The Vertical Farming Market Size Report by fortune business insights delivers a detailed market assessment, covering size projections from 2025 to 2032. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Vertical Farming Market Size Expected to Be by 2032?
Global Vertical Farming Market size was valued at USD 6.92 billion in 2024 and is poised to grow from USD 8.52 billion in 2025 to USD 50.10 billion by 2032, growing at a CAGR of 28.8% during the forecast period(2025-2032)., The market has witnessed steady growth over recent years, driven by evolving consumer demands, technological advancements, and increasing investments across the sector. Rising awareness, improved accessibility, and expanding global reach have further fueled market expansion. As trends continue to shift and innovation accelerates, the market is expected to maintain a positive growth trajectory, presenting new opportunities for both established players and emerging businesses
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Overview of the impact of COVID-19 on this market:
The advent of COVID-19 has brought the world to a standstill. We know that this health crisis has had an unprecedented impact on businesses across industries. However, this too shall pass. Increased support from governments and various companies can help in the fight against this highly contagious disease. Some industries are struggling, while others are thriving. Overall, almost every sector is expected to be affected by the pandemic.
We are working tirelessly to ensure your business continues to thrive and grow during the COVID-19 pandemic. Drawing on our experience and expertise, we will provide industry-wide analysis of the impact of the coronavirus outbreak to help you prepare for the future.
What Are the Primary Drivers Shaping the Vertical Farming Market?
One of the primary factors driving demand in the vertical farming market is the growing awareness of food security and sustainability. With traditional agriculture facing challenges from climate change, water scarcity, and soil degradation, vertical farming presents a viable alternative for producing food in a controlled and sustainable manner. Consumers are increasingly looking for locally sourced, fresh, and organic produce, which vertical farms can provide year-round, independent of seasonal constraints or extreme weather conditions. Additionally, the need to reduce the carbon footprint of food production and transportation is encouraging governments and companies to invest in vertical farming as part of their environmental strategies.
The technological advancements in vertical farming systems are another key driver of demand. The development of more affordable and efficient LED lighting, coupled with advancements in hydroponics, aquaponics, and aeroponics, has made vertical farming more economically viable. These technologies allow for higher crop yields with less resource usage, making vertical farming an attractive option for urban agriculture and commercial production. Furthermore, the increasing interest from venture capital and agritech startups is propelling research and innovation in the sector, which is driving down costs and improving scalability. This is making vertical farming a more accessible solution for meeting the global demand for food as urban populations continue to grow.
Who Are the Top Competitors in Key Vertical Farming Market Segments?
AeroFarms
BrightFarns
Plenty
Freight Farms, Inc.
Illumitex Inc.
4D Bios, Inc.
Thrive Agritech
Heliospectra AB
Everlight Electronics
Signify
Osram
What Are the Major Trends Shaping the Vertical Farming Market?
The global vertical farming market is growing rapidly as technological advancements in agriculture are meeting the increasing demand for sustainable food production. One of the major trends is the rise of automation and artificial intelligence (AI) in vertical farming systems. AI-driven technologies, including machine learning algorithms and sensors, are being integrated to monitor and optimize plant growth, manage resources, and reduce waste. Automated systems are also used for climate control, lighting, irrigation, and nutrient delivery, which enhance yield consistency while minimizing the environmental footprint. Additionally, the shift toward more energy-efficient vertical farms, using LED lighting and renewable energy sources, is further driving market growth as it reduces operational costs and aligns with sustainable development goals.
Another significant trend is the increasing adoption of vertical farming in urban environments. As urban populations grow, cities are seeking innovative solutions to address food security and minimize food miles. Vertical farming offers a scalable and space-efficient method of producing food locally, often within urban centers or near consumer markets. This trend is supported by the rising demand for pesticide-free, organic produce, as vertical farms offer controlled environments that require fewer chemicals and pesticides. Moreover, the expansion of vertical farming in emerging markets, particularly in Asia-Pacific, is creating new opportunities as governments and private investors focus on sustainable agricultural solutions to meet the food needs of their growing populations.
Market Segments
Market segmentation involves dividing a broad consumer or business market into sub-groups of consumers based on shared characteristics. These segments can be defined by demographic, geographic, psychographic, and behavioral factors. Understanding these segments allows businesses to tailor their products, services, and marketing strategies to better meet the specific needs of each group. By focusing on distinct market segments, companies can enhance customer satisfaction, improve targeting efficiency, and increase overall competitiveness in the marketplace.
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Key findings of the report:
Comprehensive overview of the Vertical Farming Market
Important factors that enable, restrict, challenge and provide opportunities for the market
Key Insights and Key Industry Developments
Key players operating in the Vertical Farming Market
Key strategies adopted by players include new product launches and company collaborations to generate better profits.
Other Market Trends
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vertical Farming Market?
2. What is the CAGR expected in the Vertical Farming Market?
3. What Are the Key Innovations Transforming the Vertical Farming Market?
4. Which Region Is Leading the Vertical Farming Market?
Which Regions Are Becoming Hubs for Vertical Farming Market Innovation?
North America (United States and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and other European countries)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and other Latin American countries)
The Vertical Farming Market research report provides a complete assessment of the industry. The forecasts included in the report have been determined using proven research philosophy and assumptions.
Research Methodology:
We follow a robust research methodology that includes data triangulation based on bottom-up and top-down approaches and validation of estimated market figures through primary research. The information used to estimate the market size and forecast for various segments at global, regional and country levels is derived from the most reliable published sources and interviews with relevant stakeholders.
The growth rate or CAGR shown in the market during a specific forecast period is calculated based on various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technology developments, and market trends.
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Key Table of Contents of Vertical Farming Market Research Report:
introduction
summation
Market Trends
Key Vertical Farming Market Insights
Global Market Analysis, Insights and Forecasts
North America Market Analysis, Insights and Forecasts
European Market Analysis, Insights and Forecasts
Asia Pacific Market Analysis, Insights and Forecasts
Middle East and Africa Market Analysis, Insights and Forecasts
Latin America Market Analysis, Insights and Forecasts
Competitive environment
Global Vertical Farming Market Revenue Share Analysis, By Key Players, 2025
Company Profile
conclusion
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