Crowd Farming Market to Grow with a CAGR of 6.21% through 2029
Advancements in agricultural technology and rise Of
E-Commerce in agriculture is expected to drive the Global Crowd Farming Market
growth in the forecast period, 2025-2029.
According to
TechSci Research report, “Crowd Farming Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F”, the
Global Crowd Farming Market stood at USD
120.32 Million in 2023 and is anticipated to project steady growth in
the forecast period with a CAGR of 6.21% through 2029. The global crowd farming market is
driven by several factors. One major driver is the increasing consumer
awareness about the origin of their food and a desire for organic,
locally-sourced products. This market is also propelled by technological
advancements like digital platforms that connect farmers directly with
consumers. Additionally, the shift towards more sustainable farming practices
and the demand for transparency in food supply chains also fuel the growth of
the crowd farming market. Crowd
farming provides an alternative income source for small-scale farmers, boosting
its popularity further.
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"Global Crowd Farming Market”
The global crowd
farming market is experiencing significant growth, driven by the rising
consumer interest in sustainable farming methods and the increasing desire to
directly invest in and connect with the agricultural sector. This innovative
model not only allows individuals to invest in a farm or a specific crop but
also creates a closer relationship between producers and consumers, bridging
the gap and fostering transparency in the food production process. With the
advent of digital platforms, farmers now have the opportunity to reach
potential investors from all corners of the world, expanding their networks and
opening up new avenues for collaboration. These platforms provide a seamless
and efficient way for farmers to showcase their projects, attract funding, and
establish valuable connections with like-minded individuals who share the same
passion for sustainable agriculture.
Furthermore, the
global crowd farming market offers numerous benefits for both farmers and
consumers. For farmers, crowd farming provides access to much-needed funds and
resources, enabling them to expand their operations, invest in advanced
technologies, and implement sustainable practices. It also allows them to
diversify their sources of income and reduce their dependence on traditional
market channels. On the other hand, consumers benefit from crowd farming by
gaining a deeper understanding of where their food comes from and how it is
produced. They can actively participate in the agricultural process, support
local farmers, and have a direct impact on promoting sustainability in the food
system.
While the growth
prospects for the global crowd farming market look promising, there are still
some challenges that need to be addressed. Regulatory uncertainties surrounding
investment in agriculture and logistical issues related to supply chain
management pose potential hurdles for the market's future trajectory. However,
with ongoing efforts to streamline regulations and advancements in technology,
these challenges can be overcome, paving the way for further expansion and
development in the crowd farming sector.
The global crowd
farming market is on an upward trajectory, driven by the increasing demand for
sustainable farming practices and the desire for direct involvement in the
agricultural industry. As digital platforms continue to connect farmers and
investors worldwide, the potential for growth and innovation in this market is
immense. Despite the challenges that lie ahead, the future of crowd farming
holds great promise for a more sustainable and connected food system, ensuring
a brighter future for both farmers and consumers alike.
The global crowd
farming market is segmented into Agri-commodity, platform, regional
distribution, and company.
Based on Agri-commodity,
the fruits and vegetables segment in the global crowd farming market is
experiencing rapid growth, driven by several compelling factors. The increasing
health consciousness among consumers has led to a surge in demand for fresh and
organic produce. People are becoming more aware of the importance of consuming
nutritious food to maintain a healthy lifestyle, and this has significantly
influenced their preferences in the market. Crowd farming has emerged as a
solution that facilitates a direct connection between farmers and consumers.
This direct link ensures the freshness and traceability of the produce, which
are highly valued features in today's market. Consumers are seeking
transparency and reassurance regarding the origin and quality of the food they
consume, and crowd farming provides them with the perfect platform to establish
this trust.
Moreover, crowd
farming aligns with sustainable and organic farming practices, which are
becoming increasingly important in addressing environmental concerns. Consumers
are actively seeking out products that are produced using eco-friendly methods,
and crowd farming offers a way to meet this rising demand. By supporting sustainable
agriculture and reducing the carbon footprint, crowd farming contributes to the
overall goal of preserving our planet for future generations. Therefore, the
combination of health trends, transparency, and sustainability has created a
favorable environment for the rapid growth of the fruits and vegetables segment
in the crowd farming market. As consumers continue to prioritize their
well-being, environmental consciousness, and the desire for a direct connection
with food producers, the fruits and vegetables segment is poised to thrive in
the evolving landscape of crowd farming.
Based on region,
the North American region currently dominates the global crowd farming market,
leveraging its advanced technology, well-established infrastructure, and robust
supply chains. With its proactive approach towards embracing innovative farming
techniques, North America has witnessed a remarkable surge in crowd-farming
platforms, empowering consumers to directly invest in farm products or livestock.
This not only guarantees enhanced transparency in food production but also
fosters the adoption of sustainable farming practices, ensuring a greener
future. By connecting farmers and consumers more directly, crowd farming
promotes a deeper understanding and appreciation of the agricultural process.
It enables consumers to have a closer relationship with the food they consume,
fostering a sense of trust and connection.
Furthermore, the
region's high level of internet penetration and widespread adoption of digital
payment methods serve as catalysts for the continuous growth and expansion of
the crowd farming market. This thriving ecosystem revolutionizes the way we
engage with agriculture and food production, making it more accessible and
convenient for both farmers and consumers. As a result, the North American
crowd farming market is setting new standards in terms of efficiency,
sustainability, and consumer empowerment. With its emphasis on transparency,
sustainability, and community engagement, the North American crowd farming
market is not only reshaping the agricultural landscape but also paving the way
for a more responsible and inclusive food system. It represents a paradigm
shift in how we think about and interact with agriculture, ultimately leading
to a more resilient and equitable future for all.
Major companies
operating in Global Crowd Farming Market are:
- Steward Technologies LLC
- IndieGoGo (crowdfarming.com)
- Crofarm Agriproducts Pvt Ltd.
- Money Farm Gambia
- Crowd Farm Africa Limited
- Farmcrowdy Limited
- eFarms
- Livestock Wealth (Pty) Ltd.
- Complete Farmer Limited
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“The global
crowd farming market is poised for substantial growth in the future. This
growth will be propelled by various factors, including increased consumer
awareness about sustainable agriculture and the importance of reducing food
miles. People are becoming more conscious of their food choices and are
actively seeking ways to support local farmers. Furthermore, the advancements
in digital platforms and mobile technologies have made it easier than ever for
consumers to participate in crowd farming. These technological developments
have created seamless and user-friendly experiences, encouraging more
individuals to engage in this emerging market. With the continued emphasis on
farm-to-table consumption and the growing demand for transparent food supply
chains, the future of the global crowd farming market looks exceedingly promising.
As consumers become more invested in knowing where their food comes from and
supporting sustainable practices, crowd farming presents an innovative solution
that aligns with these values.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Crowd Farming Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, Segmented By Agri-Commodity
(Fruits & Vegetables, Grains, Livestock & Their Products, Others), By Platform
(Website-Based and Mobile Apps), By Region and Competition, 2019-2029F”, has evaluated
the future growth potential of Global Crowd Farming Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Crowd Farming Market.
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