MENA Vertical Farming Market (Structure - Container Based, and Building Based; Application - Indoor, and Outdoor; Component - Lightning, Sensor, Building Material, and Other Component; Technology - Hydrophonic, Aerophonic, and Aquaphonic): Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the vertical farming market provides an in-depth analysis of segments and sub-segments in the MENA as well as regional vertical farming market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional vertical farming market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the MENA vertical farming market. The value of the market in 2022 was more than USD 226 million and expected to reach nearly USD 706 million in 2028 with a CAGR of nearly 21% during the forecast period.

Market Insight

One of the largest challenges is the rising food demand caused by a growing population and the shrinking amount of arable land. The finite supplies of fresh water, fossil fuels, and soil are progressively depleted by the high-yield farming techniques that sustain the enormous population. Vertical farming is an alternative source of sustainable food production units for growing urban needs and future generations. Vertical farming is majorly preferred by Middle East countries due to its broader scope. Such as vertical farming has less deforestation and proper land utilization, which means less erosion and less flooding. Also, natural resources are efficiently used as water.

Saudi Arabia is expected to be the largest market in the vertical farming market. MENA region. Saudi Arabia is one of the major countries with high investment in the vertical farming market in the MENA region. Due to modern technology, farmers can monitor crops quickly. Therefore, the adoption of modern practices drives the growth of the market. Moreover, North Africa also anticipated significant growth due to the worsening climate change effects also helps to boost vertical farming in this region. Vertical farming effectively increases yields while minimizing natural resource exploitation. Also, the limited availability of land is expected to boost the vertical farming market in the MENA region.

Report Scope of the Vertical Farming Market:

Segment Covered

The report on MENA vertical farming market covers segments such as structure, application, component, and technology. On the basis of structure, the sub-markets include container based, and building based. On the basis of application, the sub-markets include indoor, and outdoor. On the basis of component, the sub-markets include lightning, sensor, building material, and other component. On the basis of technology, the sub-markets include hydrophonic, aerophonic, and aquaphonic.

Companies Profiled:

The report provides profiles of the companies in the market such as YesHealth Agri-Biotechnology Co., Ltd, Gulfood Manufacturing, Crop One Holdings, Urban Crop Solutions, EVERLIGHT ELECTRONICS CO., LTD, ZipGrow, AeroFarms, Sky Greens, Naeem Farms, (powered by Mishkat AgTech's), I.F.A.R.M. Inc., and Agrotonomy Corp..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the vertical farming market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.