The global Vertical Farming Produce Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Crop (Tomato, Lettuce, Bell & Chili Peppers, Strawberry, Cucumber, Leafy Greens, Herbs, Others), By Structure (Shipping Container, Building-based), By Growing Mechanism (Aeroponics, Hydroponics, Aquaponics).
The vertical farming produce market is experiencing significant growth and innovation driven by key trends shaping the future of agriculture, urban development, and food security. One notable trend is the increasing adoption of vertical farming technologies to meet the growing demand for fresh, locally grown produce in urban areas while addressing challenges such as land scarcity, water scarcity, and climate change impacts on traditional agriculture. Vertical farming systems utilize controlled environment agriculture (CEA) techniques such as hydroponics, aeroponics, and aquaponics to grow crops indoors, vertically stacked in vertically inclined surfaces or shelves, under LED lighting and precisely controlled environmental conditions, optimizing space utilization, resource efficiency, and crop yields. Additionally, advancements in automation, sensor technology, and data analytics are driving innovations in vertical farming operations, enabling real-time monitoring, remote management, and predictive analytics for crop growth, nutrient management, and pest control, ensuring optimal plant health, productivity, and quality throughout the growing cycle. Furthermore, the integration of renewable energy sources, closed-loop water systems, and sustainable farming practices is driving market growth by promoting energy efficiency, water conservation, and environmental sustainability in vertical farming operations, reducing carbon footprint and ecological impact compared to conventional agriculture methods. Moreover, collaborations between vertical farming companies, technology providers, and food retailers are driving innovation and market growth by delivering locally grown, fresh produce to urban consumers year-round, promoting food security, resilience, and community engagement in the face of global challenges such as climate change, population growth, and urbanization, ensuring continued advancement and adoption of vertical farming as a sustainable and scalable solution for the future of agriculture.
The market report analyses the leading companies in the industry including AeroFarms, Agricool, BADIA FARMS, Bowery Farming Inc, BrightFarms, Gotham Greens, GrowUp Urban Farms Ltd, InFarms, Plenty UnLtd Inc, Sky Greens, Spread, YesHealthFarms.
A prominent trend in the vertical farming produce market is the increasing demand for locally grown and sustainable produce. As consumers become more conscious of food sourcing, environmental impact, and the need for resilient food supply chains, there is a growing preference for fresh fruits, vegetables, and herbs grown using vertical farming methods. Vertical farming offers several advantages, including reduced water usage, lower carbon footprint, and year-round production in urban environments, making it an attractive solution for meeting the demand for locally sourced and sustainable produce. This trend is driven by consumer preferences for healthier, fresher, and environmentally friendly food options, as well as by the growing awareness of the benefits of vertical farming in addressing food security and sustainability challenges.
The primary driver for the vertical farming produce market is urbanization and the increasing scarcity of arable land. Rapid urbanization is leading to the expansion of urban areas and the loss of farmland, making it challenging to meet the growing demand for fresh produce in densely populated cities. Vertical farming offers a solution to this challenge by maximizing space efficiency and enabling food production closer to urban centers, reducing transportation distances and ensuring fresher produce for consumers. Additionally, vertical farming techniques such as hydroponics and aeroponics allow for efficient use of resources such as water and nutrients, further driving adoption among urban farmers and commercial growers. As urban populations continue to grow, the demand for locally grown produce from vertical farms is expected to increase, fostering market growth and innovation in vertical farming technologies.
An opportunity for market expansion in the vertical farming produce segment lies in diversifying into specialty and exotic produce. While vertical farms traditionally focus on growing staple crops such as leafy greens, herbs, and microgreens, there is a growing demand for specialty and exotic fruits, vegetables, and herbs that are not readily available in traditional agriculture or imported from distant regions. Vertical farming's controlled environment and year-round production capabilities make it well-suited for cultivating specialty crops with specific requirements such as climate control, precise nutrient levels, and protection from pests and diseases. By expanding their product offerings to include specialty and exotic produce, vertical farming operators can tap into niche markets, differentiate themselves from conventional produce suppliers, and cater to the evolving tastes and preferences of consumers seeking unique and diverse food options. Collaborations with chefs, restaurants, specialty grocers, and food enthusiasts can help identify market opportunities and drive innovation in vertical farming produce.
The largest segment in the Vertical Farming Produce Market is the Leafy Greens category. Leafy greens, such as kale, spinach, and arugula, are popular crops in vertical farming. leafy greens have relatively short growth cycles, allowing for frequent harvests and higher yield turnover rates, which is advantageous for vertical farming systems operating on a continuous production model. Further, these crops have high market demand and are consumed regularly as part of salads, sandwiches, and smoothies, driving consistent sales opportunities for vertical farming producers. Additionally, leafy greens are well-suited to the controlled environment of vertical farms, where factors such as temperature, humidity, and light can be precisely regulated to optimize growth conditions and maximize yields. Given these factors, the Leafy Greens segment is the largest in the Vertical Farming Produce Market due to its compatibility with vertical farming techniques, high consumer demand, and efficient production characteristics.
