Market Overview: Middle East Vertical Farming Market
According to the latest report from MarkNtel Advisors, the Middle East Vertical Farming Market according to which the market is likely to witness a CAGR of around 18.76% during the forecast period, 2022-27. The market research firm is renowned for assessing business performance, product portfolios, operational segments, and developments, providing stakeholders with precise market projections and estimates through a rigorous research process. The report includes a SWOT analysis for ROI feasibility, economic conditions, statistics, and variables supporting strategic market forecasts. Stakeholders receive accurate market insights for informed decision-making.
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.
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Our Report on the Middle East Vertical Farming Market Offers Insights into The Following Segments
Clients seeking to invest in this market must be fully aware of its lucrative segments in order to leverage maximum gain. Keeping this in mind, our analyst has categorized the market into numerous segments, based on several factors. These segments are usually based on Product or Service Type, Applications, End-Users, and Others, further sub-categorized for extended benefits. Our report covers each sub-segment and also identifies the one that holds the largest share or has dominated the market in the historical period.
-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
- Software (Tracing and Tracking, Post-Harvest Audit, Analytics etc.)
- Services
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Other than such categorization, our reports also locate the geographical areas that are either dominating the market in terms of size or volume or seem promising for the future. Based on demographics, consumer behavior, market supply and demand, and how the market performed in the past few years, the geographical growth of the market such as
-By Country
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
Leading Middle East Vertical Farming Market Players and Their Vision
The report identifies the major players within the market and comprehensively analyses their business approach, patterns, advancements, and factory setup to predict their market presence for the next five years. The data provided after meticulous research has the potential to make even new entrants stand out in the long run. With the right set of data and actionable insights, our research report provides a holistic overview of the market, facilitating investors or stakeholders to put a strong foothold in the Middle East Vertical Farming Market. The major players profiled in the research report, along with their net worth and valuation in USD, are,
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- AeroFarms
- Freight Farms
- Plenty
- CropOne
- Badia farms
- Intelligent Growth Solution
- Osram GMBH
- Koninklijke Philips N.V
- Urban Fresh Farms
- Others
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