Europe Vertical Farming Crops Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Crop Type (Tomato, Leafy Greens, Herbs, and Others), End-Use (Food Retail and Food Service), Farming Technique (Hydroponics, Aeroponics, and Aquaponics)

Code: TIPRE00022169 | Pages: 109 | Industry: Food and Beverages | Date: May 2021
Covid

Market Introduction

The Europe vertical farming crops market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The European region constitutes developed economies such as Germany, France, UK, and Italy as a developing nation. Germany is one of the major producers of food and agricultural products. Commonly grown crops by vertical farming are tomatoes, peppers, eggplant, cucumbers, microgreens & sprouts, lettuce, spinach, strawberries, and mushrooms. Vegetables highly preferred by the German populace include tomatoes, potatoes, root vegetables, onion, cucumber, and cabbages. France is expected to play a vital role in the Europe market due to its expanding agricultural sector. Vertical farms offer fresh fruits and vegetables that are grown without the use of any chemicals. Thus, increasing trend of organic farming in France will provide immense opportunity for the vertical farming crops segment. Italy is a large consumer market. The agricultural sector is witnessing a generational shift, as more people are now open to innovation. Moreover, the European government are directing public investments in the sustainable farming sector, which will enhance the market growth during the forecast period. UK strives to produce superior quality, traceable, and farm-assured fresh fruit and vegetables that meet the consumer demand. Growers are investing in their businesses to attain excellent efficiency.


In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of food and beverages producing activities; other horticulture producing sector has subsequently impacted the demand for vertical farming crops during the early months of 2020. Moreover, decline in the overall production activities has led to discontinuation of food and beverages producing projects, thereby reducing the demand for vertical farming crops. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, and Spain. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

 


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Market Overview and Dynamics

The vertical farming crops market in Europe is expected to grow from US$ 89.72 Mn in 2019 to US$ 520.88 Mn by 2027; it is estimated to grow at a CAGR of 24.7 % from 2020 to 2027. Rising demand for healthy food among the Europe population would trigger the market's growth during the forecast period. Increasing use of synthetic chemical fertilizers and pesticides in food products often leads to several health issues, including cancer, obesity, and other congenital disabilities. These factors are driving the consumers' inclination toward locally grown produce. Furthermore, due to increasing focus toward health awareness, the demand for pesticide-free food products by consumers worldwide has risen exponentially. This, in turn, is fueling the demand for vertically farmed crops since they are cultivated with extreme hygiene, free of pesticides, and delivered for direct retail within hours of harvest. Additionally, according to Whole Foods, one big driver of the vertical farming trend is people wanting to know where their food comes from, especially for people in urban areas. vertical farming is an extension of controlled environment agriculture, and it often uses hydroponic growing techniques and implements biological controls. There is no need to contaminate crops with toxic chemicals. Therefore, rise in demand for fresh, pesticide-free, and locally grown produce is projected to provide huge market opportunities over the projected period.   


Key Market Segments

Based on crop type, the leafy greens segment accounted for the largest share of the Europe vertical farming crops market in 2019. Based on end-use, the food retail segment held a larger market share of the Europe vertical farming crops market in 2019. As per farming technique, hydroponics segment held a larger market share of the Europe vertical farming crops market in 2019.


Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe vertical farming crops market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Agricool, Bowery Farming Inc., Infarm, Plantlab, and Gotham Greens.


Reasons to buy report

  • To understand the Europe vertical farming crops market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe vertical farming crops market
  • Efficiently plan M&A and partnership deals in Europe vertical farming crops market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe vertical farming crops market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.




