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Global Vertical Farming Tomato Market Outlook 2032: Global Opportunity and Demand Analysis, Market forecast To 2032
- Published :
Report ID: AG0027
Pages: 154
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global vertical farming tomato market is projected to grow significantly, registering a CAGR of 15.7% during the forecast period (2024 – 2032).
The Vertical Farming Tomato Market presents a focused scope with a classification based on types such as Hydroponics Planting, Aeroponics Planting, and others. This market caters to diverse applications, including Fruit Tomato and Vegetable Tomato. Offering specialized solutions for both hydroponic and aeroponic cultivation methods, stakeholders can access a range of options to meet the specific needs of growing tomatoes in vertical farming environments. This nuanced approach addresses the varying preferences and requirements within the market, positioning Vertical Farming Tomato Market as a comprehensive platform for hydroponic and aeroponic tomato cultivation for both fruit and vegetable purposes.
MARKET OVERVIEW:
Driver: Increasing global demand for sustainable and efficient agricultural practices is driving the market growth.
A key driver propelling the Vertical Farming Tomato Market is the increasing global demand for sustainable and efficient agricultural practices. Vertical farming offers a solution to the challenges of traditional agriculture, utilizing controlled environments to optimize resource efficiency, reduce land usage, and minimize environmental impact. As concerns about food security and environmental sustainability grow, vertical farming, especially for high-demand crops like tomatoes, becomes a crucial driver in meeting these challenges. The scalability and year-round production capabilities of vertical farming contribute to its adoption as a sustainable solution for the future of agriculture.
Opportunities: The rising urbanization is expected to pave the way for market growth in the upcoming years.
An emerging opportunity within the Vertical Farming Tomato Market is the rising urbanization and the demand for locally sourced, fresh produce. Urban areas face challenges in traditional agriculture due to limited space and transportation issues. Vertical farming, with its space-efficient nature and proximity to urban centers, addresses these challenges, presenting an opportunity to provide locally grown tomatoes year-round. This aligns with the increasing consumer preference for fresh, locally sourced produce, creating a market niche that vertical farming can effectively exploit.
COVID IMPACT:
The COVID-19 pandemic has underscored the importance of resilient and localized food supply chains, impacting the Vertical Farming Tomato Market. Disruptions in traditional agricultural supply chains led to a renewed interest in local and vertically farmed produce, as consumers sought reliable sources of fresh food. The pandemic accelerated the adoption of technology-driven agriculture, including vertical farming, as a means to ensure a consistent supply of tomatoes and other essential crops. This shift in consumer behavior and the emphasis on food security have positioned vertical farming as a viable and resilient solution in the post-pandemic agricultural landscape.
SEGMENTATION ANALYSIS:
Application segment of vertical farming tomato market are anticipated to grow significantly during the forecast period.
The Vertical Farming Tomato Market undergoes a meticulous segmentation analysis, delving into the intricacies of cultivation types and varied applications to offer a nuanced perspective for industry participants.
Within the market, distinct cultivation methodologies take center stage. Hydroponics Planting stands out as a frontrunner, involving soil-less cultivation with nutrient-enriched water solutions. This method aligns with precision agriculture, ensuring efficient resource utilization and controlled growth conditions, making it a go-to for large-scale vertical farming initiatives. Meanwhile, Aeroponics Planting emerges as a cutting-edge alternative, where tomatoes thrive on nutrient-rich misted air. Recognized for its space-saving efficiency, aeroponics contributes to heightened productivity in the controlled environments of vertical farms. The “Others” category adds an element of innovation, acknowledging the continuous evolution of agricultural techniques employed in the dynamic landscape of vertical tomato farming.
The market strategically addresses the diverse end-use scenarios through application segmentation. Fruit Tomato cultivation caters to those emphasizing flavorful and high-quality tomatoes for fresh consumption. This includes popular varieties like cherry tomatoes, meeting the demand for premium, snackable produce. In contrast, the Vegetable Tomato segment is tailored for culinary uses, processing, and incorporation into various dishes. Acknowledging the versatility of tomatoes as a fundamental ingredient, this segment plays a crucial role in supplying tomatoes destined for an array of food products, contributing to the culinary landscape.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
Asia-Pacific’s dominance in the vertical farming market is underpinned by a confluence of factors, with the region experiencing unprecedented population growth and a surge in food demand. The exponential rise in population levels within Asia-Pacific, coupled with urbanization trends, has intensified the need for innovative agricultural solutions to ensure food security. As traditional farming faces challenges related to land availability, water scarcity, and climate variability, vertical farming emerges as a strategic response to these constraints. The heightened food demand within the region, driven by a burgeoning population and evolving dietary patterns, necessitates sustainable and efficient farming practices. Vertical farming, with its space-saving, resource-efficient, and climate-controlled environments, provides a viable solution to meet the escalating demand for fresh produce like vegetables, including tomatoes. The technology-intensive approach of vertical farming allows for year-round cultivation, overcoming seasonal limitations and ensuring a consistent supply of high-quality tomatoes.
