The North America Vertical Farming Market would witness market growth of 18.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Vertical Farming Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,850.1 million by 2031. The Canada market is experiencing a CAGR of 21.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 20.4% during (2024 - 2031).
Sustainability is another defining trend. Vertical farms are increasingly powered by renewable energy sources like solar and wind, addressing criticisms about high electricity consumption. Companies are also experimenting with biodegradable growing mediums and closed-loop systems that recycle nutrients, further lowering their environmental impact. Consumer demand for organic and locally sourced food pushes vertical farms to prioritize transparency, with some offering real-time tracking of produce from seed to shelf.
Additionally, the rise of “farm-to-table” models is a related trend. Vertical farms are popping up inside or near supermarkets, restaurants, and cafeterias, enabling same-day harvest and delivery. This hyper-local approach appeals to millennials and Gen Z, who value freshness and sustainability. Meanwhile, the expansion of vertical farming into non-food crops—such as flowers, cosmetics, ingredients, and biofuels—signals a diversification trend that could broaden the market’s scope.
The market is experiencing significant growth worldwide as nations seek sustainable, space-efficient, and climate-resilient solutions for food production. In North America, factors such as large-scale agricultural land usage in the United States, increasing agricultural exports in Mexico, and strong government support for sustainable farming in Canada are shaping the trajectory of vertical farming. While traditional agriculture remains dominant in these regions, rising demand for food security, environmental sustainability, and technological innovation drives the adoption of vertical farming as a viable complement to conventional farming practices.
Free Valuable Insights: The Vertical Farming Market is Predict to reach USD 27.10 Billion by 2031, at a CAGR of 19.6%
Based on Component, the market is segmented into Hardware (Lighting, Hydroponic Components, and Climate Control & Sensors), Software, and Services. Based on Category, the market is segmented into Fruits Vegetables, & Herbs, Flowers & Ornamentals, and Other Category. Based on Mechanism, the market is segmented into Hydroponics, Aeroponics, and Aquaponics. Based on Structure, the market is segmented into Shipping Container, and Building-based. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Category
By Mechanism
By Structure
By Country
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