The fastest-growing segment in the Vertical Farming Produce Market is the Shipping Container category. This growth is driven by Diverse factors that make shipping container farms increasingly attractive for agricultural production. shipping container farms offer scalability and flexibility, allowing farmers to expand their operations quickly and efficiently in response to changing market demands. These compact units can be easily transported and installed in various locations, including urban areas where space is limited, enabling localized food production and reducing transportation costs. Additionally, shipping container farms are equipped with advanced technologies such as hydroponic or aeroponic systems, LED lighting, and climate control systems, which optimize growing conditions and maximize yields year-round. Furthermore, the modular design of shipping container farms allows for automation and remote monitoring, reducing labor costs and increasing operational efficiency. As a result of these advantages, the Shipping Container segment is experiencing rapid growth as more farmers and entrepreneurs recognize the potential of this innovative approach to vertical farming.
The fastest-growing segment in the Vertical Farming Produce Market is the Aeroponics category. Aeroponic systems utilize a soilless growing mechanism where plant roots are suspended in a nutrient-rich mist, allowing for efficient nutrient uptake and oxygenation. This growing method offers potential advantages that contribute to its rapid growth in vertical farming. aeroponic systems require less water compared to hydroponic and aquaponic systems, making them more environmentally sustainable and cost-effective, especially in regions prone to water scarcity. Further, aeroponics allows for precise control over nutrient delivery and environmental conditions, resulting in faster growth rates, higher yields, and superior crop quality. Additionally, aeroponic systems are highly adaptable and suitable for vertical farming structures of various sizes and configurations, making them attractive to both commercial producers and urban farmers seeking innovative and space-efficient growing solutions. As a result of these benefits, the Aeroponics segment is experiencing significant growth as the vertical farming industry continues to expand and evolve.
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
AeroFarms
Agricool
BADIA FARMS
Bowery Farming Inc
BrightFarms
Gotham Greens
GrowUp Urban Farms Ltd
InFarms
Plenty UnLtd Inc
Sky Greens
Spread
YesHealthFarms
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Vertical Farming Produce Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Vertical Farming Produce Market Size Outlook, $ Million, 2021 to 2030
3.2 Vertical Farming Produce Market Outlook by Type, $ Million, 2021 to 2030
3.3 Vertical Farming Produce Market Outlook by Product, $ Million, 2021 to 2030
3.4 Vertical Farming Produce Market Outlook by Application, $ Million, 2021 to 2030
3.5 Vertical Farming Produce Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Vertical Farming Produce Industry
4.2 Key Market Trends in Vertical Farming Produce Industry
4.3 Potential Opportunities in Vertical Farming Produce Industry
4.4 Key Challenges in Vertical Farming Produce Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Vertical Farming Produce Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Vertical Farming Produce Market Outlook by Segments
7.1 Vertical Farming Produce Market Outlook by Segments, $ Million, 2021- 2030
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
8 North America Vertical Farming Produce Market Analysis and Outlook To 2030
8.1 Introduction to North America Vertical Farming Produce Markets in 2024
8.2 North America Vertical Farming Produce Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Vertical Farming Produce Market size Outlook by Segments, 2021-2030
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
9 Europe Vertical Farming Produce Market Analysis and Outlook To 2030
9.1 Introduction to Europe Vertical Farming Produce Markets in 2024
9.2 Europe Vertical Farming Produce Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Vertical Farming Produce Market Size Outlook by Segments, 2021-2030
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
10 Asia Pacific Vertical Farming Produce Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Vertical Farming Produce Markets in 2024
10.2 Asia Pacific Vertical Farming Produce Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Vertical Farming Produce Market size Outlook by Segments, 2021-2030
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
11 South America Vertical Farming Produce Market Analysis and Outlook To 2030
11.1 Introduction to South America Vertical Farming Produce Markets in 2024
11.2 South America Vertical Farming Produce Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Vertical Farming Produce Market size Outlook by Segments, 2021-2030
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
12 Middle East and Africa Vertical Farming Produce Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Vertical Farming Produce Markets in 2024
12.2 Middle East and Africa Vertical Farming Produce Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Vertical Farming Produce Market size Outlook by Segments, 2021-2030
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AeroFarms
Agricool
BADIA FARMS
Bowery Farming Inc
BrightFarms
Gotham Greens
GrowUp Urban Farms Ltd
InFarms
Plenty UnLtd Inc
Sky Greens
Spread
YesHealthFarms
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Crop
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens
Herbs
Others
By Structure
Shipping Container
Building-based
By Growing Mechanism
Aeroponics
Hydroponics
Aquaponics
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Vertical Farming Produce is forecast to reach $7.9 Billion in 2030 from $2.1 Billion in 2024, registering a CAGR of 24.8%
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AeroFarms, Agricool, BADIA FARMS, Bowery Farming Inc, BrightFarms, Gotham Greens, GrowUp Urban Farms Ltd, InFarms, Plenty UnLtd Inc, Sky Greens, Spread, YesHealthFarms
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume