Middle East Vertical Farming Market Research Report: Forecast (2022-2027)

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 & Chi... ... 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 greenhouse, Plastic greenhouse}), Software (Tracing & Tracking, Post-Harvest Audit, Analytics etc.), Services), By Country (UAE, Saudi Arabia, Israel, Egypt, Rest of Middle East), By Company (AeroFarms, Freight Farms, Plenty, CropOne, Badia farms, Intelligent Growth Solution, Osram GMBH, Koninklijke Philips N.V., Urban Fresh Farms) Read more

  • Environment
  • Sep 2022
  • 178
  • PDF, Excel, PPT

Market Definition

Vertical farming is the practice of growing food on vertically stacked layers or structures, such as shipping containers, skyscrapers, or repurposed warehouses. Controlled Environment Agriculture (CEA) and Indoor farming are the technologies used in vertical farming where all the environmental factors, including humidity, temperature, light, etc., can be controlled easily. The primary goal of vertical farming is to maximize agriculture output using limited space & minimal resources like energy & water, and it is witnessing increasing demand across the Middle East & Africa.

Market Insights

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. Due to the extreme climatic conditions, water & energy are the premium resources in the Middle East region. According to the Alpen Capital’s 2019 GCC Food Report, nearly 85% of food consumed in GCC countries is imported due to water scarcity, extreme climatic conditions, and limited arable land.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 18.76%
Countries Covered UAE, Saudi Arabia, Israel, Egypt, Rest of Middle East
Key Companies Profiled AeroFarms, Freight Farms, Plenty, CropOne, Badia farms, Intelligent Growth Solution, Osram GMBH, Koninklijke Philips N.V., Urban Fresh Farms
Unit Denominations USD Million/Billion

 

It has further resulted in food price fluctuations in the region. Also, the unstable socio-political environment has significantly impacted the source countries & trade routes. Hence, these factors are leading to the burgeoning adoption of vertical farming across the Middle East & Africa region for extensive access to nutritious, safe, and affordable food.

However, this kind of agriculture practice can be costly. But consumers across the Middle East are ready to pay a premium price for fresh & green vegetables. Hence, the Vertical farming market is expected to grow significantly in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumption
    4. Market Segmentation
  2. Executive Summary
  3. Impact of Covid-19 on Middle East Vertical Farming Market
  4. Middle East Vertical Farming Market Policies and Regulations
  5. Middle East Vertical Farming Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  6. Middle East Vertical Farming Market Trends & Insights
  7. Middle East Vertical Farming Market Hotspots & Opportunities
  8. Middle East Security Vertical Farming Market Outlook, (2017-2027F)
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Growth Mechanism
        1. Hydroponics
        2. Aeroponics
        3. Aquaponics
      2. By Structure
        1. Shipping Containers
        2. Building Based
        3. Deep Farms
      3. By Farm Location
        1. Indoor
        2. Outdoor
      4. By Crop Type
        1. Tomato
        2. Lettuce
        3. Bell & Chili Peppers
        4. Strawberry
        5. Cucumber
        6. Leafy Greens
        7. Others
      5. By Component
        1. Hardware
          1. Lighting
            1. Grow Light
            2. Grow Ballast
            3. Grow Reflectors
          2. Hydroponic Component
            1. Pump & Irrigation
            2. Water Filtration
            3. Meters & Solutions
            4. Others
          3. Climate Control
            1. Ventilation Fans
            2. Air Purification/Control
          4. Sensors
            1. Co2 Sensors
            2. Temperature Sensors
            3. Nutrient Sensors
            4. Crop Sensors
            5. PH Sensors
            6. Others
          5. Building Material
            1. Glass green house
            2. Plastic green house
        2. Software (Tracing and Tracking, Post-Harvest Audit, Analytics etc.)
        3. Services
      6. By Country
        1. UAE
        2. Saudi Arabia
        3. Israel
        4. Egypt
        5. Rest of Middle East
      7. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  9. UAE Vertical Farming Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Growth Mechanism
      2. By Structure
      3. By Component
      4. By Crop Type 
  10. Saudi Arabia Vertical Farming Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Growth Mechanism
      2. By Structure
      3. By Component
      4. By Crop Type
  11. Israel Vertical Farming Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Growth Mechanism
      2. By Structure
      3. By Component
      4. By Crop Type
  12. Egypt Vertical Farming Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Growth Mechanism
      2. By Structure
      3. By Component
      4. By Crop Type
  13. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target Security Type
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Companies Profile (Business Description, Products Diversification, Solutions, Assets, Target Market, Partnership, Merger & Acquisition, etc.)
      1. AeroFarms
      2. Freight Farms
      3. Plenty
      4. CropOne
      5. Badia farms
      6. Intelligent Growth Solution
      7. Osram GMBH
      8. Koninklijke Philips N.V
      9. Urban Fresh Farms
      10. Others
  14. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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