Latin America Vertical Farming Market Outlook, 2027
Bharat Book Bureau Provides the Trending Market Research Report on “Latin America Vertical Farming Market Outlook, 2027” under Food & Beverage Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports. Beyond providing fresh local produce, vertical farming could help increase food production and expand agricultural operations as the world’s population is projected to reach 9 billion by 2050. Also, by the same year, it is expected that two out of every three people will live in urban areas. Producing fresh greens and vegetables close to this urban population could help to meet the increasing food demands across the globe. Vertical farming offers a sustainable and environmentally responsible way of life for the upcoming enhanced lifestyle. In Latin America, the market is projected to expand as the consumer demand for organic foods is being complemented by rising disposable incomes and a growing population. Further, increasing penetration of technology advancements in the vertical farming industry across Latin America, which will bring down the overall cost, is forecasted to direct the market towards higher momentum. For instance, AgroUrbana was the first vertical farm established in Latin America with its 3000 square foot pilot facility located in Santiago (Chile). Furthermore, Latin America is planning to replicate this farm on a larger scale (30,000 square feet). This new facility will allow AgroUrbana to increase its output by twentyfold and will fuel the higher market growth.