August 1st, 2022
The Industry insights of the “Middle East & Africa Vertical Farming Market” Research Outlook 2027” help with the successful launch of a new product. This market report efficiently collects, analyses, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.
According to the report titled "Middle East & Africa Vertical Farming Market Outlook, 2027", published by Actual Research, the vertical farming market is expected to expand at a CAGR of 21.26% from 2022 to 2027. Vertical farms offer the prospect of growing more produce locally and making better use of the region’s limited water resources. These factors are projected to lead to the overall market growth during the forecast period. The Middle East & Africa vertical farming market is segmented into three prominent countries, including the UAE, Saudi Arabia, and South Africa. Among these countries, South Africa is projected to lead the market by 2027 with more than 20% market share. As agricultural land is limited in South Africa, vertical farming is gaining more traction in the country. Vertical farming can supply fresh food for those who cannot farm or whose soil conditions are not suitable for farming. Also, with the limited water resources in South Africa, they can grow more crops through vertical farming (as it consumes up to 95% less water than traditional farming). Furthermore, in South Africa, Pick Pay On Nicol in Sandton and Pick n Pay Constantia in Cape Town are the first stores to launch vertical farms.
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Major Companies present in the market:
AeroFarms, Agrilution, American Hydroponics, Sky Greens, Freight Farms, GP Solutions, Inc., Farm.One, Inc., Pentair Aquatic Eco-systems Inc., NutraPonics Canada Corporation, Nelson and Pade, Inc., ECF Farm systems GmbH, Signify Holding, Heliospectra AB, Lumigrow, Inc., OSRAM GmbH., Crop On Holdings, Plenty Unlimited Inc., Urban Crop Solutions, Brightfarms, Inc.,
Considered in this report
• Geography: Middle East & Africa
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Middle East & Africa Vertical Farming Market with its value and forecast along with its segments
• Country wise vertical farming market analysis
• Application wise vertical farming distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Strategic recommendation Regions covered in the report
• Saudi Arabia
• South Africa
Based on Growth Mechanism of vertical farming in the report:
Covid-19 impact: The impact of COVID-19 on major economies in the Middle East and Africa region was severe. Due to growing infections, the government imposed a lockdown across various regions and the Middle East & Africa was one of them. Social distancing norms and work from home scenarios have resulted in a lower labor force and a drop in the revenue generation for major production plants. The supply chain was also heavily affected across the whole region. However, by the first quarter of 2021, market players regained their manufacturing at a higher pace to remain in the competition. Also, a change in consumer preference and high demand for organic food has fuelled the market growth in the Middle East and Africa.
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Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
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7. What are the major companies in Middle East & Africa Vertical Farming Market Outlook Report, 2027?
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Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Vertical Farming Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Growth Mechanism
5.2.5. By Structure
5.2.6. By Component
5.2.7. By Application Type
5.2.8. By Crop Type
6. Middle East & Africa Vertical Farming Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Growth Mechanism
6.2.3. By Structure
6.3. UAE Vertical Farming Market OutlookContinue………..
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