Advancing Food Security Through Smart Vertical Farming Initiatives Industry Trends Gaining Momentum in the Global Urban Farming Market

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Urban Farming Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the urban farming market has seen a considerable increase in the past few years. The market is projected to expand from $159.92 billion in 2024 to $174.23 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. The historical growth is linked to factors such as a rising population and urbanization, environment-related worries and climate variations, moves towards local foods, supportive government policies, and an increased understanding of health and nutrition.

Urban Farming Market Size Forecast: What's the Projected Valuation by 2029?
Strong expansion is anticipated in the urban farming market over the coming years, with the market forecasted to reach $233.61 billion by 2029 growing at a compound annual growth rate (CAGR) of 7.6%. The augmentations projected over the forecast period are due to various factors such as the reuse of post-industrial and abandoned spaces, the development of community gardens, critique of the green revolution and industrial agriculture, the tradition of rooftop farming in ancient cultures, and the influence of the city beautiful movement on urban planning. Key trend forecasts for the period includes technological integration and automation, practices related to the circular economy, the emergence of hybrid farming models, partnerships between corporates and institutions, and the implementation of aquaponics within integrated farming systems.

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What Are the Drivers Transforming the Urban Farming Market?
The projected growth of the urban farming market is anticipated to be driven by the diminishing availability of farmland in the coming years. Farmland, which is essentially land suitable or employed for farming activities like tilling, sowing, and harvesting crops, or utilized as pastures for cattle rearing, is dwindling over time. Innovative solutions through urban farming compensate for the shortfall by optimizing land usage, advocating sustainability, and allowing urban inhabitants to have fresh produce, thereby minimizing the effects of urbanization on traditional farming methods. For instance, in December 2023, data from GOV.UK, a UK government department, indicated that in just that year, the total agricultural land use in the UK decreased by 2.3%, narrowing down to a little more than 17.0 million hectares. Consequently, the scarcity of farmland is fueling the trajectory of the urban farming market.

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What Long-Term Trends Will Define the Future of the Urban Farming Market?
Key urban farming market players are concentrating on creating technologically advanced solutions, like smart vertical farm in alliance with AgriTech firms, under the initiative to secure food availability considering the pressing needs of the industry. The establishments of smart vertical farms together with AgriTech teams serve to strengthen food security by ramping up urban agriculture production while capitalizing resources and the use of IoT for supervision, as well as providing fresh, locally grown food all year long. For instance, in February 2024, Masdar City, a company based in UAE specializing in renewable energy, initiated a smart vertical farm project in partnership with Madar Farms, an agri-tech company, with an objective to augment food security in UAE. The alliance seeks to advocate for food production self-reliance by employing ground-breaking agricultural technologies that cater to the desert climate of UAE. The smart vertical farm is engineered to cultivate leafy green vegetables and other crops using a lesser amount of water compared to conventional farming methods, addressing both food and water security issues prevalent in the region. This endeavor is in accord with UAE's National Food Security Strategy, underlining ecologically sustainable farming methods and local food production in order to decrease dependency on importation. The undertaking is part of Masdar's continuous dedication to sustainability and innovation in urbanized settings.

Which Segments in the Urban Farming Market Offer the Most Profit Potential?
The urban farming market covered in this report is segmented -

1) By Type: Aquaponics, Hydroponics, Aeroponics, Other Types
2) By Structure: Indoor, Outdoor
3) By Crop Type: Non-Food Crops, Food Crops
4) By Application: Commercial, Agriculture, Other Applications

Subsegments
1) By Aquaponics: Recirculating Aquaponics Systems, Media-based Aquaponics Systems
2) By Hydroponics: Nutrient Film Technique (NFT), Deep Water Culture (DWC), Ebb And Flow Systems, Wick Systems
3) By Aeroponics: High-Pressure Aeroponic Systems, Low-Pressure Aeroponic Systems
4) By Other Types: Vertical Farming, Rooftop Farming, Container Farming

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Which Firms Dominate the Urban Farming Market by Market Share and Revenue in 2025?
Major companies operating in the urban farming market report are Infarm, Richel Group, UrbanFarmers AG, Plenty Unlimited Inc., Bowery Farming, Dalsem, Certhon, Aerofarms, Pasona, Plantagon International AB, Agrilution GmbH, BrightFarms Inc., Square Roots Urban Growers Inc., Brooklyn Grange Farm, Green Spirit Farm, Urban Crop Solutions, American Hydroponics, Sky Greens, GrowUP Urban Farms, Edenworks Inc., Garden Fresh Farms Inc., Metropolitan Farms, General Hydroponics, Green Sense Farms LLC, Eden Green Technology, Gotham Greens, Mirai Co. Ltd., SproutsIO Inc., Spread Co. Ltd., Harnois Greenhouses

Which Regions Offer the Highest Growth Potential in the Urban Farming Market?
North America was the largest region in the urban farming market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the urban farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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