Vertical Farming Market Size, Share & Trends Report

Vertical Farming Market Size, Share & Trends Analysis Report By Structure, By Component (Hardware, Software, Services), By Growing Mechanism (Aeroponics, Hydroponics), By Crop Category, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-797-1
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2023
  • Industry: Technology
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GVR Report cover Vertical Farming Market Size, Share & Trends Report

Vertical Farming Market Size, Share & Trends Analysis Report By Structure, By Component (Hardware, Software, Services), By Growing Mechanism (Aeroponics, Hydroponics), By Crop Category, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-797-1
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2023
  • Industry: Technology

Vertical Farming Market Size & Trends

The global vertical farming market size was valued at USD 6.92 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2023 to 2030. Market growth is attributed to the growing adoption of environment-friendly production of fruits and vegetables. Unprecedented growth of the global population has increased the demand for urban agriculture.

Canada Vertical Farming market size and growth rate, 2024 - 2030

Vertical farming is the practice of producing food in vertically stacked layers, such as in a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, more nutritious, safer, and more environmentally friendly. A critical factor that influences demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policymakers, and suppliers to implement successful marketing strategies.

Obesity and heart diseases are prevalent health-related issues among consumers. Furthermore, growing depletion of groundwater and changing climatic conditions have urged traditional growers to adopt alternate farming methods. Increasing consumer concerns about health and the abovementioned factors are likely to elevate industry demand.

Unlike traditional farming, indoor farming can produce crops throughout the year, which results in increased productivity. Furthermore, indoor farming can protect crops from extreme weather conditions through the usage of techniques such as controlled environment agriculture technology, where facilities use artificial environmental control, control of light, and fertigation.

Increasing demand for high-quality food, independent agriculture techniques, and growing urbanization are some of the critical factors responsible for market growth. These factors have increased the requirement for food. Demand for food is expected to witness significant growth with a growing population by 2030. The adoption of vertical cultivation techniques allows consumers to grow crops in a warehouse or a multi-story building.

Market Concentration & Characteristics

The vertical farming market growth stage is high. The vertical farming market is witnessing a significant degree of innovation, marked by the adoption of advanced technologies such as sensors and cameras in order to enhance resource efficiency, increase yields, and address challenges such as limited space and environmental constraints. Also, technologies such as hydroponics, aeroponics, LED grow lights, and automation systems are commonly employed to enhance efficiency and crop quality.

Vertical Farming Market Concentration & Characteristics

Vertical farming aligns with the trend of urban agriculture, responding to the challenges of limited arable land in urban areas. The practice allows for food cultivation in close proximity to densely populated cities.

The vertical farming market faces increasing regulatory scrutiny as governments worldwide focus on sustainable agriculture goals. Governments are also providing financial incentives and grants to encourage the adoption of vertical farming practices. These incentives may include tax breaks, subsidies, or grants aimed at reducing the initial capital investment for vertical farming facilities.

The limited availability of direct substitutes for vertical farming makes it a unique and innovative approach to agriculture. However, alternative methods such as conventional farming and robotic farming can have an impact on the vertical farming market. Some farmers may opt to continue with traditional, conventional farming practices without incorporating extensive technologies. This conventional approach may involve fewer technological investments, potentially limiting the optimization of resource use and efficiency. As the agricultural landscape evolves, the choice between these methods will be influenced by factors such as cost considerations, technological readiness, and the desire for sustainable and resource-efficient practices.

Market Dynamics

The growth of the vertical farming market is attributed to factors such as steady population growth, government incentives, limited availability of cultivable land, and the increasing demand for high-quality and fresh food. Moreover, the increasing consumer demand for organic food is positively impacting the growth of the vertical farming market, creating favorable business opportunities. With consumers placing a higher value on organic products, vertical farming is a viable solution to meet this demand.

Vertical farms are becoming technologically advanced, with the use of LED lights and automated control systems to tailor to the growing environment. Several vertical farm service providers are locating their facilities near urban hubs to capitalize on the increasing demand for local food. Therefore, becoming increasingly capital-intensive, along with using venture funding and other sources to build the infrastructure, is necessary to compete in the current market. Various industries, particularly food & beverage, were negatively impacted by the labor shortage and supply chain disruption. However, the COVID-19 outbreak created several opportunities for the vertical farming sector. Urban agriculture has become more popular because of the pandemic. For instance, East Japan Railway Company and Infarm joined in February 2020 to supply fresh food cultivated and gathered in retail outlets. These new developments are expected to provide future growth opportunities in these countries.

Component Insights

On the basis of components, vertical farming market is segmented into hardware, software, and services. The hardware segment accounted for the largest market share in 2022. Hardware plays a significant role in maintaining an environment in vertical farming. The segment is further categorized into lighting, hydroponic components, climate control, and sensors. The lighting segment led the market and accounted for more than 44.46% of global hardware revenue in 2022. A large share of the lighting segment can be attributed to the dependence of vertical farms on artificial lighting. Artificial lights provide sufficient light intensities required for crop growth. The climate control segment is expected to register the highest CAGR of 20.6% over forecast period. Increasing adoption of hydroponic components by farmers to minimize weight load and infrastructure needed to support equipment is anticipated to drive demand for hydroponic components.

Climate control is a kind of agriculture where plants are grown inside a greenhouse under a controlled environment that allows growers to maintain and monitor proper supply of light, carbon dioxide, water, humidity, pH levels, and nutrients for crop growth. The main aim of climate control farming is to facilitate protection and maintain optimum growth conditions throughout the development period of the crop. In many cases, climate-controlled farming is used to ensure that plants receive optimal nutrients for their growth.

