Overall production of fruits and vegetables is not keeping up with the world's nutritional requirements as population growth is exponential. Traditional farming practices are finding it impossible to meet this demand due to growing issues such as a lack of water, a lack of available land, and an aging farming population with declining enthusiasm from younger generations. Indoor farming has the potential to boost crop yields, circumvent land-use restrictions, and potentially lessen the environmental effect of agriculture by reducing supply-chain travel distances.
Lessened impact of outside weather, allowing indoor farming to continuously provide fresh food. Therefore, this factor propels the market growth. In addition, according to a research report by Astute Analytica, the Global Indoor Farming Market is likely to rise at a compound annual growth rate (CAGR) of 10.1% over the forecast period from 2023 to 2031.