Governments in Asia-Pacific, recognizing the critical role of agriculture in ensuring food security, are increasingly investing in and supporting vertical farming initiatives. The region’s dominance in the vertical farming market reflects a proactive response to the challenges posed by population growth and the imperative to establish resilient and sustainable agricultural systems for the future. As a result, Asia-Pacific stands as a innovator in adopting vertical farming practices to address the pressing issues of food demand and security.
COMPETITIVE ANALYSIS
The global vertical farming tomato market is reasonably competitive with mergers, acquisitions, and Application launches. See some of the major key players in the market.
- AeroFarms
- June 15, 2023: AeroFarms Celebrates Prestigious Win at Retail Touchpoints’ Brand Experience Awards. In a momentous achievement, AeroFarms, a Certified B Corporation and a trailblazer in indoor vertical farming, proudly announced its triumph as a winner of the esteemed Retail Touchpoints’ Brand Experience Awards. This recognition serves as a testament to AeroFarms’ exceptional digital brand experiences, skillfully designed to resonate with consumers and foster increased sales and customer engagement around the company’s FlavorSpectrum™ featuring flavorful and nutritious microgreens. The Retail Touchpoints’ Brand Experience Awards, renowned for celebrating excellence in crafting immersive brand experiences across diverse touchpoints, acknowledged AeroFarms for its standout performance. The company’s commitment to capturing customers’ attention and affection throughout the shopping journey, thus redefining the dynamics of interaction, engagement, and loyalty, distinguished it among a highly competitive field. This accolade not only reflects AeroFarms’ innovative approach but also underscores its dedication to creating memorable and impactful connections with consumers in the realm of indoor vertical farming.
- Lufa Farms
- Lufa Farms, in an exciting development, announced the successful construction of its fourth commercial rooftop greenhouse, now completed in the borough of Saint-Laurent. Boasting an impressive size of 163,800 square feet, equivalent to about three football fields, this monumental greenhouse now stands as the largest rooftop farm globally. The construction, initiated in September of the same year, reached completion ahead of schedule in March 2020, coinciding with the tenth anniversary of Lufa Farms’ establishment in 2009. This groundbreaking initiative underscores Lufa Farms’ commitment to sustainable urban agriculture, repurposing an existing industrial rooftop to realize their vision of cultivating food in close proximity to urban dwellers. The new greenhouse not only sets a record for size but also signifies a leap in energy efficiency, incorporating lessons learned from a decade of experience.
- Gotham Greens
- Garden Fresh Farms
- Sky Greens
- Plenty (Bright Farms)
- Mirai
- Spread
- Green Sense Farms
- Scatil
Scope of the Report
- By Type
- Hydroponics Planting
- Aeroponics Planting
- Others
- By Application
- Fruit Tomato
- Vegetable Tomato
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Keys reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the Vertical Farming Tomato Market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Vertical Farming Tomato submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Vertical Farming Tomato Market Overview By Region: 2019 VS 2023 VS 2032
- Global Vertical Farming Tomato Market Size by Region (2019-2022) (USD Million)
- North America Vertical Farming Tomato Market Size by Country (2019-2022) (USD Million)
- Europe Vertical Farming Tomato Market Size by Country (2019-2022) (USD Million)
- Asia Pacific America Vertical Farming Tomato Market Size by Country (2019-2022) (USD Million)
- Rest of the World Vertical Farming Tomato Market Size by Country (2019-2022) (USD Million)
- Global Vertical Farming Tomato Market Size by Region (2024-2032) (USD Million)
- North America Vertical Farming Tomato Market Size by Country (2024-2032) (USD Million)
- Europe Vertical Farming Tomato Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size by Country (2024-2032) (USD Million)
- Rest of the World Vertical Farming Tomato Market Size by Country (2024-2032) (USD Million)
- Global Vertical Farming Tomato Market Size by Region (2019-2022) (USD Million)
- Global Vertical Farming Tomato Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- Covid-19 Impact Analysis on Global Vertical Farming Tomato Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Vertical Farming Tomato Market, By Type
- Overview
- Key Findings for Vertical Farming Tomato Market – By Type
- Hydroponics Planting
- Aeroponics Planting
- Others
- Global Vertical Farming Tomato Market, By Application
- Overview
- Key Findings for Vertical Farming Tomato Market – By Application
- Fruit Tomato
- Vegetable Tomato
- Global Vertical Farming Tomato Market, by region
- Key Findings for Vertical Farming Tomato Market- By region
- Overview
- Global Vertical Farming Tomato Market, By Type
- Global Vertical Farming Tomato Market, By Application
- Global Vertical Farming Tomato Market- North America
- Global Vertical Farming Tomato Market- Europe
- Overview
- Europe Vertical Farming Tomato Market Size (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market, By Type
- Europe Vertical Farming Tomato Market, By Application
- Europe Vertical Farming Tomato Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Vertical Farming Tomato Market – Asia Pacific
- Overview
- Asia Pacific Vertical Farming Tomato Market Size (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market, By Type
- Asia Pacific Vertical Farming Tomato Market, By Application
- Asia Pacific Vertical Farming Tomato Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Vertical Farming Tomato Market- Rest of World
- Overview
- Rest of World Vertical Farming Tomato Market Size (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market, By Type
