#china Indoor Farming Market
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Indoor Farming Market Outlook for Forecast Period (2023 to 2030)
Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.
The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.
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Leading players involved in the Indoor Farming Market include:
Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution and Other Major Players.
The latest research on the Indoor Farming market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indoor Farming industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indoor Farming market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation of Indoor Farming Market:
By Growing System
Alumina
Titanite
Zirconia
Silicon Carbide
Aluminum Nitride
Silicon Nitride
Other
By Facility Type
Monolithic Ceramics
Ceramic Matrix Composites
Ceramic Coating
By Crop Type
Electrical and Electronics
Transportation (Aerospace & Automotive)
Medical Industrial Defense
Security Chemical
Other
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
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Access a detailed breakdown of the Indoor Farming Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers.
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5. Competitive Intelligence:
Obtain a detailed analysis of competitors and their key tactics in the Indoor Farming Market Growth 2023-2030.
Plan market positioning based on a comprehensive understanding of the competitive landscape.
Stay ahead by learning from competitors’ strengths and weaknesses.
6. Accurate Business Forecasting:
Evaluate the accuracy of global Indoor Farming Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises.
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levi cheung for @hauntedtrait's once a time in chestnut ridge: a bachelor challenge *:･ﾟ✧
▸ Levi Cheung (he/him) | 34 | Bisexual
Traits: Rancher, Loves Outdoors, and Loner
Likes: the outdoors, rodeos, the smell of sweat, wood carving, soap operas, and playing his guitar
Dislikes: staying indoors on a good day, rave music, and dancing (he's self-conscious)
On the outside: rough, calloused hands and a scarred face. Soft eyes, though, give away the gentle soul that is Levi Cheung. Raised on a small farm that grew into a flourishing cattle ranch as he matured, Levi has always felt most at home working in the dirt and surrounded by animals. His mother, an accomplished rodeo cowgirl, had him on a horse as soon as he took his first steps (or so she jokes) while his father taught him the lay of the land and its agriculture. Levi has always known where he belonged, and so it was an easy choice to stay in Chestnut Ridge after graduation to work on his parents’ ranch as a farm hand herding cattle, tending to the livestock, and doing other handiwork. In his free time Levi enjoys playing the guitar (he could even be convinced to sing a tune) and doing a variety of woodwork, which he sells at the maker’s market every weekend. Being a farm hand on the cattle ranch is a demanding job, though, and Levi finds that he seldom has time to go out for a night on the town and meet people. And so when his mother told him about a bachelor challenge in their own hometown, Levi saw a chance to meet a like-minded soul who wasn’t afraid of a little dirt...
Fun Facts:
▸ His father immigrated to Chestnut Ridge from China as a teen. His mother, a Chestnut Ridge native, was immediately smitten with the newcomer and offered to tutor him in English. It's during these lessons that their love blossomed, with the pair marrying after high school.
▸ Perpetually has dirt under his nails and really rough rands.
▸ His father made him take line dancing lessons as a kid and he swore off dancing afterwards.
▸ Likes to wittle small animals out of wood and give them to people. There's a variety of these lil guys lying around his house.
▸ Despite his rough exterior, Levi loves to watch telenovelas and rom-coms, which he grew up watching with his mother and younger sister.
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Maine is the newest frontier for the illicit marijuana trade, with potentially hundreds of suspected unlicensed grow houses operating in the state, a CBS News investigation has found.
It's part of a larger phenomenon nationwide. Thousands of illegal marijuana farms have been cropping up in states like Oklahoma, California and Colorado, according to Raymond Donovan, the former chief of operations for the Drug Enforcement Agency.
"[Maine] is a perfect location to cultivate cannabis and do it in a way that is very discreet," Donovan told CBS News. In part, that's because of the state's proximity to major distribution markets in Boston and New York.
In December, after a six-week investigation, Maine law enforcement raided a home in Machias, a rural town on the southeastern coast, and found a large facility with over 2,600 plants and 100 pounds of processed and packaged marijuana.
"I've been doing this a lot of years, and that was probably the biggest indoor marijuana grow I've ever seen," Police Chief Keith Mercier said. "It was quite an impressive operation."
Machias Police were assisted by DEA, FBI, Homeland Security, the Office of Cannabis Policy, Maine Drug Enforcement Agency and the Washington County Sheriff's Department.
"This is a statewide problem," Mercier said. "The information we have says that there's over 200 (facilities) that are actively working right now."
Maine law enforcement has executed search warrants at at least 34 properties tied to illicit marijuana since last June, and investigations continue.
But the biggest surprise in the proliferation of illegal growing in secluded stretches of Maine may be who's believed to be backing the operations.
"Chinese organized criminal networks that are international by nature are behind some of the biggest black market marijuana trafficking organizations that we've seen to date," Donovan said.
In February, 50 U.S. lawmakers wrote to Attorney General Merrick Garland demanding answers about China's role in illicit marijuana nationwide.
"We are deeply concerned with reports from across the country regarding Chinese nationals and organized crime cultivating marijuana on United States farmland," the bipartisan group wrote.
Donovan said the easiest way to spot an illegal marijuana crop is the amount of electricity it uses, which Maine native Steve Robinson, editor of the Maine Wire, has been tracking. Robinson has compiled a database of suspected illegal cannabis cultivators around the state.
"These locations consume huge amounts of electricity," he told CBS News. "In order to accommodate that amount of energy, you need to upgrade your electrical infrastructure — and significantly. We're getting into specialty electrical equipment that is very scarce and hard to come by, especially in the state of Maine."
Mercier says he used one of Robinson's articles as a training tool in what to look for before executing the search warrant at the Machias property.
"Once we subpoenaed the power records from the power company, [it] was pretty hard to explain why somebody anywhere would be using that amount of power," he said.
Mercier said the Machias operation was using four to five times the amount of power that a normal residence would use. Other telltale signs included shuttered windows and complaints from neighbors about pungent smells and suspicious vans coming and going.
During the operation, three men were arrested and charged with unlawful cultivation. Police found a Malaysian passport, a Chinese passport and a Brooklyn driver's license at the scene.
