North America Vertical Farming Market

Industry Overview

The North American Vertical Farming Market is expected to experience a significant growth rate of 21.9% CAGR throughout the forecast period. By 2030, the market size is projected to reach a substantial value of USD 28.4 billion. In the year 2023 the respective market was at USD 11.2 billion. 

The Vertical farming technique uses a (controlled-environment agriculture) CEA technology that helps in preserving the natural environment that helps in producing the crops to ensure even distribution of crops in densely populated areas. The techniques help in eliminating the excessive expenditure incurred by the commercial grower on a rain-forest system. This technique is also helping the commercial growers to grow the fruits and vegetables that comprises of increased demand throughout the year irrespective of any alteration in climate. The crops grown using this technique are helping the people to consume fresh and toxin-free produce as the crops are produced with the help of an organic approach.

Market Segmentation

Insight by Offering

Hardware and software are the offerings provided by the vertical farming market. Of both the categories, the demand for hardware is larger in the market and is also anticipated to grow at a higher CAGR during the forecast period. The hardware type is further segmented into lighting, hydroponics component, climate control, and sensors. Lighting type is further segmented as grow lights, grow light reflectors and grow light ballasts. Similarly, the hydroponics component is further segmented as pumps and irrigation, meters and solutions, water filtration and others. The climate control hardware type is further categorized as ventilation fans, air purification, and others. Additionally, the sensors are further categorized as temperature sensors, CO2 sensors, nutrient sensor, PH sensor, crop sensors, and others.

Insight by Growth Mechanism

The market is further segmented on the basis of growth mechanism aeroponics, hydroponics and aquaponics. Of all, hydroponics holds the largest share in the vertical farming market.

Insight by Structure

The vertical farming comprises of two structures building-based vertical farms and shipping container vertical farms. The technique is largely used for growing several crops such as lettuce, spinach, tomato, and others.

Insight by Crop Type

The vertical farming techniques are widely used for growing various crops such as lettuce, spinach, high return and short revolution crops that include green salads. There are large numbers of restaurants purchasing the bulk of produces developed with the help of vertical farming techniques from the commercial growers. North America is increasingly adopting hydroponics technique that helps in producing crops throughout the year and helps in maintaining demand and supply cycle of these produces. The hydroponics growth mechanism is developed with the help of greenhouses that are arranged one on the top of another that creates a greenhouse skyscraper that has the capacity of generating enormous population. The technique is also helping the region in eliminating the food dearth in an environment-friendly way.

North America Vertical Farming Market Report Coverage

Report Metric	Details
Historical Period	2018 - 2023
Base Year Considered	2024
Forecast Period	2025 - 2030
Market Size in 2023	U.S.D.  11.2 Billion
Revenue Forecast in 2030	U.S.D.  28.4 Billion
Growth Rate	21.9%
Segments Covered in the Report	By Offering, By Growth Mechanism, By Structure and By Crop Type
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report	U.S., Canada and Rest of North America

Industry Dynamics

Growth Drivers

The growth of the vertical farming market in the region is driven by the rising adoption of climate-friendly techniques and the increasing demand for organic products. The region experiences a rapid surge in the demand for organic products due to their high nutritional content, particularly rich in antioxidants compared to conventionally grown crops. Moreover, vertical farming requires less water compared to traditional methods, leading to significant energy savings for manufacturers. This energy efficiency contributes to the growing demand for the vertical farming market in the region.

Challenges

The limitations embedded in the variety of crops grown and the high initial investments in vertical farming are the major restraints observed in the growth of the vertical farming market in North America.

NORTH AMERICA VERTICAL FARMING HIGHLIGHT

Geography Overview

Geographically, North America is the largest vertical farming market as the people of North America are increasingly demanding organic foods due to increasing awareness for consuming a healthy diet. The people of this region are becoming conservative in their consumption approach and are increasingly consuming healthy food. The region is creating spaces for building building-based vertical farms and it is helping the manufacturers to satisfy the increasing demand of the consumers for food. Moreover, vertical farming is enabling the region to fulfill the required demands of the consumers as commercial growers are developing vertical farms in this region and will continue to do so in the near future.

