Urban Farming Market Size, Share, Growth, and Industry Analysis, By Type (Food, Non-food Crops), By Application (Commercial, Community, Home Gardens, Corporate, Others), and Regional Forecast to 2032

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URBAN FARMING MARKET OVERVIEW

The Urban Farming Market size was USD 139064.22 Million in 2023 and is projected to reach USD 275149.14 Million by 2032, exhibiting a CAGR of 7.88% during the forecast period 2024-2032.

The Urban Farming Market has built up some decent momentum over ongoing years, driven by the rising attention to economical farming practices and the rising interest for privately obtained food. Urban farming envelops different practices, for example, roof gardens, vertical farming, and aqua-farming, which permit city tenants to develop their own food in restricted spaces. This trend has added to food security as well as supported local area commitment and natural stewardship, as urban homesteads frequently advance biodiversity and lessen the carbon impression related with food transportation.

Notwithstanding sustainability, the Urban Farming Market is affected by mechanical headways that work with productive farming practices in urban conditions. Developments like savvy sensors, mechanized water system frameworks, and high-level developing strategies have made it simpler for urban ranchers to expand yields and limit asset use. As urban communities keep on developing, the requirement for practical food creation arrangements will probably heighten, further driving market extension. The urban farming development addresses a huge shift towards independence and versatility inside urban populaces, lining up with more extensive trends in wellbeing, health, and ecological cognizance.

GLOBAL CRISES IMPACTING URBAN FARMING MARKET - COVID-19 IMPACT

"urban farming Industry Had a Negative Effect Due to Limitations Disturbing Food Conveyance during COVID-19 Pandemic"

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The Coronavirus pandemic significantly affects the Urban Farming Market, as it features weaknesses in worldwide food supply chains. With lockdowns and limitations disturbing food conveyance, numerous urban inhabitants went to nearby farming as a way to guarantee admittance to new delivery. This flood in interest provoked an ascent in urban planting drives and local area upheld farming projects, exhibiting the worth of confidence in food creation. Furthermore, the pandemic has sped up the reception of computerized apparatuses for urban farming, for example, internet business stages that associate purchasers straightforwardly with neighborhood ranchers.

LATEST TREND

"Coordination Of Innovation to Drive Market Growth"

A remarkable trend in the Urban Farming Market is the coordination of innovation, especially in vertical and tank-farming farming frameworks. These high-level farming procedures empower urban ranchers to streamline space and assets while expanding crop yields. Besides, there is a developing spotlight on supportable practices, with numerous urban farms embracing natural and eco-accommodating developing techniques. This trend isn't simply interesting to naturally cognizant buyers yet in addition lines up with worldwide sustainability objectives, prompting an expansion in speculation and interest in urban farming projects across different urban areas.

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URBAN FARMING MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Food, Non-food Crops.

• Food: Food crops overwhelm the Urban Farming Market, as urban occupants progressively try to develop new natural products, vegetables, and spices to improve their eating regimens. This kind of urban farming tends to the interest for privately obtained, natural produce, advancing better dietary trends.

• Non-food Crops: Non-food crops, including elaborate plants and blossoms, likewise assume a huge part in urban farming. These harvests add to urban feel, further develop air quality, and cultivate biodiversity inside city conditions.

BY APPLICATION

Based on application, the global market can be categorized into Commercial, Community, Home Gardens, Corporate, Others.

• Commercial: In Commercial applications, urban homesteads center around delivering crops available to be purchased to neighborhood markets, cafés, and supermarkets. This approach fulfills the need for new produce as well as supports neighborhood economies.

• Community: Community utilizations of urban farming foster social union and coordinated effort among occupants. These homesteads frequently act as instructive center points, showing maintainable practices and empowering support in neighborhood food creation.

• Home Gardens: Home Gardens have become progressively well known as people try to develop their own food in restricted urban spaces. These nurseries advance independence and can altogether improve the personal satisfaction for urban occupants.

• Corporate: Corporate urban farming drives include organizations making green spaces inside their offices to develop food. This trend upgrades representative prosperity as well as lines up with corporate social obligation objectives.

• Others: Different uses of urban farming incorporate instructive projects, research drives, and public spaces that advance ecological mindfulness. These endeavors add to an all-encompassing comprehension of economical farming inside urban settings.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Rising Purchaser Interest to Boost the Market"

The Urban Farming Market growth is essentially affected by the rising purchaser interest for new, privately obtained produce. As individuals become more well being aware and mindful of food beginnings, urban farms assume an essential part in giving great food choices. This trend is additionally upheld by government drives advancing urban horticulture as a way to upgrade food security and supportability, driving market development.

