Urban Farming Market to Observe Utmost Growth of USD 555.94
Latest released Global Urban Farming Market Research Report provides detailed assessment of Key and emerging players showcasing company profiles, product/service offerings, market price, and sales revenue to better derive market size estimation. This global Urban Farming market report is generated by a team of multilingual researchers who are skilled at different languages and hence perform market research internationally. Clients can experience a nice combination of best industry insight, practical solutions, talent solutions and latest technology while utilizing or applying this Urban Farming report for the business growth. Transparency in research method and use of excellent tools and techniques makes this Urban Farming market research report an outstanding. Even this Urban Farming report is all-inclusive of the data which includes market definition, classifications, applications, engagements, market drivers and market restraints that are derived from Porter’s Five Forces analysis.
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Market Analysis and Size :
The urban farming market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.20% in the forecast period of 2021 to 2028 and is expected to reach USD 555.94 billion by 2028. The rise in demand for high class food with no pesticide or herbicides is the factors escalating the growth of urban farming market.In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Urban farming refers to indoor and outdoor plant cultivation, processing of the output products and their distribution around the city among local inhabitants. This agricultural approach offers numerous benefits including food security for low income groups, increased access to fresh fruit and vegetables, employment and training opportunities and decreased environmental impacts due to less packaging and storage and transport. This practice assists in enhancing urban food security, urban resilience and meeting climate changes.
The rapid urbanization across the globe and the rise in popularity of urban farming due to supply of fresh nutritious products at competitive prices and lower transportation cost are the major factors driving the urban farming market. The growth in adoption of urban farming because of the several offered benefits such as food security and transparency, urban sustainability, health and nutrition factors and education and the surging demand for locally grown food products among population accelerate the urban farming market growth. The increasing rate of urban agriculture projects as it creates job openings, generates income, stimulates the local economy and helps smalls businesses grow and growing adoption of organic food due to the prevalence of chronic diseases act as factors influencing the urban farming market. The rising demand for high quality fresh food cultivated with no chemical usage, depletion of groundwater and the increase in need to produce vegetables and fruits in narrow spaces also propel the urban farming market. Additionally, the affordability of fresh food, more productivity compared to conventional farming and growing investment in these projects positively affect the urban farming market. Furthermore, the provision of green infrastructure, sustainability, incorporation in the metropolitan cities plans and technological advancement and innovations extend profitable opportunities to the urban farming market players in the forecast period of 2021 to 2028.
On the other hand, high initial cost and limitation on the range of crops are factors expected to obstruct the urban farming market growth. Space and pollution are projected to challenge the urban farming market in the forecast period of 2021-2028.
Some of the key Players profiled in the Global Urban Farming Market : rbanFarmers, Urban Crop Solutions, SproutsIO, Sky Greens, Koninklijke Philips N.V., FarmVisionAI, GrowUp Farms Ltd., Green Sense Farms Holdings, Inc., Gotham Greens, GARDEN FRESH FARMS, EVERLIGHT ELECTRONICS CO., LTD., Upward Farms, Brooklyn Grange farms, BrightFarms, AMHYDRO, Agrilution, Freight Farms, Inc., AeroFarms, Altius Farms
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Answers That the Report Acknowledges:
Market size and growth rate during forecast period
Key factors driving the “Urban Farming Market” market
Key market trends cracking up the growth of the “Urban Farming Market” market
Challenges to market growth
Key vendors of “Urban Farming” market
Detailed SWOT analysis
Opportunities and threats faces by the existing vendors in Global “Urban Farming Market” market
Trending factors influencing the market in the geographical regions
Strategic initiatives focusing the leading vendors
PEST analysis of the market in the five major regions
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Key Market Segments :
The urban farming market is segmented on the basis of farm type, growing medium, farming and crop type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of farm type, the urban farming market is segmented into commercial, community, home gardens, corporate and others. Commercial is further segmented into field, closed environment and others.
On the basis of growing medium, the urban farming market is segmented into hydroponics, aquaponics and aeroponics.
On the basis of farming, the urban farming market is segmented into indoor farming and outdoor farming.
On the basis of crop type, the urban farming market is segmented into food crops and non-food crops. Food crops are further segmented into cereals and grains, vegetables, fruits and others. Non-food crops are further segmented into aromatic herbs, medicinal herbs, ornamental plants and others.
Key Benefits of the Report:
This study presents the analytical depiction of the global Urban Farming industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Urban Farming market share.
The current market is quantitatively analyzed from 2022 to 2029 to highlight the global Urban Farming market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global Urban Farming market analysis based on competitive intensity and how the competition will take shape in coming years.
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