Competitive Insight

Some of the key players operating in the North American vertical farming market are AeroFarms, Gotham Greens, Bright Farms, Vertical Harvest, Home Town Farms, Infinite Harvest, Lufa Farms, Beijing IEDA Protected Horticulture, Farmed Here, Garden Fresh Farms, Metro Farms, Green Sense Farms, Indoor Harvest, Sky Vegetables, Sundrop Farms and Ecopia Farms.

The North America Vertical Farming Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Offering
  • Hardware
    • Climate Control
      • Air Purification
      • Ventilation Fans
      • Others
    • Lighting
      • Grow Light Reflectors
      • Grow Light Ballasts
      • Grow Lights
    • Sensors
      • PH Sensors
      • Nutrient Sensors
      • Crop Sensors
      • CO2 Sensors
      • Temperature Sensors
      • Others
    • Hydroponic Component
      • Meters and Solutions
      • Pumps and Irrigation
      • Water Filters
      • Others
  • Software
• By Growth Mechanism
  • Aeroponics
  • Hydroponics
  • Aquaponics
• By Structure
  • Building-Based
  • Shipping Container
• By Crop Type
  • Broccoli
  • Pepper
  • Tomato
  • Spinach
  • Cucumber
  • Lettuce
  • Others

• North America
  • U.S.
  • Canada
  • Mexico

PRIMARY RESEARCH INTERVIEWS – BREAKDOWN

1. Research Overview

1.1. The Report Offers

1.2. Market Coverage

1.2.1. By Offering

1.2.2. By Growth Mechanism

1.2.3. By Structure

1.2.4. By Crop Type

1.2.5. By Country

1.3. Research Phases

1.4. Limitations

1.5. Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1. By Offering

3.1.1. Hardware

3.1.1.1. Climate Control

3.1.1.1.1.  Air Purification

3.1.1.1.2.  Ventilation Fans

3.1.1.1.3.  Others

3.1.1.2. Lighting

3.1.1.2.1.  Grow Light Reflectors

3.1.1.2.2.  Grow Light Ballasts

3.1.1.2.3.  Grow Lights

3.1.1.3. Sensors

3.1.1.3.1.  PH Sensors

3.1.1.3.2.  Nutrient Sensors

3.1.1.3.3.  Crop Sensors

3.1.1.3.4.  CO2 Sensors

3.1.1.3.5.  Temperature Sensors

3.1.1.3.6.  Others

3.1.1.4. Hydroponic Component

3.1.1.4.1.  Meters and Solutions

3.1.1.4.2.  Pumps and Irrigation

3.1.1.4.3.  Water Filters

3.1.1.4.4.  Others

3.1.2. Software

3.2. By Growth Mechanism

3.2.1. Aeroponics

3.2.2. Hydroponics

3.2.3. Aquaponics

3.3. By Structure

3.3.1. Building-Based

3.3.2. Shipping Container

3.4. By Crop Type

3.4.1. Broccoli

3.4.2. Pepper

3.4.3. Tomato

3.4.4. Spinach

3.4.5. Cucumber

3.4.6. Lettuce

3.4.7. Others

4. Industry Overview

4.1. Industry Dynamics

4.1.1. Market Growth Drivers

4.1.2. Market Growth Restraints

4.1.3. Key Market Trends

4.1.4. Major Opportunities

4.2. Industry Ecosystem

4.2.1. Porter’s Five Forces Analysis

4.2.2. Strategic Development Analysis

4.2.3. Value Chain Analysis

4.3. Competitive Insight

4.3.1. Competitive Position of Industry Players

