Farming As A Service Global Market Report 2024

Description

Farming as a service (FaaS) is a modern agricultural model that provides farmers access to advanced technologies, services, and resources on a subscription or pay-per-use basis. This model leverages technology to offer services that traditionally require substantial upfront investment, making them more accessible to small and medium-sized farmers.

The main farming as a service are farm management solutions, production assistance, and access to markets. Farm management solutions are software tools that help farmers manage their agricultural businesses and farms. It can be delivered through both a subscription and a pay-per-use model and is used by various end users, such as farmers, governments, corporate, financial institutions, and advisory bodies.

The farming as a service market research report is one of a series of new reports from The Business Research Company that provides farming as a service market statistics, including farming as a service industry global market size, regional shares, competitors with a farming as a service market share, detailed farming as a service market segments, market trends and opportunities, and any further data you may need to thrive in the farming as a service industry. This farming as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The farming as a service market size has grown rapidly in recent years. It will grow from $4.21 billion in 2023 to $4.95 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth during the historic period can be attributed to increased farm productivity, the growing use of IoT devices, a rising demand for sustainable farming practices, the increasing popularity of vertical farming, and a higher demand for farm automation.

The farming as a service market size is expected to see rapid growth in the next few years. It will grow to $9.56 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth during the forecast period can be attributed to the rising demand for precision agriculture, increased government initiatives and subsidies, a growing need for food security, heightened demand for sustainable agricultural practices, and the expanding adoption of modern farming methods. Key trends expected in this period include technological advancements, the integration of artificial intelligence, precision agriculture, IoT devices, and smart greenhouses.

The anticipated growth of the farming as a service (FaaS) market is driven by increasing food consumption. This rise in food consumption is attributed to growing global populations, higher incomes, and shifts in dietary preferences and lifestyles. FaaS offers access to advanced technologies, such as precision agriculture tools, which optimize the use of water, fertilizers, and pesticides. This results in higher crop yields and reduced waste, enabling farmers to produce more food with fewer resources. For example, in April 2024, a report by the United States Department of Agriculture revealed that global food consumption reached approximately 2.5 billion metric tons in 2021, with bread and cereal products being the most consumed category. Additionally, in 2023, agriculture, food, and related industries contributed about $1.530 trillion to the U.S. gross domestic product (GDP), representing roughly 5.6% of the total. Consequently, the rise in food consumption is fueling the growth of the farming as a service market.

Major companies in the farming as a service market are concentrating on developing advanced technological solutions, such as farm management software, to optimize and enhance agricultural operations. Farm management software is a digital tool that assists farmers in planning, monitoring, and analyzing farm activities, thereby improving productivity, resource use, and decision-making through data-driven insights. For example, in March 2023, Bushel Inc., a US-based software company, introduced the Bushel Farm management software, a next-generation tool for farmers and their agribusiness partners. The Bushel Farm software significantly reduces manual data entry by integrating with Bushel's FarmLogs solution. This feature allows farmers to seamlessly import grain sales data from various grain facilities that use Bushel solutions. Rather than spending hours entering data from contracts or scale tickets manually, farmers can now automate the process with just a few clicks. This software streamlines contract management by auto-populating contract details, simplifying workflows, and saving farmers valuable time.

In June 2022, BASF SE, a chemical company based in Germany, acquired Horta for an undisclosed amount. Following the acquisition, Horta will continue to operate with its existing organization, management, and established brand in the agri-food market, ensuring smooth business continuity despite the change in ownership. Horta S.r.l., located in Italy, specializes in digital farming solutions.

Major companies operating in the farming as a service market are Mahindra & Mahindra Limited, Trimble Inc., Ninjacart, Topcon Corporation, Raven Industries Inc., Granular Inc., RML AgTech, Figured Limited, Farmers Edge Inc., Agworld Pty Ltd, Conservis Corporation, FarmLogs Inc., AgriWebb, Solinftec, Farmplan, EM3 Agri Services Pvt Ltd, Synnefa, AGRIVI, Farmbrite, Agroptima SL, Traction Ag Inc., Grownetics Inc., Harvest Profit, Croptracker Inc.

