Urban farming is growing, processing and distribution of food and other products through plant cultivation in and around cities for serving local inhabitants. Increasing urbanization around the world is resulting in significant demand for urban farming. Urban farming is gaining prominence owing to lower transportation cost and supply of fresh nutritious products at competitive prices.
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In 2015, urban farms produced 20% of the world’s food and around 800 million people were engaged in urban farming globally. Despite of continuous growth, the market has limitations due to unrecognized agricultural policies and lack of urban planning. The report study covers the market analysis of crop produce related to urban farming which is estimated to grow at XX% CAGR during 2016-2021.
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Global urban farming market is categorized and analyzed based on farm type and crop type. Commercial farms including large and medium fields and closed environment systems like aquaponics, hydroponics held the largest share in the market followed by community based farming and home gardens, backyard farming. Along with the food crops many medicinal herbs, ornamental plants are grown. Rising demand for organic, fresh and nutritious produce propels the investments in urban farming space.
Several urban farming projects are being established by agri-business firms to meet the needs of food service and packaged food sector. The market has been analyzed at regional level and key countries in each region. Government support, investments are studied to provide comprehensive analysis on market dynamics.
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