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Vertical Farming Market Outlook 2025–2035 — Valued at USD 58.83 Billion by 2035 (CAGR 20.62%)

The global Vertical Farming Market is projected to grow from USD 7.48 Billion in 2024 to USD 58.83 Billion by 2035, expanding at a CAGR of 20.62%, driven by rising population demands, higher yields than conventional farming, and the adoption of sustainable agricultural practices.
Published 10 November 2025

The Vertical Farming Market is witnessing exponential growth due to rising urbanization, population pressure, and the need for resource-efficient and high-yield farming systems. Valued at USD 7.48 Billion in 2024, the market is expected to reach USD 58.83 Billion by 2035, growing at a CAGR of 20.62% during the forecast period of 2025–2035.

Market Overview & Forecast

  • Market Size 2024: USD 7.48 Billion
  • Market Size 2025: USD 8.20 Billion
  • Market Size 2035: USD 58.83 Billion
  • CAGR (2025–2035): 20.62%
  • Base Year: 2024
  • Market Forecast Period: 2025–2035
  • Historical Data: 2019–2023
  • Market Forecast Units: USD Billion
  • Report Coverage: Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends

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Competitive Landscape

Key players in the Vertical Farming Market focus on technological innovation, urban agriculture solutions, and global expansion:

  • AeroFarms
  • Plenty Unlimited, Inc.
  • Bowery Farming
  • Spread Co., Ltd.
  • Freight Farms
  • Green Spirit Farms
  • Kalera
  • Urban Crop Solutions
  • Agricool
  • Infarm
  • Illumitex, Inc.
  • Future Farms
  • CropOne Holdings
  • Signify (Philips Lighting)
  • Local Roots Farms

Key Market Drivers

  • Urbanization & Population Growth: Rising population increases demand for locally grown, fresh produce.
  • Higher Yields: Vertical farming produces higher yields per square meter than conventional agriculture.
  • Sustainable Practices: Efficient water and energy use reduces environmental impact.
  • Technological Advancements: Integration of IoT, LED lighting, and climate control enhances productivity.
  • Food Security Concerns: Urban vertical farms ensure continuous and reliable food supply.

Key Market Opportunities

  • Expansion into urban centers for local fresh produce supply.
  • Adoption of hydroponic, aeroponic, and aquaponic farming systems.
  • Development of AI and automation-driven farming technologies.
  • Collaboration with retail chains and supermarkets for direct-to-consumer produce.
  • Integration with renewable energy solutions for sustainable operations.

Market Trends & Dynamics

  • Growth of controlled-environment agriculture for year-round production.
  • Rising demand for organic and pesticide-free produce in urban areas.
  • Increasing investment in vertical farm infrastructure and smart lighting systems.
  • Deployment of sensor-based monitoring for optimal growth conditions.
  • Expansion of vertical farming as a solution to land scarcity in cities.

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Market Segmentation

By Farming System:

  • Hydroponics
  • Aeroponics
  • Aquaponics
  • Other Vertical Farming Systems

By Crop Type:

  • Leafy Vegetables
  • Fruits & Berries
  • Herbs & Spices
  • Other Crops

By End User:

  • Supermarkets & Grocery Stores
  • Foodservice Providers
  • Direct Consumers
  • Research & Academic Institutions

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • South America
  • Middle East & Africa (MEA)

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Geographical Insights

  • North America: Leads due to technological adoption, urban farming initiatives, and investment in sustainable agriculture.
  • Europe: Growth driven by sustainable agriculture policies, urban farming infrastructure, and organic produce demand.
  • Asia Pacific: Rapid urbanization and population growth create high demand for local, fresh produce.
  • South America & MEA: Emerging opportunities in urban agriculture and climate-resilient farming solutions.

Future Outlook

The Vertical Farming Market is poised for robust growth over the next decade, supported by urbanization, sustainable agriculture trends, and technological advancements. With a projected CAGR of 20.62% (2025–2035), vertical farming is expected to transform urban food production, improve yields, and enhance food security globally.

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