[Research Report] The vertical farming crops market was valued at US$ 282.80 million in 2021 and is projected to reach US$ 1,057.75 million by 2028. It is expected to grow at a CAGR of 20.7% from 2021 to 2028.
Vertical farming involves growing crops in vertically-stacked layers in trays consisting of nutrient media. It is a modern agricultural technique that does not use soil or land for growing crops. Moreover, it does not use pesticides, chemical fertilizers, or other synthetic materials usually used in conventional agricultural practices. Vertical farming is being increasingly adopted in urban areas with a shortage of arable land.
Asia Pacific is expected to grow at the fastest CAGR in the global vertical farming crops market over the forecast period. The major factors fueling the market are technological innovations and increasing demand for organic food. The population in the Asia-Pacific is rising dramatically. The increasing population is stimulating food demand, which further offers opportunities for the vertical farming crops market players. Moreover, the rising urbanization and increasing adoption of modern agricultural practices are also propelling the market.
Furthermore, major vertical farming crops market players are focusing actively on innovations. Key companies are investing heavily in R&D and are adopting emerging technologies to boost their production. For instance, a Sydney-based start-up, PodPlants, has developed lightweight and portable vertical gardens and has won the Australian Innovation Challenge for its unique technology. Such technological advancements are projected to boost the regional market growth in the forthcoming period.
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Vertical Farming Crops Market: Strategic Insights
Market Size Value in US$ 282.80 Million in 2021 Market Size Value by US$ 1,057.75 Million by 2028 Growth rate CAGR of 20.7% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Vertical Farming Crops Market: Strategic Insights
| Market Size Value in | US$ 282.80 Million in 2021 |
| Market Size Value by | US$ 1,057.75 Million by 2028 |
| Growth rate | CAGR of 20.7% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 on Vertical Farming Crops Market
The COVID-19 pandemic has brought unprecedented challenges across various industries, including the global food and beverage industry. Due to lockdowns, travel bans, and shutdown of manufacturing plants, the supply chains were severely disrupted, which led to a decline in sales. Moreover, the manufacturing sector faced a shortfall in product supply because of the shortage of raw materials and labor. However, the vertical farming crops market witnessed positive growth due to the demand for locally-produced, fresh, and organic products. Moreover, the rise in health consciousness among individuals is projected to open profitable growth opportunities for vertically farmed crops over the coming years.
Market Insights
The Rising Popularity of AI-Controlled Vertical Farms
AI-controlled vertical farms enable growers to optimize crop yield by providing data related to the growth patterns of crops, which crops give better yield, climatic conditions required for the crops, and other such factors. Growers can analyze this data and take required actions to improve their yield. Artificial intelligence (AI) can help the industry confront the biggest challenges, such as climatic changes and low availability of resources, from controlling major crop growth to predicting what crops would be delivering better yields. Artificial intelligence is also rising, with over 1,600 start-ups and total investments reaching tens of billions of dollars. The AI-controlled robots monitor the plant growth and continuously adjust the environmental factors to ensure more efficiency and economic output. Thus, artificial intelligence (AI) and the internet of things (IoT) are expected to be the key trends in the vertical farming crops market.
Crop Type Insights
Based on the crop type, the vertical farming crops market has been segmented into tomatoes, leafy greens, herbs, and others. The leafy greens segment accounted for the largest market share in 2019, and the herbs segment is expected to register the highest CAGR in the market during the forecast period. Leafy greens include lettuce, kale, collard greens, spinach, mizuna, beet greens, and microgreens. Leafy greens are suitable for indoor farming because they can be grown rapidly and in relatively small spaces. The rising demand for fresh leafy vegetables from food retail and the food service sector is one of the primary factors driving the segment’s growth. Moreover, the rising trend of “fresh-from-farm-to-table” is also propelling the demand for vertically farmed leafy greens. The surge in research expenditure for indoor cultivation of leafy greens crops is offering lucrative opportunities for market growth.
End-Use Insights
Based on the end-use industry, the vertical farming crops market has been segmented into food service and food retail. The food retail segment accounted for a larger market share in 2020. The food service segment is expected to register a higher CAGR during the forecast period due to increased demand for fresh and high-quality produce from local food distributors, restaurants and cafes, and quick service restaurants. Moreover, growing customer inclination towards consuming fresh salads in restaurants and cafes is driving the demand for vertical farming crops from the food service sector. Some market players are partnering with food service providers to expand the business. For instance, in January 2019, foodservice suppliers Van Gelder and PlantLab, entered into a partnership to produce various fresh vegetables in PlantLab’s fully controlled vertical farming unit. Such partnerships are expected to boost the market over the coming years further.
Farming Technique Insights
Based on the farming technique, the vertical farming crops market has been segmented into hydroponics, aeroponics, and aquaponics. The hydroponics segment accounted for the largest market share in 2020, and the aeroponics segment is expected to register the highest CAGR in the market during the forecast period. In hydroponics, plant roots are submerged in trays containing nutrient solutions. Over the past few years, urban farming using vertical hydroponic systems has gained much attention. These hydroponic farms can optimize plant growth using the latest technology, providing fresh produce while minimizing water usage, land space, transport costs, and pesticides usage. Hydroponics usually generate high-quality crops, and by employing emerging technologies such as artificial intelligence (AI) and internet of things (IoT) technology, the growers get better crop yields.
A few key players in the global vertical farming market are AeroFarms, Agricool, BOWERY FARMING INC., CropOne, Infarm, Plantlab, Plenty Unlimited Inc., Gotham Greens, MIRAI Co. Ltd., and BrightFarms. These companies are investing huge amounts in emerging technologies to boost their crop yield and produce high-quality crops at affordable prices.
Vertical Farming Crops Market Report Scope
Report Spotlights
- Progressive industry trends in the vertical farming crops market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the vertical farming crops market from 2019 to 2028
- Estimation of global demand for vertical farming crops
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the vertical farming crops market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the vertical farming crops market size at various nodes
- Detailed overview and segmentation of the market, as well as the vertical farming crops industry dynamics
- Size of the vertical farming crops market in various regions with promising growth opportunities.
Based on the crop type, the vertical farming crops market is segmented into tomatoes, leafy greens, herbs, and others. Based on the end-use industry, the market is segmented into food retail and food service. Based on the farming technique, the market is segmented into hydroponics, aeroponics, and aquaponics.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Crop Type , End Use , and Farming Technique
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on end-user, the food service segment is projected to grow at the fastest CAGR from 2021 to 2028 owing to the rapidly expanding global food service sector coupled with rising demand for convenience, ready-to-consume, and healthy food products.
Based on crop type, the herbs segment is projected to grow at the fastest CAGR over the forecast period owing to the growing demand for high-quality and fresh herbs such as mint, coriander, parsley, basil, rosemary, among others from food retail as well as food service sector.
In 2020, Europe held the largest share in the global vertical farming crops market. The rising adoption of technologically advanced farming techniques coupled with the increasing demand for pesticide-free, hygienically produced agricultural products are they key factors driving the market growth.
The major players operating in the global vertical farming crops market are AeroFarms, Agricool, Bowery Farming Inc., CropOne, Infarm, Plantlab, Plenty Unlimited Inc., Gotham Greens, MIRAI Co., Ltd., and BrightFarms, among others.
Based on farming technique, the hydroponics segment held the largest market share in 2020. Hydroponics involves submerging the plant roots in trays containing nutrient solutions. In hydroponics, 90% less water is utilized compared to traditional agriculture methods. The rising popularity of hydroponics over conventional agricultural practices owing to its benefits is primarily driving the segment’s growth.