EUROPE VERTICAL FARMING CROPS MARKET SEGMENTATION

By Crop Type

  • Tomato
  • Leafy Greens
  • Herbs
  • Others

By End-Use

  • Food Retail
  • Food Service

By Farming Technique

  • Hydroponics
  • Aeroponics
  • Aquaponics

By Country

  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

Company Profiles

  • Agricool
  • Bowery Farming Inc.
  • Infarm
  • Plantlab
  • Gotham Greens  

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.           Europe Vertical Farming Crops Market Landscape

4.1          Market Overview

4.2          PEST Analysis

4.2.1          Europe

4.3          Expert Opinion

5.           Europe Vertical Farming Market – Key Market Dynamics

5.1          Market Drivers

5.1.1          Increase in Demand for Fresh, Pesticide-Free, and Locally Grown Produce

5.1.2          Lack in Availability of Arable Land for Conventional Agriculture

5.2          Market Restraints

5.2.1          High initial and maintenance cost

5.3          Market Opportunities

5.3.1          Incrementing Demand for Vertical Farming in Highly Populated Urban Regions

5.4          Future Trends

5.4.1          AI-Enabled Vertical Farms

5.5          Impact Analysis of Drivers and Restraints

6.           Vertical Farming Crops – Europe Market Analysis

6.1          Vertical Farming Crops Market Overview

6.2          Europe Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

7.           Europe Vertical Farming Market Analysis – By Crop Type

7.1          Overview

7.2          Vertical Farming Market, By Crop Type (2019 and 2027)

7.3          Tomato

7.3.1          Overview

7.3.2          Tomato: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

7.4          Leafy Greens

7.4.1          Overview

7.4.2          Leafy Greens: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

7.5          Herbs

7.5.1          Overview

7.5.2          Herbs: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

7.6          Others

7.6.1          Overview

7.6.2          Others: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

8.           Europe Vertical Farming Market Analysis – By End-Use

8.1          Overview

8.2          Vertical Farming Crops Market, By End-Use (2019 and 2027)

8.3          Food Retail

8.3.1          Overview

8.3.2          Food Retail: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

8.4          Food Service

8.4.1          Overview

8.4.2          Food Service: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

9.           Vertical Farming Market Analysis – By Farming Technique

9.1          Overview

9.2          Vertical Farming Crops Market, By Farming Technique (2019 and 2027)

9.3          Hydroponics

9.3.1          Overview

9.3.2          Hydroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

9.4          Aeroponics

9.4.1          Overview

9.4.2          Aeroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

9.5          Aquaponics

9.5.1          Overview

9.5.2          Aquaponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

10.        Europe Vertical Farming Crops Market – Geographic Analysis

10.1        Overview

10.1.1        Europe: Vertical Farming Crops Market, by Key Country

10.1.2        Europe Vertical Farming Crops Market, by Country – Revenue and Forecast to 2027 (USD Million)

10.1.2.1          Germany: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

10.1.2.1.1           Germany: Vertical Farming Crops Market, by Crop Type

10.1.2.1.2           Germany: Vertical Farming Crops Market, by End-Use

10.1.2.1.3           Germany: Vertical Farming Crops Market, by Farming Technique

10.1.2.2          France: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

10.1.2.2.1           France: Vertical Farming Crops Market, by Crop Type

10.1.2.2.2           France: Vertical Farming Crops Market, by End-Use

10.1.2.2.3           France: Vertical Farming Crops Market, by Farming Technique

10.1.2.3          Italy: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

10.1.2.3.1           Italy: Vertical Farming Crops Market, by Crop Type

10.1.2.3.2           Italy: Vertical Farming Crops Market, by End-Use

10.1.2.3.3           Italy: Vertical Farming Crops Market, by Farming Technique

10.1.2.4          United Kingdom: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

10.1.2.4.1           United Kingdom: Vertical Farming Crops Market, by Crop Type

10.1.2.4.2           United Kingdom: Vertical Farming Crops Market, by End-Use

10.1.2.4.3           United Kingdom: Vertical Farming Crops Market, by Farming Technique

10.1.2.5          Russia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

10.1.2.5.1           Russia: Vertical Farming Crops Market, by Crop Type

10.1.2.5.2           Russia: Vertical Farming Crops Market, by End-Use

10.1.2.5.3           Russia: Vertical Farming Crops Market, by Farming Technique

10.1.2.6          Rest of Europe: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

10.1.2.6.1           Rest of Europe: Vertical Farming Crops Market, by Crop Type

10.1.2.6.2           Rest of Europe: Vertical Farming Crops Market, by End-Use

10.1.2.6.3           Rest of Europe: Vertical Farming Crops Market, by Farming Techniques

11.        Impact of COVID-19 Pandemic on Europe Vertical Farming Crops Market

11.1        Overview

11.2        Europe: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1        Overview

12.2        Strategy & Business Planning

13.        Key Company Profiles

13.1        Agricool

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        BOWERY FARMING INC.