Farming with the help of lighting technology ensures consistent plant growth by reducing heat stress on the root zone and providing uniform lighting. The use of LED lighting technology acts as a supplementary light source to the sun and ensures increased productivity with minimum power usage. Sensors enable comprehensive monitoring of the external environment and crop conditions. Various sensors, such as nutrient sensors, humidity sensors, and light sensors, are used to monitor crop growth. Monitoring also enables notification of changes and alerts.

Automation in vertical farming aims at minimizing time to market, reducing distribution, production, and environmental costs, and standardizing high quality. IoT has become a mainstream technology that drives several industries, such as transportation, manufacturing, and agriculture. The proliferation of IoT has revolutionized the agriculture industry.

Furthermore, the software segment is expected to exhibit a CAGR of 23.4% from 2023 to 2030, owing to upcoming trends in technologies and farming practices. Software may identify growers, crop batch, land or field, and supplier information for fruits and vegetables. Since cloud-based software gathers millions of data points in real-time that can be analyzed with machine learning techniques to ascertain how changes in specific environmental parameters affect the yield and flavor of finished products, it is anticipated that the market will grow significantly in years to come.

Growing Mechanism Insights

The Hydroponics segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Hydroponics is a popular growth mechanism due to low installation costs and ease of operations. It is a method of growing plants without soil, where soil is replaced by mineral solution inserted around plant roots. Additionally, the hydroponics method removes the risk of soil organisms causing diseases.

Growing awareness among consumers regarding the effects of pesticides is expected to boost demand for hydroponics. Hydroponically grown plants produce greater yields than similar plants grown in soil because of proper control over nutrients. In addition, plant roots are submerged under a chemical solution and checked periodically to ensure appropriate chemical composition is maintained for growth.

The Aquaponics segment is anticipated to gain significant market share over the forecast period. Aquaponics is an integration of hydroponics and aquaculture, which eliminates the need for harmful chemicals for cultivation. Plants such as lettuce, chives, peppers, kale, mint, cucumbers, and peas are grown through aquaponics. Water used in aquaponics systems contains fish waste that becomes nutrient-rich and increases crop production time. This creates a sustainable natural system, which eliminates the need for chemicals to produce food.

The Aeroponics segment is anticipated to witness considerable growth over the forecast period. This system is similar to hydroponics as neither method uses soil to grow plants. However, in aeroponics, there is no need for a growing medium as the roots of plants are hung in a dark chamber and sprayed with nutrient-rich solution periodically.

Crop Category Insights

The fruits, vegetables, & herbs segment registered the largest market share in 2022 and is expected to remain dominant between 2023 and 2030. Increasing cultivation of commonly grown fruits and vegetables in vertical farming is driving segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation. At the same time, vertical farming improves biodiversity as it does not cause land disturbances. As such, vertical farming is in high demand for growing different types of crops. Further, fruits, vegetables, & herbs are segmented into tomato, lettuce, bell, chili peppers, strawberry, cucumber, leafy greens (excluding lettuce), herbs, and others. Among which tomatoes segment led the market and accounted for more than 24.23% of global fruits, vegetables, & herbs revenue in 2022. This large share is attributed to the high average demand for tomatoes in all regions compared to other crops such as lettuce, leafy greens, peppers, cucumbers, herbs, and so on. Some of the most commonly grown vegetables, herbs, and fruits across different regions include strawberries, lettuce, bell, chili peppers, tomato, cucumber, and leafy greens, among others. One of the important factors behind growing any crop in vertical farming is to validate the economic viability of that crop, which ensures that the company is making a large amount of money from its cultivation.

Similarly, the time taken for crops to grow fully is one of the criteria because some vegetables like lettuce and mint grow fast, whereas herbs and some fruiting crops take more time to grow but can have higher margins than many other plants. As a farmer, it is imperative to make sure that we can sell what we grow, and production costs should not be too high. In order to make this decision, the kind of crops also plays a very vital role in the feasibility study of vertical farming. Lettuces have shown consistent demand globally that has enhanced its cultivation.

The flowers and ornamentals segment is anticipated to grow with a significant CAGR during the forecast period. Increasing usage of flowers and ornamentals for decorative and aesthetic purposes is anticipated to boost market growth. Also, vertical farming has gained popularity in growing edible flowers, which include marigolds, matthiol, cloves, and snapdragons. The segment has been further segregated into perennials, annuals, and ornamentals. Ornamentals flowers held the largest market share in 2022, owing to increasing sales.

Structure Insights

The shipping container segment dominated the market with a share of about 53.32% in 2022 and is expected to remain dominant between 2023 and 2030. This growth is attributed to the ability of structure to help grow crops irrespective of geographic location. One of the primary benefits of container-based farming is that container farms are easy to transport, and one doesn't require a large piece of land or dedicated building to start cultivating.

Moreover, the price of shipping containers decreases with increased competition because the cost of acquiring used containers is relatively less, which gives other companies an opportunity to enter the market space. However, low comparative output and antagonism between light, heat, and layout are some of the drawbacks of such kind of agriculture.

Global Vertical Farming market share and size, 2023

Factors such as growing technological advancements and increasing penetration of precision farming are anticipated to drive shipping container segment over the forecast period. A building-based segment is widely accepted in Japan, China, and other Asian countries, and it is the fastest-growing segment in terms of revenue owing to its growing acceptance in the region. Building-based farming helps minimize cultivation costs and requires larger farming areas than single farming land, hence ensuring food security.

Shipping container-based farming uses 95% less water than traditional cultivation with drip irrigation. Shipping containers are easy to modify, stackable, durable, and can be recycled and refurbished at lower cost. Additionally, the surplus availability of unused shipping containers across the globe is likely to influence segment growth over the forecast period.