Donovan told CBS News that some of the people working in marijuana grow operations around the country are Chinese nationals who are victims of labor trafficking.
"[They're] brought here under the auspices that they're working under a legit business," he said. "And they're often kept unwillingly in these locations and told what to do to oversee the cultivation of these marijuana plants."
"They were being paid $1,000 a month to work 24/7," Mercier said. "I wasn't left under the impression that any of these gentlemen were in charge of anything. They were just strictly there to maintain the product."
Some of the same criminal groups behind illicit marijuana participate in a far deadlier drug trade, according to Donovan and other law enforcement sources. Donovan said the DEA first connected Chinese organized crime to these illegal weed cultivators by following the fentanyl supply chain.
"We quickly realized that money from selling fentanyl on the streets was going back to Chinese money brokers in Brooklyn and in Queens," he said. "We started investigating many of these brokers [and] observed that they were also trafficking in marijuana."
Marijuana remains illegal under federal law, but a majority of Americans now live in states where it's legal. There is a robust market for illicit marijuana — state regulations allow the sale of marijuana, but demand outstrips supply, opening a market for illegal growers.
Donovan fears that less prosecution will encourage organized crime groups trafficking marijuana to infiltrate sparsely populated states.
"If you have a place like Maine where marijuana is legal, there is less scrutiny on marijuana" he said. "It's a recipe for disaster in the sense that they're going to continue to go to these places and cultivate."
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New Revenue Sources in Indoor Farming Technology Market
According to a research report "Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals) and Region - Global Forecast to 2028" published by MarketsandMarkets, the indoor farming technology market is projected to reach USD 32.3 billion by 2028 from USD 20.3 billion by 2023, at a CAGR of 9.7% during the forecast period in terms of value. The market for indoor farming technology is experiencing growth due to increasing demand for locally sourced and fresh produce which has led to a surge in indoor farming projects.
By component, lighting systems hold a significant market share during the forecast period.
Lighting systems have the largest market share in the component of the indoor farming market due to several factors. Lighting is required for plant growth in non-natural lighting settings. In the absence of sunlight, the quality of the light utilized in vertical farming (spectrum) is amplified to the greatest extent possible. Because artificial light is the only light source in vertical farming, higher light intensities are required in many supplemental light scenarios. In these non-natural light situations, increasing light intensity leads to a larger thermal load that must be cooled. A better light spectrum results in increased agricultural yields, allowing for lower intensities and lower energy usage. The key factors to consider when supplying illumination for plants are the light's quality, quantity, and duration. The actual wavelengths that the lights offer to the plants are referred to as quality. Generally, lights provide either a light spectrum like that of the sun or a spectrum tailored to the needs of plants. Outdoor circumstances can be created by modifying the grow lights' colors, temperatures, and spectrum outputs, as well as changing the intensity output of the lamps. Specific ranges of the spectrum, luminous efficacy, and color temperature are utilized with specific plants and periods depending on the type of plant farmed, the stage of culture, and the photoperiod required.
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By facility, glass or poly greenhouses are projected to dominate the market during the forecasted period.
Several factors are driving the expansion of glass or poly greenhouses in indoor farming. The growing need for locally produced and fresh produce has increased indoor farming initiatives, and greenhouses provide an efficient and controlled setting to meet this demand. Furthermore, advances in greenhouse technology, such as enhanced climate control systems, irrigation techniques, and automation, have made indoor farming more productive and profitable. Furthermore, growing environmental awareness and a drive to decrease carbon footprints have contributed to the appeal of greenhouses, which provide energy-efficient options for indoor agricultural farming. The expansion and demand for glass or poly greenhouses are projected to continue as the indoor farming business expands and evolves, driven by the need for efficient, sustainable, and high-quality crop production.
The key players in this market include Scotts Company LLC (US), Signify Holding (Netherlands), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), NETAFIM (Israel), Heliospectra AB (Sweden), Argus Control Systems Limited (Canada), Lumigrow, Inc (Canada), weisstechnik (US), Priva (Netherlands), LOGIQS.B.V. (Netherlands), Illumitex (US), AmHydro (US), RICHEL GROUP (France), Vertical Farm Systems (Australia), Hydroponic Systems International (Spain), Certhon (Netherlands), Bluelab (New Zealand), Barton Breeze (India), Green Sense Farms Holdings, Inc. (US), Greener Crop Inc. (Dubai), Sensaphone (US), Freight Farms Inc (US), Climate Control Systems Inc (US), Sky Greens (Singapore), and SANANBIO (China). These players have adopted various growth strategies such as partnerships, agreements, and collaborations to increase their global market presence.
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Beyond the Bowl: Unlocking Growth Opportunities in the Evolving Goldfish Market 2024-2032
In the ever-evolving landscape of the global pet industry, the goldfish market is set to experience a dynamic and transformative period from 2024 to 2032. As aquatic enthusiasts and pet owners worldwide anticipate the next wave of trends, challenges, and opportunities, the goldfish market stands at the forefront of innovation and growth.
1. Unveiling Current Trends:
The goldfish market has long been synonymous with ornamental fishkeeping, and recent trends suggest a resurgence in interest. Beyond traditional aquariums, goldfish are finding their way into various setups, including outdoor ponds, aquascapes, and even commercial applications. Their vibrant colors, diverse fin types, and distinct personalities make them a favored choice among both seasoned hobbyists and newcomers to the world of fishkeeping.
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2. Drivers of Growth:
a. Aquascaping Renaissance:
The art of aquascaping, creating aesthetically pleasing underwater landscapes, has gained immense popularity. Goldfish, with their graceful movements and striking appearances, are becoming key players in this trend. Enthusiasts are seeking unique goldfish varieties to enhance the visual appeal of their aquatic creations.
b. Therapeutic Pet Keeping:
In an era where mental health and well-being take precedence, the therapeutic benefits of pet ownership cannot be overstated. Goldfish, known for their calming presence, are increasingly being recognized for their positive impact on stress reduction and relaxation. This trend is expected to drive demand among individuals seeking a companion that offers both visual delight and emotional support
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Major key players
Pool Fisheries
Blue Ridge
Fish Hatchery
Arkansas Farm Bureau
Hazorea Aquatics
Oasis Fish Farm
Aqua Leisure
Imperial Tropicals
BioAquatix
Captive Bred
Shanghai Wanjin Ornamental Fish Farm
c. Advancements in Breeding Techniques:
The world of goldfish breeding is witnessing a renaissance, with breeders pushing boundaries to create novel and captivating varieties. Technological advancements in breeding techniques, including genetic manipulation, are expected to introduce unprecedented colors, patterns, and features to the market, captivating the imagination of enthusiasts.
