The Latin America, Middle East and Africa Vertical Farming Market is expected to witness market growth of 21.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Vertical Farming Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $560.1 million by 2031. The Argentina market is showcasing a CAGR of 22.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 20.3% during 2024-2031.
Urban adoption is particularly notable. Cities like New York, Tokyo, and Dubai have integrated vertical farms into their infrastructure, often supported by government incentives to enhance local food security. Meanwhile, developing countries are beginning to explore the technology, though high initial costs and limited technical expertise pose barriers. Pilot projects in India, Kenya, and Brazil demonstrate potential, often backed by international organizations seeking to bolster rural and peri-urban food systems.
Additionally, corporate adoption is another key driver. Retail giants like Walmart and Amazon have invested in vertical farming to shorten supply chains and offer fresher produce to customers. Restaurants and grocery chains also partner with vertical farm operators to source hyper-local ingredients that appeal to eco-conscious consumers.
In Brazil, the rapid growth of AI adoption, with spending surpassing $1 billion in 2023, is transforming agricultural practices, including vertical farming. AI-driven intelligent process automation (IPA), which saw a 17% increase in investment, enables real-time monitoring of plant health, automated nutrient delivery, and precision farming techniques. These advancements improve crop yields, reduce resource wastage, and lower operational costs, making vertical farming more economically sustainable. As AI integration continues to evolve, Brazil’s vertical farming industry is expected to benefit from enhanced efficiency and predictive analytics, optimizing production cycles.
The Brazil market dominated the LAMEA Vertical Farming Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $560.1 million by 2031. The Argentina market is showcasing a CAGR of 22.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 20.3% during 2024-2031.
Urban adoption is particularly notable. Cities like New York, Tokyo, and Dubai have integrated vertical farms into their infrastructure, often supported by government incentives to enhance local food security. Meanwhile, developing countries are beginning to explore the technology, though high initial costs and limited technical expertise pose barriers. Pilot projects in India, Kenya, and Brazil demonstrate potential, often backed by international organizations seeking to bolster rural and peri-urban food systems.
Additionally, corporate adoption is another key driver. Retail giants like Walmart and Amazon have invested in vertical farming to shorten supply chains and offer fresher produce to customers. Restaurants and grocery chains also partner with vertical farm operators to source hyper-local ingredients that appeal to eco-conscious consumers.
In Brazil, the rapid growth of AI adoption, with spending surpassing $1 billion in 2023, is transforming agricultural practices, including vertical farming. AI-driven intelligent process automation (IPA), which saw a 17% increase in investment, enables real-time monitoring of plant health, automated nutrient delivery, and precision farming techniques. These advancements improve crop yields, reduce resource wastage, and lower operational costs, making vertical farming more economically sustainable. As AI integration continues to evolve, Brazil’s vertical farming industry is expected to benefit from enhanced efficiency and predictive analytics, optimizing production cycles.
List of Key Companies Profiled
- AeroFarms, LLC
- American Hydroponics
- BrightFarms, Inc. (Cox Enterprises Inc.)
- Plenty Foods Pty Ltd. (Josh Gadischke)
- Bowery Farming, Inc.
- Eden Green Technology
- Lindsay Corporation
- Hunter Industries, Inc.
- The Toro Company
- Valmont Industries, Inc.
Market Report Segmentation
By Component
- Hardware
- Lighting
- Hydroponic Components
- Climate Control & Sensors
- Software
- Services
By Category
- Fruits Vegetables, & Herbs
- Flowers & Ornamentals
- Other Category
By Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
By Structure
- Shipping Container
- Building-based
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Vertical Farming Market by Component
Chapter 5. LAMEA Vertical Farming Market by Category
Chapter 6. LAMEA Vertical Farming Market by Mechanism
Chapter 7. LAMEA Vertical Farming Market by Structure
Chapter 8. LAMEA Vertical Farming Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- AeroFarms, LLC
- American Hydroponics
- BrightFarms, Inc. (Cox Enterprises Inc.)
- Plenty Foods Pty Ltd. (Josh Gadischke)
- Bowery Farming, Inc.
- Eden Green Technology
- Lindsay Corporation
- Hunter Industries, Inc.
- The Toro Company
- Valmont Industries, Inc.
Methodology
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