Southeast Asia Indoor Farming Market Size & Share

Southeast Asia Indoor Farming Market Research Report: Forecast (2024-2030)

Southeast Asia Indoor Farming Market Report - By Facility (Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems), By Type (Aeroponics, Hydroponics, Aquaponics, Vertic... ... , Aquaponics, Vertical Farming), By Crop, (Fruits, [Vegetables, Leafy Greens, Other Vegetables (Eggplant, Tomato, Bell Peppers, Chilies, etc.)], Herbs and Microgreens, Flowers and Ornamentals), By Component (Hardware, [Climate Control Systems, Lightening Systems, Sensors, Irrigation Systems], Software, [Web-Based, Cloud-Based]), Read more

Environment
Jan 2024
Pages 144
Report Format: PDF, Excel, PPT

Market Definition

Indoor farming is a technology that produces crops by creating an artificial environment inside a closed facility with the help of technologies such as LED lighting, irrigation systems, and other climate control technologies. It takes less area than conventional farming techniques to cultivate plants and is thus highly prevalent in Southeast Asia due to the limited availability of arable land in the region.

Market Insights & Analysis: Southeast Asia Indoor Farming Market (2024-30)

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.

Thus, the national governments in the region have been supporting the development of indoor farms by providing tax benefits and other initiatives, which are anticipated to fuel market expansion in the forthcoming years. For instance, in 2021, the government of Singapore established a fund of approximately USD 45 million to increase the adoption of advanced technologies such as AI and ML in the agriculture industry. These technologies can analyze large data sets for soil conditions and weather patterns, which helps indoor farmers optimize their operations. These initiatives are expected to boost the adoption of indoor farming techniques in the region.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	7.20%
Country Covered	Indonesia, Vietnam, Malaysia, Singapore, Thailand, The Philippines, Rest of Southeast Asia
Key Companies Profiled	Sky Green, Signify Holdings, Vana Farming, HAVVA Agrotech, Netafim, Orlar, Verti Veggies, Kalera, Ariane Tech, Upgrown Farming, and others
Market Denominations	USD Million/Billion

Moreover, indoor farming could be a potential solution for the declining arable land in Southeast Asia, as it can produce more food per square unit compared to conventional farming methods. The mounting demand for high-value crops like specialty herbs & vegetables is also boding well for the growth of the indoor farming market, as these crops can be better grown in a controlled environment, thereby attaining high productivity levels to cater to the evolving consumer demand in the region.