3. Challenges and Considerations:
a. Environmental Responsibility:
As the goldfish market grows, so does the responsibility to address environmental concerns. The release of goldfish into natural water bodies can disrupt ecosystems. Responsible ownership and education initiatives will play a crucial role in ensuring the well-being of both the goldfish and the environments they inhabit.
4. Global Dynamics:
The goldfish market's dynamics vary across regions, influenced by cultural preferences, economic factors, and regulatory environments. While Asia, particularly China, has been a historical hub for goldfish trade, North America and Europe are emerging as key markets with a growing community of goldfish enthusiasts.
Goldfish Market Report Segmentation
By Type
Common Goldfish
Fancy Goldfish
By Size
Small Goldfish
Large Goldfish
By Colour
Orange Goldfish
Multicolored Goldfish
By Environment
Indoor Goldfish
Outdoor Goldfish
By Purpose
Pet Goldfish
Ornamental Goldfish
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Hydroponics Market: Size, Share, and Growth Trends in Industry Segments (2023-2030)"
Hydroponics Market Overview
Hydroponics Market is poised for substantial growth, estimated to register an impressive Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period, with an anticipated market value of USD 9.11 Billion by 2030. This global market encompasses the production and sale of hydroponic systems, equipment, and supplies, alongside the cultivation of plants utilizing hydroponic techniques—an innovative method of plant growth that involves a soilless environment where essential nutrients are delivered through a water-based solution.
The hydroponics market has witnessed significant expansion driven by various factors. Among these catalysts are the escalating demand for food production in urban areas, where arable land is limited, the imperative need for sustainable agricultural practices aimed at reducing water consumption and environmental impact, and the increasing popularity of indoor gardening and urban farming.
A comprehensive segment analysis further dissects the market based on type, input, and equipment. In terms of type, the market is segmented into aggregate systems and liquid hydroponics. The aggregate systems segment enjoys universal acceptance among indoor hydroponic producers, thanks to its low cost and ease of setup.
The market's input segmentation includes growth media and nutrients, with the nutrients segment projected to witness faster growth. This can be attributed to the growing requirement for crop cultivation in both aggregate and non-aggregate systems.
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Equipment, another crucial facet of the hydroponics market, is segmented into HVAC, Irrigation System, and LED Growing Lights. The HVAC system, responsible for cooling, dehumidifying, and maintaining the ideal temperature inside facilities, plays a pivotal role in supporting indoor growers.
The global landscape is further examined through a regional analysis, categorizing the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America, comprising the United States and Canada, stands out as a leading region in the hydroponics market. The surge in commercial hydroponic farming and indoor gardening is propelled by factors such as high urbanization rates, limited arable land, and increasing consumer demand for locally grown, pesticide-free produce.
Europe, too, emerges as a prominent market for hydroponics, with countries like the Netherlands, Spain, and the United Kingdom embracing advanced greenhouse farming practices, including hydroponic systems. The objective is to achieve higher crop yields while minimizing environmental impact.
The Asia-Pacific region is experiencing rapid growth in the hydroponics market, with countries like China, Japan, Australia, and India adopting hydroponic techniques to overcome land limitations, enhance food security, and address water scarcity issues.
The rest of the world, encompassing the Middle East, Africa, and Latin America, showcases significant growth potential in the hydroponics market. Latin America, in particular, benefits from a favorable climate for year-round cultivation and export opportunities, contributing to the market's expansion.
Key findings from the study highlight the anticipated growth of the Global Hydroponics Market size, reaching USD 9.11 Billion by 2030, with a remarkable CAGR of 20.3% during the forecast period. Europe, characterized by advanced greenhouse farming practices, is identified as another key market. The segmentation based on equipment reveals HVAC, Irrigation System as the largest market segment in 2022.
Leading players in this dynamic market, as recognized in the study, include Signify Holdings, American Hydroponics, Argus Control Systems, Grobo, Heliospectra AB, Logiqs B.V, Scotts Miracle Gro, Hydrodynamics International, American Hydroponics, and LumiGrow. These entities are poised to play a pivotal role in steering the growth trajectory of the hydroponics industry in the coming years.
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THE HISTORY OF MUSHROOM FARMING
The history of mushroom farming is a fascinating journey that spans centuries, reflecting the evolution of cultivation techniques and the appreciation of mushrooms for culinary and medicinal purposes.
Introduction to Mushroom Cultivation:
The origins of mushroom cultivation can be traced back to ancient civilizations in China, where records suggest that mushrooms were cultivated as early as 600 AD. Chinese farmers discovered how to cultivate the shiitake mushroom on logs, a practice that laid the foundation for modern mushroom cultivation techniques.
Father of Mushroom Cultivation:
The title of the "Father of Mushroom Cultivation" is often attributed to French gardener Joseph Pitton de Tournefort. In the late 17th century, he successfully cultivated the Agaricus bisporus, commonly known as the button mushroom. This marked a significant milestone in the history of mushroom farming, as the button mushroom became one of the first commercially cultivated mushroom varieties.
When Were Mushrooms Discovered:
While wild mushrooms have been consumed for thousands of years, the cultivation of mushrooms is a relatively recent development. The discovery of mushroom cultivation is attributed to accident rather than design. In the 17th century, a French melon grower named Chambry noticed the unexpected growth of mushrooms in his melon beds. This accidental cultivation led to the deliberate cultivation of mushrooms for consumption.
