Urban Farming Market Size, Share and Forecast | Industry Trends & Demand Analysis Report 2022-2030
The urban farming market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Increasing adoption of enhanced production techniques and growing awareness regarding nutrition and health, education and food security are some key factors expected to drive market revenue growth over the forecast period. In addition, increasing demand for food products and high quality produce, growing urbanization, use of technology-driven agriculture and advanced agriculture strategies are some other key factors which can further contribute to market revenue growth.
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Urban farming, also known as urban agriculture, encompasses technique of growing or raising food in cities and city limits. Urban farming is carried out in urban areas with an aim of improving quality of life, along with improved food access and economic opportunities. Moreover, gaining profits proves to be a key differentiating factor between urban farming and other practices such as gardening, community gardening, or even homesteading. Urban farms are mini traditional farms used for cultivation, processing and distribution of crops and agricultural products in an urban setting. Urban farming is not limited to domestic properties and can also include various other techniques such as vertical production and farming, rooftop farms, warehouse and community farming, etc. Urban farming can also include raising livestock, aquaculture, agroforestry, and horticulture similar to country side farming or village farming and can be carried out on small orchards or confined spaces in any part of the city.
Urban farming not only eases access to high quality food but also engages community in the practice of growing food and on various other levels. It helps in development of green infrastructure and in the urban environment which also plays an important role in recycling of urban organic waste. However, high initial instalment costs can hamper revenue growth of the market to a certain extent over the forecast period. In addition, the market growth declined due to the logistic disruptions, lockdowns, unavailability of skilled workforce, and other issues associated with Covid-19 pandemic.
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