Vertical farming crops are crops grown in vertically stacked containers or trays containing nutrient media. Crops such as tomatoes, leafy greens, herbs, berries, bell peppers, cucumber, among others are majorly grown using vertical farming techniques. Hydroponics, aeroponics, and aquaponics are some of the prominent vertical farming methods. Food retail and food service sectors are the key end-users of vertical farming crops.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Assumptions & Limitations:
4. Vertical Farming Crops Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East & Africa
4.2.5 South and Central America
4.3 Expert Opinion
5. Vertical Farming Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Fresh, Pesticide-Free, and Locally Grown Produce
5.1.2 Limited Availability of Arable Land for Conventional Agriculture
5.2 Market Restraints
5.2.1 High Initial Investment
5.3 Market Opportunities
5.3.1 Increasing Demand for Vertical Farming in Highly Populated Urban Regions
5.4 Future Trends
5.4.1 AI-Controlled Vertical Farms
5.4.2 Rising Awareness and Adoption Regarding Terraponics
5.5 Impact Analysis of Drivers and Restraints
6. Vertical Farming Crops – Global Market Analysis
6.1 Vertical Farming Crops Market Overview
6.2 Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Key Market Players
7. Vertical Farming Market Analysis – By Crop Type
7.1 Overview
7.2 Vertical Farming Market, By Crop Type (2020 and 2028)
7.3 Tomato
7.3.1 Overview
7.3.2 Tomato: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Leafy Greens
7.4.1 Overview
7.4.2 Leafy Greens: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Herbs
7.5.1 Overview
7.5.2 Herbs: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
8. Vertical Farming Market Analysis – By End-Use
8.1 Overview
8.2 Vertical Farming Crops Market, By End-Use (2020 and 2028)
8.3 Food Retail
8.3.1 Overview
8.3.2 Food Retail: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Food Service
8.4.1 Overview
8.4.2 Food Service: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
9. Vertical Farming Market Analysis – By Farming Technique
9.1 Overview
9.2 Vertical Farming Crops Market, By Farming Technique (2020 and 2028)
9.3 Hydroponics
9.3.1 Overview
9.3.2 Hydroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
9.4 Aeroponics
9.4.1 Overview
9.4.2 Aeroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
9.5 Aquaponics
9.5.1 Overview
9.5.2 Aquaponics: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
10. Vertical Farming Crops Market – Geographic Analysis
10.1 Overview
10.3 North America: Vertical Farming Crops Market
10.3.1 North America: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 North America: Vertical Farming Crops Market, by Crop Type
10.3.3 North America: Vertical Farming Crops Market, by End-Use
10.3.4 North America: Vertical Farming Crops Market, by Farming Technique
10.3.5 North America: Vertical Farming Crops Market, by Key Country
10.3.6 North America Vertical Farming Crops Market, by Country – Revenue and Forecast to 2028 (US$ Million)
10.3.6.1 US: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.3.6.1.1 US: Vertical Farming Crops Market, by Crop Type
10.3.6.1.2 US: Vertical Farming Crops Market, by End-Use
10.3.6.1.3 US: Vertical Farming Crops Market, by Farming Technique
10.3.6.2 Canada: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.3.6.2.1 Canada: Vertical Farming Crops Market, by Crop Type
10.3.6.2.2 Canada: Vertical Farming Crops Market, by End-Use
10.3.6.2.3 Canada: Vertical Farming Crops Market, by Farming Technique
10.3.6.3 Mexico: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.3.6.3.1 Mexico: Vertical Farming Crops Market, by Crop Type
10.3.6.3.2 Mexico: Vertical Farming Crops Market, by End-Use
10.3.6.3.3 Mexico: Vertical Farming Crops Market, by Farming Technique
10.4 Europe: Vertical Farming Crops Market
10.4.1 Europe: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Europe: Vertical Farming Crops Market, by Crop Type
10.4.3 Europe: Vertical Farming Crops Market, by End-Use
10.4.4 Europe: Vertical Farming Crops Market, by Farming Technique
10.4.5 Europe: Vertical Farming Crops Market, by Key Country
10.4.6 Europe Vertical Farming Crops Market, by Country – Revenue and Forecast to 2028 (US$ Million)
10.4.6.1 Germany: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Germany: Vertical Farming Crops Market, by Crop Type
10.4.6.1.2 Germany: Vertical Farming Crops Market, by End-Use
10.4.6.1.3 Germany: Vertical Farming Crops Market, by Farming Technique
10.4.6.2 France: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 France: Vertical Farming Crops Market, by Crop Type
10.4.6.2.2 France: Vertical Farming Crops Market, by End-Use
10.4.6.2.3 France: Vertical Farming Crops Market, by Farming Technique
10.4.6.3 Italy: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 Italy: Vertical Farming Crops Market, by Crop Type
10.4.6.3.2 Italy: Vertical Farming Crops Market, by End-Use
10.4.6.3.3 Italy: Vertical Farming Crops Market, by Farming Technique
10.4.6.4 UK: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 UK: Vertical Farming Crops Market, by Crop Type