- Rest of World Vertical Farming Tomato Market, By Application
- Rest of World Vertical Farming Tomato Market Size by Region
- Middle East & Africa
- Latin America
- Rest Of The World
- GLOBAL Vertical Farming Tomato Market- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- GLOBAL Vertical Farming Tomato Market- Company Profiles
- AeroFarms
- Company Overview
- Financial Overview
- Application Offered
- Key Developments
- AeroFarms
- Lufa Farms
- Gotham Greens
- Garden Fresh Farms
- Sky Greens
- Plenty (Bright Farms)
- Mirai
- Spread
- Green Sense Farms
- Scatil
- AeroFarms
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations for The Study
- Research & forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Vertical Farming Tomato Historic Market Size By Region (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato forecasted Market Size By Region (2024-2032) (USD Million)
- Global Vertical Farming Tomato Market- Drivers
- Global Vertical Farming Tomato Market- Restraint /Challenges
- Global Vertical Farming Tomato Market- Opportunity Analysis
- Global Vertical Farming Tomato Market Size By Type (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Hydroponics Planting (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Aeroponics Planting (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Others (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Application (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Fruit Tomato (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Vegetable Tomato (2019 – 2032) (USD Million)
- North America Vertical Farming Tomato Market Size By Type (2019 – 2032) (USD Million)
- North America Vertical Farming Tomato Market Size By Hydroponics Planting (2019 – 2032) (USD Million)
- North America Vertical Farming Tomato Market Size By Aeroponics Planting (2019 – 2032) (USD Million)
- North America Vertical Farming Tomato Market Size By Application (2019 – 2032) (USD Million)
- North America Vertical Farming Tomato Market Size By Fruit Tomato (2019 – 2032) (USD Million)
- North America Vertical Farming Tomato Market Size By Vegetable Tomato (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market Size By Type (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market Size By Hydroponics Planting (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market Size By Aeroponics Planting (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market Size By Others (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market Size By Application (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market Size By Fruit Tomato (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato Market Size By Vegetable Tomato (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size By Type (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size By Hydroponics Planting (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size By Aeroponics Planting (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size By Application (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size By Fruit Tomato (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato Market Size By Vegetable Tomato (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market Size By Type (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market Size By Hydroponics Planting (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market Size By Aeroponics Planting (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market Size By Application (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market Size By Fruit Tomato (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato Market Size By Vegetable Tomato (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Vertical Farming Tomato Market Size By Type: 2023 VS 2032
- Global Vertical Farming Tomato Market Size by Application: 2023 VS 2032
- Global Vertical Farming Tomato Market Size By Type (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Hydroponics Planting (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Aeroponics Planting (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Others (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Application (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Fruit Tomato (2019 – 2032) (USD Million)
- Global Vertical Farming Tomato Market Size By Vegetable Tomato (2019 – 2032) (USD Million)
- Market By Region
- North America Vertical Farming Tomato Market Size (2019 – 2032) (USD Million)
- North America Vertical Farming Tomato By United States Revenue (USD Million) (2019 – 2032)
- North America Vertical Farming Tomato By Canada Revenue (USD Million 2019 – 2032)
- Europe Vertical Farming Tomato Market Size (2019 – 2032) (USD Million)
- Europe Vertical Farming Tomato By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Vertical Farming Tomato By Germany Revenue (USD Million 2019 – 2032)
- Europe Vertical Farming Tomato By France Revenue (USD Million 2019 – 2032)
- Europe Vertical Farming Tomato By Italy Revenue (USD Million 2019 – 2032)
- Europe Vertical Farming Tomato By Spain Revenue (USD Million 2019 – 2032)
- Europe Vertical Farming Tomato By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Vertical Farming Tomato Market Size (2019 – 2032) (USD Million)
- Asia Pacific Vertical Farming Tomato By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Vertical Farming Tomato By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Vertical Farming Tomato By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Vertical Farming Tomato By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Vertical Farming Tomato Market Size (2019 – 2032) (USD Million)
- Rest of World Vertical Farming Tomato By the Middle East & Africa Revenue (USD Million) (2019 – 2032)
- Rest of World Vertical Farming Tomato By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Vertical Farming Tomato By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Vertical Farming Tomato Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