Furthermore, the demand for high-value crops like specialty herbs and vegetables is further fueling market growth in the region. Specialty crops can be better grown in a controlled environment via indoor farming as compared to traditional farming methods. Thus, the desire to attain high productivity levels and meet the rising demand for these crops in the region is further expected to enhance market growth in the forthcoming years.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Southeast Asia Indoor Farming Market Supply Chain Analysis
Southeast Asia Agriculture Industry Outlook, 2022-2023
1. Current Scenario
  1. Total Cultivable Land (Hectares), By Country
  2. Total Production, By Country
    1. Fruits & Vegetables
    2. Pulses & Grains
    3. Others (Herbs, flowers, etc.)
  3. Renewable Energy Usage in Agriculture Sector
  4. Agriculture Free Trade Agreements, By Country
2. Government Initiatives, By Country
  1. Thailand
  2. Singapore
  3. Malaysia
  4. Vietnam
  5. Indonesia
  6. The Philippines
  7. Rest of Southeast Asia
3. Others
Southeast Asia Indoor Farming Market Startup Ecosystem
1. Entrepreneurial Activity
2. Year-on-Year Funding Received
3. Funding Received by Top Companies
4. Key Investors Active in the Market
5. Series Wise Funding Received
  1. Seed Funding
  2. Angel Investing
  3. Venture Capital Funding
  4. Others
Southeast Asia Indoor Farming Market Trends & Developments
Southeast Asia Indoor Farming Market Dynamics
1. Drivers
2. Challenges
Southeast Asia Indoor Farming Market Regulations and Policy
Southeast Asia Indoor Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Facility
    1. Greenhouses- Market Size & Forecast 2019-2030, (USD Million)
    2. Indoor Vertical Farms- Market Size & Forecast 2019-2030, (USD Million)
    3. Container Farms- Market Size & Forecast 2019-2030, (USD Million)
    4. Indoor Deep Water Culture Systems - Market Size & Forecast 2019-2030, (USD Million)
  2. By Type
    1. Aeroponics- Market Size & Forecast 2019-2030, (USD Million)
    2. Hydroponics- Market Size & Forecast 2019-2030, (USD Million)
    3. Aquaponics- Market Size & Forecast 2019-2030, (USD Million)
    4. Vertical Farming- Market Size & Forecast 2019-2030, (USD Million)
  3. By Crop
    1. Fruits - Market Size & Forecast 2019-2030, (USD Million)
    2. Vegetables- Market Size & Forecast 2019-2030, (USD Million)
      1. Leafy Greens- Market Size & Forecast 2019-2030, (USD Million)
      2. Other Vegetables (Eggplant, Tomato, Bell Peppers, Chilies, etc.) - Market Size & Forecast 2019-2030, (USD Million)
    3. Herbs and Microgreens- Market Size & Forecast 2019-2030, (USD Million)
    4. Flowers and Ornamentals- Market Size & Forecast 2019-2030, (USD Million)
  4. By Component
    1. Hardware- Market Size & Forecast 2019-2030, (USD Million)
      1. Climate Control Systems- Market Size & Forecast 2019-2030, (USD Million)
      2. Lightening Systems- Market Size & Forecast 2019-2030, (USD Million)
      3. Sensors- Market Size & Forecast 2019-2030, (USD Million)
      4. Irrigation Systems - Market Size & Forecast 2019-2030, (USD Million)
    2. Software- Market Size & Forecast 2019-2030, (USD Million)
      1. Web-Based-Market Size & Forecast 2019-2030, (USD Million)
      2. Cloud-Based- Market Size & Forecast 2019-2030, (USD Million)
  5. By Country
    1. Indonesia
    2. Vietnam
    3. Malaysia
    4. Singapore
    5. Thailand
    6. The Philippines
    7. Rest of Southeast Asia
  6. By Company
    1. Market Share
    2. Competition Characteristics
Indonesia Indoor Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Facility - Market Size & Forecast 2019-2030, (USD Million)
  2. By Type - Market Size & Forecast 2019-2030, (USD Million)
  3. By Crop - Market Size & Forecast 2019-2030, (USD Million)
  4. By-Component- Market Size & Forecast 2019-2030, (USD Million)
Vietnam Indoor Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Facility - Market Size & Forecast 2019-2030, (USD Million)
  2. By Type - Market Size & Forecast 2019-2030, (USD Million)
  3. By Crop - Market Size & Forecast 2019-2030, (USD Million)
  4. By-Component- Market Size & Forecast 2019-2030, (USD Million)
Malaysia Indoor Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Facility - Market Size & Forecast 2019-2030, (USD Million)
  2. By Type - Market Size & Forecast 2019-2030, (USD Million)
  3. By Crop - Market Size & Forecast 2019-2030, (USD Million)
  4. By-Component- Market Size & Forecast 2019-2030, (USD Million)
Singapore Indoor Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Facility - Market Size & Forecast 2019-2030, (USD Million)
  2. By Type - Market Size & Forecast 2019-2030, (USD Million)
  3. By Crop - Market Size & Forecast 2019-2030, (USD Million)
  4. By-Component- Market Size & Forecast 2019-2030, (USD Million)
Thailand Indoor Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Facility - Market Size & Forecast 2019-2030, (USD Million)
  2. By Type - Market Size & Forecast 2019-2030, (USD Million)
  3. By Crop - Market Size & Forecast 2019-2030, (USD Million)
  4. By-Component- Market Size & Forecast 2019-2030, (USD Million)
The Philippines Indoor Farming Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Facility - Market Size & Forecast 2019-2030, (USD Million)
  2. By Type - Market Size & Forecast 2019-2030, (USD Million)
  3. By Crop - Market Size & Forecast 2019-2030, (USD Million)
  4. By-Component- Market Size & Forecast 2019-2030, (USD Million)
Competitive Outlook
1. Company Profiles
  1. Sky Green
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Signify Holdings
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Vana Farming
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. HAVVA Agrotech
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Netafim
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Orlar
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Verti Veggies
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Kalera
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Ariane Tech
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Upgrown Farming
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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