[Latest] US Vertical Farming Market Size/Share Worth USD 7.8 Billion by 2033 at a 10.3% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of US Vertical Farming Market size & share revenue was valued at approximately USD 3.4 Billion in 2023 and is expected to reach USD 4.8 Billion in 2024 and is expected to reach around USD 7.8 Billion by 2033, at a CAGR of 10.3% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are AeroFarms, Plenty Unlimited Inc., Bowery Farming, BrightFarms, Gotham Greens, Vertical Harvest, Lufa Farms, Farm.One, Freight Farms, 80 Acres Farms, Square Roots, Urban Produce, Crop One Holdings, Jones Food Company, Green Sense Farms, Edenworks, Local Roots Farms, Infinite Harvest, Urban Crop Solutions, Pure Green Farms, and others.

Austin, TX, USA, July 31, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “US Vertical Farming Market Size, Trends and Insights By Structure (Shipping Container, Building Based), By Growing Mechanism (Hydroponics, Aeroponics, Aquaponics), By Crop Type (Fruits Vegetables, & Herbs, Flowers & Ornamentals, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of US Vertical Farming Market size & share was valued at approximately USD 3.4 Billion in 2023 and is expected to reach USD 4.8 Billion in 2024 and is expected to reach a value of around USD 7.8 Billion by 2033, at a compound annual growth rate (CAGR) of about 10.3% during the forecast period 2024 to 2033.”

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US Vertical Farming Market: Overview

Vertical farming frequently uses automation and sensor technology to monitor and optimize environmental factors including temperature, humidity, and nutrient levels.

One significant development in the vertical farming business in the United States is the increased use of modern technologies and automation to improve efficiency and output. Vertical farming operations use technologies like artificial intelligence, Internet of Things (IoT) sensors, and robots to monitor and optimize growth conditions, automate chores like sowing and harvesting, and reduce resource use.

This movement is motivated by a desire to expand vertical farming operations, increase agricultural yields, and lower labor costs. Furthermore, the use of sustainable practices and renewable energy sources is gaining traction as businesses attempt to reduce their environmental impact while meeting customer demand for ethically produced products.

Overall, technological innovation and sustainability are determining the future of vertical farming in the United States, driving its continuing growth and evolution.

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By structure, the shipping container segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Shipping containers are increasingly being used for uses other than traditional freight transit. From modular housing and urban farming to pop-up shops and mobile offices, shipping containers’ adaptability and durability continue to inspire creative applications across sectors.

By growing mechanism, the hydroponics segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. One prominent trend in hydroponics is the growing popularity of vertical farming systems, which use space-saving, stacked growing layers to maximize crop yields in urban areas. The desire for sustainable, high-quality products, along with a paucity of arable land, is driving this trend.

By crop type, fruits vegetables, & herbs segment held highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A major trend in fruits, vegetables, and herbs is the rising desire for locally grown, organic products owing to health and ecological concerns. Consumers desire fresh, nutrient-dense meals with transparent supply chains, which is fueling the development of urban and vertical farming technologies.

AeroFarms is a Danville, VA-based sustainable indoor agriculture firm that grows vegetables using a unique aeroponics method. AeroFarms practices indoor vertical farming, growing a range of crops with artificial intelligence and plant biology.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 4.8 Billion
Projected Market Size in 2033	USD 7.8 Billion
Market Size in 2023	USD 3.4 Billion
CAGR Growth Rate	10.3% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Structure, Growing Mechanism, Crop Type and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	US
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the US Vertical Farming report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the US Vertical Farming report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed US Vertical Farming market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this US Vertical Farming industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

What is the size of the US Vertical Farming market and what is its expected growth rate?
What are the primary driving factors that push the US Vertical Farming market forward?
What are the US Vertical Farming Industry's top companies?
What are the different categories that the US Vertical Farming Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the US Vertical Farming market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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US Vertical Farming Market: Recent Developments

In February 2022, Aero Farms announced a new tomato research partnership with FFAR and the University of Florida to provide vertical agriculture with a path to growing high-yielding crops that produce flavoured tomatoes in atmospheric conditions.

In January 2022, Plenty and Walmart announced their long-term commitment to bring fresh, peak-flavour produce to shoppers throughout the year.

In April 2021, Aero Farms announced the global largest and most highly sophisticated aeroponic indoor vertical farm in Virginia.

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Browse the full “US Vertical Farming Market Size, Trends and Insights By Structure (Shipping Container, Building Based), By Growing Mechanism (Hydroponics, Aeroponics, Aquaponics), By Crop Type (Fruits Vegetables, & Herbs, Flowers & Ornamentals, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/us-vertical-farming-market/

List of the prominent players in the US Vertical Farming Market:

AeroFarms
Plenty Unlimited Inc.
Bowery Farming
BrightFarms
Gotham Greens
Vertical Harvest
Lufa Farms
One
Freight Farms
80 Acres Farms
Square Roots
Urban Produce
Crop One Holdings
Jones Food Company
Green Sense Farms
Edenworks
Local Roots Farms
Infinite Harvest
Urban Crop Solutions
Pure Green Farms
Others

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The US Vertical Farming Market is segmented as follows:

By Structure

Shipping Container
Building Based

By Growing Mechanism

Hydroponics
Aeroponics
Aquaponics

By Crop Type

Fruits Vegetables, & Herbs
Flowers & Ornamentals
Others

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This US Vertical Farming Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Key Players in This US Vertical Farming Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Market Status of the US Vertical Farming Market? What Was the Capacity, Production Value, Cost and PROFIT of the US Vertical Farming Market?
What Is the Current Market Status of the US Vertical Farming Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of US Vertical Farming Market by Considering Applications and Types?
What Are Projections of the US Vertical Farming Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is US Vertical Farming Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On US Vertical Farming Industry? What are Macroeconomic Environment Analysis Results? What Are Macroeconomic Environment Development Trends?
What Are Market Dynamics of US Vertical Farming Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for US Vertical Farming Industry?

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Reasons to Purchase US Vertical Farming Market Report

US Vertical Farming Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
US Vertical Farming Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
US Vertical Farming Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
US Vertical Farming Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the US Vertical Farming market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide US Vertical Farming market analysis.

The competitive environment of current and potential participants in the US Vertical Farming market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide US Vertical Farming market should find this report useful. The research will be useful to all market participants in the US Vertical Farming industry.
Managers in the US Vertical Farming sector are interested in publishing up-to-date and projected data about the worldwide US Vertical Farming market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in US Vertical Farming products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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