Mexico Vertical Farming Market Size & Outlook, 2023-2030
Mexico vertical farming market, 2018-2030 (US$M)
Related Markets
Mexico vertical farming market highlights
- The Mexico vertical farming market generated a revenue of USD 238.9 million in 2023 and is expected to reach USD 930.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 21.4% from 2024 to 2030.
- In terms of segment, fruits vegetables, & herbs was the largest revenue generating crop category in 2023.
- Fruits Vegetables, & Herbs is the most lucrative crop category segment registering the fastest growth during the forecast period.
Vertical farming market data book summary
| Market revenue in 2023 | USD 238.9 million |
| Market revenue in 2030 | USD 930.6 million |
| Growth rate | 21.4% (CAGR from 2023 to 2030) |
| Largest segment | Fruits vegetables, & herbs |
| Fastest growing segment | Fruits Vegetables, & Herbs |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits Vegetables, & Herbs, Flowers & Ornamentals |
| Key market players worldwide | AeroFarms, Illumitex, Everlight Electronics, Agrilution, American Clay Works & Supply Company, Freight Farms, GrowUp Farms, Green Sense Farms, Vertical Farm Systems |
Other key industry trends
- In terms of revenue, Mexico accounted for 4.1% of the global vertical farming market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. vertical farming market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,747.3 million by 2030.
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Vertical Farming Market Scope
Vertical Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 68.56% in 2023. Horizon Databook has segmented the Mexico vertical farming market based on fruits vegetables, & herbs, flowers & ornamentals covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico's vertical farming initiative is an ambitious project undertaken by the government to promote sustainable agriculture and increase food production. The project was launched in 2019 by the Mexican government, which helped increase tomato production across the country.
In addition, vertical farming falls under the Protected Agriculture Criteria of the Mexican government. The Protected Agriculture Criteria include requirements that must be met by agricultural assets to achieve the Climate Bond certification.
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Target buyers of Mexico 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 country-level data and insights on the Mexico vertical farming market , including forecasts for subscribers. This country databook contains high-level insights into Mexico vertical farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico vertical farming market size, by crop category, 2018-2030 (US$M)
Mexico Vertical Farming Market Outlook Share, 2023 & 2030 (US$M)
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