South America Indoor Farming Market Research Report, 2027

South America Indoor Farming Market is projected to have a market size of more than USD 1500 Million by 2027. Brazil will lead the market during the forecast period.

Featured Companies

  • 1. Netafim Limited
  • 2. Heliospectra AB
  • 3. AeroFarms
  • 4. Signify Holding
  • 5. OSRAM GmbH.
  • 6. Crop One Holdings
  • More...

Major food futurists and industry leaders across the globe state that high-tech indoor farming operations are the future of the agriculture industry. Indoor farming is able to operate everywhere, virtually invincible against pests and poor weather, and produce local, fresh, high-quality, low-carbon food year-round. The principal benefit of indoor farming regarding the land is the fact that no soil is used with a lower amount of water. This approach to food production has several positive consequences for land use as well as the environment. As for South America, growing demand for indoor farming in highly populated urban countries, AI-controlled farms, and thriving demand for locally grown products are the major driving forces. In addition to that, the market is projected to expand as the customer demand for organic food is complemented by rising disposable incomes and an accelerating population. However, South America is anticipated to grow at a moderate growth rate during the forecast period owing to a lack of awareness about indoor and vertical farming across the region although the vast majority of the farmland is still available in South America, resulting in the expansion of local and national crop production economies. According to the report titled "South America Indoor Farming Market Research Report, 2027", published by Actual Market Research, the indoor farming market is projected to have a market size of more than USD 1500 million during the forecast period. Despite being widely used in agriculture, indoor farming is virtually unknown in South America. Many market players and industry leaders are trying to change this scenario by bringing their expertise and experience into the market. For instance, in 2018, Bunster and Sjogren launched AgroUrbana, which is believed to be South America’s first indoor large-scale farm. Since then, the momentum has increased and recently, AgroUrbana crossed USD 4 million in series A funding with the aim of implanting indoor farming production across the region. The company currently operates a 3000 square foot climate-controlled pilot facility in Santiago that grows lettuce varieties using hydroponics and artificial lighting systems. The South American indoor vertical market is segmented into three prominent countries, including Brazil, Argentina, and Colombia. Among these countries, Brazil is estimated to lead the market during the forecast period.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

When it comes to Brazilian indoor farms, Brazil is majorly known for its pink farms. Pink Farms indoor farms produce up to 100 times more than open fields due to the level of multilevel structures with no air exchange with the external environment with temperature, humidity, and air quality controls. This farm also indicates a reduction in water consumption of up to 95% and a fertilizer usage reduction of 50%. In parallel, through the R&D sector of the company, it seeks to increase its portfolio with products such as strawberries and tomatoes, among others. According to the report, South America's indoor vertical market is segmented into three facility types, including vertical fam, indoor greenhouse, DWC, and ETC. Among these segments, the indoor greenhouse segment is projected to occupy more than 50% of the market by 2027 owing to growing adoption across the region. According to the report, South America's indoor farming market is segmented into five growth mechanism types, including hydroponics, aeropoics, aquapoics, soil-based, and hybrid. Among these types, the soil-based indoor farming segment occupied more than 40% of the market share by 2027. However, increasing adoption of hydroponics growth mechanisms has fuelled the overall market during the forecast period. However, based on component types, the hardware segment is projected to dominate the market with more than 70% of the market share. Further, based on crop types, the market is segregated into three types: fruits, vegetables, and herbs; flowers and ornamentals; and other crops. The fruits, vegetables, and herbs segment is projected to have more than a 55% market share. On the other hand, increasing diverse applications for the flower and ornamental segment is anticipated to boost the market growth for indoor farming. Covid-19 impact: The COVID-19 pandemic has severely impacted the South American region. Brazil had the highest number of COVID-19 confirmed cases, followed by other countries, such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in South America imposed several initiatives to protect people and to control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures had a direct impact on the region’s economic growth as the region would face lower export revenues, both from the drop in commodity prices and the reduction in export volumes. However, a change in consumer preference for healthy and organic foods has positively impacted the market. Also, due to the work from home scenario, a major population has adopted farming as a hobby, which is expected to drive the higher market growth.

Make this report your own

We're excited to discuss your needs and our solutions. Let's schedule a call.

