The Latin America, Middle East and Africa Vertical Farming Market would 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 would 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.
Free Valuable Insights: The Worldwide Vertical Farming Market is Projected to reach USD 27.10 Billion by 2031, at a CAGR of 19.6%
Based on Component, the market is segmented into Hardware (Lighting, Hydroponic Components, and Climate Control & Sensors), Software, and Services. Based on Category, the market is segmented into Fruits Vegetables, & Herbs, Flowers & Ornamentals, and Other Category. Based on Mechanism, the market is segmented into Hydroponics, Aeroponics, and Aquaponics. Based on Structure, the market is segmented into Shipping Container, and Building-based. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Component
By Category
By Mechanism
By Structure
By Country
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