The effect of artificial lighting with different light spectra and photoperiods/daily light integrals (DLIs) on the yield, bioactive compounds and antioxidant capacity of the common ice plant (Mesembryanthemum crystallinum) was studied. Four-week-old seedlings were selected and subjected to four different light spectra made up of different combinations of blue (400–500 nm), green (500–600 nm) and red light (600–700 nm), with a total photosynthetic photon flux density (PPFD) of 180 µmol.m−2.s−1. Concurrently, the effect of the daily light integral (DLI) was also studied, with the light treatment photoperiod set at 18 h and 21 h. Biometric parameters such as fresh mass weight, leaf area, leaf width, and dry mass, together with plant metabolite contents such as total antioxidant capacity (TAC), vitamin C, chlorophyll a and b content, and total carotenoids and nitrates, were investigated. It was found that the plants grew better when exposed to light with a higher proportion of the red and blue spectrum, with the highest fresh mass of 68 g observed at a photoperiod of 18 h. On the other hand, green spectrum light was not found to yield any significant improvement in shoot weight, leaf area, or leaf size. It was also found that dry mass, chlorophyll b and nitrates were not influenced by the light spectrum but were influenced by the photoperiod duration. While both the dry mass and nitrate content increase as the photoperiod increases, a longer photoperiod had a negative effect on chlorophyll a, chlorophyll b and total carotenoids, with their content decreasing by as much 29% for chlorophyll a, 59% for chlorophyll b and 29% for total carotenoids. TAC content was seen to increase by more than 24% under the influence of 66% more green light, and 38% more under the 21 h photoperiod.