Latin America: vertical farming market value 2021-2026

Published by
P. Navarro Villa,
Jul 25, 2023
The vertical farming market in Latin America was estimated to amount to 0.74 billion U.S. dollars in 2021. By 2026, this market is forecast to reach 1.93 billion dollars, following a compound annual growth rate (CAGR) of approximately 21 percent in the period. Vertical farming, frequently used in urban agriculture, refers to crop production in vertically stacked levels, commonly incorporating practices such as aquaponics, hydroponics, and aeroponics.

Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars)

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Release date

February 2023

Region

LAC

Survey time period

as of 2022

Supplementary notes

Figures have been rounded.
An exponential development of the values was assumed to estimate the annual values between 2021 and 2026, which were provided by the source.

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