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Vertical Farming Market Analysis By Emerging Growth Factors And Revenue Forecast To 2032

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Harsh Prakash

The Vertical Farming Market revenue has been estimated at USD 8.92 Billion in 2022 and is projected to grow at a CAGR of 23.98% during the forecast period.


The Global Vertical Farming Market Research Report 2023-2032 is a specialized and in-depth study of the Vertical Farming industry, with a particular emphasis on global market trend analysis, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles, and strategies. Global Vertical Farming Market study with 100+ market data Tables, Pie Chat, Graphs & Figures. The report presents a complete assessment of the Market covering future trends, current growth factors, attentive opinions, facts, and industry-validated market data forecast until 2032.


Quince Market Insights, a reliable market research and consulting company, has announced the publication of its most recent updated report on the Vertical Farming Market. It offers a thorough analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Go to Market (GTM) Year On Year (YoY), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Active, Innovators, Start-ups, and Cutting Edge) that are anticipated to influence its future growth trajectory.


Vertical farming is a method of growing crops in vertically stacked layers, using artificial lighting and a controlled environment. This technology is becoming increasingly popular as a means of producing high-quality, locally grown produce, and is seen as a potential solution to the problem of food security in urban areas. The factors driving the growth of the vertical farming market include the increasing demand for high-quality, locally grown produce, the need for sustainable agriculture practices, and the growing trend towards urbanization. Additionally, advancements in technology and the increasing popularity of indoor farming methods are also expected to fuel market growth.


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Key Factors Impacting Market Growth:

  • Rising demand for high-quality food without herbicides and pesticides
  • Independent farming techniques with less impact of climate conditions
  • Limited space for growing vegetables and fruits

Leading Players for Vertical Farming Market:

Koninklijke Philips N.V., Sky Greens Pte. Ltd, AeroFarms LLC, Everlight Electronics Co. Ltd, Illumitex Inc, Hort Americas, Agrilution GmbH, Urban Crop Solutions Inc., American Hydroponics Systems Inc., and Vertical Farm Systems.


Recent Developments:

·        In 2021, AeroFarms announced plans to go public through a merger with a special purpose acquisition company (SPAC).

·        In 2021, Plenty announced plans to expand its operations to the Middle East through a partnership with a UAE-based firm.

·        In 2021, BrightFarms raised $100 million in a funding round to expand its operations and build new farms.

·        In 2021, Bowery Farming raised $300 million in a funding round to support its expansion plans.

·        In 2021, Infarm raised $170 million in a funding round to support its expansion plans, including the launch of a new facility in Japan.

·        In 2021, Gotham Greens announced plans to open a new facility in California, which will be its first farm on the West Coast.

·        In 2021, Farm.One announced plans to expand its operations to Europe, with a new facility in Amsterdam.


Data Collection for Vertical Farming Market:

✧ Primary Interviews

✧ Secondary Source

✧ Database

✧ Company website

✧ Industry Consultants

✧ Others


The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information and applies a number of industry-best techniques upon the data for projecting the future state of the global Vertical Farming market. Based on current market development, the report includes an analysis of how activities such as mergers shape the market’s future.


Market Segmentation for Vertical Farming Market:

By Product Type:

  • Foods
  • Drinks
  • Supplements

By Distribution Channel:

  • Retail Stores
  • Drug Stores
  • Fitness Institutions
  • Online

By End User:

  • Bodybuilders
  • Athletes
  • Lifestyle Users


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Regional Analysis for Vertical Farming Market:

➡ North America (U.S., Canada, Mexico)

➡ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

➡ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

➡ South America (Colombia, Brazil, Argentina, Rest of South America)

➡ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)


Market Evaluation for Vertical Farming Market:

The market evaluation uses the bottom-up approach which involves analyzing hundreds of contracts and/or sales data from a multitude of sources such as annual reports, online and in-house databases, industry journals, and other statistical publications and also by consulting with leading industry experts.

The study delves into different facets of the business and provides answers to important questions.


Key Questions Answered in this Report:

➡ What is the market size and growth rate of the global and regional market by various segments?

➡ Market size and growth rate of the market for selective countries?

➡ Which region or sub segment is expected to drive the market in the forecast period?

➡ What are the driving factors as well as restraints in the market growth?

➡ How the technological shift and disruptions are helping market to grow?

➡ What are the key opportunities in the market?

➡ Which are the key companies operating in the market?

➡ Which company accounted or will account for the highest market share in 2021, 2022, and 2023?


Browse for Detailed Table of Content @ https://www.quincemarketinsights.com/request-toc-48894?djhp03


**In case you have any specific business requirements, you can mention the same. We also customize the report based on the specific needs of the client**


Contact:

Quince Market Insights

US +1 208 405 2835

Web: www.quincemarketinsights.com

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