Evolution of Mushroom Cultivation:
The cultivation of mushrooms continued to evolve over the centuries. In the 19th century, the introduction of indoor mushroom cultivation using dedicated growing beds and controlled environments gained popularity. This allowed for consistent and reliable mushroom production, paving the way for the establishment of commercial mushroom farms.
Modern Mushroom Farming:
In the 20th century, advancements in technology and agricultural practices further revolutionized mushroom farming. The development of substrate-based cultivation, controlled environments, and innovative growing techniques allowed for the mass production of various mushroom varieties, meeting the growing demand for mushrooms in global markets.
Today, mushroom cultivation is a thriving industry, producing a wide array of mushroom species for culinary, medicinal, and industrial purposes. From the humble beginnings of accidental discoveries to the sophisticated methods employed in modern mushroom farms, the history of mushroom farming reflects the ingenuity and adaptability of humans in harnessing the potential of these remarkable fungi.
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Grow Lights Market Will Reach USD 13,183 Million by 2030
As per a report by P&S Intelligence, the grow lights market will advance at 28% CAGR, to generate a value of USD 13,183 million, by 2030.
The growth in the industry is ascribed to the growing requirement for food as a result of the rising disposable income, increasing population, rapid urbanization, advancement of technologies in the agriculture sector, and the increasing preference for enhanced and new practices of farming.
The LED category is expected to dominate the grow lights market in the years to come. This is attributed to the increasing government programs to encourage the adoption of LED lights and drivers and the increasing demand for energy-efficient and affordable grow lights by consumers.
In the past few years, the retrofit category generated a larger revenue share in the industry, and it will remain larger in the years to come. This is because of the rising adoption of such lights in farming facilities due to their decreasing costs and the increasing number of new advanced farming facilities all over the world.
A key factor driving the industry is the necessity of more cost-effective grow light technologies in the cities. The expenditure on food production is high, and as a result, the requirement for economical food production is growing rapidly in urban areas.
Vertical farming is expected to observe the fastest growth in the years to come, growing at a rate of approximately 29.8%. This is attributed to the mounting requirement for herbs & food and the increasing number of such farms, mainly in developed countries, owing to the lack of space required to establish conventional farms.
In 2021, Europe generated the largest revenue share in the grow light industry, at approximately 33%, and it will remain the largest in the years to come. This is ascribed to the large consumer base and the substantial adoption of LED lights to grow plants inside commercial greenhouses in the region.
Developing nations, for example, India, South Korea, and China are the main buyers in the APAC grow light industry. This is credited to the rapid implementation of enhanced agricultural approaches, for instance, indoor horticulture, which resulted in a high horticulture light requirement in emerging nations.
#Grow Lights#Market Trends#Applications#Global Growth Insights#Horticulture#Indoor Farming#Greenhouse Cultivation#Market Players#Competitive Landscape#LED Technology Advancements#Light Spectra Customization#Market Expansion
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Mushroom Market Size, Share, Industry Trends, Forecast and Growth Prospective 2023-2027
The Mushroom Market Analysis Report provides an in-depth examination of the global mushroom industry, encompassing trends, challenges, and future prospects. As of my last knowledge update in January 2022, the mushroom market has experienced significant growth, driven by factors such as increased consumer awareness of health benefits, culinary versatility, and sustainable farming practices.
Market Overview
Market Growth:
The mushroom market has witnessed substantial growth, propelled by growing consumer interest in plant-based diets and the nutritional benefits associated with mushrooms.
Culinary trends emphasizing diverse mushroom varieties, including shiitake, oyster, and portobello, contribute to market expansion.
Diversity in Cultivation:
Mushrooms are cultivated through various methods, including indoor farming, traditional open-field cultivation, and innovative techniques such as vertical farming.
A range of cultivated and wild-harvested mushroom species caters to different culinary preferences.
Industry Segmentation
Product Segmentation:
The market encompasses fresh mushrooms, processed mushroom products, and medicinal mushroom supplements.
Processed mushroom products include dried, canned, and frozen mushrooms, offering convenience and versatility to consumers.
Technological Landscape
Innovative Cultivation Practices:
Advancements in mushroom cultivation technology, including controlled environment agriculture and mycelium-based products, contribute to increased efficiency and sustainability.
Research and development focus on exploring new mushroom varieties and improving cultivation practices.
Industry Dynamics
Global and Local Producers:
The mushroom market comprises both large-scale international producers and local, small-scale farmers.
Regional preferences influence the types of mushrooms cultivated, with certain varieties being more popular in specific geographical areas.
Consumer Trends
Health and Wellness Trends:
Consumer awareness of the nutritional and health benefits of mushrooms, including immune-boosting properties and potential medicinal uses, drives market demand.
The rise of plant-based diets and the use of mushrooms as meat substitutes contribute to market growth.
Challenges and Considerations
Supply Chain and Shelf Life:
Challenges include maintaining the quality and freshness of mushrooms throughout the supply chain, given their perishable nature.
Innovations in packaging and storage methods aim to extend the shelf life of fresh mushrooms and reduce food waste.
Global Perspective
International Trade:
Mushroom trade is influenced by both local and international factors, with major exporters including China, the Netherlands, and the United States.
Global demand for exotic and specialty mushrooms contributes to cross-border trade dynamics.
Future Outlook
Sustainability and Functional Foods:
Future trends in the mushroom market are expected to focus on sustainable farming practices, with an emphasis on organic and locally sourced mushrooms.
Continued exploration of the functional and medicinal properties of mushrooms is likely to drive innovation in product development.
Conclusion
The Mushroom Market Analysis Report highlights the industry's resilience and adaptability to changing consumer preferences and dietary trends. As the market continues to expand, a focus on sustainability, technological innovation, and meeting diverse consumer demands will be essential for stakeholders across the mushroom supply chain. Continuous research and development in cultivation practices and product offerings are poised to shape the future of the global mushroom market.
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Smart Harvest In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031
Smart Harvest Market Research, 2030
The global smart harvest market was valued at $12,450.9 million in 2020, and is projected to reach $36,977.1 million by 2030, growing at a CAGR of 11.4% from 2021 to 2030. Smart harvesting refers to the use of self-driving farming robots to gather fruits and vegetables with little or no human participation. Artificial intelligence (AI), aerial photographs, cloud algorithms, satellites, and technical analysis are all used in smart harvesting systems. Collecting makes use of a diversity of connected phones to boost yield. Smart harvesting in agriculture pertains to the use of smart technology such as GPS, cloud computer vision, satellite pictures, big data, and IoT to improve crop output.