10.4.6.4.2 UK: Vertical Farming Crops Market, by End-Use
10.4.6.4.3 UK: Vertical Farming Crops Market, by Farming Technique
10.4.6.5 Russia: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.5.1 Russia: Vertical Farming Crops Market, by Crop Type
10.4.6.5.2 Russia: Vertical Farming Crops Market, by End-Use
10.4.6.5.3 Russia: Vertical Farming Crops Market, by Farming Technique
10.4.6.6 Rest of Europe: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.6.1 Rest of Europe: Vertical Farming Crops Market, by Crop Type
10.4.6.6.2 Rest of Europe: Vertical Farming Crops Market, by End-Use
10.4.6.6.3 Rest of Europe: Vertical Farming Crops Market, by Farming Techniques
10.5 Asia Pacific: Vertical Farming Crops Market
10.5.1 Asia Pacific: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 Asia Pacific: Vertical Farming Crops Market, by Crop Type
10.5.3 Asia Pacific: Vertical Farming Crops Market, by End-Use
10.5.4 Asia Pacific: Vertical Farming Crops Market, by Farming Technique
10.5.5 Asia Pacific: Vertical Farming Crops Market, by Key Country
10.5.6 Asia Pacific Vertical Farming Crops Market, by Country – Revenue and Forecast to 2028 (US$ Million)
10.5.6.1 Australia: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.1 Australia: Vertical Farming Crops Market, by Crop Type
10.5.6.1.2 Australia: Vertical Farming Crops Market, by End-Use
10.5.6.1.3 Australia: Vertical Farming Crops Market, by Farming Technique
10.5.6.2 China: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.1 China: Vertical Farming Crops Market, by Crop Type
10.5.6.2.2 China: Vertical Farming Crops Market, by End-Use
10.5.6.2.3 China: Vertical Farming Crops Market, by Farming Technique
10.5.6.3 India: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.1 India: Vertical Farming Crops Market, by Crop Type
10.5.6.3.2 India: Vertical Farming Crops Market, by End-Use
10.5.6.3.3 India: Vertical Farming Crops Market, by Farming Technique
10.5.6.4 Japan: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.4.1 Japan: Vertical Farming Crops Market, by Crop Type
10.5.6.4.2 Japan: Vertical Farming Crops Market, by End-Use
10.5.6.4.3 Japan: Vertical Farming Crops Market, by Farming Technique
10.5.6.5 South Korea: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.5.1 South Korea: Vertical Farming Crops Market, by Crop Type
10.5.6.5.2 South Korea: Vertical Farming Crops Market, by End-Use
10.5.6.5.3 South Korea: Vertical Farming Crops Market, by Farming Technique
10.5.6.6 Rest of Asia Pacific: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.6.1 Rest of Asia Pacific: Vertical Farming Crops Market, by Crop Type
10.5.6.6.2 Rest of Asia Pacific: Vertical Farming Crops Market, by End-Use
10.5.6.6.3 Rest of Asia Pacific: Vertical Farming Crops Market, by Farming Technique
10.6 Middle East and Africa: Vertical Farming Crops Market
10.6.1 Middle East and Africa: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 Middle East and Africa: Vertical Farming Crops Market, by Crop Type
10.6.3 Middle East and Africa: Vertical Farming Crops Market, by End-Use
10.6.4 Middle East and Africa: Vertical Farming Crops Market, by Farming Technique
10.6.5 Middle East and Africa: Vertical Farming Crops Market, by Key Country
10.6.6 Middle East & Africa Vertical Farming Crops Market, by Country – Revenue and Forecast to 2028 (US$ Million)
10.6.6.1 South Africa: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.6.6.1.1 South Africa: Vertical Farming Crops Market, by Crop Type
10.6.6.1.2 South Africa: Vertical Farming Crops Market, by End-Use
10.6.6.1.3 South Africa: Vertical Farming Crops Market, by Farming Techniques
10.6.6.2 Saudi Arabia: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.6.6.2.1 Saudi Arabia: Vertical Farming Crops Market, by Crop Type
10.6.6.2.2 Saudi Arabia: Vertical Farming Crops Market, by End-Use
10.6.6.2.3 Saudi Arabia: Vertical Farming Crops Market, by Farming Technique
10.6.6.3 UAE: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.6.6.3.1 UAE: Vertical Farming Crops Market, by Crop Type
10.6.6.3.2 UAE: Vertical Farming Crops Market, by End-Use
10.6.6.3.3 UAE: Vertical Farming Crops Market, by Farming Techniques
10.6.6.4 Rest of the Middle East & Africa: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.6.6.4.1 Rest of the Middle East & Africa: Vertical Farming Crops Market, by Crop Type
10.6.6.4.2 Rest of the Middle East & Africa: Vertical Farming Crops Market, by End-Use
10.6.6.4.3 Rest of the Middle East & Africa: Vertical Farming Crops Market, by Farming Technique
10.7 South and Central America: Vertical Farming Crops Market
10.7.1 South and Central America: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.7.2 South and Central America: Vertical Farming Crops Market, by Crop Type
10.7.3 South and Central America: Vertical Farming Crops Market, by End-Use
10.7.4 South and Central America: Vertical Farming Crops Market, by Farming Technique
10.7.5 South and Central America: Vertical Farming Crops Market, by Key Country
10.7.6 South and Central America Vertical Farming Crops Market, by Country – Revenue and Forecast to 2028 (US$ Million)
10.7.6.1 Brazil: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.7.6.1.1 Brazil: Vertical Farming Crops Market, by Crop Type