4.3.2. Market Attractive Analysis

5. North America Market Estimate and Forecast

5.1. By Offering

5.2. By Growth Mechanism

5.3. By Structure

5.4. By Crop Type

5.5. By Country

6. U.S. Market Estimate and Forecast

6.1. By Offering

6.2. By Growth Mechanism

6.3. By Structure

6.4. By Crop Type

7. Canada Market Estimate and Forecast

7.1. By Offering

7.2. By Growth Mechanism

7.3. By Structure

7.4. By Crop Type

8. Rest of North America Market Estimate and Forecast

8.1. By Offering

8.2. By Growth Mechanism

8.3. By Structure

8.4. By Crop Type

9. Company Profiles

9.1. AeroFarm

9.1.1. Snapshot

9.1.2. Overview

9.1.3. Offerings

9.1.4. Financial Insight

9.1.5. Recent Developments

9.2. Gotham Greens

9.2.1. Snapshot

9.2.2. Overview

9.2.3. Offerings

9.2.4. Financial Insight

9.2.5. Recent Developments

9.3. Bright Farms

9.3.1. Snapshot

9.3.2. Overview

9.3.3. Offerings

9.3.4. Financial Insight

9.3.5. Recent Developments

9.4. Vertical Harvest

9.4.1. Snapshot

9.4.2. Overview

9.4.3. Offerings

9.4.4. Financial Insight

9.4.5. Recent Developments

9.5. Home Town Farms

9.5.1. Snapshot

9.5.2. Overview

9.5.3. Offerings

9.5.4. Financial Insight

9.5.5. Recent Developments

9.6. Infinite Harvest

9.6.1. Snapshot

9.6.2. Overview

9.6.3. Offerings

9.6.4. Financial Insight

9.6.5. Recent Developments

9.7. Lufa Farms

9.7.1. Snapshot

9.7.2. Overview

9.7.3. Offerings

9.7.4. Financial Insight

9.7.5. Recent Developments

9.8. Beijing IEDA Protected Horticulture

9.8.1. Snapshot

9.8.2. Overview

9.8.3. Offerings

9.8.4. Financial Insight

9.8.5. Recent Developments

9.9. Farmed Here

9.9.1. Snapshot

9.9.2. Overview

9.9.3. Offerings

9.9.4. Financial Insight

9.9.5. Recent Developments

9.10. Garden Fresh Farms

9.10.1. Snapshot

9.10.2. Overview

9.10.3. Offerings

9.10.4. Financial Insight

9.10.5. Recent Developments

9.11. Metro Farms

9.11.1. Snapshot

9.11.2. Overview

9.11.3. Offerings

9.11.4. Financial Insight

9.11.5. Recent Developments

9.12. Green Sense Farms

9.12.1. Snapshot

9.12.2. Overview

9.12.3. Offerings

9.12.4. Financial Insight

9.12.5. Recent Developments

9.13. Indoor Harvest

9.13.1. Snapshot

9.13.2. Overview

9.13.3. Offerings

9.13.4. Financial Insight

9.13.5. Recent Developments

9.14. Sky Vegetables

9.14.1. Snapshot

9.14.2. Overview

9.14.3. Offerings

9.14.4. Financial Insight

9.14.5. Recent Developments

9.15. Sundrop Farms

9.15.1. Snapshot

9.15.2. Overview

9.15.3. Offerings

9.15.4. Financial Insight

9.15.5. Recent Developments

9.16. Ecopia Farms

9.16.1. Snapshot

9.16.2. Overview

9.16.3. Offerings

9.16.4. Financial Insight

9.16.5. Recent Developments

Note: Financial insight and recent developments are subject to availability of information in the secondary domain.