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        Infarm

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        Plantlab

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        Gotham Greens

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

14.        Appendix

14.1        About The Insight Partners

               14.2        Glossary of Terms

LIST OF TABLES

Table 1.              Europe Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.              Germany Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million)

Table 3.              Germany Vertical Farming Crops Market, by End-Use– Revenue and Forecast to 2027 (USD Million)

Table 4.              Germany Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million)

Table 5.              France Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million)

Table 6.              France Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million)

Table 7.              France Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million)

Table 8.              Italy Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million)

Table 9.              Italy Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million)

Table 10.            Italy Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million)

Table 11.            United Kingdom Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million)

Table 12.            United Kingdom Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million)

Table 13.            United Kingdom Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million)

Table 14.            Russia Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million)

Table 15.            Russia Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million)

Table 16.            Russia Vertical Farming Crops Market, by Farming Technique – Revenue and Forecast to 2027 (USD Million)

Table 17.            Rest of Europe Vertical Farming Crops Market, by Crop Type– Revenue and Forecast to 2027 (USD Million)

Table 18.            Rest of Europe Vertical Farming Crops Market, by End-Use – Revenue and Forecast to 2027 (USD Million)

Table 19.            Rest of Europe Vertical Farming Crops Market, by Farming Techniques – Revenue and Forecast to 2027 (USD Million)

Table 20.           Glossary of Terms, Vertical Farming Crops Market

LIST OF FIGURES

Figure 1.            Vertical Farming Crops Market Segmentation

Figure 2.            Europe Vertical Farming Crops Market Segmentation – By Country

Figure 3.            Europe Vertical Farming Crops Market Overview

Figure 4.            Leafy Greens Segment Held Largest Share of Europe Vertical Farming Crops Market

Figure 5.            Rest of Europe is Expected to Show Remarkable Traction During the Forecast Period

Figure 6.            Europe Vertical Farming Crops Market, Industry Landscape

Figure 7.            Europe – PEST Analysis

Figure 8.            Expert Opinion

Figure 9.            Europe Vertical Farming Crops Market Impact Analysis of Drivers and Restraints

Figure 10.          Europe Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.          Vertical Farming Crops Market Revenue Share, by Crop Type (2019 and 2027)

Figure 12.          Tomato: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 13.          Leafy Greens: Vertical Farming Crops Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.          Herbs: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.          Others: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.          Vertical Farming Crops Market Revenue Share, by End-Use (2019 and 2027)

Figure 17.          Food Retail: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.          Food Service: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.          Vertical Farming Crops Market Revenue Share, by Farming Technique (2019 and 2027)

Figure 20.          Hydroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.          Aeroponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 22.          Aquaponics: Vertical Farming Crops Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23.          Europe: Vertical Farming Crops Market, by Key Country – Revenue (2019) (USD Million)

Figure 24.          Europe: Vertical Farming Crops Market Revenue Share, by Key Country (2019 and 2027)

Figure 25.          Germany: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

Figure 26.          France: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

Figure 27.          Italy: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

Figure 28.          United Kingdom: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

Figure 29.          Russia: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

Figure 30.          Rest of Europe: Vertical Farming Crops Market –Revenue and Forecast to 2027 (US$ Million)

Figure 31.          Impact of COVID-19 Pandemic in Europe Country Markets

  1. Agricool
  2. Bowery Farming Inc.
  3. Infarm
  4. Plantlab
  5. Gotham Greens
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