Farming as a Service Market Size

Farming as a Service Market size was over USD 5.3 Billion in 2023 and is set to cross USD 23.6 Billion by the end of 2036, growing at more than 16% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of farming as a service is assessed at USD 6.8 Billion.

Increasing food production globally is a driving factor behind this market expansion. Farming as a service (FaaS) has the potential to change farmers' lives and reshape the food system by advancing much-needed process and product innovations in agriculture. As per the Food and Agriculture Organization, to feed the 9.1 billion people that will inhabit the planet by 2050, total food production would need to increase by about 70%.