Market Insights
As per recent research by MarkNtel Advisors, The Middle East Vertical Farming Market is projected to grow at a CAGR of around 18.76% during the forecast period, i.e., 2022-27.
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Key Driver: Increasing Need to Minimize Import Dependency & Bring Food Security
Since many countries in the region are highly dependent on imports for food, the need to minimize this dependency is elevating rapidly. Especially amidst the Covid-19 pandemic, when the governments imposed movement restrictions and trade bands, food security was challenged due to hindrances in imports. This aspect played a prominent role in bringing a reality check to the countries and instigating them to attain food security using advanced technologies and farming methods like vertical farming, leaving no challenge (like water scarcity & unavailability of arable land) unaddressed. It, in turn, demonstrated a rise in the practice of vertical farming and its positive influence on market growth.
Market Segmentation and Consumer Behavior:
By Growth Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
By Structure
- Shipping Containers
- Building Based
- Deep Farms
By Farm Location
- Indoor
- Outdoor
By Crop Type
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens
- Others
By Component
- Hardware
- Lighting
- Grow Light
- Grow Ballast
- Grow Reflectors
- Hydroponic Component
- Pump & Irrigation
- Water Filtration
- Meters & Solutions
- Others
- Climate Control
- Ventilation Fans
- Air Purification/Control
- Sensors
- Co2 Sensors
- Temperature Sensors
- Nutrient Sensors
- Crop Sensors
- PH Sensors
- Others
- Building Material
- Glass green house
- Plastic green house
- Software (Tracing and Tracking, Post-Harvest Audit, Analytics etc.)
- Services
- Lighting
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Middle East Vertical Farming Market Geographical Analysis:
By Country:
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
Key Players and Competitive Strategies in the Middle East Vertical Farming Market
Several prominent players dominate the Middle East Vertical Farming Market, including:
- AeroFarms
- Freight Farms
- Plenty
- CropOne
- Badia farms
- Intelligent Growth Solution
- Osram GMBH
- Koninklijke Philips N.V
- Urban Fresh Farms
- Others
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Questions Addressed in this Study
1.What factors are driving the Middle East Vertical Farming Market growth?
2.How is the Middle East Vertical Farming Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East Vertical Farming Market?
4.What is the current size of the Middle East Vertical Farming Market, and how is it projected to change in the future?
5.What is the future outlook for the Middle East Vertical Farming Market in terms of technological advancements and market expansion?
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