Smart Indoor Gardening System Market, By System Type (LED Grow Lights, Automated Watering Systems, Nutrient Delivery Systems, and Environmental Monitoring Systems), By Growing Type (Hydroponics, Aeroponics, Aquaponics, and Soil-based), By End-use (Residential and Commercial), By Distribution Channel (Online and Offline), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI6715

Pages :164

Formats :

Excel and PDF

Industry : Smart Technologies

Market Concentration and Competitive Landscape

Smart Indoor Gardening System Market Concentration By Players

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Growing Demand for Organic Food

The demand for organic and fresh produce has been steadily increasing over the past decade owing to rising health consciousness among consumers. People are increasingly preferring foods that are grown without the use of pesticides and chemical fertilizers. At the same time, traditional gardening requires large outdoor spaces which are not available to many urban dwelling consumers. This has driven the growth of indoor gardening systems that enable people to grow vegetables, herbs, and other plants inside their homes irrespective of the space availability.

Smart indoor gardening systems take indoor gardening to the next level by automating several processes through the use of advanced technologies like hydroponics and controlled environment agriculture. These systems come with features such as self-watering, automatic temperature, and humidity control, LED lighting optimized for plant growth, etc., allowing users to garden indoors with minimum effort. Such automated systems are well-suited for beginners and busy urban lifestyles as they eliminate many of the challenges associated with traditional gardening like the requirement of daily watering and monitoring of temperature and lighting conditions.

According to statistics from the Food and Agriculture Organization, the global sales of organic foods increased by 72% from 2014 to 2019 reaching USD 120 billion. The COVID-19 pandemic has further accelerated this demand as more people strived for healthy and nutritious home-cooked meals. The pandemic also highlighted the importance of food security and organic local production. With urban populations expected to rise, indoor gardening is poised to become an increasingly important way for urban dwellers to grow their own greens. Smart indoor gardening systems address many of the concerns of urban gardening like space, access to sunlight and garden maintenance, making them an ideal solution to the rising demand for organic produce. The market is expected to witness robust growth over the coming years as both the appetite for organic foods as well as indoor gardening increases globally.

Key Players Insights