Middle East & Africa Indoor Farming Market Size & Outlook
Middle East & Africa indoor farming market, 2018-2030 (US$M)
Related Markets
MEA indoor farming market highlights
- The MEA indoor farming market generated a revenue of USD 2,780.7 million in 2023.
- The market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, greenhouses was the largest revenue generating facility type in 2023.
- Vertical Farms is the most lucrative facility type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 2,780.7 million |
| Market revenue in 2030 | USD 5,431.6 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Greenhouses |
| Fastest growing segment | Vertical Farms |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Greenhouses, Vertical Farms |
| Key market players worldwide | Argus Worldwide Corp, Denso Corp, Richel Group, Netafim, HydroDynamics, Signify NV, Hydroponics, Illumitex, LumiGrow, Bowery Farming |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.3% of the global indoor farming market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 27,686.8 million by 2030.
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Indoor Farming Market Scope
Indoor Farming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa indoor farming market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to indoor farming market will help companies and investors design strategic landscapes.
Greenhouses was the largest segment with a revenue share of 72.67% in 2023. Horizon Databook has segmented the Middle East & Africa indoor farming market based on greenhouses, vertical farms covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Indoor Farming Facility Type Outlook (Revenue, USD Million, 2018-2030)
- Greenhouses
- Vertical Farms
- Shipping Container
- Building-based
- Others
- Middle East & Africa Indoor Farming Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Climate Control Systems
- Lighting Systems
- Sensors
- Irrigation Systems
- Software
- Web-Based
- Cloud-Based
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
- Hardware
- Middle East & Africa Indoor Farming Growing Mechanism Outlook (Revenue, USD Million, 2018-2030)
- Aeroponics
- Hydroponics
- Aquaponics
- Middle East & Africa Indoor Farming Crop Category Outlook (Revenue, USD Million, 2018-2030)
- Fruits Vegetables, & Herbs
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens (excluding lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others (Cannabis, Microgreens)
- Fruits Vegetables, & Herbs
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Target buyers of Middle East & Africa indoor farming market databook
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Our clientele includes a mix of indoor farming market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa indoor farming market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa indoor farming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Indoor Farming Market Outlook Share, 2023 & 2030 (US$M)
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