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Urban Farming Market By Offerings (Input, Hardware, Software, Services), By Growth Type (Hydroponics, Aeroponics, Aquaponics), By Structure (Indoor, Outdoor), and by Region; Global Insights & Forecast (2024 – 2030)

Published: December, 2024  
|   Report ID: AG3515  
|   Agriculture and Agri Inputs

As per Intent Market Research, the Urban Farming Market was valued at USD 1.9 billion in 2023-e and will surpass USD 2.7 billion by 2030; growing at a CAGR of 4.2% during 2024 - 2030.

The urban farming movement is not just about growing food; it also addresses socio-economic issues, such as providing fresh produce in food deserts and enhancing community engagement. Furthermore, technological advancements in agriculture, such as hydroponics, aquaponics, and smart farming techniques, are revolutionizing urban food production. As urban areas continue to expand, urban farming is becoming an integral part of city planning, contributing to greener, healthier, and more resilient urban environments.Urban farming Market - intent market research

Rooftop Farming Segment is Largest Owing to Space Optimization

The rooftop farming segment is the largest within the urban farming market, primarily due to its ability to optimize limited urban space while providing fresh produce. Rooftop gardens utilize unused roof spaces in commercial and residential buildings, transforming them into productive areas for growing vegetables, herbs, and fruits. This segment has gained popularity as urban dwellers seek sustainable solutions to food sourcing, contributing to a reduction in transportation emissions and promoting local food systems.

Moreover, rooftop farming enhances urban aesthetics and provides environmental benefits, such as improved air quality and reduced urban heat island effects. With growing awareness of the benefits of green roofs, cities are increasingly encouraging the establishment of rooftop farms through incentives and policies. This segment's success can be attributed to its dual function of food production and environmental enhancement, positioning it as a cornerstone of the urban farming movement.

Vertical Farming Segment is Fastest Growing Owing to Technological Innovations

The vertical farming segment is the fastest-growing area in the urban farming market, driven by technological innovations that enhance efficiency and productivity. Vertical farms utilize stacked layers of crops grown in controlled environments, allowing for year-round production regardless of external weather conditions. The integration of advanced technologies, such as LED lighting, hydroponics, and automated systems, enables vertical farms to maximize yields while minimizing resource usage.

This growth is fueled by the increasing urban population and the need for sustainable food production methods. Vertical farming not only conserves space but also uses up to 90% less water than traditional farming methods, making it an attractive solution in water-scarce regions. As urban consumers increasingly demand fresh, pesticide-free produce, vertical farming is emerging as a viable and sustainable alternative, expected to see substantial investment and expansion in the coming years.

Community Gardens Segment is Largest Owing to Local Engagement

The community gardens segment stands out as the largest within the urban farming market due to its focus on local engagement and community building. Community gardens provide urban residents with the opportunity to grow their own food, fostering a sense of ownership and connection to the land. These gardens not only serve as sources of fresh produce but also promote social interaction and collaboration among neighbors, enhancing community cohesion.

Community gardens are often supported by local governments and organizations, which recognize their potential to address food insecurity and promote healthy eating habits. The popularity of these gardens is further bolstered by educational initiatives that teach urban dwellers about sustainable gardening practices and the benefits of consuming locally grown food. As cities strive to enhance urban livability and sustainability, community gardens are expected to play a crucial role in shaping urban landscapes and fostering healthy communities.

North America Region is Largest Owing to Infrastructure and Innovation

The North America region is currently the largest market for urban farming, driven by robust infrastructure and a culture of innovation in agricultural practices. Cities like New York, San Francisco, and Toronto have embraced urban farming initiatives, supported by government policies and community organizations promoting local food production. The region's strong emphasis on sustainability and environmental stewardship further contributes to the growth of urban farming.

In North America, there is a growing recognition of the importance of food systems that are resilient to climate change and capable of meeting the nutritional needs of urban populations. As urban agriculture continues to gain momentum, investment in research and development is expected to drive technological advancements, leading to more efficient farming practices. The combination of consumer demand for fresh produce and a supportive regulatory environment positions North America as a key player in the global urban farming market.

Competitive Landscape of Leading Companies

The competitive landscape of the urban farming market features several prominent companies focused on innovation and sustainable agricultural practices. Leading companies in this space include:

  1. AeroFarms: A pioneer in vertical farming, AeroFarms uses aeroponic technology to grow crops in a controlled environment, significantly reducing resource consumption.
  2. Plenty: Known for its advanced indoor vertical farming systems, Plenty utilizes cutting-edge technology to produce a variety of leafy greens sustainably.
  3. Bowery Farming: Bowery Farming focuses on indoor farming with a data-driven approach, ensuring consistent crop quality and resource efficiency.
  4. Green Spirit Farms: Green Spirit Farms specializes in vertical farming solutions, providing fresh produce to urban markets with minimal environmental impact.
  5. Urban Roots: Urban Roots combines community engagement with urban farming, creating educational programs and opportunities for residents to grow their own food.
  6. Farm.One: Farm.One operates indoor vertical farms in urban settings, growing specialty herbs and microgreens for local restaurants and consumers.
  7. Gotham Greens: Gotham Greens focuses on greenhouse farming, providing fresh produce to urban areas while promoting sustainable practices.
  8. Square Roots: Square Roots combines technology and community engagement to operate vertical farms in urban settings, supporting local food systems.
  9. Infarm: Infarm is known for its modular farming solutions that enable grocery stores and restaurants to grow fresh produce on-site.
  10. Freight Farms: Freight Farms offers container-based farming systems that enable urban farming in any location, regardless of space constraints.

These companies are leveraging innovative technologies and sustainable practices to revolutionize urban agriculture. Collaboration with local governments, educational institutions, and community organizations is common, as they seek to create resilient food systems that can thrive in urban environments. As the demand for locally sourced food continues to rise, these leading companies are well-positioned to drive growth and innovation within the urban farming market.

Report Objectives

The report will help you answer some of the most critical questions in the Urban Farming Market. A few of them are as follows:

  1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
  2. What are the prevailing technology trends in the Urban Farming Market?
  3. What is the size of the Urban Farming Market based on segments, sub-segments, and regions?
  4. What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa?
  5. What are the market opportunities for stakeholders after analysing key market trends?
  6. Who are the leading market players and what are their market share and core competencies?
  7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
  8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope:

Report Features

Description

Market Size (2023-e)

USD 1.9 billion

Forecasted Value (2030)

USD 2.7 billion

CAGR (2024-2030)

4.2%

Base Year for Estimation

2023-e

Historic Year

2022

Forecast Period

2024-2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Urban Farming Market By Offerings (Input, Hardware, Software, Services), By Growth Type (Hydroponics, Aeroponics, Aquaponics), By Structure (Indoor, Outdoor)

Regional Analysis

North America (US, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Rest Of Europe), Asia Pacific (China, Japan, India, Singapore, South Korea, Rest of Asia Pacific), Latin America (Brazil, Argentina, & Rest of Latin America), Middle East & Africa (UAE, South Africa, Rest of MEA)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1.Introduction

1.1.Market Definition

1.2.Scope of the Study

1.3.Research Assumptions

1.4.Study Limitations

2.Research Methodology

2.1.Research Approach

2.1.1.Top-Down Method

2.1.2.Bottom-Up Method

2.1.3.Factor Impact Analysis

2.2.Insights & Data Collection Process

2.2.1.Secondary Research

2.2.2.Primary Research

2.3.Data Mining Process

2.3.1.Data Analysis

2.3.2.Data Validation and Revalidation

2.3.3.Data Triangulation

3.Executive Summary

3.1.Major Markets & Segments

3.2.Highest Growing Regions and Respective Countries

3.3.Impact of Growth Drivers & Inhibitors

3.4.Regulatory Overview by Country 

4.Urban Farming Market, by Offerings (Market Size & Forecast: USD Billion, 2024 – 2030)