Kripa Shah

Kripa Shah

Senior Analyst

Major Companies present in the market: Netafim, Everlight Electronics Co., Ltd., AeroFarms, Signify Holding, Heliospectra AB, OSRAM GmbH., Crop One Holdings, Agrourbana Considered in this report • Geography: South America • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • South America Indoor Farming Market with its value and forecast along with its segments • Country wise Indoor Farming market analysis • Application wise Indoor Farming distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Kripa Shah

Countries covered in the report • Brazil • Argentina • Colombia Based on type of growth mechanism in the report: • Hydroponics • Aeroponics • Aquaponics • Soil-based • Hybrid Based on facility type of indoor farming in the report: • Vertical Farms • Indoor Greenhouses • Others Based on component type of indoor farming in the report: • Hardware (Lighting, Climate control, Sensors & Others) • Software & Services Based on Crop type in the report: • Fruits, vegetable & herbs • Flowers & ornamentals • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, food & beverage industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Netafim Limited
  • Heliospectra AB
  • AeroFarms
  • Signify Holding
  • OSRAM GmbH.
  • Crop One Holdings
  • Everlight Electronics co. Ltd
  • Agrourbana

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Indoor Farming Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Growth Mechanism
  • 5.2.5. By Facility Type
  • 5.2.6. By Component
  • 5.2.7. By Hardware Component Type
  • 5.2.8. By Crop Type
  • 5.2.9. By Crop Product
  • 6. South America Indoor Farming Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Growth Mechanism
  • 6.2.3. By Facility Type
  • 6.2.4. By Component
  • 6.2.5. By Hardware Component Type
  • 6.2.6. By Crop Type
  • 6.3. Brazil Indoor Farming Market Outlook
  • 6.3.1. Market Size By Value
  • 6.3.2. Market Share
  • 6.3.2.1. By Growth Mechanism
  • 6.3.2.2. By Facility Type
  • 6.4. Argentina Indoor Farming Market Outlook
  • 6.4.1. Market Size By Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Growth Mechanism
  • 6.4.2.2. By Facility Type
  • 6.5. Colombia Indoor Farming Market Outlook
  • 6.5.1. Market Size By Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Growth Mechanism
  • 6.5.2.2. By Facility Type
  • 7. Market Dynamics
  • 7.1. Market Drivers
  • 7.2. Market Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXXXX
  • 8.2. XXXXXX
  • 8.3. XXXXXX
  • 9. Company Profiles
  • 9.1. Netafim Limited
  • 9.2. Everlight Electronics Co., Limited
  • 9.3. AeroFarms
  • 9.4. Signify Holding
  • 9.5. Heliospectra AB
  • 9.6. OSRAM GmbH
  • 9.7. Crop One Holdings
  • 9.8. Agrourbana
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Indoor Farming Market Share By Region (2016, 2021&2027F)
Table 5: Global Indoor Farming Market Share By Country (2016, 2021&2027F)
Table 6: Global Indoor Farming Market ShareBy CompanyBy Value(2020)
Table 7: Global Indoor Farming Market Share By Crop Product By Value (2016-2021&2022-2027F)
Table 8: South America Indoor Farming Market Share By Country (2016, 2021&2027F)
Table 9: Key Facts of Netafim Limited
Table 10: Key Facts of Everlight Electronics Co., Limited
Table 11: Key Facts of AeroFarms
Table 12: Key Facts of Signify Holding
Table 13: Key Facts of Heliospectra AB
Table 14: Key Facts of OSRAM GmbH
Table 15: Key Facts of Crop One Holdings
Table 16: Key Facts of Agrourbana

List of Figures
Figure 1: Global Indoor Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 2: Global Indoor Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 3: Global Indoor Farming Market Share By Facility Type (2016, 2021&2027F)
Figure 4: Global Indoor Farming Market Share By Component(2016, 2021&2027F)
Figure 5: Global Indoor Farming Market Share By Hardware Component Type (2016, 2021&2027F)
Figure 6: Global Indoor Farming Market Share By Crop Type (2016, 2021&2027F)
Figure 7: South America Indoor Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 8: South America Indoor Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 9: South America Indoor Farming Market Share By Facility Type (2016, 2021&2027F)
Figure 10: South America Indoor Farming Market Share By Component (2016, 2021&2027F)
Figure 11: South America Indoor Farming Market Share By Hardware Component Type (2016, 2021&2027F)
Figure 12: South America Indoor Farming Market Share By Crop Type (2016, 2021&2027F)
Figure 13: Brazil Indoor Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 14: Brazil Indoor Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 15: Brazil Indoor Farming Market Share By Facility Type (2016, 2021&2027F)
Figure 16:Argentina Indoor Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 17: Argentina Indoor Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 18: Argentina Indoor Farming Market Share By Facility Type (2016, 2021&2027F)
Figure 19: Colombia Indoor Farming Market Size By Value 2016 to 2027F (In USD Million)
Figure 20: Colombia Indoor Farming Market Share By Growth Mechanism (2016, 2021&2027F)
Figure 21: Colombia Indoor Farming Market Share By Facility Type (2016, 2021&2027F)
Figure 22: Market Attractiveness Index, 2021
Figure 23: Market Attractiveness Index, 2027F
Logo

South America Indoor Farming Market Research Report, 2027

Contact usWe are friendly and approachable, give us a call.