Global Vertical Farming Market Size & Outlook, 2023-2030
The vertical farming industry worldwide is expected to reach a projected revenue of US$ 21,452.0 million by 2030. A compound annual growth rate of 20.4% is expected of the worldwide vertical farming industry from 2024 to 2030.
Revenue, 2023 (US$M)
$5,838.4
Forecast, 2030 (US$M)
$21,452.0
CAGR, 2024 - 2030
20.4%
Report Coverage
Worldwide
Global vertical farming market, 2018-2030 (US$M)
Related Markets
Global vertical farming market highlights
- The global vertical farming market generated a revenue of USD 5,838.4 million in 2023 and is expected to reach USD 21,452.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 20.4% by 2030.
- In terms of segment, fruits vegetables, & herbs accounted for a revenue of USD 3,893.6 million in 2023.
- Fruits Vegetables, & Herbs is the most lucrative crop category segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,838.4 million |
| Market revenue in 2030 | USD 21,452.0 million |
| Growth rate | 20.4% (CAGR from 2023 to 2030) |
| Largest segment | Fruits vegetables, & herbs |
| Fastest growing segment | Fruits Vegetables, & Herbs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits Vegetables, & Herbs, Flowers & Ornamentals |
Other key industry trends
- In terms of revenue, the North America accounted for 21.0% of the global vertical farming market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,427.4 million by 2030.
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Vertical Farming Market Scope
Vertical farming market segmentation & scope
Tomato
Lettuce
Bell & Chili Peppers
Strawberry
Cucumber
Leafy Greens (excluding lettuce)
Herbs
Others
Perennials
Annuals
Ornamentals
Others (Cannabis, Microgreens)
Others
Lighting
Hydroponic components
Climate control
Irrigation Systems
Sensors
Others
Software
System Integration & Consulting
Managed Services
Assisted Professional Services
Vertical Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global vertical farming market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vertical farming market will help companies and investors design strategic landscapes.
Fruits vegetables, & herbs was the largest segment with a revenue share of 66.69% in 2023. Horizon Databook has segmented the Global vertical farming market based on fruits vegetables, & herbs, flowers & ornamentals covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Vertical Farming Crop Category Outlook (Revenue, USD Million, 2018-2030)
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Others
- Fruits Vegetables, & Herbs
- Global Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2018-2030)
- Aeroponics
- Hydroponics
- Aquaponics
- Global Vertical Farming Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Lighting
- Hydroponic components
- Climate control
- Irrigation Systems
- Sensors
- Others
- Software
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Global Vertical Farming Structure Outlook (Revenue, USD Million, 2018-2030)
- Shipping container
- Building based
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Target buyers of Global vertical farming market databook
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Our clientele includes a mix of vertical farming market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global vertical farming market , including forecasts for subscribers. This global databook contains high-level insights into Global vertical farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global vertical farming market size, by regions, 2018-2030 (US$M)
Top 10 countries: Vertical farming market size, 2023 (US$M)
Global vertical farming market share, by crop category, 2023 & 2030 (%, US$M)
Vertical Farming Market: Opportunity Assessment By Country
Global vertical farming market, by region, 2023 (US$M)
Related regional statistics
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