An Increase in urban population in emerging countries such as India and China is expected to drive the adoption of new technologies in the agriculture sector. In addition, the growth of the population has encouraged farmers to adopt new technologies such as harvest robots and soil sensors. Moreover, smart harvesting refers to the use of self-driving farming robots to collect fruits and vegetables with little or no human involvement. In addition, adopting new technologies help farmers to increase production. In addition, rise in the deployment of smart harvest systems is expected to propel the growth of the market. For instance, in February 2022, the Indian PM AWAS scheme allocation has been increased to $6,441.3 million, up by 75% year on year. This is expected to boost wave technology usage such as kisan drones for crop assessments, land records, and spraying of insecticides. Such instances are the smart harvest market opportunity during the forecast period.
Rapid increase in the global population is exerting pressure on the agricultural sector worldwide to increase productivity to meet rise in demand for food. Farmers are increasingly adopting smart harvest technologies such as harvesting robots, automation, control systems, sensors, and imaging systems to maximize profitability and output in lesser time and more cost-effective manner. Limited availability of arable land is the key factor that drives demand for indoor farming activities and increasing usage of smart harvesting technologies to eliminate labor expenses.
In addition, major players such as Panasonic Corporation, Abundant Robotics, and Deere & Company Industries are some of the players engaged in offering harvesting robots to the market. For instance, In January 2018, Panasonic Corporation unveiled a proto component of new fully autonomous tomato picking robot in Tokyo. The robot is incorporated with high resolution cameras sensors and artificial intelligence features to identify and pick ripe tomatoes, drive the growth of the smart harvest market. In addition, rise in need for smart technologies in the agricultural equipment, fuels the smart harvest market growth.
On the basis of region, the smart harvest market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the smart harvest market forecast in 2020, followed by North America. Asia-Pacific region is predicted to grow faster than LAMEA with a CAGR of 14.3% during the forecast period.
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Indoor Farming Market Outlook for Forecast Period (2023 to 2030)
Indoor Farming Market was valued at USD 34790 million in 2021 and is expected to reach USD 53570 million by the year 2028, at a CAGR of 6.36%.
The rising interest in indoor farming has been acting as a critical point for the food supply chain as the world population is expected to gain 9.8 billion by 2050, and the effects of global warming on nutrient depletion in crops have been posing as a threat for crop production. In these situations, indoor farming has been proving to be an efficient way to produce more food with few resources than conventional farming, without depending on arable land availability and external climate conditions. The indoor farming industry is prominently by the greenhouse technologies, but due to increasing technological innovations and interest among the growers, other branches, such as aeroponics and hydroponics, are also observed to be growing.
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Leading players involved in the Indoor Farming Market include:
Philips Lighting, Everlight Electronics, Argus Controls Systems, Netafim, Lumigrow, Logiqs, Illumitex, Vertical Farm Systems, Hydrodynamics International, General Hydroponics, Richel Group, American Hydroponics, Agrilution and Other Major Players.
The latest research on the Indoor Farming market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Indoor Farming industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Indoor Farming market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation of Indoor Farming Market:
By Growing System
Alumina
Titanite
Zirconia
Silicon Carbide
Aluminum Nitride
Silicon Nitride
Other
By Facility Type
Monolithic Ceramics
Ceramic Matrix Composites
Ceramic Coating
By Crop Type
Electrical and Electronics
Transportation (Aerospace & Automotive)
Medical Industrial Defense
Security Chemical
Other
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
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The time is now for European agricultural companies to make investments in the Indian market
In light of the fact that the world's population will reach 7.9 billion this November and is expected to reach 9.8 billion by the year 2050, food security has emerged as a major issue. Action must be taken immediately in order to address the shortage of resources, access and distribution problems, and the requirement to increase agricultural outputs. To address this crisis, policymakers around the world are looking for sustainable ways to integrate agricultural practices with technology.
India's agricultural sector's economic contribution
The farming (crops and horticulture), forestry, livestock (milk, eggs, and meat), and fisheries industries make up the bulk of the Indian agricultural sector. It contributes 11.9 percent of the $3,320.4 billion in global agriculture gross value added (GVA), which is second only to China, and accounts for 12 percent of India's exports. The sector also affects the dynamics of consumption and production in non-agricultural sectors like consumer goods, retail, chemicals, and e-commerce.
The agricultural sector is crucial to India's economic output and potential for growth due to economic interconnections. It's another reason why the industry desperately needs reform.
India's agricultural economy is disorganized and fragmented
The entire value chain—from the supply of agricultural inputs to the production and transformation of agricultural products to their distribution to final consumers—is covered by the agribusiness ecosystem, which includes all business activities carried out from farm to fork. The rapid urbanization, diet diversification, shifting consumer preferences, and growth of the food markets have all contributed to the ecosystem's further expansion into segments like e-commerce and hyperlocal.
The agriculture value chain still has multiple levels of intermediaries and middlemen, so it is still largely disorganized and fragmented. In spite of the fact that 86 percent of India's small and marginal farmers continue to be its main sources of food and nutrition, they are still limited by things like having extremely small landholdings of less than two hectares.
How does agritech boost India's agricultural sector's productivity and efficiency?
Agritech is primarily used to describe an ecosystem of businesses and startup ventures that are leveraging technological advancements to offer goods or services for boosting yield, efficiency (both in terms of time and cost), and profitability for farmers across the agriculture value chain. The various agritech industry segments that support the overall value chain include:
1) Market linkage: farm inputs are linked to the market through physical infrastructure and a digital marketplace.
2) Biotech: studying the biology and genomics of plants and animals.
3) Agriculture as a service: pay-per-use rental of farm machinery.
4) Precision agriculture and farm management: using geospatial or weather data, IOT, sensors, robotics, etc. to increase productivity; farm management solutions for resource and field management, etc. are examples of precision agriculture and farm management.
