United Kingdom Vertical Farming Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 24.02% from 2023 to 2033
• The UK Vertical Farming Market Size is Expected to Hold a Significant Share by 2033

The U.K. Vertical Farming Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 24.02% from 2023 to 2033.

Market Overview

The practice of growing crops in layers that are vertically arranged rather than on a single surface, such as a field or greenhouse, is known as vertical farming. Cultivators typically use these in vertical structures like skyscrapers, abandoned mining tunnels, shipping barrels, and old warehouses. This farming technique monitors the necessary indoor humidity, temperature, gasses, and light levels using Controlled Environment Agriculture (CEA) technology. For instance, farmers simulate natural sunshine using metal reflectors and artificial lights. Additionally, the goal of vertical farming is to reduce the depletion of natural resources. To reduce usage by up to 95%, this agricultural method recycles irrigation water. However, indoor farming saves more resources because it uses fewer agrochemicals. The adoption of sustainable farming methods, especially vertical farming, is being promoted by UK government policies and incentives including the Sustainable Farming Incentive.

Report Coverage

This research report categorizes the market for the UK vertical farming market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom vertical farming market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. vertical farming market.

Driving Factors

The amount of cultivated land in the UK is declining as metropolitan areas continue to expand. Vertical farming is a potential solution for UK cities since it allows for the production of fresh vegetables in urban areas. Additionally, minimizing environmental harm and producing sufficient food to support a growing population as urban areas expand and occupy farmland are some of the biggest issues facing UK farmers. Vertical farming provides a solution to these issues. Furthermore, in the UK, 83.9% of people reside in cities as of 2020. There are just 10.93 million people living in rural areas and roughly 55.91 million people living in metropolitan areas. The UK's growing urban population is potentially fed by vertical farms, which would also make use of abandoned buildings, factories, and other urban dead zones. Additionally, fresh produce that is carbon neutral and extremely nutritious will be readily available to city dwellers within 24 hours of harvest.

Restraining Factors

A major financial obstacle for new investors and operators is the high upfront cost of vertical farming infrastructure, especially for small-scale farmers or newcomers to the industry.

Market Segmentation

The UK vertical farming market share is classified into type and structure.

• The hydroponics segment is expected to hold the greatest market share through the forecast period.    

The U.K. vertical farming market is segmented by type into hydroponics, aeroponics, and aquaponics. Among these, the hydroponics segment is expected to hold the greatest market share through the forecast period. The increasing need for safe and healthful food, along with the fact that hydroponics improves food sustainability by lowering carbon emissions and removing the possibility of disease-causing soil organisms, is predicted to drive the industry.

• The building-based vertical farms segment is anticipated to hold a significant share of the United Kingdom vertical farming market during the forecast period.       

Based on the structure, the UK vertical farming market is divided into building-based vertical farms and shipping-container vertical farms. Among these, the building-based vertical farms segment is anticipated to hold a significant share of the United Kingdom vertical farming market during the forecast period. The goal of new urban development projects is to encourage the establishment of farms. Crop development is supported by building-based construction, which also permits effective automation and ideal air circulation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. vertical farming market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Infarm
• Shockingly Fresh
• Plant Lab
• LettUs Grow
• Jones Food Company
• Farmdrop
• Weezy
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, Jones Food Company recently inaugurated its second vertical farm, JFC2, nearby Lydney, Gloucestershire. The firm claims to have the world's most sophisticated vertical farming.

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Vertical Farming Market based on the below-mentioned segments:

United Kingdom Vertical Farming Market, By Type

• Hydroponics
• Aeroponics
• Aquaponics

United Kingdom Vertical Farming Market, By Structure

• Building-Based Vertical Farms
• Shipping-Container Vertical Farms