Urban Farming Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Urban Farming Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Urban Farming Market Size During the Forecast Period?
There has been a remarkable growth in the size of the urban farming market over the recent years. Projecting from $159.92 billion in 2024, it is expected to reach $174.23 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. Factors such as rising population and urbanization, climate change and environmental worries, the local food movement along with government backing and policies, and increased consciousness about health and nutrition can be credited for this historic increase.

The size of the urban agriculture market is anticipated to experience robust growth in the coming years and is predicted to expand to a size of $233.61 billion in 2029 at a compound annual growth rate of 7.6%. This predicted growth during the forecast period can be explained by factors such as post-industrialization and deserted locations, the movement for community gardens, the green revolution, critique of industrial farming methods, ancient rooftop farming techniques, and the city beautiful movement with enhanced urban planning. Notable trends expected during the forecast period are technological adaptation and automation, circular economic practices, combination farming models, collaborations with corporates and institutions, and merged farming systems such as aquaponics.

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What Are the High-Growth Segments in the Urban Farming Market?
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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What Key Drivers Are Expected to Influence Future Urban Farming Market Growth?
The scarcity of farmland, expected to intensify in the future, is anticipated to stimulate the progress of the urban farming market. Farmland, which encompasses land cultivated for planting and harvesting crops, as well as pastureland for raising livestock is showing signs of decline. Urban farming innovatively tackles this issue by optimizing land usage, encouraging eco-friendly practices, and offering city dwellers fresh products, which in turn softens the blow of urbanization on conventional farming. The GOV.UK, a government enterprise based in the UK, reported in December 2023 that the total agricultural land used in the UK in that year shrank by 2.3%, amounting to just above 17.0 million hectares. Consequently, the dwindling availability of farmlands is contributing to the expansion of the urban farming market.

Which Companies Hold the Largest Share Across Different Urban Farming Market Segments?
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 Trends Are Driving Growth in The Urban Farming Market?
Key players in the urban farming market, such as AgriTech firms, are concentrating their efforts on creating cutting-edge solutions like smart vertical farms to resolve various critical needs within the industry. A smart vertical farm, when coupled with an AgriTech company, enhances food security by increasing urban crop yield, optimizing the use of resources, employing IoT for monitoring, and supplying locally sourced fresh produce throughout the year. For example, in February 2024, Masdar City, a renewable energy firm based in UAE, unveiled a smart vertical farm in partnership with agri-tech company Madar Farms, as part of a larger plan to improve food security in the UAE. This alliance seeks to encourage self-reliance in food production through the use of innovative farming technologies compatible with the UAE's dry climate. The smart vertical farm is engineered to cultivate leafy vegetables and other crops using lesser water than conventional farming techniques, addressing both the food and water security issues in the region. This initiative is in line with the UAE's National Food Security Strategy, which underlines the importance of sustainable farming methods and local food production to decrease dependency on imports. The project showcases Masdar's continued dedication to sustainable practices and innovative solutions in urban living.

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What Are the Emerging Geographies for The Urban Farming Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Urban Farming Market?
2. What is the CAGR expected in the Urban Farming Market?
3. What Are the Key Innovations Transforming the Urban Farming Industry?
4. Which Region Is Leading the Urban Farming Market?

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