What is the current size and annual growth rate of the urban farming market?
The urban farming market size has grown strongly in recent years. It will grow from $159.92 billion in 2024 to $174.23 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increasing population and urbanization, climate change and environmental concerns, local food movement, government support and policies, rising awareness of health and nutrition.
The urban farming market size is expected to see strong growth in the next few years. It will grow to $233.61 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to post-industrialization and abandoned spaces, community gardens movement, green revolution and industrial agriculture critique, rooftop farming in ancient cultures, city beautiful movement and urban planning. Major trends in the forecast period include tech integration and automation, circular economy practices, hybrid farming models, corporate and institutional partnerships, aquaponics and integrated farming systems.
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Which major factors have contributed to the expansion of the urban farming market?
The decreasing availability of farmland is expected to propel the growth of the urban farming market in the coming years. Farmland is described as land employed for or ideal for farming, comprising cultivable land cultivated by plowing, planting, and reaping crops, as well as pasture or countryside used to graze cattle. Urban farming creatively addresses the challenge of diminishing farmland in urban centers by maximizing land utilization, promoting sustainability, and providing residents with access to fresh produce, thereby mitigating the impact of urbanization on traditional agriculture. For instance, in December 2023, according to the GOV.UK, a UK-based government department, in 2023, the total utilized agricultural area in the UK fell by 2.3%, totaling just over 17.0 million hectares. Therefore, the decreasing availability of farmland is driving the urban farming market.
How is the urban farming market segmented?
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 top competitors 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
Which key trends are expected to influence the urban farming market in the coming years?
Major companies operating in the urban farming market are focusing on developing technologically advanced solutions, such as smart vertical farm with AgriTech firm in food security push to address several critical industry demands. A smart vertical farm with an AgriTech firm enhances food security by maximizing urban crop production, optimizing resources, using IoT for monitoring, and providing fresh produce locally year-round. For instance, in February 2024, Masdar City, a UAE-based renewable energy company, launched a smart vertical farm in collaboration with the agri-tech firm Madar Farms as part of a broader initiative to enhance food security in the UAE. This partnership aims to promote self-sufficiency in food production by utilizing innovative farming technologies that adapt to the UAE’s arid climate. The smart vertical farm is designed to grow leafy greens and other produce using less water than traditional farming methods, addressing both food and water security challenges in the region. This initiative aligns with the UAE’s National Food Security Strategy, which emphasizes sustainable agricultural practices and local food production to reduce reliance on imports. The project is part of Masdar’s ongoing commitment to sustainability and innovation in urban living.
Which regional trends are influencing the urban farming market, and which area dominates the industry?
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.
What Does The Urban Farming Market Report 2025 Offer?
The urban farming market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Urban farming is the activity of cultivating agricultural produce, raising animals, or generating food in an urban setting that includes residential and commercial structures in the form of indoor controlled environment farming, community gardens, and rooftop gardens. Urban farming encourages sustainable agriculture, reduces food miles, and improves local food security by growing crops inside city borders and exploiting unoccupied places for fresh vegetables.
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