Regional Insights

In terms of revenue, Europe dominated the vertical farming market in 2022 with a share of approximately 31.7% and is expected to remain dominant between 2023 and 2030. Growing awareness regarding the importance of alternative farming owing to less availability of fertile agricultural land and increasing population in the region is the key factor anticipated to spur the demand.

Vertical Farming Market Trends, by Region, 2024 - 2030

Europe is anticipated to witness significant growth over a projected period owing to the growing expansion of genetically modified crop technology. Furthermore, the increasing adoption of nanotechnology and robotics for farming enhances regional market demand. The use of nanotechnology helps in improving food packaging and enhancing disease and pest control.

The European Environment Agency has carried out several initiatives to build vertical farms for the purpose of overcoming challenges of continuous population growth and climate change as well as producing food in an environment-unfriendly way. This has resulted in a rise in market demand in the region.

The growing urban population and commercialization of indoor farming are anticipated to drive demand in Africa. However, lack of financial resources to build modern vertical farms and limited access to water and land are expected to restrain regional market growth. To overcome such challenges, various models followed in the region include vertically stacked wooden crates and sack gardens.

Key Companies & Market Share Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

  • Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.
  • Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Bowery Farming and Aerofarm are some of the emerging market participants in the target market.

  • Bowery Farming is engaged in providing solutions related to vertical farming and digital agriculture. Bowery Farming is a New York based company having farms in New Jersey, Maryland, and Pennsylvania.
  • Aerofarm, is a U.S.- based indoor vertical farming solution provider. The company uses artificial intelligence and plant biology to fix broken food system and improve the fresh produce growth

Key Vertical Farming Companies:

  • AeroFarms (U.S.)
  • Illumitex, Inc. (U.S.)
  • American Hydroponics (U.S.)
  • Agrilution GmbH
  • Brightfarms Inc.
  • Everlight Electronics Co., Ltd.
  • Freight Farms
  • GrowUp Urban Farms Ltd.
  • Green Sense Farms, LLC
  • Vertical Farm Systems.

Recent Developments

  • In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

  • In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

Vertical Farming Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 6.92 billion

Revenue forecast in 2030

USD 24.95 billion

Growth rate

CAGR of 20.1% from 2023 to 2030

Actual Data

2017 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD Billion and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Structure, Components, Growing Mechanism, Crop Category, and region

Regional scope

North America, Europe, Asia Pacific, South America, MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; Spain; Italy; China; India; Japan; South Korea; Singapore; Brazil.

Key companies profiled

Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Avail customized purchase options to meet your exact research needs. Explore purchase options

Global Vertical Farming Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global vertical farming market report based on structure, component, growing mechanism, crop category, and region:

  • Structure Outlook (Revenue, USD Million, 2017 - 2030)

    • Shipping Container

    • Building-based

  • Component Outlook (Revenue, USD Million, 2017 - 2030)

    • Hardware

      • Lighting

      • Hydroponic components

      • Climate control

      • Sensors

    • Software

    • Services

      • System Integration & Consulting

      • Managed Services

      • Assisted Professional Services

  • Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

    • Hydroponics

    • Aeroponics

    • Aquaponics

  • Crop Category Outlook (Revenue, USD Million, 2017 - 2030)

    • Fruits Vegetables, & Herbs

      • Tomato

      • Lettuce

      • Bell & Chili Peppers

      • Strawberry

      • Cucumber

      • Leafy Greens (excluding lettuce)

      • Herbs

      • Others

    • Flowers & Ornamentals

      • Perennials

      • Annuals

      • Ornamentals

    • Others (Cannabis, Microgreens)

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • Singapore

      • South Korea

    • South America

      • Brazil

    • Middle East and Africa (MEA)

