The North America Vertical Farming Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.85 billion by 2031. The Canada market is experiencing a CAGR of 21.5% during 2024-2031. Additionally, the Mexico market is expected to 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.
The US market dominated the North America Vertical Farming Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.85 billion by 2031. The Canada market is experiencing a CAGR of 21.5% during 2024-2031. Additionally, the Mexico market is expected to 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.
List of Key Companies Profiled
- AeroFarms, LLC
- American Hydroponics
- BrightFarms, Inc. (Cox Enterprises Inc.)
- Plenty Foods Pty Ltd. (Josh Gadischke)
- Bowery Farming, Inc.
- Eden Green Technology
- Lindsay Corporation
- Hunter Industries, Inc.
- The Toro Company
- Valmont Industries, Inc.
Market Report Segmentation
By Component
- Hardware
- Lighting
- Hydroponic Components
- Climate Control & Sensors
- Software
- Services
By Category
- Fruits Vegetables, & Herbs
- Flowers & Ornamentals
- Other Category
By Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
By Structure
- Shipping Container
- Building-based
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Vertical Farming Market by Component
Chapter 5. North America Vertical Farming Market by Category
Chapter 6. North America Vertical Farming Market by Mechanism
Chapter 7. North America Vertical Farming Market by Structure
Chapter 8. North America Vertical Farming Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- AeroFarms, LLC
- American Hydroponics
- BrightFarms, Inc. (Cox Enterprises Inc.)
- Plenty Foods Pty Ltd. (Josh Gadischke)
- Bowery Farming, Inc.
- Eden Green Technology
- Lindsay Corporation
- Hunter Industries, Inc.
- The Toro Company
- Valmont Industries, Inc.
Methodology
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