US Vertical Farming Market Size

United States (US) Vertical Farming Market Analysis

The US Vertical Farming Market size is estimated at USD 3.56 billion in 2024, and is expected to reach USD 5.95 billion by 2029, growing at a CAGR of 10.80% during the forecast period (2024-2029).

Vertical farming is the process of producing crops in layers that are vertically stacked. The crops are produced under a controlled environment, which maximizes plant development, and soilless farming techniques such as hydroponics, aquaponics, and aeroponics are frequently used.

• The growth of urbanization and the increased awareness of healthy foods in the country gave rise to vertical farming techniques, which produce crops in a controlled environment. Along with this, the rising popularity of organic foods is increasing the market for vertical-produced crops in the United States. Shrinking per-capita agricultural land, the rapid development of precision farming technologies, and high productivity within a small area are expected to drive market growth. While limitations on the types of crops grown and high initial investments can restrain the growth of the market. Currently, the United States has the highest number of vertical farms in North America.
• Among the crop types, fruits and vegetables accounted for a significant share, followed by herbs and micro-greens in 2021. vertical farming allows producing crops with 70 to 95% less water than required for normal cultivation. Fruits and vegetable crops like tomatoes, lettuce, strawberries, etc., are majorly grown under vertical farms in the United States.