Spain Vertical Farming Market Size & Outlook, 2023-2030
Spain vertical farming market, 2018-2030 (US$M)
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Spain vertical farming market highlights
- The Spain vertical farming market generated a revenue of USD 173.7 million in 2023 and is expected to reach USD 627.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 20.1% 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 173.7 million |
| Market revenue in 2030 | USD 627.5 million |
| Growth rate | 20.1% (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, Spain accounted for 3.0% 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 Europe, UK vertical farming market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,799.5 million by 2030.
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Vertical Farming Market Scope
Vertical Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 65.11% in 2023. Horizon Databook has segmented the Spain vertical farming market based on fruits vegetables, & herbs, flowers & ornamentals covering the revenue growth of each sub-segment from 2018 to 2030.
Spain has made significant strides in vertical farming in recent years with the help of the government's support for this initiative. The Spanish government's focus on vertical farming primarily aims to boost the country's agricultural productivity, increase food production, and improve food quality.
One of the government's significant investments in vertical farming was the creation of a network of centers for agricultural and technological research, such as the National Institute for Agriculture and Food Research and Technology (INIA).
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Target buyers of Spain 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 Spain vertical farming market , including forecasts for subscribers. This country databook contains high-level insights into Spain vertical farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain vertical farming market size, by crop category, 2018-2030 (US$M)
Spain Vertical Farming Market Outlook Share, 2023 & 2030 (US$M)
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