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Vertical Farming Market: Methodology and Scope
                   1.1. Research Methodology
                   1.2. Research Scope & Assumptions
                   1.3. List of Data Sources
Chapter 2. Vertical Farming Market: Executive Summary
                   2.1. Vertical Farming - Industry Snapshot & Key Buying Criteria, 2017 - 2030
Chapter 3. Vertical Farming Market: Industry Outlook
                   3.1. Market Segmentation & Scope
                   3.2. Vertical Farming Market Size and Growth Prospects
                   3.3. Vertical Farming - Value Chain Analysis
                   3.4. Market Dynamics
                       3.4.1. Market driver analysis
                           3.4.1.1. Growing demand for food across globe
                           3.4.1.2. Growing adoption of controlled growing environment
                           3.4.1.3. Difficulties in agricultural work
                           3.4.1.4. Increasing demand for organic food
                       3.4.2. Market restraint/challenges analysis
                           3.4.2.1. Higher initial investments
                       3.4.3. Market opportunity analysis
                           3.4.3.1. Production of bio-pharmaceutical products
                   3.5. Industry Analysis - Porter’s
                   3.6. Vertical Farming- PEST Analysis
                   3.7. Impact of the COVID-19 pandemic
                       3.7.1. Mid-term Impact
                       3.7.2. Long-term Impact
                   3.8. Estimated Number of Vertical Farms and Greenhouses to be Built (2022-2030)
                       3.8.1. U.S. Estimated number of vertical farms to be built (2022-2030) in acres
                       3.8.2. U.S. Estimated number of greenhouses to be built (2022-2030) in acres
                       3.8.3. Canada estimated number of vertical farms to be built (2022-2030) in acres
                       3.8.4. Canada estimated number of greenhouses to be built (2022-2030) in acres
                   3.9. Average Breakdown of Capital Expenditure and Operating Expenditure for Vertical Farms and Greenhouses in 2021
                       3.9.1. Use case analysis of greenhouse in a Canadian province to evaluate the capital and operational expenditure (CAPEX and OPEX)
                       3.9.2. CAPEX and OPEX analysis of different types of vertical farms
                   3.10. Vertical Farming Market Trends for:
                       3.10.1. Growth Pods
                       3.10.2. Container Farms
                           3.10.2.1. Global Estimated Number of Container Farms (2021)
                   3.11. Vertical Farming Market- CO2 Analysis
                       3.11.1. Current issues using CO2
                       3.11.2. Average CO2 a container need and its spending
                       3.11.3. Average amount of CO2 used in an indoor farm
                   3.12. Global Vertical Farming Produce Market, 2017 - 2030 (Revenue USD Million)
Chapter 4. Vertical Farming Market: Structure Estimates & Trend Analysis
                   4.1. Vertical Farming Market: Structure Analysis
                       4.1.1. Shipping container
                       4.1.2. Building-based
Chapter 5. Vertical Farming Market: Component Estimates & Trend Analysis
                   5.1. Vertical Farming Market: Component Analysis
                       5.1.1. Hardware
                           5.1.1.1. Lighting
                           5.1.1.2. Hydroponic components
                           5.1.1.3. Climate control
                           5.1.1.4. Sensors
                       5.1.2. Software
                       5.1.3. Services
                           5.1.3.1. System Integration & Consulting
                           5.1.3.2. Managed Services
                           5.1.3.3. Assisted Professional Services
Chapter 6. Vertical Farming Market: Growing Mechanism Estimates & Trend Analysis
                   6.1. Vertical Farming Market: Growing Mechanism Analysis
                       6.1.1. Hydroponics
                       6.1.2. Aeroponics
                       6.1.3. Aquaponics
Chapter 7. Vertical Farming Market: Crop Category Estimates & Trend Analysis
                   7.1. Vertical Farming Market: Fruits Vegetables, & Herbs Analysis
                       7.1.1. Tomato
                       7.1.2. Lettuce
                       7.1.3. Bell & Chili Peppers
                       7.1.4. Strawberry
                       7.1.5. Cucumber
                       7.1.6. Leafy Greens
                       7.1.7. Herbs
                       7.1.8. Others
                   7.2. Flowers & Ornamentals
                       7.2.1. Perennials
                       7.2.2. Annuals
                       7.2.3. Ornamentals
                   7.3. Others (Cannabis, Microgreens)
Chapter 8. Vertical Farming Market: Regional Estimates & Trend Analysis
                   8.1. Vertical farming Market Share By Region, 2022 & 2030
                   8.2. North America
                       8.2.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                       8.2.2. Vertical farming market by component, 2017- 2030 (USD Million)
                       8.2.3. Vertical farming market by growing mechanism, 2017- 2030 (USD Million)
                       8.2.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.2.5. U.S.
                           8.2.5.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.2.5.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.2.5.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.2.5.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.2.6. Canada
                           8.2.6.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.2.6.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.2.6.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.2.6.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.2.7. Mexico
                           8.2.7.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.2.7.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.2.7.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.2.7.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                   8.3. Europe
                       8.3.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                       8.3.2. Vertical farming market by component, 2017- 2030 (USD Million)
                       8.3.3. Vertical farming market by growing mechanism, 2017- 2030 (USD Million)
                       8.3.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.3.5. Germany
                           8.3.5.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.3.5.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.3.5.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.3.5.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.3.6. UK
                           8.3.6.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.3.6.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.3.6.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.3.6.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.3.7. France
                           8.3.7.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.3.7.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.3.7.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.3.7.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.3.8. Italy
                           8.3.8.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.3.8.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.3.8.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.3.8.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.3.9. Spain
                           8.3.9.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.3.9.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.3.9.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.3.9.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                   8.4. Asia Pacific
                       8.4.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                       8.4.2. Vertical farming market by component, 2017- 2030 (USD Million)
                       8.4.3. Vertical farming market by growing mechanism, 2017- 2030 (USD Million)
                       8.4.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.4.5. China
                           8.4.5.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.4.5.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.4.5.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.4.5.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.4.6. Japan
                           8.4.6.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.4.6.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.4.6.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.4.6.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.4.7. India
                           8.4.7.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.4.7.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.4.7.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.4.7.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.4.8. Singapore
                           8.4.8.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.4.8.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.4.8.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.4.8.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.4.9. South Korea
                           8.4.9.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.4.9.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.4.9.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.4.9.4. Vertical farming market by crop category, 2017 - 2028 (USD Million
                   8.5. South America
                       8.5.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                       8.5.2. Vertical farming market by component, 2017- 2030 (USD Million)
                       8.5.3. Vertical farming market by growing mechanism, 2017- 2030 (USD Million)
                       8.5.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                       8.5.5. Brazil
                           8.5.5.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                           8.5.5.2. Vertical farming market by component, 2017- 2030 (USD Million)
                           8.5.5.3. Vertical farming market by growing mechanism 2017- 2030 (USD Million)
                           8.5.5.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
                   8.6. MEA
                       8.6.1. Vertical farming market by structure, 2017- 2030 (USD Million)
                       8.6.2. Vertical farming market by component, 2017- 2030 (USD Million)
                       8.6.3. Vertical farming market by growing mechanism, 2017- 2030 (USD Million)
                       8.6.4. Vertical farming market by crop category, 2017 - 2028 (USD Million)
Chapter 9. Competitive Landscape
                   9.1. Recent Developments and Impact Analysis, by Key Market Participants
                   9.2. Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
                   9.3. Key Company Market Share Analysis, 2022
                   9.4. Market Position Analysis
                   9.5. Competitive Dashboard Analysis
Chapter 10. Competitive Landscape
                   10.1. Agrilution
                       10.1.1. Company overview
                       10.1.2. Product benchmarking
                       10.1.3. Recent developments
                   10.2. American Hydroponics
                       10.2.1. Company overview
                       10.2.2. Product benchmarking
                       10.2.3. Recent developments
                   10.3. AeroFarms
                       10.3.1. Company overview
                       10.3.2. Product benchmarking
                       10.3.3. Recent developments
                   10.4. BrightFarms
                       10.4.1. Company overview
                       10.4.2. Product benchmarking
                       10.4.3. Recent developments
                   10.5. Everlight Electronics Co., Ltd.
                       10.5.1. Company overview
                       10.5.2. Financial performance
                       10.5.3. Product benchmarking
                       10.5.4. Recent developments
                   10.6. Freight Farms
                       10.6.1. Company overview
                       10.6.2. Product benchmarking
                       10.6.3. Recent developments
                   10.7. GrowUp Urban Farms
                       10.7.1. Company overview
                       10.7.2. Product benchmarking
                       10.7.3. Recent developments
                   10.8. Green Sense Farms, LLC
                       10.8.1. Company overview
                       10.8.2. Product benchmarking
                       10.8.3. Recent developments
                   10.9. Illumitex, Inc.
                       10.9.1. Company overview
                       10.9.2. Product benchmarking
                       10.9.3. Recent developments
                   10.10. Vertical Farm Systems
                       10.10.1. Company overview
                       10.10.2. Product benchmarking
                       10.10.3. Recent developments