10. Appendix

10.1. Exchange Rates

10.2. Abbreviations

List of Tables

Table 1 Sources

Table 2 Study Periods

Table 3 Data Reporting Unit

Table 4 North America Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 5 North America Vertical Farming Market Size, by Offering, 2025 - 2030(USD Billion)

Table 6 North America Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 7 North America Vertical Farming Market Size, by Growth Mechanism, 2025 - 2030(USD Billion)

Table 8 North America Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 9 North America Vertical Farming Market Size, by Structure, 2025 - 2030(USD Billion)

Table 10 North America Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 11 North America Vertical Farming Market Size, by Crop Type, 2025 - 2030(USD Billion)

Table 12 North America Vertical Farming Market Size, by Country, 2018 - 2023(USD Billion)

Table 13 North America Vertical Farming Market Size, by Country, 2025 - 2030(USD Billion)

Table 14 U.S. Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 15 U.S. Vertical Farming Market Size, by Offering, 2025 - 2030(USD Billion)

Table 16 U.S. Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 17 U.S. Vertical Farming Market Size, by Growth Mechanism, 2025 - 2030(USD Billion)

Table 18 U.S. Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 19 U.S. Vertical Farming Market Size, by Structure, 2025 - 2030(USD Billion)

Table 20 U.S. Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 21 U.S. Vertical Farming Market Size, by Crop Type, 2025 - 2030(USD Billion)

Table 22 Canada Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 23 Canada Vertical Farming Market Size, by Offering, 2025 - 2030(USD Billion)

Table 24 Canada Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 25 Canada Vertical Farming Market Size, by Growth Mechanism, 2025 - 2030(USD Billion)

Table 26 Canada Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 27 Canada Vertical Farming Market Size, by Structure, 2025 - 2030(USD Billion)

Table 28 Canada Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 29 Canada Vertical Farming Market Size, by Crop Type, 2025 - 2030(USD Billion)

Table 30 Rest of North America Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 31 Rest of North America Vertical Farming Market Size, by Offering, 2025 - 2030(USD Billion)

Table 32 Rest of North America Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 33 Rest of North America Vertical Farming Market Size, by Growth Mechanism, 2025 - 2030(USD Billion)

Table 34 Rest of North America Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 35 Rest of North America Vertical Farming Market Size, by Structure, 2025 - 2030(USD Billion)

Table 36 Rest of North America Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 37 Rest of North America Vertical Farming Market Size, by Crop Type, 2025 - 2030(USD Billion)

Table 38 Snapshot – AeroFarms

Table 39 Snapshot – Gotham Greens

Table 40 Snapshot – Bright Farms

Table 41 Snapshot – Vertical Harvest

Table 42 Snapshot – Home Town Farms

Table 43 Snapshot – Infinite Harvest

Table 44 Snapshot – Lufa Farms

Table 45 Snapshot – Beijing IEDA Protected Horticulture

Table 46 Snapshot – Farmed Here

Table 47 Snapshot – Garden Fresh Farms

Table 48 Snapshot – Metro Farms

Table 49 Snapshot – Green Sense Farms

Table 50 Snapshot – Indoor Harvest

Table 51 Snapshot – Sky Vegetables

Table 52 Snapshot – Sundrop Farms

Table 53 Snapshot – Ecopia Farms

List of Figures

Figure 1   Market Coverage

Figure 2   Research Phases

Figure 3   Secondary Offerings for Different Parameters

Figure 4   Methodology

Figure 5   Data Mining & Exploration

Figure 6   Data Triangulation

Figure 7   Assumptions for Market Estimation and Forecast

Figure 8   Market Synopsis

Figure 9   North America Vertical Farming Market - Growth Drivers and Restraints

Figure 10   Competitive Benchmark

Figure 11   North America Vertical Farming Market Highlight

Figure 12   North America Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 13   North America Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 14   North America Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 15   North America Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 16   North America Vertical Farming Market Size, by Country, 2018 - 2030 (USD Billion)

Figure 17   U.S. Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 18   U.S. Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 19   U.S. Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 20   U.S. Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 21   Canada Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 22   Canada Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 23   Canada Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 24   Canada Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 25   Rest of North America Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 26   Rest of North America Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 27   Rest of North America Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 28   Rest of North America Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)