Investment Potential and Market Dynamics of the Growing Global Crowd Farming Industry
According to a research report published by Spherical Insights & Consulting, the Global Crowd Farming Market Size Expected to Grow from USD 118.35 Million in 2023 to USD 214.05 Million by 2033, at a CAGR of 6.1% during the forecast period 2023-2033.
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In crowd farming farmers are directly connected with consumers, and people are allowed to invest in and benefit from agricultural projects. This is with the help of this creative method, people can buy a portion of a farmer’s harvest ahead of time, thereby turning into “mini-owners” of a particular agricultural commodity, like a tree, a beehive, or even a vineyard. It ensures traceability and transparency while giving customers a direct say in the farming methods they support. Because the product is picked and sent directly from the farm to the customer, crowd farming also guarantees that it is fresh and of the highest quality. Furthermore, it is anticipated that the growing demand for organic products worldwide will greatly boost crowd farming’s acceptance and popularity. Customers are searching for organic products free of dangerous chemicals and genetically modified organisms as they grow more environmentally and health conscious. However, crowd farming, an innovative agricultural model that connects farmers directly to consumers, is facing challenges in its global adoption, owing primarily to a lack of awareness.
Browse key industry insights spread across 240 pages with 140 Market data tables and figures & charts from the report on the Global Crowd Farming Market Size, Share, and COVID-19 Impact Analysis, By Agri-Commodity (Fruits & Vegetables, Grains, Livestock & Their Products, Others), By Platform (Website-Based, Mobile Apps), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The livestock & their products segment is anticipated to hold the largest share of the global crowd farming market during the forecast period.
Based on the agri-commodity, the global crowd farming market is divided into fruits & vegetables, grains, livestock & their products, and others. Among these, the livestock & their products segment is anticipated to hold the largest share of the global crowd farming market during the forecast period. People are more conscious of their food choices; people seek out products that are both nutritious and environmentally friendly. In crowd farming, there are issues with encouraging sustainable practices and lowering the carbon footprint of food production.
The mobile apps segment is anticipated to hold the largest share of the global crowd-farming market during the forecast period.
Based on the platform, the global crowd-farming market is divided into website-based and mobile apps. Among these, the mobile apps segment is anticipated to hold the largest share of the global crowd-farming market during the forecast period. The greater accessibility and convenience that mobile apps provide their users is the reason behind this growth. Due to cell phones’ widespread use across a range of demographics, people may now manage their agricultural assets while on the go.
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North America is expected to hold the largest share of the global crowd-farming market over the predicted timeframe.
North America is expected to hold the largest share of the global crowd-farming market over the predicted timeframe. This is due to a variety of factors. Consumers are increasingly aware of the importance of sustainable farming techniques. The growth of crowd-farming techniques has been greatly aided by North America’s strong emphasis on farm-to-table ideas. This increases consumers’ interest and participation in crowd farming, and consumers feel more connected to the source of their food.
Asia Pacific is anticipated to grow at the fastest CAGR growth of the global crowd-farming market during the forecast period. This is due to countries such as India, China, and Japan relying heavily on agriculture to improve their economic conditions.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global foliar spray market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Crowd Farming Market are Steward Technologies LLC, IndieGoGo (crowdfarming.com), Crofarm Agriproducts Pvt Ltd., Money Farm Gambia, Crowd Farm Africa Limited, Farmcrowdy, eFarms, Livestock Wealth (Pty) Ltd., Complete Farmer Limited, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2022 to 2033. Spherical Insights has segmented the global crowd-farming market based on the below-mentioned segments:
Global Crowd Farming Market, By Agri-Commodity
- Fruits & Vegetables
- Grains
- Livestock & Their Products
- Others
Global Crowd Farming Market, By Platform
- Website-Based
- Mobile Apps
Global Crowd Farming Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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