List of Tables

Table 1 List of abbreviation
Table 2 Vertical Farming market, 2017 - 2030 (USD Million)
Table 3 Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 4 Vertical Farming market, by structure, 2017 - 2030 (USD Million)
Table 5 Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 6 Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 7 Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 8 Shipping container Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 9 Building based Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 10 Hardware Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 11 Software Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 12 Services Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 13 Lighting market, by region, 2017 - 2030 (USD Million)
Table 14 Hydroponic components market, by region, 2017 - 2030 (USD Million)
Table 15 Climate control market, by region, 2017 - 2030 (USD Million)
Table 16 Sensors market, by region, 2017 - 2030 (USD Million)
Table 17 System Integration & Consulting market, by region, 2017 - 2030 (USD Million)
Table 18 Managed Services market, by region, 2017 - 2030 (USD Million)
Table 19 Assisted Professional Services market, by region, 2017 - 2030 (USD Million)
Table 20 Aeroponics Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 21 Hydroponics Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 22 Aquaponics Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 23 Fruits Vegetables, & Herbs Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 24 Flowers & Ornamentals Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 25 Others (Cannabis, Microgreens) Vertical Farming market, by region, 2017 - 2030 (USD Million)
Table 26 Tomato market, by region, 2017 - 2030 (USD Million)
Table 27 Lettuce market, by region, 2017 - 2030 (USD Million)
Table 28 Bell & chili peppers market, by region, 2017 - 2030 (USD Million)
Table 29 Strawberry market, by region, 2017 - 2030 (USD Million)
Table 30 Cucumber market, by region, 2017 - 2030 (USD Million)
Table 31 Leafy greens market, by region, 2017 - 2030 (USD Million)
Table 32 Herbs market, 2017 - 2030 (USD Million)
Table 33 Other Vertical Farming produce market, by region, 2017 - 2030 (USD Million)
Table 34 Perennials market, by region, 2017 - 2030 (USD Million)
Table 35 Annuals market, 2017 - 2030 (USD Million)
Table 36 Ornamentals Vertical Farming produce market, by region, 2017 - 2030 (USD Million)
Table 37 North America Vertical Farming market, by structure, 2017 - 2030 (USD Million)
Table 38 North America Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 39 North America Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 40 North America Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 41 U.S. Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 42 U.S. Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 43 U.S. Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 44 U.S. Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 45 Canada Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 46 Canada Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 47 Canada Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 48 Canada Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 49 Mexico Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 50 Mexico Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 51 Mexico Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 52 Mexico Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 53 Europe Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 54 Europe Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 55 Europe Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 56 Europe Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 57 UK Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 58 UK Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 59 UK Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 60 UK Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 61 Germany Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 62 Germany Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 63 Germany Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 64 Germany Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 65 France Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 66 France Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 67 France Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 68 France Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 69 Italy Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 70 Italy Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 71 Italy Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 72 Italy Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 73 Spain Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 74 Spain Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 75 Spain Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 76 Spain Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 77 Asia Pacific Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 78 Asia Pacific Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 79 Asia Pacific Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 80 Asia Pacific Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 81 China Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 82 China Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 83 China Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 84 China Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 85 India Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 86 India Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 87 India Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 88 India Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 89 Japan Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 90 Japan Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 91 Japan Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 92 Japan Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 93 Singapore Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 94 Singapore Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 95 Singapore Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 96 Singapore Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 97 South Korea Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 98 South Korea Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 99 South Korea Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 100 South Korea Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 101 South America Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 102 South America Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 103 South America Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 104 South America Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 105 Brazil Vertical Farming market, by Structure, 2017 - 2030 (USD Million)
Table 106 Brazil Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 107 Brazil Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 108 Brazil Vertical Farming market, by crop category, 2017 - 2030 (USD Million)
Table 109 MEA Vertical Farming market, by structure, 2017 - 2030 (USD Million)
Table 110 MEA Vertical Farming market, by component, 2017 - 2030 (USD Million)
Table 111 MEA Vertical Farming market, by growth mechanism, 2017 - 2030 (USD Million)
Table 112 MEA Vertical Farming market, by crop category, 2017 - 2030 (USD Million)


List of Figures

Fig.1 Vertical Farming market segmentation
Fig.2 Vertical Farming market, 2017 - 2030 (USD Million)
Fig.3 Value chain analysis
Fig.4 Vertical Farming market driver impact
Fig.5 Vertical Farming market restraint impact
Fig.6 Vertical Farming market opportunity impact
Fig.7 Vertical Farming penetration & growth prospects mapping
Fig.8 Vertical Farming market - Porter’s five force analysis
Fig.9 Vertical Farming market - PESTLE analysis
Fig.10 Vertical Farming Market, By structure, 2022 & 2030 (USD Million)
Fig.11 Vertical Farming Market, By offering, 2022 & 2030 (USD Million)
Fig.12 Vertical Farming Market, By growth Mechanism, 2022 & 2030 (USD Million)
Fig.13 Vertical Farming Market, By crop category, 2022 & 2030 (USD Million)
Fig.14 Vertical Farming Market, By Region, 2022 & 2030
Fig.15 Company Dashboard Analysis, 2022
Fig.16 Company Position Analysis, 2022

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Market segmentation

  • Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)
    • Shipping container
    • Building-based
  • Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)
    • Hardware
      • Lighting
      • Hydroponic components
      • Climate control
      • Sensors
    • Software
    • Services
      • System Integration & Consulting
      • Managed Services
      • Assisted Professional Services
  • Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)
    • Hydroponics
    • Aeroponics
    • Aquaponics
  • Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017 - 2030)
    • Fruits Vegetables, & Herbs
      • Tomato
      • Lettuce
      • Bell & Chili Peppers
      • Strawberry
      • Cucumber
      • Leafy Greens (excluding lettuce)
      • Herbs
      • Others
    • Flowers & Ornamentals
      • Perennials
      • Annuals
      • Ornamentals
    • Others (Cannabis, Microgreens)
  • Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • North America
      • North America Vertical Farming Market, By Structure
        • Shipping Container
        • Building-based
      • North America Vertical Farming Market, By Component
        • Hardware
          • Lighting
          • Hydroponic components
          • Climate control
          • Sensors
        • Software
        • Services
          • System Integration & Consulting
          • Managed Services
          • Assisted Professional Services
      • North America Vertical Farming Market, By Growing Mechanism
        • Hydroponics
        • Aeroponics
        • Aquaponics
      • North America Vertical Farming Market, By Crop Category
        • Fruits Vegetables, & Herbs
          • Tomato
          • Lettuce
          • Bell & Chili Peppers
          • Strawberry
          • Cucumber
          • Leafy Greens (excluding lettuce)
          • Herbs
          • Others
        • Flowers & Ornamentals
          • Perennials
          • Annuals
          • Ornamentals
        • Others (Cannabis, Microgreens)
      • U.S.
        • U.S. Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • U.S. Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • U.S. Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • U.S. Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • Canada
        • Canada Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • Canada Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • Canada Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • Canada Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • Mexico
        • Mexico Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • Mexico Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • Mexico Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • Mexico Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
    • Europe
      • Europe Vertical Farming Market, By Structure
        • Shipping Container
        • Building-based
      • Europe Vertical Farming Market, By Component
        • Hardware
          • Lighting
          • Hydroponic components
          • Climate control
          • Sensors
        • Software
        • Services
          • System Integration & Consulting
          • Managed Services
          • Assisted Professional Services
      • Europe Vertical Farming Market, By Growing Mechanism
        • Hydroponics
        • Aeroponics
        • Aquaponics
      • Europe Vertical Farming Market, By Crop Category
        • Fruits Vegetables, & Herbs
          • Tomato
          • Lettuce
          • Bell & Chili Peppers
          • Strawberry
          • Cucumber
          • Leafy Greens (excluding lettuce)
          • Herbs
          • Others
        • Flowers & Ornamentals
          • Perennials
          • Annuals
          • Ornamentals
        • Others (Cannabis, Microgreens)
      • U.K.
        • U.K. Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • U.K. Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • U.K. Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • U.K. Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • Germany
        • Germany Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • Germany Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • Germany Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • Germany Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • France
        • France Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • France Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • France Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • France Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
    • Asia Pacific
      • Asia Pacific Vertical Farming Market, By Structure
        • Shipping Container
        • Building-based
      • Asia Pacific Vertical Farming Market, By Component
        • Hardware
          • Lighting
          • Hydroponic components
          • Climate control
          • Sensors
        • Software
        • Services
          • System Integration & Consulting
          • Managed Services
          • Assisted Professional Services
      • Asia Pacific Vertical Farming Market, By Growing Mechanism
        • Hydroponics
        • Aeroponics
        • Aquaponics
      • Asia Pacific Vertical Farming Market, By Crop Category
        • Fruits Vegetables, & Herbs
          • Tomato
          • Lettuce
          • Bell & Chili Peppers
          • Strawberry
          • Cucumber
          • Leafy Greens (excluding lettuce)
          • Herbs
          • Others
        • Flowers & Ornamentals
          • Perennials
          • Annuals
          • Ornamentals
        • Others (Cannabis, Microgreens)
      • China
        • China Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • China Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • China Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • China Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • Japan
        • Japan Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • Japan Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • Japan Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • Japan Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • India
        • India Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • India Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • India Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • India Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • Singapore
        • Singapore Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • Singapore Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • Singapore Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • Singapore Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
      • South Korea
        • South Korea Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • South Korea Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • South Korea Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • South Korea Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
    • South America
      • South America Vertical Farming Market, By Structure
        • Shipping Container
        • Building-based
      • South America Vertical Farming Market, By Component
        • Hardware
          • Lighting
          • Hydroponic components
          • Climate control
          • Sensors
        • Software
        • Services
          • System Integration & Consulting
          • Managed Services
          • Assisted Professional Services
      • South America Vertical Farming Market, By Growing Mechanism
        • Hydroponics
        • Aeroponics
        • Aquaponics
      • South America Vertical Farming Market, By Crop Category
        • Fruits Vegetables, & Herbs
          • Tomato
          • Lettuce
          • Bell & Chili Peppers
          • Strawberry
          • Cucumber
          • Leafy Greens (excluding lettuce)
          • Herbs
          • Others
        • Flowers & Ornamentals
          • Perennials
          • Annuals
          • Ornamentals
        • Others (Cannabis, Microgreens)
      • Brazil
        • Brazil Vertical Farming Market, By Structure
          • Shipping Container
          • Building-based
        • Brazil Vertical Farming Market, By Component
          • Hardware
            • Lighting
            • Hydroponic components
            • Climate control
            • Sensors
          • Software
          • Services
            • System Integration & Consulting
            • Managed Services
            • Assisted Professional Services
        • Brazil Vertical Farming Market, By Growing Mechanism
          • Hydroponics
          • Aeroponics
          • Aquaponics
        • Brazil Vertical Farming Market, By Crop Category
          • Fruits Vegetables, & Herbs
            • Tomato
            • Lettuce
            • Bell & Chili Peppers
            • Strawberry
            • Cucumber
            • Leafy Greens (excluding lettuce)
            • Herbs
            • Others
          • Flowers & Ornamentals
            • Perennials
            • Annuals
            • Ornamentals
          • Others (Cannabis, Microgreens)
    • Middle East and Africa (MEA)
      • MEA Vertical Farming Market, By Structure
        • Shipping Container
        • Building-based
      • MEA Vertical Farming Market, By Component
        • Hardware
          • Lighting
          • Hydroponic components
          • Climate control
          • Sensors
        • Software
        • Services
          • System Integration & Consulting
          • Managed Services
          • Assisted Professional Services
      • MEA Vertical Farming Market, By Growing Mechanism
        • Hydroponics
        • Aeroponics
        • Aquaponics
      • MEA Vertical Farming Market, By Crop Category
        • Fruits Vegetables, & Herbs
          • Tomato
          • Lettuce
          • Bell & Chili Peppers
          • Strawberry
          • Cucumber
          • Leafy Greens (excluding lettuce)
          • Herbs
          • Others
        • Flowers & Ornamentals
          • Perennials
          • Annuals
          • Ornamentals
        • Others (Cannabis, Microgreens)

