Urban Farming Market Size is projected to reach USD 555.94 billion by 2028, growing at a CAGR of 5.20%

Market Analysis and Insights : Global Urban Farming Market

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.

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.

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Urban Farming Market Scope and Market Size

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.

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Competitive Landscape and Urban Farming Market Share Analysis

The urban farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to urban farming market.

The major players covered in the urban farming market report are UrbanFarmers, 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 among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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