlled environment, it maintains the quality and quantity of the crops cultivated.

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Southeast Asia Indoor Farming Market Dynamics:

Key Driver-

Limited Availability of Arable Land in the Region – Arable land in countries like Singapore and Malaysia has been continuously decreasing over the past few years, owing to rapid urbanization, expanding cities, and growing populations. As per the World Bank, the population of countries like Singapore and Malaysia has been constantly rising in recent years. For instance, the population of Singapore was approximately 5.45 million in 2021 as compared to 5.64 million in 2022 as per the Singapore government, and similarly, the population of Malaysia stood at around 33.5 million in 2021 and rose to nearly 33.8 million in 2022 as per the Department of Statistics Malaysia.

As a result of an increase in population, the arable land per capita is decreasing in these countries, which is driving the growth of indoor farming in the region because indoor farming methods can produce large amounts of crops per unit area as compared to traditional farming while using fewer resources such as water and fertilizers.

Southeast Asia Indoor Farming Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Facility

Greenhouses- Market Size & Forecast 2019-2030, (USD Million)
Indoor Vertical Farms- Market Size & Forecast 2019-2030, (USD Million)
Container Farms- Market Size & Forecast 2019-2030, (USD Million)
Indoor Deep Water Culture Systems – Market Size & Forecast 2019-2030, (USD Million)

Indoor Vertical Farms dominated market revenue during the historical period and are expected to dominate the market during the forecast period.

By Type

Aeroponics- Market Size & Forecast 2019-2030, (USD Million)
Hydroponics- Market Size & Forecast 2019-2030, (USD Million)
Aquaponics- Market Size & Forecast 2019-2030, (USD Million)
Vertical Farming- Market Size & Forecast 2019-2030, (USD Million)

Here, hydroponics accounted for a considerable market share in the historical years, and it is anticipated to dominate the market in the forecast period as well.

By Crop

Fruits – Market Size & Forecast 2019-2030, (USD Million)
Vegetables- Market Size & Forecast 2019-2030, (USD Million)
- Leafy Greens- Market Size & Forecast 2019-2030, (USD Million)
- Other Vegetables (Eggplant, Tomato, Bell Peppers, Chilies, etc.) – Market Size & Forecast 2019-2030, (USD Million)
Herbs and Microgreens- Market Size & Forecast 2019-2030, (USD Million)
Flowers and Ornamentals- Market Size & Forecast 2019-2030, (USD Million)

By Component

Hardware- Market Size & Forecast 2019-2030, (USD Million)
- Climate Control Systems- Market Size & Forecast 2019-2030, (USD Million)
- Lightening Systems- Market Size & Forecast 2019-2030, (USD Million)
- Sensors- Market Size & Forecast 2019-2030, (USD Million)
- Irrigation Systems – Market Size & Forecast 2019-2030, (USD Million)
Software- Market Size & Forecast 2019-2030, (USD Million)
- Web-Based-Market Size & Forecast 2019-2030, (USD Million)
- Cloud-Based- Market Size & Forecast 2019-2030, (USD Million)

By Country

Indonesia
Vietnam
Malaysia
Singapore
Thailand
The Philippines
Rest of Southeast Asia.

Singapore is expected to witness significant growth in the Indoor Farming Market during 2024-30, owing to various aspects such as food shortages, rising temperatures, uneven land terrains, and unpredictable weather. Singapore is a small city-state with limited land resources. Since indoor farming allows for the most efficient use of space, it addresses the issue of the ratio of food required per square kilometer of land by producing sufficient food for most of the population.

As indicated in the latest market research report published by Markntel Advisors, “Southeast Asia Indoor Farming Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Southeast Asia Indoor Farming industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/southeast-asia-indoor-farming-market.html

Top Companies Operating in the Southeast Asia Indoor Farming Market:

Sky Green
Signify Holdings
Vana Farming
HAVVA Agrotech
Netafim
Orlar
Verti Veggies
Kalera
Ariane Tech
Upgrown Farming

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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