Vertical Farming Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Vertical Farming Technologies Market is Segmented by Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), Structure (Building-Based Vertical Farms and Shipping Container-Based Vertical Farms), Components (Lighting, Climate Control, Sensors, and Other Hydroponic Components), Crop (Tomato, Berries, Lettuce and Leafy Vegetables, Pepper, Cucumber, Microgreens, and Other Crop Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Offers Market Estimation and Forecasts in Value (USD Million) for the Above-Mentioned Segments.

Vertical Farming Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Vertical Farming Market Size

Vertical Farming Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 15.70 Billion
Market Size (2030) USD 25.62 Billion
CAGR (2025 - 2030) 10.30 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Vertical Farming Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vertical Farming Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

Vertical Farming Market Analysis

The Vertical Farming Market size is estimated at USD 15.70 billion in 2025, and is expected to reach USD 25.62 billion by 2030, at a CAGR of 10.3% during the forecast period (2025-2030).

  • The increased demand for organic products among consumers, fueled by the improved standard of living and higher disposable income paved the way for the development of vertical farming, wherein organic farming is practiced widely. People are growing the necessary crops in their own houses on a small scale to have food free from pests. An increase in health consciousness and consumption of residue-free food has paved the way for the usage of advanced techniques, like hydroponics, aeroponics, etc.
  • Microgreens are among the crops cultivated by vertical farming methods and are a rich source of polyphenols, a class of antioxidants that helps to lower the risk of diseases, such as heart disease, Alzheimer's disease, diabetes, and certain cancers.
  • With the growing innovation in agricultural technology, the industry is growing rapidly, attracting individual as well as commercial attention. Many commercial growers are adopting high capital expenditure technologies, such as advanced hydroponic systems and electronic traceability systems. Additionally, growers are heavily investing in LEDs and other innovative lighting products to reduce their exposure to associated risks by carefully monitoring and investing in new technologies.
  • The need for food supply against the explosive population is expected to increase by 2050, which has catalyzed the growth of the vertical farming market. Funds are being invested in the market to bring developments and technological advancements to this specific sector. The control over the growth of plants and the minimum resource requirements in terms of space, water, etc. is making this technique more popular as the global food crunch is around the corner in many parts of the world. The increased need to meet the demand of the growing population and limited and scarce agricultural land and water are anticipated to drive the global market for vertical farming during the forecast period.

Vertical Farming Industry Overview

The market is highly fragmented, with major revenue-generating companies such as Aerofarms, InFarm, Jones Food Company, and Swegreen, among others, cornering just some part of the market share, while the rest of the market is shared among numerous players, such as Sky Greens Pte Ltd, Agricool, Future Crops, V-Farm, etc.

Vertical Farming Market Leaders

  1. Aerofarms

  2. Infarms

  3. SweGreen

  4. SkyGreens Pte Ltd

  5. Jones Food Company

  6. *Disclaimer: Major Players sorted in no particular order
Vertical Farming Market Concentration
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Vertical Farming Market News

The new players entering the indoor vertical farming market can fetch profits by choosing the most profitable crops and using the correct facility systems. The companies are also trying to span the globe to capture the markets early, especially in Asia-Pacific regions.

October 2022: AeroFarms have decided to expand nationwide from the Northeast region to all whole food markets, especially after seeing increasing demand for their specialty green. AeroFarms will be the first indoor farming company to be part of the Whole Foods Market Global Planogram.

October 2022: Singrow, a Singapore-headquartered agtech company planned to expand across and beyond Asia and launch its consumer concept brand Blooom. The company plans to increase its partner farm footprint to the Philippines, Thailand, Hong Kong, and the Middle East, beyond its current presence in China, Indonesia, and Singapore.

February 2022: Infarm is planning to expand in the United States, by building its second growing center in kyle, the center is said to be 50,000 sqft, and expected to produce 2.2 million pounds of salads per year.

