Report

UAE vertical farming market is anticipated to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising popularity of organic foods owing to increasing health consciousness among the population. Besides, the growing utilization of balanced energy and increasing food security concerns are supporting the growth of the UAE vertical farming market. Additionally, a decrease in arable land and ease of crop monitoring and harvesting with the use of advanced technologies are contributing to the growth of the UAE vertical farming market during the forecast period. The country's rapidly increasing urban population and tourist footfall are expected to boost the UAE vertical farming market in the coming years.

Hydroponics is a method of growing food without the use of soil. Plants are grown using a mineral solution in water placed around the plant roots in this technique. The Middle East's growing water crisis is the key cause driving the increased need for hydroponic technologies. The hydroponic growing process is thought to help eliminate the risk of soil organisms producing illnesses. Furthermore, it is a more cost-effective strategy than other growth mechanisms and provides a higher return on investment. In the event of a power outage, plants grown using the hydroponic mechanism can survive for a longer time since they are regularly supplied with nutrients and water.

The growing need for food security in the UAE is driving vertical farming market expansion. According to the report, nearly 80 percent of the UAE's population are migrant residents, and this percentage is rapidly increasing throughout the country. The rising demand for food to feed such a large population with diverse taste palates increases the popularity of alternative farming approaches. Additionally, hydroponic systems enable farmers to manage plant growth and nutrient availability, thereby helping the country's sustainable, affordable, and healthy food systems.

Vertical farming yields more than normal farming, allowing for the production of locally fresh green vegetables. Greenhouses allow plants to obtain the ideal heat, humidity, light, and other conditions for the crop, accelerating market growth. Furthermore, plants in vertical farming are piled high in trays, allowing the farm to produce more leafy crops in less space. A farmer can produce more plants in less space by stacking plants vertically. Researchers are working to integrate indoor vertical farming into the specialty-crop category to develop the agricultural industry, which is projected to benefit the UAE vertical farming market.

The UAE vertical farming market segmentation is based on structure, growth mechanism, application, regional distribution, and competitive landscape. Based on structure, the market is bifurcated into building-based vertical farms and shipping container vertical farms. The shipping container vertical farms segment is expected to hold the largest share in the UAE vertical farming market as they are widely used to grow various vegetables and fruits such as leafy greens, mushrooms, and strawberries.

Major players operating in the UAE vertical farming market are AS Agri and Aqua LLP, Sarya Holdings, Crop One Holdings & Emirates Flight Catering, Madar Farms, GreenFactory Emirates, UNS Vertical Farms, AeroFarms AgX LTD, among others.

Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of the UAE vertical farming market from 2017 to 2021.
- To estimate and forecast the market size of UAE vertical farming market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast the UAE vertical farming market based on structure, growth mechanism, application, region, and company.
- To identify the dominant region or segment in the UAE vertical farming market.
- To identify drivers and challenges for the UAE vertical farming market.
- To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in the UAE vertical farming market.
- To identify and analyze the profiles of leading players operating in the UAE vertical farming market.
- To identify key sustainable strategies adopted by market players in UAE vertical farming market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies, which could not be identified due to the limitations of secondary research. TechSci Research analyzed the companies and presence of all major players across the country.
TechSci Research calculated the market size of the UAE vertical farming market using a bottom up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as companies and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, UAE vertical farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- UAE Vertical Farming Market, By Structure:
o Building-Based Vertical Farms
o Shipping Container Vertical Farms
- UAE Vertical Farming Market, By Growth Mechanism:
o Hydroponics
o Aeroponics
o Aquaponics
- UAE Vertical Farming Market, By Application:
o Outdoor
o Indoor
- UAE Vertical Farming Market, By Region:
o Dubai
o Sharjah
o Abu Dhabi
o Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE vertical farming market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).