Increased Popularity of Organic Foods to Hasten US Vertical Farming Market Growth

The US vertical farming market is anticipated to grow significantly at a CAGR of 19.0% over the forecast period (2020-2026). The key aspect that drives the growth of the US vertical farming market is the rising popularity of organic foods, especially among the young generation. Organic food products are generally produced through a farming system that does not involve the use of pesticides, growth regulators, or synthetic fertilizers. There has been an increased awareness among the millennials regarding the source of the food that is to be consumed on a daily basis. Owing to this, the demand for organic food is likely to witness an upsurge, thus, vertical farming is poised to be rapidly adopted. Hence, the shift of the consumers towards the adoption of organic food items is likely to create significant scope for the growth of the US vertical farming market over the forecast period. 

Browse the full report description of "US Vertical Farming Market Size, Share & Trends Analysis Report by Structure Type (Building-based Vertical Farming and Shipping Container-based Vertical Farming), by Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), and by Component (Sensors, Lighting, Climatic Controls, Irrigation Component, Building Material, and Other Components) Forecast, 2020-2026" at  https://www.omrglobal.com/industry-reports/us-vertical-farming-market

Besides, the presence of the various regional players also supports market growth during the forecast period. Players such as 4D Bios Inc., AeroFarms, American Hydroponics Systems Inc. (AMHYDRO), CropBox (Vertical Crop Consultants), FarmvisionAI (Illumitex Inc.), Freight Farms, Hort Americas, Indoor Harvest Corp., and Signify Holding (Koninklijke Philips N.V.) among others are contributing to the market growth. For instance, in December 2019, AeroFarms invested approximately $42 million for the manufacturing of an indoor vertical farm in the US. Hence, this is expected to contribute to the US vertical farming market growth over the forecast period.

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Structure Type, Growth Mechanism, and Components
• Country Covered- The US
• Competitive Landscape- 4D Bios Inc., AeroFarms, American Hydroponics Systems Inc. (AMHYDRO), CropBox (Vertical Crop Consultants), FarmvisionAI (Illumitex Inc.), Freight Farms, Hort Americas, Indoor Harvest Corp., and Signify Holding (Koninklijke Philips N.V.) among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Vertical Farming Market – Segmentation

By Structure Type

• Building-based Vertical Farming
• Shipping Container-based Vertical Farming

By Growth Mechanism

• Aeroponics
• Hydroponics
• Aquaponics

By Component

• Sensors
• Lighting
• Climatic Controls
• Irrigation Component
• Building Material
• Other Components

To learn more about this report request a free sample copy @  https://www.omrglobal.com/request-sample/us-vertical-farming-market