The rise in technological advancements and the surge in rapid urbanization are key factors driving the UAE Vertical Farming Market during the forecast period of 2024-2028.
According to TechSci Research report, “UAE Vertical Farming Market – By Region, Competition, Forecast and Opportunities, 2018-2028F”, the UAE Vertical Farming Market stood at USD36.25 million in 2022 and is anticipated to grow with a CAGR of 4.05% in the forecast period, 2023-2028. The initiatives taken by government based on vertical farming has led to favorable market conditions for the UAE Vertical Farming Market. Several factors contribute to the growth of various vertical farming market products.
The Abu Dhabi Investment Office (ADIO) and other state entities have made significant investments in the field of vertical farming, recognizing its potential for sustainable and efficient food production. As part of these initiatives, the government of Abu Dhabi has recently announced its support for four vertical farming projects, allocating a fund of US$100 million to drive innovation and growth in this sector.
In line with its commitment to fostering collaboration between local and international entities, the UAE government has actively encouraged partnerships in the vertical farming industry. One notable example is the successful joint venture between Emirates Flight Catering and Crop One, a leading U.S.-based company specializing in vertical farming. Together, they have established a cutting-edge vertical farm that specializes in the production of fresh and nutritious leafy greens, contributing to the UAE’s efforts in promoting food security and sustainability.
The rise in investments in vertical farming is propelled by several factors, one of which is the growing demand for this innovative agricultural practice. As part of these investments, substantial funds are allocated to research and development efforts aimed at continuously improving farming techniques, enhancing crop variety, and maximizing production efficiency. These advancements in vertical farming not only contribute to the overall growth of the agricultural sector but also foster sustainable food production and security in the UAE.
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The UAE Vertical Farming Market is segmented in structure, growth mechanism, regional distribution, and company. Based on its structure, the building-based vertical farms segment held the largest share in the market. Building-based vertical farms offer the advantage of a controlled environment, which is particularly beneficial in the UAE, a region known for its harsh climate conditions. These farms utilize advanced technology and innovative systems to maintain optimal temperature, humidity, and light conditions throughout the year, completely independent of external weather conditions. By closely monitoring and regulating these growing conditions, these vertical farms ensure consistent and ideal conditions for plant growth, resulting in the production of high-quality and nutritious crops.
Additionally, the controlled environment allows for year-round cultivation, reducing the reliance on seasonal variations and ensuring a steady supply of fresh produce regardless of the time of year. With their ability to overcome the challenges posed by the climate and provide a sustainable solution for food production, building-based vertical farms are revolutionizing agriculture in the UAE and beyond.
Based on region, Dubai segment is expected to grow during the forecast period.
Dubai’s vertical farming industry has experienced significant growth and success, thanks to the establishment of strategic partnerships with key players in the field. One notable example is Bustanica, which made waves last year with the introduction of its state-of-the-art vertical farm in Dubai. This pioneering initiative has quickly become one of the largest of its kind globally, showcasing Dubai’s commitment to innovation and sustainability.
These collaborative efforts between industry leaders and innovative startups are not only driving technological advancements but also fostering continuous growth and development in the vertical farming sector. The future looks promising as Dubai continues to pave the way for cutting-edge agricultural practices that address the challenges of food security and environmental sustainability.
Major companies operating in UAE Vertical Farming Market are:
- AS Agri and Aqua LLP
- Madar Farms
- GreenFactory Emirates
- UNS Vertical Farms
- AeroFarms AgX LTD
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“Growing application of vertical farming in various end user industries are key drivers of the vertical farming market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of vertical farming with every passing year are anticipated to register an impressive growth to UAE Vertical Farming Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Vertical Farming Market By Structure (Building-Based Vertical Farms, Shipping Container Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of UAE Vertical Farming Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE Vertical Farming Market.
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