Global Crowd Farming Market Insights Forecasts to 2033

• The Global Crowd Farming Market Size was Valued at USD 118.35 Million in 2023
• The Market Size is Growing at a CAGR of 6.1% from 2023 to 2033
• The Worldwide Crowd Farming Market Size is Expected to Reach USD 214.05 Million by 2033
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Crowd Farming Market Size is Anticipated to Exceed USD 214.05 Million by 2033, Growing at a CAGR of 6.1% from 2023 to 2033.

Market Overview

Crowd farming is a groundbreaking and innovative agricultural model that connects consumers and farmers directly. Individuals can use this innovative approach to purchase a share of a farmer's harvest in advance, effectively becoming a "mini-owner" of a specific agricultural product such as a tree, beehive, or even a vineyard. This one-of-a-kind arrangement not only fosters a sense of ownership and involvement but also encourages a better understanding and appreciation for the food production process. Crowd farming bridges the gap between producer and consumer, resulting in a mutually beneficial relationship that extends beyond the traditional transaction. It enables consumers to have a direct impact on the farming practices they support while also ensuring transparency and traceability. Crowd farming also ensures that produce is fresh and high-quality because it is harvested and delivered straight from the farm to the consumer. Crowd farming not only provides immediate benefits, but it also contributes to the larger cause of sustainable farming. Supporting local farmers and reducing reliance on intermediaries helps to reduce the carbon footprint of long-distance transportation and storage. Furthermore, increased transparency and accountability encourage farmers to use environmentally friendly practices, such as organic farming or regenerative agriculture, to meet the expectations of their "mini-owners."

Report Coverage

This research report categorizes the market for the global crowd farming market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global crowd farming market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global crowd farming market.

Driving Factors

The rising global demand for organic products is expected to significantly increase the popularity and acceptance of crowd farming. As consumers become more health-conscious and environmentally conscious, they are looking for organic products free of harmful pesticides and genetically modified organisms. Furthermore, this preference stems not only from the perceived health benefits of organic foods but also from a desire to promote environmentally friendly farming practices. Also, crowd farming, as a model, allows consumers to interact directly with farmers, ensuring the authenticity of organic produce and encouraging fair trade. In addition, various advances in digital technology and the internet have paved the way for the global expansion of crowd farming. The concept of crowd farming, which allows people to invest in and directly benefit from agricultural projects, has grown in popularity as a result of the increased connectivity provided by the internet. Moreover, consumers worldwide can now interact directly with farmers, fostering trust and transparency. These digital platforms also enable customers to buy high-quality, fresh produce directly from farms, avoiding traditional retail chains and their associated costs.

Restraining Factors

Crowd farming, an innovative agricultural model that connects farmers directly to consumers, is facing challenges in its global adoption, owing primarily to a lack of awareness. Despite the potential benefits of sustainability, transparency, and improved farmer-consumer relations, the concept of crowd farming is still uncommon in many areas. There are several factors contributing to this lack of awareness. This may hamper market growth during the forecast period.

Market Segmentation

The global crowd-farming market share is classified into agri-commodity, platform, and region.

• The livestock & their products segment is expected to hold the largest share of the global crowd farming market during the forecast period.   

Based on the agri-commodity, the global crowd farming market is categorized into fruits & vegetables, grains, livestock & their products, and others. Among these, the livestock & their products segment is expected to hold the largest share of the global crowd farming market during the forecast period. This dominance is attributed to the growing global demand for organic, sustainably raised meat and dairy products. As people become more conscious of their food choices, they seek out products that are both nutritious and environmentally friendly. Crowd farming addresses these issues by encouraging sustainable practices and lowering the carbon footprint of food production.

• The mobile apps segment is expected to hold the largest share of the global crowd farming market during the forecast period.   

Based on the platform, the global crowd farming market is categorized into website-based and mobile apps. Among these, the mobile apps segment is expected to hold the largest share of the global crowd farming market during the forecast period. This growth can be attributed to the increased convenience and accessibility that mobile apps offer their users. Individuals can now manage their agricultural investments while on the go, thanks to smartphones becoming ubiquitous and widely used across various demographics. Mobile apps have a more user-friendly interface and provide a seamless experience for users to navigate through various features and functionalities. Real-time updates and push notifications keep users up to date on the latest developments in their agricultural investments, fostering a sense of engagement and involvement.

Regional Segment Analysis of the Global Crowd Farming Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global crowd farming market over the predicted timeframe.

North America is projected to hold the largest share of the global crowd farming market over the forecast period. This could be due to a variety of factors. Consumers are becoming increasingly aware of the importance of sustainable farming techniques. People are becoming more aware of the environmental impact of their food choices, and they are looking for farming practices that have low ecological footprints. Furthermore, the strong emphasis on farm-to-table concepts in North America has contributed significantly to the expansion of crowd farming practices. Farm-to-table initiatives have promoted direct relationships between farmers and consumers, fostering trust and transparency in the food supply chain. As a result, consumers' interest and participation in crowd farming have increased, as they feel more connected to the source of their food.

Asia Pacific is expected to grow at fastest CAGR growth of the global crowd farming market during the forecast period due to countries such as India, China, and Japan relying heavily on agriculture to improve their economic conditions. Developments in agricultural practices are actively incorporated in these countries, and these innovations will help the growth of the global crowd farming market over the forecast period. The demand to feed China and India's ever-increasing populations is expected to boost demand and thus market growth during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global crowd farming market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Steward Technologies LLC
• IndieGoGo (crowdfarming.com)
• Crofarm Agriproducts Pvt Ltd.
• Money Farm Gambia
• Crowd Farm Africa Limited
• Farmcrowdy
• eFarms
• Livestock Wealth (Pty) Ltd.
• Complete Farmer Limited
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2033. Spherical Insights has segmented the global crowd farming market based on the below-mentioned segments: 

Global Crowd Farming Market, By Agri-Commodity

• Fruits & Vegetables
• Grains
• Livestock & Their Products
• Others

Global Crowd Farming Market, By Platform

• Website-Based
• Mobile Apps

Global Crowd Farming Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa