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, 2024-2028.
According to TechSci Research report, “Crowd Farming Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Crowd Farming Market is anticipated to grow with a CAGR of 6.21% in the forecast period, 2024-2028. 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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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.
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Major companies operating in Global Crowd Farming Market are:
- Steward
- IndieGoGo (crowdfarming.com)
- Crofarm Agriproducts Pvt Ltd.
- Money Farm Gambia
- Crowd Farm Africa Limited
- Farmcrowdy
- eFarms
- Livestock Wealth (Pty) Ltd.
- Complete Farmer Limited
“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, 2018-2028 Segmented By Agri-Commodity (Fruits & Vegetables, Grains, Livestock & Their Products, Others), By Platform (Website-Based and Mobile Apps), By Region and Competition”, 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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