5) Farm mechanization and automation: mechanization and automation in agriculture: industrial automation that uses equipment, tools, and robots for planting, handling raw materials, harvesting, etc.
6) Farm infrastructure: Farm infrastructure includes farming methods like drip irrigation, indoor-outdoor farming, greenhouse systems, and environmental controls like heating and ventilation.
7) Quality management and traceability: Production monitoring, quality control, analysis, and traceability during storage and transportation are all aspects of quality management.
8) Supply chain technology and output market linkage: Linking the market for farm output and the supply chain requires a physical infrastructure and digital platform to manage the post-harvest supply chain.
9) Financial services: Credit facilities for purchasing equipment, inputs, and other items, as well as crop insurance or reinsurance.
10) Advisory/Content: Information platforms for pricing, market, and agronomic information are available online.
Why do agricultural businesses from Europe invest in the Indian market?
1) A sizable and expanding market: India has a sizable agricultural sector and a sizable population that depends on farming for a living. There is a sizable demand for agricultural products due to the nation's expanding middle class, urbanization, and population growth. European businesses can take advantage of this enormous market opportunity and meet the changing demands of Indian consumers.
2) Governmental Reforms and Initiatives: The Indian government has carried out a number of reforms and initiatives to strengthen the agricultural industry. These consist of budget allocation increases, modernization plans for agriculture, and welcoming foreign investment policies. These government initiatives can be used by European businesses to build a strong presence and gain access to favorable regulations.
3) Technology and Innovation: When it comes to cutting-edge farming methods and technological developments, European agricultural companies frequently lead the way. The adoption of these cutting-edge technologies, such as crop management solutions, smart irrigation systems, and precision farming, can benefit India's agriculture industry. Such technologies can be introduced and put into use by European businesses to help modernize and increase the productivity of Indian agriculture.
4) Organic and Sustainable Farming: In India, there is a rising awareness of and demand for organic and sustainable farming methods. India is a willing market for European businesses with experience in organic farming, sustainable agriculture, and agroecology. More and more buyers are looking for goods that are safe for the environment, free of dangerous chemicals, and made using sustainable methods.
5) Collaborations: Partnerships between European and Indian agricultural companies can promote information sharing, technology transfer, and joint R&D projects. European businesses can collaborate with their Indian counterparts to take advantage of local knowledge, gain access to distribution networks, and modify their goods and services to meet the demands of the Indian market.
6) Opportunities for Export: Investing in the Indian agricultural market can give European businesses the chance to export their goods to India and its neighbors. India's proximity to other Asian markets gives European businesses access to a larger customer base, allowing them to increase their market share and level of global competitiveness.
7) Long-Term Potential: As the nation continues to invest in agribusiness development, irrigation systems, and agricultural infrastructure, India's agricultural sector has the potential to grow over the long term. European businesses can position themselves for long-term growth and take advantage of the changing demands of the agriculture sector by entering the Indian market.
Bottom Line
In conclusion, there are compelling reasons for European agricultural companies to invest in the Indian market. Along with government initiatives and reforms, India's sizable and expanding market offers numerous opportunities for growth and financial success. European businesses bring cutting-edge technologies, novel approaches, and sustainability knowledge that can cater to the changing needs of Indian consumers and help modernize the agricultural industry. Collaborations with Indian partners can promote market access and knowledge sharing. The possibility of exporting goods to India and its neighbors also adds to the allure of making investments in India. The Indian market presents a promising opportunity for business expansion and success for European agricultural companies thanks to its long-term growth potential and friendly business environment.
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Water-soluble Fertilizers Market Projected to Garner Significant Revenues by 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%. Water-soluble fertilizers hold an optimum combination of nitrogen, phosphate, and potassium (NPK) along with essential micronutrients. It is readily soluble in water and used for drip irrigation. The increasing cases of nutrient deficiency in crops and plants, along with the growing need for increased agricultural output are factors driving the water-soluble fertilizers market. Since these fertilizers are dissolved in water, the nutrients are readily and efficiently absorbed by the crops. Additionally, the increasing adoption of precision farming, horticulture, and hydroponics, are other factors fueling the demand for water-soluble fertilizers.
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The high demand for nitrogen at all stages of crop growth drives the market
The water-soluble nitrogenous fertilizer dominates the market by type. Nitrogen is a component of the chlorophyll molecule, which enables the plant to capture sunlight by photosynthesis. Nitrogen plays a critical role within the plant to ensure energy availability and yield optimization. Most of the nitrogen is absorbed by the plant through the soil.
The growing popularity of drip and micro irrigation is projected to boost the fertigation mode of application
Fertigation is the technique of supplying dissolved fertilizer to crops through an irrigation system. When combined with an efficient irrigation system, both nutrients, and water can be manipulated and managed to obtain the maximum possible yield. Fertigation is a widely used farming practice that allows growers to save time, resources, and, effort by completing two events at a time: fertilization and irrigation.
The increasing cultivation of horticulture is set to dominate the market during the study period
The science and art of growing and utilizing high-value food and ornamental plants in a sustainable manner is known as horticulture. Horticulture farming aims to enhance our life quality, as well as the beauty, sustainability, and recovery of our ecosystem and the human condition. In recent years, there has been an increase in the cultivation of fruits, vegetables, and decorative indoor plants, which drives the demand for water-soluble fertilizers to increase crop productivity.
Ease of storage increases the demand for the dry form of water-soluble fertilizers.
Fertilizers which are in solid form before application, mixing, or blending are termed as dry fertilizers. Dry ones include granules, powder, etc. Due to the ease of storage, longer shelf life, ease of mixing, and availability of customized blends, growers are increasingly demanding dry forms of water-soluble fertilizer.
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Asia Pacific provides the highest growth prospects for the water-soluble fertilizers market in 2023
Asia Pacific is highly dependent on agriculture, with countries like India and China being agricultural dominant countries. The prime factor contributing to the growth of water-soluble fertilizers in the region is the growing adoption of water-soluble fertilizers to meet the intensifying food demand and escalating population. Additionally, key players like Nutrien (Canada), Israel Chemical Company (Israel), Yara International (Norway), and others have a strong presence and market share in the region, which further boost the vitamin market in the Asia Pacific.
