Global Vertical Farming Market Size & Outlook, 2023-2030
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Vertical Farming Market Scope
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
Reasons to subscribe to Global vertical farming market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global vertical farming market databook
-
Our clientele includes a mix of vertical farming market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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)
| Crop Category | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 553.2 | 645.1 | 753.6 | 883.4 | 1,039.4 | 1,228.1 | 1,457.6 | 1,738.7 | 2,086.0 | 2,519.5 | 3,065.0 | 3,758.9 | 4,665.0 | 21.0% |
| Europe | 882.9 | 1,019.4 | 1,179.0 | 1,368.2 | 1,593.8 | 1,864.3 | 2,190.6 | 2,586.9 | 3,072.0 | 3,672.8 | 4,422.9 | 5,369.3 | 6,576.7 | 19.7% |
| Asia Pacific | 765.7 | 900.4 | 1,060.4 | 1,252.8 | 1,485.6 | 1,768.8 | 2,115.0 | 2,541.6 | 3,071.0 | 3,735.2 | 4,575.4 | 5,649.2 | 7,044.2 | 21.8% |
| Latin America | 261.9 | 300.4 | 345.2 | 398.1 | 460.6 | 535.2 | 624.6 | 732.6 | 864.0 | 1,025.7 | 1,226.4 | 1,478.0 | 1,797.0 | 18.9% |
| MEA | 226.2 | 257.4 | 293.2 | 335.1 | 384.2 | 442.1 | 510.7 | 592.7 | 691.4 | 811.4 | 958.6 | 1,140.9 | 1,369.2 | 17.5% |
| Overall | 2,689.9 | 3,122.6 | 3,631.4 | 4,237.6 | 4,963.6 | 5,838.4 | 6,898.5 | 8,192.5 | 9,784.5 | 11,764.7 | 14,248.4 | 17,396.3 | 21,452.0 | 20.4% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
