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)
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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Statista. (February 15, 2023). Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista. "Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars)." Chart. February 15, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista. (2023). Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista. "Vertical Farming Market Value in Latin America from 2021 to 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Feb 2023, https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
Statista, Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/ (last visited December 30, 2024)
Vertical farming market value in Latin America from 2021 to 2026 (in billion U.S. dollars) [Graph], Statista, February 15, 2023. [Online]. Available: https://www.statista.com/statistics/789322/vertical-farming-market-value-latin-america/
