AeroFarms SPAC Presentation Deck
Fresh Produce is a $1.4 Trillion Industry
Global fresh produce breakdown (2019)
Leafy greens²
5%
Other
vegetables¹
30%
Fresh produce
industry:
$1.4 trillion¹
Leafy greens, baby
greens, microgreens,
herbs, and niche
varieties: $78 BILLION²
Berries³
12%
Other fruits¹
53%
Global fresh produce
From 2019 to 2023, fresh
produce is projected to
grow
7% CAGR to be a
$1.8 trillion industry¹
Local produce market
58%
of shoppers prefer to buy
local produce4
Global leafy greens
From 2019 to 2023, leafy
greens is projected to
grow
7% CAGR to be a
$103 billion industry²
93%
of shoppers say they would
buy more local food if it was
available4
AEROFARMS BMI 2019 retail food market data, excludes foodservice sales; ² BMI 2019 leafy greens market data defined as leaf and stem vegetables; ³ 2019 Technavio Global Berries Market; 4 CStore Decisions Consumers Increasingly Value Local Food article
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