"Technological Headways in Horticulture to Expand the Market"

The Urban Farming Market share is being pushed by technological headways in horticulture, like vertical farming and tank-farming. These imaginative farming strategies empower proficient utilization of room and assets, drawing in speculation and interest from the two business visionaries and customers. As urban regions keep on growing, the interest for these arrangements will probably increase, improving the portion of the overall industry of urban farming.

RESTRAINING FACTOR

"High Starting Venture Costs to Potentially Impede Market Growth"

Regardless of its development potential, the Urban Farming Market faces difficulties connected with high starting venture costs and administrative obstacles. Numerous urban farming drives require huge capital for foundation, innovation, and continuous functional costs. Moreover, nearby guidelines and drafting regulations can restrict the extent of urban farming projects, making it challenging for new ventures to secure themselves. These elements might impede the fast development of urban farming, in spite of the developing interest and possible advantages.

OPPORTUNITY

"To Create Opportunity for the Product in the Market"

The Urban Farming Market presents huge open doors for advancement and cooperation. With expanding consciousness of environmental change and food security, there are serious areas of strength for feasible farming practices in urban regions. Business visionaries and financial backers can exploit this trend by growing new innovations, like high level water system frameworks, savvy nurseries, and versatile applications that interface urban ranchers with buyers. Besides, associations with nearby legislatures, schools, and non-benefit associations can upgrade local area commitment and backing for urban farming drives.

CHALLENGE

"Could Be a Potential Challenge for Consumers"

One of the essential difficulties confronting the Urban Farming Market is the opposition for restricted urban space. As urban areas become all the more thickly populated, finding reasonable areas for farming can be troublesome. urban ranchers should explore drafting regulations, property expenses, and local area acknowledgment while attempting to lay out their activities. Furthermore, environment factors, for example, contamination and changing atmospheric conditions can affect crop yields, making it fundamental for urban ranchers to embrace versatile practices to guarantee a good outcome.

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URBAN FARMING MARKET REGIONAL INSIGHTS

• North America

In North America, especially the U.S., urban farming is quickly advancing as urban communities look to address food uncertainty and advance reasonable practices. The U.S. government has perceived the significance of urban agribusiness, giving awards and motivations to nearby farming drives. Subsequently, urban homesteads are becoming indispensable to local area advancement and flexibility against worldwide food production network interruptions.

• Europe

In Europe, urban farming is progressively seen as an answer for urbanization challenges and natural sustainability. Urban communities like Amsterdam and Paris are at the very front, advancing green spaces and nearby food creation. The European Association has likewise upheld urban farming through approaches pointed toward improving food security and decreasing carbon impressions.

• Asia

Asia's Urban Farming Market is seeing fast development, driven by expanding populace thickness and urban movement. Nations like Japan and Singapore are spearheading vertical farming and aquaculture to expand restricted space. These drives address food security as well as add to urban flexibility and sustainability endeavors.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Key industry players in the Urban Farming Market are driving a turn of events and development in supportable horticultural practices to fulfill the advancing needs of urban populaces. Organizations are zeroing in on trend setting innovations, like vertical farming frameworks and savvy planting arrangements, to improve proficiency and efficiency. By utilizing vital associations and putting resources into innovative work, these associations are forming the eventual fate of urban farming. Their obligation to sustainability and local area commitment guarantees progressing market development, working with the reception of urban farming practices in urban communities all over the planet.

LIST OF TOP URBAN FARMING COMPANIES

• Freight Farms (U.S.)
• Brooklyn Grange Farm (U.S.)
• Square Roots (U.S.)
• GrowUP Urban Farms (U.K.)
• Metropolitan Farms (U.S.)
• Bowery Farming (U.S.)
• Gotham Greens (U.S.)
• Plenty (U.S.)
• Sky Green (U.S.)
• Garden Fresh Farms (U.S.)
• SproutsIO (U.S.)
• UrbanFarmers AG (Switzerland)
• Edenworks Inc. (U.S.)
• Pasona O2 (Japan)
• BrightFarms (U.S.)

KEY INDUSTRY DEVELOPMENT

December 2024: An organization called EcoPots fostered a biodegradable plant pot produced using reused materials, decreasing plastic waste in urban farming. These pots are intended to decay normally, wiping out the requirement for plastic removal and advancing supportable farming practices.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The urban farming is seeing huge development, powered by expanding attention to its advantages, rising consumer interest in sustainable solutions, and persistent technological headways. In spite of the fact that it faces difficulties like supply limitations and increasing costs, the continuous interest for innovative and excellent choices is driving extension and progress across the area. Key industry players are driving advancement through essential developments and market extensions, improving both supply and appeal. As purchaser inclinations shift towards better and more different choices, the market is supposed to thrive, upheld by progressing developments and a developing acknowledgment of its contributions.