Vertical Farming Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Growth Mechanism
    • 5.1.1 Aeroponics
    • 5.1.2 Hydroponics
    • 5.1.3 Aquaponics
  • 5.2 By Structure
    • 5.2.1 Building-based Vertical Farms
    • 5.2.2 Shipping Container-based Vertical Farms
  • 5.3 By Components
    • 5.3.1 Lighting
    • 5.3.2 Climate Control
    • 5.3.3 Sensors
    • 5.3.4 Other Hydroponic Components
  • 5.4 By Crops
    • 5.4.1 Tomato
    • 5.4.2 Berries
    • 5.4.3 Lettuce and Leafy Vegetables
    • 5.4.4 Pepper
    • 5.4.5 Cucumber
    • 5.4.6 Microgreens
    • 5.4.7 Other Crop Types
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.1.4 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 United Kingdom
    • 5.5.2.2 France
    • 5.5.2.3 Sweden
    • 5.5.2.4 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 Singapore
    • 5.5.3.2 China
    • 5.5.3.3 Japan
    • 5.5.3.4 Taiwan
    • 5.5.3.5 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Rest of South America
    • 5.5.5 Africa
    • 5.5.5.1 South Africa
    • 5.5.5.2 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Aerofarms LLC
    • 6.3.2 Sky Greens
    • 6.3.3 IGS Limited
    • 6.3.4 Everlight Electronics Co. Ltd
    • 6.3.5 Freight Farms
    • 6.3.6 Agrilution GmbH
    • 6.3.7 American Hydroponics
    • 6.3.8 Urban Crops Solutions
    • 6.3.9 Vertical Farm System
    • 6.3.10 Gronska Stadsodling AB
    • 6.3.11 V-Farm
    • 6.3.12 Growup Farms Ltd
    • 6.3.13 Vertical Future Ltd
    • 6.3.14 SweGreen
    • 6.3.15 Jones Food Company
    • 6.3.16 InFarm
    • 6.3.17 Agricool
    • 6.3.18 Future Crops
    • 6.3.19 GrowY
    • 6.3.20 Intelligent Growth Solutions Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vertical Farming Industry Segmentation

Vertical farming is a farming method through which crops are grown in vertically stacked layers. It is done in a controlled environment using techniques, such as aquaponics, hydroponics, and aeroponics that do not make use of soil.

The Vertical Farming Market is segmented by Growth Mechanism (Aeroponics, Hydroponics, and Aquaponics), Structure (Building-based Vertical Farms and Shipping Container-based Vertical Farms), Components (Lighting, Climate Control, Sensors, and Other Hydroponic Components), Crop (Tomato, Berries, Lettuce and Leafy Vegetables, Pepper, Cucumber, Microgreens, and Other Crop Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in value (USD million) for the above-mentioned segments.

By Growth Mechanism Aeroponics
Hydroponics
Aquaponics
By Structure Building-based Vertical Farms
Shipping Container-based Vertical Farms
By Components Lighting
Climate Control
Sensors
Other Hydroponic Components
By Crops Tomato
Berries
Lettuce and Leafy Vegetables
Pepper
Cucumber
Microgreens
Other Crop Types
By Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
France
Sweden
Rest of Europe
Asia-Pacific Singapore
China
Japan
Taiwan
Rest of Asia-Pacific
South America Brazil
Rest of South America
Africa South Africa
Rest of Africa
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Vertical Farming Market Research FAQs

How big is the Vertical Farming Market?

The Vertical Farming Market size is expected to reach USD 15.70 billion in 2025 and grow at a CAGR of 10.30% to reach USD 25.62 billion by 2030.

What is the current Vertical Farming Market size?

In 2025, the Vertical Farming Market size is expected to reach USD 15.70 billion.

Who are the key players in Vertical Farming Market?

Aerofarms, Infarms, SweGreen, SkyGreens Pte Ltd and Jones Food Company are the major companies operating in the Vertical Farming Market.

Which is the fastest growing region in Vertical Farming Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Vertical Farming Market?

In 2025, the North America accounts for the largest market share in Vertical Farming Market.

What years does this Vertical Farming Market cover, and what was the market size in 2024?

In 2024, the Vertical Farming Market size was estimated at USD 14.08 billion. The report covers the Vertical Farming Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vertical Farming Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vertical Farming Industry Report

The global vertical farming market is experiencing remarkable growth, this growth is driven by the adoption of sustainable methods for fruit and vegetable production, leveraging advanced technologies such as hydroponics, aeroponics, and LED lighting in controlled environments. This ensures consistent crop yield year-round, addressing food security concerns amidst increasing global urbanization and population. North America, notably the United States, is making substantial investments in vertical farming, with projects like the large-scale vertical farm in Pennsylvania focusing on microgreens, showcasing the region's commitment to 'fresh-from-farm-to-table' concepts. Despite facing high initial investment costs, the industry is propelled forward by innovations in robotics, AI, and IoT, enhancing efficiency from irrigation to harvesting. Insights from Mordor Intelligence™ highlight the top vertical farming companies contributing to the market's expansion, indicating a promising future for vertical farming in meeting the growing demand for high-quality, organic food. Get a sample of this industry analysis as a free report PDF download.