Vertical Farming Market Dynamics

Drivers: Growing Demand for Food Across the Globe

The progress of the vertical farming market is accounted to reasons such as steady population growth, government incentives, restricted accessibility of cultivable land, and the surging demand for good-quality and fresh food. World Health Organization (WHO) and the Population Council report that approximately 55% of the global population resides in urban cities. However, the scarcity of land in urban areas has created a need for alternative solutions to produce fresh and nutritious crops. In response to this challenge, food producers are adopting vertical farming techniques, which enable cultivating crops indoors in multiple layers, within multi-story buildings, on stacked racks, or in warehouse-like structures. This approach utilizes vertical space efficiently and enables higher crop yields in a smaller footprint than traditional farming methods. By utilizing controlled environments and advanced technologies, vertical farming offers the potential to grow a wide range of crops throughout the year, regardless of external climate conditions.

Growing Adoption of Controlled Growing Environment

Vertical farming can be used in the huge-scale production of organic crops. Regulated developing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. The increasing adoption of controlled growing environments, including vertical farming, is driven by factors such as urbanization, resource efficiency, consumer demand for sustainable food, technological advancements, and supportive government policies. These growing environments offer the potential to produce food in urban areas, optimize resource usage, provide local and sustainable food options, leverage technology for efficiency, and contribute to food security. As the demand for food continues to rise, the adoption of controlled growing environments is expected to further increase and play a vital role in meeting the challenges of feeding a growing global population. In vertical farming, corps are grown under selected and well-regulated conditions that ensure optimal growth throughout the year. Compared to open-field agriculture, other farming practices such as vertical farm systems offer more crop rotation.

Restraint: Higher Initial Investments & Operational Cost

The high initial investment is the key factor restraining the growth of the market. Vertical farming requires warehouses for cultivation, and the high price of warehouses in an urban area compared to farmland further limits the adoption of vertical farming. In addition, the high cost of active heat systems, installing LEDs, creating a controlled environment, and high maintenance costs further restrain the market growth. The lack of funds for agriculture-related development hinders the growth of the market. Limited funding slows down the pace of research at universities and public institutions. Organizations such as AeroFarms (U.S.), Sundrop Farms (UK), and Gotham Greens (U.S.) are funding vertical farming techniques across Australia, U.S., and UK. The contribution of vertical farms to the global food system is minimal compared to conventional growing methods owing to their high production costs. However, growing technological advancements in lighting systems can minimize production costs in the coming years.

What Does This Report Include?

This section will provide insights into the contents included in this vertical farming market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Vertical farming market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Vertical farming market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the vertical farming market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for vertical farming market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of vertical farming market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Vertical Farming Market Categorization:

The vertical farming market was categorized into five segments, namely structure (Shipping Container, Building-based), components (Hardware, Software, Services), growing mechanism (Hydroponics, Aeroponics, Aquaponics), crop category (Fruits Vegetables, & Herbs, Flowers & Ornamentals), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The vertical farming market was segmented into structure, components, growing mechanism, crop category, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The vertical farming market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; Mexico; the UK.; Germany; France; Spain; Italy; China; India; Japan; South Korea; Singapore; Brazil..

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Vertical farming market companies & financials:

The vertical farming market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • AmHydro, AmHydro (American Hydroponics) is a U.S.-based organization that manufactures commercial food-grade growing systems for large and small commercial systems. The company also provides clean and local growing solutions. It develops nutrient formulations and additives and works with customers to create customized solutions for their needs. In addition, it offers various hydroponic systems, such as Nutrient Film Technique (NFT), Propagation Systems, Vine Crop Systems, Custom Systems, Medical Crop Systems, and Services & Consulting. The systems manufactured by the company are distributed in over 100 countries. Moreover, the company has partnered with prominent environmental control providers, greenhouse companies, and other industry experts.

  • AeroFarms, AeroFarms, a U.S.-based company, builds and operates environmentally responsible indoor vertical farming systems. The company announced that it secured B Corp certification, which signifies that the company has successfully met the rigorous standards set by B Lab and has been verified as a socially and environmentally responsible organization. It uses the aeroponic growing system to grow plants and herbs without sunlight or soil. In addition, it uses various smart technologies, such as Smart Aeroponics to use 95% less water than field farming and zero pesticides; Smart Lights to control the shape, size, color, and texture of plants; Smart Data to review, test, and improve the constantly growing system; and Smart Substrate, a reusable cloth medium, to plant seeds, germinate, grow, and harvest different herbs and plants.

  • BrightFarms, BrightFarms finances, designs, and builds indoor greenhouse farms at or near supermarkets to improve the supply chain by reducing time, cost, and distance. Moreover, the company focuses on improving the environmental effect of the food supply chain and increasing the relative consumption of fresh foods. The major aim of building greenhouses at or near supermarkets is to prioritize farmers, food quality, health, and the environment. The company’s farms produce fruits, vegetables, and herbs such as spinach, arugula, kale, basil, and tomatoes. It sells its products through retail stores in the U.S. and has formed retail partnerships with Giant Food Stores LLC (U.S.), Mariano's (U.S.), and McCaffrey's Food Markets (U.S.).

  • EVERLIGHT ELECTRONICS CO., LTD., EVERLIGHT ELECTRONICS CO., LTD. is a leading manufacturer and supplier of high-power LEDs and infrared components. The company offers products such as high-power LEDs, Surface-Mount Device (SMD) LEDs, lamps, LED lighting modules, lighting components, optocouplers, digital displays, and infrared components for several applications, including agriculture, appliances, automotive, consumer products, and industrial. Within the agriculture industry, the company provides different color LEDs for horticulture and aquaculture sub-applications. These LEDs are expected to provide additional colors that are required to be added to the spectrum to achieve high quality and efficiency. The company provides all types of colors needed for replicating sunlight. The color LEDs offered by the company find applications in hydroponic farming. The company has marked its presence in countries such as China, India, Germany, U.S., Canada, Japan, Hong Kong, and South Korea.

  • Freight Farms, Inc., Freight Farms, Inc. provides digital and physical solutions to create a local produce ecosystem. The company manufactures a flagship product called The Leafy Green Machine, a total hydroponic growing system that produces various herbs and vegetables. It also offers solutions to customers across North America and serves small businesses & entrepreneurs, hotels & restaurants, corporations, and educational institutions. In addition, it focuses on changing the food landscape by providing digital and physical solutions for forming a home-grown ecosystem on a global scale. The company decentralizes the food supply chain to focus on the reduction of impact on the environment caused by traditional agricultural practices. The company operates through 600+ farms in 41 countries, including 50 U.S. states and 3 territories.

  • GrowUp Group Limited, GrowUp Group Limited is a B Corp-certified company that builds sustainable commercial indoor urban farms. The firm is a small-scale agricultural production unit that focuses on aquaponics & vertical farming. It uses aquaponics technology and vertical farming to harvest vegetables, herbs, and fresh fish yearly. It has introduced GrowUp Box, an aquaponics urban farm that produces around 435 kg of salads and herbs and around 150 kg of fish yearly. It also has an aquaculture unit called Unit 84, which has about 4,800 fish in a re-circulating system.

  • Green Sense Farms Holdings, Inc., Green Sense Farms Holdings, Inc. is a U.S.-based company that builds commercial indoor vertical farms. The company uses effective indoor growing technologies to grow vegetables and herbs in grow rooms where all inputs are monitored and controlled. These grow rooms provide an ideal environment for plant growth and continuously monitor the humidity, temperature, lighting, and air circulation. The company has partnered with the top providers of growing equipment & greenhouse technology and integrated these technologies into its growing system.

  • Vertical Farm Systems, Vertical Farm Systems is a private company that builds and installs multi-level growing systems. The firm develops controlled environment agriculture systems to produce food irrespective of climate conditions and geographic location. It promotes an intelligent and integrated system that focuses on bioponics growing technologies (soilless farming technique), energy use, and water use. The XA Series Automated Vertical Farming System offers automated technology that solves traditional farmers' problems, such as reduced water availability and climate change. The technology has a strong return on investment that makes farming competitive and profitable. Advantages of this system include reliable harvest, minimum overhead, maximum crop yield, a wide range of crops, and integrated technologies.

  • Argus Control Systems Limited, Argus Control Systems Limited provides automated control systems for aquaculture, horticulture, and other related biotechnology industries worldwide, with the highest number of customers in North America. The company provides automation and specialty monitoring control applications to its customers. It also provides services related to integrated control for its customers’ facilities, such as remote assistance, on-site training & commissioning support, and routine & emergency support. The company serves its client in New Zealand, U.S., Canada, UK, Antarctica, and Australia.

  • LOGIQS B.V., LOGIQS B.V. is engaged in producing and designing vertical farm systems. In addition, the company designs and produces the automatic plant benching mechanism for greenhouse horticulture. It operates through three business segments, namely vertical farming, greenhouse automation, and warehouse automation. It has marked its regional presence across North America, South America, South Korea, Europe, and Asia Pacific.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Vertical Farming Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2017 to 2023, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Vertical Farming Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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