North America was the largest region in the farming as a service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farming as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the farming as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The farming as a service market consists of revenues earned by entities by providing services such as precision agriculture, crop management, irrigation management and harvesting services. The market value includes the value of related goods sold by the service provider or included within the service offering. The farming as a service market also includes sales of pest and disease control products, climate and weather monitoring tools, farm infrastructure solutions and agricultural machinery. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Farming As A Service Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on farming as a service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for farming as a service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The farming as a service market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Services: Farm Management Solutions; Production Assistance; Access To Markets
2) By Delivery Model: Subscription; Pay-Per-Use
3) By End User: Farmers; Government ; Corporate; Financial Institutions; Advisory bodies
Companies Mentioned: Mahindra & Mahindra Limited; Trimble Inc.; Ninjacart; Topcon Corporation; Raven Industries Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20584

1. Executive Summary

2. Farming As A Service Market Characteristics

3. Farming As A Service Market Trends And Strategies

4. Farming As A Service Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Farming As A Service Market Size and Growth

5.1. Global Farming As A Service Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Farming As A Service Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Farming As A Service Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Farming As A Service Market Segmentation

6.1. Global Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Farm Management Solutions
Production Assistance
Access To Markets
6.2. Global Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Subscription
Pay-Per-Use
6.3. Global Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Farmers
Government
Corporate
Financial Institutions
Advisory bodies

7. Farming As A Service Market Regional And Country Analysis

7.1. Global Farming As A Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Farming As A Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Farming As A Service Market

8.1. Asia-Pacific Farming As A Service Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Farming As A Service Market

9.1. China Farming As A Service Market Overview
9.2. China Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Farming As A Service Market

10.1. India Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Farming As A Service Market

11.1. Japan Farming As A Service Market Overview
11.2. Japan Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Farming As A Service Market

12.1. Australia Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Farming As A Service Market

13.1. Indonesia Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Farming As A Service Market

14.1. South Korea Farming As A Service Market Overview
14.2. South Korea Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Farming As A Service Market

15.1. Western Europe Farming As A Service Market Overview
15.2. Western Europe Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Farming As A Service Market

16.1. UK Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Farming As A Service Market

17.1. Germany Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Farming As A Service Market

18.1. France Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Farming As A Service Market

19.1. Italy Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Farming As A Service Market

20.1. Spain Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Farming As A Service Market

21.1. Eastern Europe Farming As A Service Market Overview
21.2. Eastern Europe Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Farming As A Service Market

22.1. Russia Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Farming As A Service Market

23.1. North America Farming As A Service Market Overview
23.2. North America Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Farming As A Service Market

24.1. USA Farming As A Service Market Overview
24.2. USA Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Farming As A Service Market

25.1. Canada Farming As A Service Market Overview
25.2. Canada Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Farming As A Service Market

26.1. South America Farming As A Service Market Overview
26.2. South America Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Farming As A Service Market

27.1. Brazil Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Farming As A Service Market

28.1. Middle East Farming As A Service Market Overview
28.2. Middle East Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Farming As A Service Market

29.1. Africa Farming As A Service Market Overview
29.2. Africa Farming As A Service Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Farming As A Service Market, Segmentation By Delivery Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Farming As A Service Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Farming As A Service Market Competitive Landscape And Company Profiles

30.1. Farming As A Service Market Competitive Landscape
30.2. Farming As A Service Market Company Profiles
- 30.2.1. Mahindra & Mahindra Limited
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Trimble Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Ninjacart
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Topcon Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Raven Industries Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Farming As A Service Market Other Major And Innovative Companies

31.1. Granular Inc.
31.2. RML AgTech
31.3. Figured Limited
31.4. Farmers Edge Inc.
31.5. Agworld Pty Ltd
31.6. Conservis Corporation
31.7. FarmLogs Inc.
31.8. AgriWebb
31.9. Solinftec
31.10. Farmplan
31.11. EM3 Agri Services Pvt Ltd
31.12. Synnefa
31.13. AGRIVI
31.14. Farmbrite
31.15. Agroptima SL

32. Global Farming As A Service Market Competitive Benchmarking

33. Global Farming As A Service Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Farming As A Service Market

35. Farming As A Service Market Future Outlook and Potential Analysis

35.1 Farming As A Service Market In 2028 - Countries Offering Most New Opportunities
35.2 Farming As A Service Market In 2028 - Segments Offering Most New Opportunities
35.3 Farming As A Service Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer