Key Trend Reshaping the Urban Farming Market in 2025: Advancing Food Security Through Smart Vertical Farming Initiatives

What Are the Projections for the Size and Growth Rate of the Urban Farming Market?
In the past few years, the size of the urban farming market has seen substantial growth. With a compound annual growth rate (CAGR) of 8.9%, the market is expected to rise from $159.92 billion in 2024 to $174.23 billion in 2025. The exponential growth during this historic period is a result of factors such as the growing population and urbanization trends, environmental worries and shifts in climate, a rising local food movement, supportive government initiatives and policies, and an increased public awareness about health and nutrition.

The market size of urban farming is anticipated to experience robust expansion in the coming years. It is projected to increase to a booming $233.61 billion by 2029, showcasing a compound annual growth rate (CAGR) of 7.6%. The growth during this forecast period can be ascribed to factors such as post-industrialization and the reclamation of deserted spaces, the movement of community gardens, the critique of the green revolution and industrial agriculture, the practice of rooftop farming in traditional societies, and the 'city beautiful' movement along with urban planning. Noteworthy trends anticipated during the forecast period encompass the integration of technology and automation, the adoption of circular economy methods, the emergence of hybrid farming models, partnerships between corporations and institutions, and the rise of aquaponics as well as cohesive farming systems.

What Are the Main Catalysts for Growth in the Urban Farming Market?
The decline in available agricultural land is projected to fuel urban farming market expansion in the following years. Agricultural land is characterized as plot utilized completely for farming activities which may include land prepared and engaged for crop cultivation, as well as pastures or rural area purposed for livestock grazing. Urban farming innovatively tackles the problem of dwindling agricultural land in city regions by optimizing the usage of land, encouraging ecological balance, and giving local inhabitants access to fresh produce, thus reducing the effect of urban sprawl on conventional farming techniques. For instance, in December 2023, the GOV.UK, a department of the UK government, suggested that in 2023, the total area utilized for agriculture in the UK had shrunk by 2.3%, amounting to just above 17.0 million hectares. Consequently, the drop in farmland accessibility is bolstering the urban farming market.

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Which Businesses Are at the Forefront of Urban Farming Market Development?
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 Are the Latest Innovations in the Urban Farming Market?
Key players in the urban farming market are investing in and developing innovative technological solutions such as the smart vertical farm in collaboration with an AgriTech company, in an effort to tackle major industry challenges. The smart vertical farm, co-developed with an AgriTech company, is targeted at increasing food security by elevating urban agricultural productivity, optimizing the use of resources, integrating IoT for monitoring purposes, and supplying fresh locally produced goods all through the year. A case in point is the February 2024 collaboration between a renewable energy firm from UAE, namely Masdar City and the AgriTech company Madar Farms, to launch a smart vertical farm. This joint venture aims to foster self-reliance in food production by incorporating pioneering agricultural technologies capable of enduring the desert climate of UAE. The smart vertical farm is constructed to cultivate leafy vegetables and other crops using significantly less water than what traditional farming practices require, thus responding to the food and water security issues of the region. This initiative is consistent with UAE's National Food Security Strategy emphasizing on practising sustainable farming methods and promoting locally produced food, thereby lessening dependency on imports. This urban farming project is congruent with Masdar's steadfast dedication towards environmental sustainability and cutting-edge urban living.

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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Where Is the Urban Farming Market Growth Most Prominent?
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 Is Covered In The Urban Farming Global Market Report?

- Market Size Analysis: Analyze the Urban Farming Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Urban Farming Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Urban Farming Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Urban Farming Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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