Middle East Vertical Farming

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 Read more

  • Environment
  • Dec 2021
  • 178
  • ET55017

Market Overview

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.

According to MarkNtel Advisors, the Middle East Vertical Farming Market is anticipated 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.

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, further states the research report, “ Middle East Vertical Farming Market Analysis, 2022.”

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR 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

 

Impact of Covid-19 on the Middle East Vertical Farming Market

  • The Covid-19 pandemic of 2020 has resulted in several economic repercussions across the Middle East & Africa.
  • The Vertical Farming Market witnessed a slight drop in its growth due to supply chain disruptions and a decline in the availability of raw materials.
  • Moreover, the shutdown of companies providing components like lighting, sensors, etc., also impacted the market growth.
  • However, the pandemic impacted the cross-border trade, which, in turn, infused the demand for locally-grown agricultural products and fueled the market.
  • Besides, with the relaxation in lockdown measures, the production & supply of components required for vertical farming resumed.
  • Hence, in the coming years, the market is expected to grow significantly and create lucrative growth opportunities for the leading companies in the industry.

  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
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