10.7.6.1.2 Brazil: Vertical Farming Crops Market, by End-Use
10.7.6.1.3 Brazil: Vertical Farming Crops Market, by Farming Technique
10.7.6.2 Argentina: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.7.6.2.1 Argentina: Vertical Farming Crops Market, by Crop Type
10.7.6.2.2 Argentina: Vertical Farming Crops Market, by End-Use
10.7.6.2.3 Argentina: Vertical Farming Crops Market, by Farming Technique
10.7.6.3 Rest of South and Central America: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
10.7.6.3.1 Rest of South and Central America: Vertical Farming Crops Market, by Crop Type
10.7.6.3.2 Rest of South and Central America: Vertical Farming Crops Market, by End-Use
10.7.6.3.3 Rest of South and Central America: Vertical Farming Crops Market, by Farming Technique
11. Impact of COVID-19 Pandemic on Global Vertical Farming Crops Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Strategy & Business Planning
12.3 Merger and Acquisition
13. Company Profiles
13.1 AeroFarms
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Agricool
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 BOWERY FARMING INC.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 CropOne
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Infarm
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Plantlab
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Plenty Unlimited Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Gotham Greens
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 MIRAI Co., Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 BrightFarms
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Vertical Farming Crops Market, by Farming Technique– Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 20. France Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. France Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 22. France Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. UK Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe Vertical Farming Crops Market, by Farming Techniques – Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia Pacific Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia Pacific Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific Vertical Farming Crops Market, by Farming Technique– Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 41. China Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. China Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 43. China Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 44. India Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. India Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 46. India Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of Asia Pacific Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of Asia Pacific Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of Asia Pacific Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 56. Middle East and Africa Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. Middle East and Africa Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 58. Middle East and Africa Vertical Farming Crops Market, by Farming Technique– Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa Vertical Farming Crops Market, by Farming Techniques – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE Vertical Farming Crops Market, by Farming Techniques – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of the Middle East & Africa Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of the Middle East & Africa Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of the Middle East & Africa Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 71. South and Central America Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 72. South and Central America Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 73. South and Central America Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of South and Central America Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of South and Central America Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of South and Central America Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2028 (US$ Million)
Table 83. Glossary of Terms, Vertical Farming Crops Market
LIST OF FIGURES
Figure 1. Vertical Farming Crops Market Segmentation
Figure 2. Vertical Farming Crops Market Segmentation – By Geography
Figure 3. Global Vertical Farming Crops Market Overview
Figure 4. Global Vertical Farming Crops Market, By Crop Type
Figure 5. Global Vertical Farming Crops Market, By Geography
Figure 6. Global Vertical Farming Crops Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia-Pacific: PEST Analysis
Figure 10. Middle East & Africa: PEST Analysis
Figure 11. South and Central America: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Global Vertical Farming Crops Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Vertical Farming Crops Market
Figure 15. Global Vertical Farming Crops Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Vertical Farming Crops Market Revenue Share, by Crop Type (2020 and 2028)
