Middle East And Africa Indoor Farming Market Size, Share, Opportunities, And Trends By Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), By Component (Hardware, Software And Services), By Facility Type (Glass Or Poly Greenhouse, Indoor Vertical Farm, Container Farm, Indoor DWC System), By Crop Type (Fruits And Vegetables, Herbs And Microgreens, Flowers And Ornamentals, Others), And By Country - Forecasts From 2023 To 2028

  • Published : Feb 2023
  • Report Code : KSI061614457
  • Pages : 120

Several significant grain and legume crops originated in and have their greatest diversity in the Middle East and Africa, which were significant locations for early settled agriculture. Only one-third of the land in the Middle East and Africa is used for agriculture, and only 5% of that area is arable. Urban areas or deserts make up the remainder of the land. Additionally, indoor farming can provide previously unheard-of advantages for nations like the UAE, whose food supply depends on imports for more than half of its needs.

In addition, one of the main drivers driving the market for indoor farming is the increased demand for large-scale production of food crops as a result of the scarcity of arable land due to geographical constraints. To support the market's expansion, many significant market participants are implementing this effective crop production method. For instance, Pure Harvest in Abu Dhabi has aspirational aspirations to expand into a regional powerhouse with fruits and vegetables cultivated in a controlled indoor environment throughout the Middle East and Africa, as the Emirates attempts to lessen reliance on food imports. The need for the research and development industry to grow the industry at a faster rate is increased by the fact that indoor farming facilities are still developing throughout the region.

Demand for Hydroponics to experience the fastest growth rate in the Middle East and Africa

Food is grown hydroponically, a method that does not require soil. The main cause of the growing demand for hydroponic techniques is the water issue in the Middle East region. The possibility of infections being transmitted by soil organisms is removed by the hydroponic system. Additionally, it delivers a somewhat higher return on investment than other growth strategies and is more cost-effective.

Furthermore, because the hydroponic system can continuously supply water and nutrients, plant growth using it can last longer in the event of a power loss. It differs from the aeroponic growth method where plants can perish within an hour as a result of broken mist spraying nozzles. As a result, the demand for the hydroponic growth mechanism is increasing at the fastest rate.

?Food Security in the Middle East and Africa to surge market expansion

A substantial amount of the food consumed in Middle Eastern and African countries is imported. It is believed that the six countries of the Gulf Cooperation Council import over 85% of their food, including more than 90% of their cereals, 60% of their meat, and 50% of their vegetables.

Middle Eastern governments started providing special loans to businesses to encourage them to use innovative farming practices to address the problem of food security. For example, the Abu Dhabi Investment Office invested USD 100 million in four agrotech companies that plan to build manufacturing and research facilities in the emirate. Dubai also unveiled the Food Tech Valley, which includes vertical agricultural spaces, research facilities, an innovation hub, and a smart food logistics hub. The United Arab Emirates today boasts 1,000 hydroponic farms around the Middle East as a result of these activities.

The UAE is projected to account for a dominant share of the MEA indoor farming market.

Vertical farming is expected to gain a lot more traction in the UAE due to the increased food demand and challenging weather for conventional agricultural methods. Vertical farming is the most popular method for food production in the nation since it helps to increase food security. Other significant drivers boosting the market in the UAE are the growing desire to lessen the reliance on imported fresh food and the implementation of cutting-edge crop production techniques.

AeroFarms, Freight Farms, Plenty, CropOne, Badia Farms, Intelligent Growth Solution, Osram GMBH, Koninklijke Philips N.V., and Urban Fresh Farms are the top market participants in the Middle East Vertical Farming Market.

Market Key Developments

  • In February 2023, A joint venture agreement was inked by the Public Investment Fund (PIF) of Saudi Arabia and the US sustainable agriculture firm AeroFarms to construct indoor vertical farms throughout the Middle East and Africa.
  • In August 2022, the record introduction of lighting technology solutions to Israel's medical cannabis facilities is being supported by Fluence Bioengineering, Inc. (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, in partnership with REMY, a horticultural lighting supplier to Israel's expanding agriculture industry.

Middle East And Africa Indoor Farming Market Scope:

 

Report Metric Details
 Growth Rate  CAGR during the forecast period
 Base Year  2021
 Forecast Period  2023 – 2028
 Forecast Unit (Value)  USD Billion
 Segments Covered  Growing System, Component, Facility Type, And Crop Type, And Country
 Regions Covered
Saudi Arabia, UAE, Israel, Others
 Companies Covered AS Agri and Aqua LLP, Sarya Holdings, Green Fields, Fluence’s, REMY, Mishkat, Mowreq
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Growing System
    • Hydroponics
    • Aeroponics
    • Aquaponics
    • Soil-based
    • Hybrid
  • By Component
    • Hardware
    • Software
    • Services
  • By Facility Type
    • Glass or Poly Greenhouse
    • Indoor Vertical Farm
    • Container Farm
    • Indoor DWC System
  • By Crop Type
    • Fruits and Vegetables
    • Herbs and Microgreens
    • Flowers and Ornamentals
    • Others
  • By Country
    • Saudi Arabia
    • UAE
    • Israel
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. MIDDLE EAST AND AFRICA(MEA) INDOOR FARMING MARKET ANALYSIS, BY GROWING SYSTEM

5.1. Introduction

5.2. Hydroponics

5.3. Aeroponics

5.4. Aquaponics

5.5. Soil-based

5.6. Hybrid

6. MIDDLE EAST AND AFRICA(MEA) INDOOR FARMING MARKET ANALYSIS, BY COMPONENT

6.1. Introduction

6.2. Hardware

6.3. Software

6.4. Services

7. MIDDLE EAST AND AFRICA(MEA) FARMING MARKET ANALYSIS, BY FACILITY TYPE

7.1. Introduction

7.2. Glass or Poly Greenhouse

7.3. Indoor Vertical Farm

7.4. Container Farm

7.5. Indoor DWC System

8. MIDDLE EAST AND AFRICA(MEA) INDOOR FARMING MARKET ANALYSIS, BY CROP TYPE

8.1. Introduction

8.2. Fruits and Vegetables

8.3. Herbs and Microgreens

8.4. Flowers and Ornamentals

8.5. Others

9. MIDDLE EAST AND AFRICA(MEA) INDOOR FARMING MARKET ANALYSIS, BY COUNTRY

9.1. Introduction

9.2. Saudi Arabia

9.3. UAE

9.4. Israel

9.5. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. COMPANY PROFILES

11.1. AS Agri and Aqua LLP.

11.2. Sarya Holdings.

11.3. Green Fields

11.4. Fluence’s

11.5. REMY

11.6. Mishkat

11.7. Mowreq


AS Agri and Aqua LLP.

Sarya Holdings.

Green Fields

Fluence’s

REMY

Mishkat

Mowreq