Key players in this market include Nutrien (Canada), Israel Chemical Company (Israel), Sociedad Quimicay Minera De Chile (SQM) (Chile), K+S Aktiengesellschaft (Germany), Yara International (Norway), Haifa Chemicals Ltd (Israel), Compo GmbH (Germany), Coromandel International Ltd (India), The Mosaic Company (US), Hebei Monband Water Soluble fertilizers Co., Ltd (China), Agafert (India), EuroChem (Switzerland), Azoty Group (Poland), Vakichim (Bulgaria), Gujarat State Fertilizers & Chemicals Ltd (India), IFFCO (India), SPIC (India), Aries Agro Ltd (India), Mangalore Chemicals & Fertlizers Ltd (India), Incitec (Australia).
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Sustainable Growth Opportunities in the Mushroom Cultivation Industry
The mushroom cultivation market has been witnessing growth due to increased consumer awareness of the nutritional benefits and culinary versatility of mushrooms. Mushrooms are not only popular for their taste but also for their potential health benefits, as they are rich in vitamins, minerals, and antioxidants.
Global Demand: The global demand for mushrooms has been on the rise, driven by factors such as changing consumer preferences, a growing interest in plant-based diets, and the increasing awareness of the health benefits associated with mushroom consumption. The mushroom cultivation market is estimated at USD 16.7 billion in 2020 and is projected to reach USD 20.4 billion by 2025, at a CAGR of 4.0% during the forecast period.
Variety of Mushrooms: Different varieties of mushrooms are cultivated, including button mushrooms, shiitake, oyster mushrooms, and more. Each variety has its unique flavor profile and nutritional composition, contributing to the overall diversity of the market.
Organic and Specialty Mushrooms: There has been an increased interest in organic and specialty mushrooms. Consumers are willing to pay premium prices for mushrooms that are grown organically or have unique flavors and textures.
Technological Advancements: Technology has played a role in advancing mushroom cultivation methods. Controlled environment agriculture (CEA) and indoor farming techniques have been employed to optimize growing conditions and improve yields.
Health Benefits: Mushrooms are recognized for their potential health benefits, including immune system support, anti-inflammatory properties, and being a good source of vitamins and minerals.
Culinary Trends: Mushrooms are increasingly being incorporated into various cuisines and dishes, including plant-based and vegetarian recipes. This culinary versatility has contributed to the market's growth.
Sustainable Farming Practices: With a growing emphasis on sustainability, some mushroom cultivation operations focus on environmentally friendly practices, such as using recycled materials and sustainable farming methods.
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The shiitake mushroom segment is projected to be the fastest-growing in the mushroom cultivation market during the forecast period.
Also known as Black Forest mushrooms, these mushrooms are preferred by consumers because of their aromatic flavor, various nutritional and medicinal health benefits. They are one of the most popular cultivated varieties of specialty mushrooms. Native to Asia, it is primarily cultivated in Japan, China, and the US. They are a rich source of vitamins, minerals, protein, and are low in calories. Multiple health benefits associated with shiitake mushrooms is expected to boost its sales in the coming years at a global level.
South America is projected to be the fastest-growing during the forecast period.
South America mushroom cultivation market is projected to be the fastest-growing during the forecast period. Countries such as Brazil and Argentina constituted the largest markets in the South American region. Rising awareness among consumers regarding the medicinal and culinary value of mushrooms is expected to expand mushroom cultivation in these countries. The availability of agriculture waste in these countries is expected to gain the interest of growers to switch towards mushroom cultivation since agriculture waste acts as a substrate for mushroom production. Lucrative opportunities ie ahead for Brazil since it is the largest producer of sugarcane at a global level, generating a significant amount of agriculture waste.
Top players analyzed:
Monaghan Mushrooms (Ireland), Walsh Mushrooms Group (Ireland), Mycelia (Belgium), South Mill Mushrooms Sales (US), Smithy Mushrooms Ltd. (UK), Rheinische Pilz Zentrale GmbH (Germany), Italspwan (Italy), Mushroom SAS (Italy) Hirano Mushroom LLC (Kosovo), Fujishukin Co. Ltd. (Japan), Societa Agricola Porretta (Italy), Gourmet Mushrooms, Inc. (US), Fresh Mushroom Europe (Belgium), Commercial Mushroom Producers (Ireland), Lambert Spawn (US), F.H.U Julita Kucewicz (Poland), Polar Shiitake Oy (Finland), Heereco BV (Netherlands), Bluff City Fungi (US), and Mycoterra Farm (US).
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Key questions addressed by the report:
What are the new application areas for the mushroom cultivation market that companies are exploring?
Who are some of the key players operating in the market, and how intense is the competition?
What kind of competitors and stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
How are the current R&D activities and M&As in the market projected to create a disrupting environment in the coming years?
What will be the level of impact of new product launches on the revenues of stakeholders due to the benefits, such as increasing revenue, environmental regulatory compliance, and sustainable profits for the suppliers, offered by the mushroom cultivation market?
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Smart Agriculture Market: Key Trends, Insights 2022-2028
The agriculture industry is constantly losing its workforce due to the rise in urbanization, increased migration of local laborers, and lower farm revenue. These factors have led farmers to look for new solutions. Smart farming has gained momentum with automation in activities using technologies such as the IoT, big data & analytics, artificial intelligence and machine learning. The global smart agriculture market is anticipated to surge at a CAGR of 10.35% over the forecast period 2022-2028.
With a boom in population, food demand is anticipated to rise incrementally by 2050. There will be immense pressure on farmers to increase crop production and yield. This can only be achieved by increasing the land to grow crops or opting for new techniques, such as precision and vertical farming. The use of technologies, such as LED indoor farming, to create nature-like conditions will help farmers to match the expected demand for food supply in the future.
Digitalization – Key Driver
According to our reports, based on the type segment, precision farming currently holds the largest share of over 42.04% and is anticipated to maintain its stronghold throughout the forecast period.