Figure 17. Tomato: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Leafy Greens: Vertical Farming Crops Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Herbs: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Others: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Vertical Farming Crops Market Revenue Share, by End-Use (2020 and 2028)
Figure 22. Food Retail: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Food Service: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Vertical Farming Crops Market Revenue Share, by Farming Technique (2020 and 2028)
Figure 25. Hydroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Aeroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Aquaponics: Vertical Farming Crops Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Global Vertical Farming Crops Market Revenue Share, by Region (2020 and 2028)
Figure 29. North America: Vertical Farming Crops Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Vertical Farming Crops Market Revenue Share, by Crop Type (2020 and 2028)
Figure 31. North America: Vertical Farming Crops Market Revenue Share, by End-Use (2020 and 2028)
Figure 32. North America: Vertical Farming Crops Market Revenue Share, by Farming Technique (2020 and 2028)
Figure 33. North America: Vertical Farming Crops Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. US: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Vertical Farming Crops Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Vertical Farming Crops Market Revenue Share, by Crop Type (2020 and 2028)
Figure 39. Europe: Vertical Farming Crops Market Revenue Share, by End-Use (2020 and 2028)
Figure 40. Europe: Vertical Farming Crops Market Revenue Share, by Farming Technique (2020 and 2028)
Figure 41. Europe: Vertical Farming Crops Market Revenue Share, by Key Country (2020 and 2028)
Figure 42. Germany: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. France: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 44. Italy: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. Russia: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. Rest of Europe: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. Asia Pacific: Vertical Farming Crops Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Asia Pacific: Vertical Farming Crops Market Revenue Share, by Crop Type (2020 and 2028)
Figure 50. Asia Pacific: Vertical Farming Crops Market Revenue Share, by End-Use (2020 and 2028)
Figure 51. Asia Pacific: Vertical Farming Crops Market Revenue Share, by Farming Technique (2020 and 2028)
Figure 52. Asia Pacific: Vertical Farming Crops Market Revenue Share, by Key Country (2020 and 2028)
Figure 53. Australia: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. China: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 55. India: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. Japan: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. South Korea: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of Asia Pacific: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. Middle East and Africa: Vertical Farming Crops Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by Crop Type (2020 and 2028)
Figure 61. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by End-Use (2020 and 2028)
Figure 62. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by Farming Technique (2020 and 2028)
Figure 63. Middle East and Africa: Vertical Farming Crops Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. South Africa: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. Saudi Arabia: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. UAE: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of the Middle East & Africa: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. South and Central America: Vertical Farming Crops Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. South and Central America: Vertical Farming Crops Market Revenue Share, by Crop Type (2020 and 2028)
Figure 70. South and Central America: Vertical Farming Crops Market Revenue Share, by End-Use (2020 and 2028)
Figure 71. South and Central America: Vertical Farming Crops Market Revenue Share, by End-Use (2020 and 2028)
Figure 72. South and Central America: Vertical Farming Crops Market Revenue Share, by Key Country (2020 and 2028)
Figure 73. Brazil: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 74. Argentina: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of South and Central America: Vertical Farming Crops Market –Revenue and Forecast to 2028 (US$ Million)
Figure 76. Impact of COVID-19 Pandemic in North American Country Markets
Figure 77. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 78. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 79. Impact of COVID-19 Pandemic in the Middle East and Africa Country Markets
Figure 80. Impact of COVID-19 Pandemic in South and Central America Country Markets
The List of Companies - Vertical Farming Crops Market
- AeroFarms
- Agricool
- Bowery Farming Inc.
- CropOne
- Infarm
- Plantlab
- Plenty Unlimited Inc.
- Gotham Greens
- MIRAI Co., Ltd.
- BrightFarms
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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