What are the Historical Developments and Current Growth Metrics of the Urban Farming Market?
The urban farming market has seen considerable growth due to a variety of factors.
• The market size of urban farming has expanded considerably in the past few years. The industry, estimated at $159.92 billion in 2024, is projected to increase to $174.23 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%.
Factors such as population growth and urbanization, environmental worries due to climate change, a shift towards locally sourced food, supportive government policies, and a heightened understanding of health and nutrition all contributed to the growth witnessed in the historic period.
What Is The Projected Growth Of The Urban Farming Template Market?
The urban farming market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the urban farming market is anticipated to experience robust growth, expanding to a market value of $233.61 billion by 2029, showcasing a compound annual growth rate (CAGR) of 7.6%.
Factors contributing to the growth during the forecast period include the redevelopment of post-industrialization and deserted areas, the introduction of community gardens, the green revolution, criticism of industrial agriculture, the adoption of rooftop farming in ancient cultures, city aesthetic improvement initiatives and urban planning. The forecast period will also witness emerging trends like tech-led integrations and automation, the adoption of a circular economy, hybrid farming techniques, partnerships with corporations and institutions, and the growth in aquaponics and integrated farming practices.
What Are The Key Drivers Fueling Growth In The Urban Farming Market?
The anticipated growth of the urban farming market is partly due to the decline in farmland availability. Farmland is defined as land fit for or in use for agricultural practices, like crop cultivation, or land set aside for animals to graze on. Urban farming innovatively tackles the issue of fading farmland in cities through efficient use of land to promote sustainability and grant locals easy access to fresh produce, hence reducing the effect of urbanization on conventional farming. In fact, the GOV.UK, a government department in the UK stated in December 2023 that the total agricultural land usage in the UK decreased by 2.3% in 2023, rounding up to just slightly above 17.0 million hectares. Thus, the declining availability of farmland is fueling the momentum of the urban farming market.
What Are The Principal Market Segments In The Global Urban Farming Industry?
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
Pre-Book The Urban Farming Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Urban Farming Market?
Prominent entities in the urban farming market are concentrating on generating technology-driven solutions like a smart vertical farm in alliance with AgriTech firms to address key sector requirements. These smart vertical farms collaborate with AgriTech firms to improve food validity by maximizing metropolitan crop yield, utilizing resources efficiently, employing IoT for observation, and supplying fresh produce in the local region throughout the year. For example, in February 2024, Masdar City, a renewable energy enterprise based in UAE, unveiled a smart vertical farm developed in partnership with the agri-tech company Madar Farms. This collaboration aims to boost self-reliance in food production by integrating cutting-edge agricultural technology suited to the arid UAE climate. Cultivating leafy greens and other produce with less water compared to conventional farming practices, the smart vertical farm addresses food and water security concerns in the locality. This action aligns with the UAE's National Food Security Strategy, highlighting sustainable farming methods and local food manufacture to reduce import dependency. The undertaking is a part of Masdar's continuous dedication towards sustainability and novelty in urban living.
Who Are the Key Players In The Urban Farming Market?
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
What Are The Regional Insights Into 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.
