Market Overview: Middle East Vertical Farming Market
According to the latest report from MarkNtel Advisors, the Middle East Vertical Farming Market is projected to grow at a CAGR of around 18.76% during the forecast period, i.e., 2022-27. The report to assist stakeholders in better understanding supply and demand dynamics and how they affect the sector.
Professionals in the industry have conducted a thorough and comprehensive analysis of the Middle East Vertical Farming market report, which has been presented in a way that highlights the most important facts. The most up-to-date data on the market is the primary emphasis of the research. It includes a number of significant topics, such as corporate profiles, mergers and acquisitions, financial status, and feasibility research. It offers thorough details on industry chain analysis, marketing routes, and raw material costs. Stakeholders can learn more about valuable. In addition, it provides a comprehensive picture of the market dynamics by illuminating the strategic actions made by organizations, their profiles, and the entire industry value chain.
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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.
Scope of the Middle East Vertical Farming Market Report:
Within the market under study, the report looks at the numerous applications, product/services, market value, and production capacity. In addition, it provides a thorough SWOT analysis, a threat and opportunity analysis, and a summary of the leading areas. Through this, stakeholders may find out more about the market potential for application, diversity of products/services, and market value. In addition, the research offers an evaluation of the opportunities, threats, weaknesses, and strengths, enabling stakeholders to comprehend the market environment and make wise decisions.
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The study looks closely at the tactics used by major firms to fit in with particular location trends. It also offers comprehensive details regarding the competitive environment, highlighting well-known producer’s/service providers and evaluating the effects of their strategies on the industry. Through a close examination, the research provides insightful analysis of the competitive dynamics, allowing stakeholders to comprehend the primary drivers of market rivalry and the consequences for their own business plans.
With an emphasis on the market, it provides comprehensive information about the most representative areas, such as sales volume, revenue, price, and gross margin. The factual conclusion of the report aids readers in quickly reviewing the key conclusions and issues.
Competitive Landscape Segmentation Analysis:
In order to provide a clear picture of the competitive environment of the studied industry, we conducted a detailed analysis of both the major players and the important geographical area, small- and medium-sized businesses with significant growth potential. This Middle East Vertical Farming market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore, discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.
- AeroFarms
- Freight Farms
- Plenty
- CropOne
- Badia farms
- Intelligent Growth Solution
- Osram GMBH
- Koninklijke Philips N.V
- Urban Fresh Farms
- Others
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By identifying the high-growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities. From a strategic perspective, it looks at each submarket's unique growth trajectory and market share.
-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
-By Country
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
In case you missed it, we are currently revising our reports. Click on the "request customization report" button to get the latest research data with forecast for the years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.
Key Benefits for Stakeholders:
- To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the Middle East Vertical Farming market analysis from 2022-27.
- Information on the main factors driving the market as well as the obstacles and possibilities are provided.
- The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter's five forces analysis.
- A comprehensive examination of the Middle East Vertical Farming market segmentation aids in identifying the dominant market opportunities.
- Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
- The research analyzes market trends for the Middle East Vertical Farming industry on a geographical scale, as well as the major competitors, market segments, and industry expansion tactics.
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MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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