Future of the Urban Farming Market: Trends, Innovations, and Key Forecasts Through 2034

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Urban Farming Market Size Growth Forecast: What to Expect by 2025?
The market size of urban farming has seen a robust expansion in the preceding years. Its projected rise from $159.92 billion in 2024 to an impressive $173.18 billion in 2025, indicates a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this historical growth include increased population and urbanization, concerns over climate change and the environment, the local food movement, supportive governmental policies, and a heightened awareness of health and nutrition.

How Will the Urban Farming Market Size Evolve and Grow by 2029?
The market size of urban farming is predicted to witness robust growth in the coming years, reaching a noteworthy $227.63 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. The anticipated growth within this forecast duration can be credited to elements such as post-industrialization and the utilisation of abandoned spaces, the rise of community gardens, critiques on the green revolution and industrial agriculture, ancient rooftop farming cultures, and the impact of urban planning and the city beautiful movement. Top trends to look out for within this forecast timeframe include the incorporation of technology and automation, the adoption of circular economy tactics, the emergence of hybrid farming techniques, partnerships between corporations and institutions, and the adoption of aquaponics and integrated farming systems.

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What Drivers Are Propelling the Growth of Urban Farming Market Forward?
The lessening abundance of agricultural land is anticipated to advance the expansion of the urban farming market in forthcoming years. Agricultural land is defined as terrain intended for or suitable for agriculture, encompassing arable land cultivated via ploughing, sowing, and harvesting crops along with pastures for cattle grazing. Urban farming innovatively solves the problem of shrinking agricultural land in city areas by optimizing land use, encouraging sustainability, and ensuring residents have access to fresh food, thus reducing the effects of urban development on conventional farming. For example, data from the GOV.UK, a UK government department, shows that in December 2023, the total agricultural area used in the UK decreased by 2.3%, amounting to slightly more than 17.0 million hectares. As a result, the dwindling supply of agricultural land is propelling the urban farming market.

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What Are the Key Trends Driving Urban Farming Market Growth?
The urban farming market's key operators are investing heavily in technology-based interventions such as intelligent vertical farming in collaboration with an AgriTech enterprise to resolve the pressing challenges of the sector. Smart vertical farms powered by AgriTech play a pivotal role in ensuring food security by expanding urban crop output, streamlining resource use, harnessing IoT for surveillance, and guaranteeing the availability of fresh produce throughout the year. For example, in February 2024, Masdar City-a renewable energy firm based in the UAE-unveiled a smart vertical farm in conjunction with Madar Farms, an AgriTech company. This venture falls under a larger scheme intended to boost the UAE's food security. The collaboration promotes farming independence through the use of state-of-the-art farming technologies suitable for the UAE's harsh climate. The sophisticated vertical farm is designed to cultivate leafy greens and other crops using less water than conventional farming, addressing the dual issues of food and water security in the area. This endeavor aligns with the UAE's National Food Security Policy, which underscores the importance of sustainable farming and local food production in decreasing dependence on imports. The project epitomizes Masdar's sustained commitment to sustainable practices and innovative approaches in urban living.

What Are the Key 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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Who Are the Key Players Shaping the Urban Farming Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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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