Precision farming is experiencing a rapid transformation from a service and product perspective. The emergence of smart sensors, robotic automation, sophisticated biologicals, digital data, and many big incumbents are a few technological advancements that are ushering a new era in agriculture. The integration of technology in precision farming equipment is anticipated to drive the studied market’s growth.
Irrigation products have been a major contributor to the precision farming market. With the growing need for appropriate agricultural equipment, variable rate application (VRA) products are expected to propagate the studied market in the next five years.
Globally, the Asia-Pacific smart agriculture market is projected to be the fastest-growing region during the forecast period 2022-2028. The region presents immense scope for development, owing to the increasing urban population size, growing penetration of the internet in farm management, and favorable government investments. Moreover, the presence of economically advancing countries such as India and China is expected to create avenues for precision agriculture in the region.
Automation Trends
A shift in the global aging demographic has prompted the adoption of automation in farming practices.
Automation and control system manufacturers have seen a significant increase in sales due to this profound change in the farming industry.
Over the last 5 years, agricultural robots have been deployed for the purpose of crop management. These robots selectively treat soil and crops based on their needs, thereby reducing manual labor. Out of all the robots used in smart farming, UAVs/drones generated the most revenue.
Companies to Watch in the Market
In recent years, partnership and collaboration have been key strategies for expansion in the smart agriculture farming market. With the increasing growth in the global market, companies in this industry have incorporated collaborative strategies with other agricultural OEMs to remain competitive.
Some of them are as follows:
In May 2022, AGCO Corp acquired JCA Industries Inc (a leading autonomous software provider of agricultural-related products) to enhance the company’s automation system portfolio.
In June 2021, AgJunction Inc collaborated with Robert Bosch LLC to join the NEVONEX partner network. The partnership integrated NEVONEX into AgJunction’s hardware modules. The collaboration also enabled AgJunction Inc to provide its customers with a wider range of automated processes.
In February 2021, DroneDeploy collaborated with Corteva Agriscience, a leading manufacturer and supplier of agricultural seeds and chemicals, to design, develop, and provide advanced artificial intelligence and machine learning platforms to farmers to improve productivity.
In January 2021, Farmers Edge Inc collaborated with Google Cloud to promote the company’s services and boost its program’s implementation of artificial intelligence, machine learning, and predictive analysis.
Conclusion
Technological advancements and their incorporation into farming activities have benefited the agricultural sector. Out of all the equipment, such as sensors and robots, drones are anticipated to revolutionize the sector, as companies and farmers are eager to incorporate them into their business models. According to the Association for Unmanned Vehicles Systems International (AUVSI), around 80% of commercial drones will eventually be used for agriculture. The data collected from drones help farmers to improve the yield and provide water, fertilizer, and chemical pesticides to the crops when needed. It also helps to monitor crop health while checking for signs of diseases. Thus, the increasing benefits of automation and the use of drones in agriculture are anticipated to create new avenues for the smart agriculture market.
FAQ:
Q 1) What are the revenue estimations for the global smart agriculture market?
The global smart agriculture market was valued at $12.52 billion in 2021 and is expected to reach $24.88 billion by 2028.
Q2) Which segments are covered under the smart agriculture market?
Type and component are the segments covered in the smart agriculture market.
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Arugula Microgreen Market Size, Growth, Demand & Opportunities 2031
According to a new report published by Allied Market Research, titled, “Arugula Microgreen Market Size," The arugula microgreen market size was valued at $165.20 million in 2021, and is estimated to reach $402.6 million by 2031, growing at a CAGR of 9% from 2022 to 2031.
Arugula microgreens are edible plants that are harvested in the nascent growth stage. They have a quick crop cycle. They are ready to harvest in around 7 to 14 days, depending on the species and varieties of the arugula microgreen. Arugula microgreens are majorly cultivated in indoor vertical and greenhouse farming methods as they need intense care and controlled environment. The favorable temperature for the healthy and desired growth of arugula microgreen is 18 to 24°C and relative humidity (RH) of 40 to 60%; therefore, protected cultivation is majorly used.
Key Players:
The players operating in the arugula microgreen industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include AeroFarms, TruLeaf Sustainable Agriculture, Gotham Greens, Madar Farms, 2BFresh, The Chef's Garden Inc., Farmbox Greens LLC, Living Earth Farm, TruLeaf Sustainable Agriculture, and Bowery Farming.
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Arugula microgreens have been gaining major popularity among health-conscious people as they contain huge amount of vitamins and antioxidants, which helps reduce the risk of cardiovascular and chronic diseases. Furthermore, arugula microgreens need comparatively less resources to grow at home for daily consumption; therefore, it can be easily grown in the garden and rooftop. Rise in adoption of the protected cultivation and financial and technical support from the government to farmers for the erection of protected cultivation plants are expected to support to increase in the production of arugula microgreen. Furthermore, growth in use of arugula microgreen in the food services industry as flavor and texture enhancement ingredients is expected to surge the Arugula Microgreen Market Demand. Due to the COVID-19 pandemic, supply chain has been adversely affected and whole food & beverage industry is still incurring losses. Governments are frequently practicing total lockdown to limit the spread of corona virus, in which restaurants are strictly suggested to close.
Restaurant is one of the major selling points of arugula microgreen. Temporarily, COVID-19 pandemic is restraining the Arugula Microgreen Market Growth.
The arugula microgreen market is segmented on the basis of farming, end user, and region. By farming, it is segregated into indoor vertical farming, commercial greenhouses, and other. By end user, market is segmented into retail, food service, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Germany, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
Key findings of the study
In 2021, the arugula microgreen market was valued at $165.2 million in 2021 and is projected to reach $402.6 million by 2031, registering a CAGR of 9.0%.
In 2021, depending on farming, the indoor vertical farming segment held the major share in the market in 2021.
In 2021, depending on end user, the food service segment was valued at $97.8 million, accounting for 59.2% of the global arugula microgreen market share.
In 2021, the U.S. was the most prominent market in North America and is projected to reach $47.8 million by 2031, growing at a CAGR of 8.4% during the forecast period.
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