4.1.Input

4.1.1.Fertilizers and Manure

4.1.2.Crop Protection Chemicals

4.1.3.Growing Media

4.1.4.Others

4.2.Hardware

4.2.1.Lighting System

4.2.2.Irrigation and Fertigation System

4.2.3.Building Material

4.2.4.Sensors

4.2.5.Climate Control

4.2.6.Others

4.3.Software

4.4.Services

5.Urban Farming Market, by Growth Type (Market Size & Forecast: USD Billion, 2024 – 2030)

5.1.Hydroponics

5.2.Aeroponics

5.3.Aquaponics

5.4.Other

6.Urban Farming Market, by Structure (Market Size & Forecast: USD Billion, 2024 – 2030)

6.1.Indoor

6.2.Outdoor

7.Regional Analysis (Market Size & Forecast: USD Billion, 2024 – 2030)

7.1.Regional Overview

7.2.North America

7.2.1.Regional Trends & Growth Drivers

7.2.2.Barriers & Challenges

7.2.3.Opportunities

7.2.4.Factor Impact Analysis

7.2.5.Technology Trends

7.2.6.North America Urban Farming Market, by Offerings

7.2.7.North America Urban Farming Market, by Growth Type

7.2.8.North America Urban Farming Market, by Structure

               *Similar Segmentation will be provided at each regional level

7.3.By Country

7.3.1.US

7.3.1.1.US Urban Farming Market, by Offerings

7.3.1.2.US Urban Farming Market, by Growth Type

7.3.1.3.US Urban Farming Market, by Structure

7.3.2.Canada

7.3.1.Mexico

                        *Similar Segmentation will be provided at each country level

7.4.Europe

7.5.APAC

7.6.Latin America

7.7.Middle East & Africa

8.   Competitive Landscape

8.1.Overview of the Key Players

8.2.Competitive Ecosystem

8.2.1.Platform Manufacturers

8.2.2.Subsystem Manufacturers

8.2.3.Service Providers

8.3.Company Share Analysis

8.4.Company Benchmarking Matrix

8.4.1.Strategic Overview

8.4.2.Product Innovations

8.5.Start-up Ecosystem

8.6.Strategic Competitive Insights/ Customer Imperatives

8.7.ESG Matrix/ Sustainability Matrix

8.8.Manufacturing Network

8.8.1.Locations

8.8.2.Supply Chain and Logistics

8.8.3.Product Flexibility/Customization

8.8.4.Digital Transformation and Connectivity

8.8.5.Environmental and Regulatory Compliance

8.9.Technology Readiness Level Matrix

8.10.Technology Maturity Curve

8.11.Buying Criteria

9.Company Profiles

9.1.Advanced Nutrients

9.1.1.Company Overview

9.1.2.Company Financials

9.1.3.Product/Service Portfolio

9.1.4.Recent Developments

9.1.5.IMR Analysis

*Similar information will be provided for other companies 

9.2.ams-OSRAMc

9.3.Argus Control Systems

9.4.BrightFarms

9.5.CubicFarm Systems

9.6.Dream Harvest

9.7.Eden Green Technology

9.8.Farm.One, Inc.

9.9.Freight Farms, Inc.

9.10.Gotham Greens

10.Appendix

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A comprehensive market research approach was employed to gather and analyse data on the Urban Farming Market. In the process, the analysis was also done to estimate the parent market and relevant adjacencies to measure the impact of them on the urban farming market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Urban Farming Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the urban farming ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Estimation

A combination of top-down and bottom-up approaches was utilized to estimate the overall size of the urban farming market. These methods were also employed to estimate the size of various subsegments within the market. The market size estimation methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Urban Farming Market

Data Triangulation

To ensure the accuracy and reliability of the market size estimates, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size estimates.

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