MENA Aquaponic and Hydroponic Farming Market: Current Analysis and Forecast (2023-2030)
Emphasis on System Type (Nutrient Film Technique (NFT), Deep Water Culture (DWC), Media-Based Systems, Others); Cultivation (Fruits and Vegetables, Fish, Herbs, Flowers) End-User (Commercial, Home Production, Research & Education); Country
The MENA Aquaponic & Hydroponic Farming market was valued at USD 254.56 Million in 2022 and is expected to grow at a strong CAGR of around 15.78% during the forecast period (2023-2030) owing to the rising global demand for food and a rapid increase in urbanization coupled with the growing adoption of aquaponic & hydroponic farming in commercial, education, and other sectors. Majorly, the region faces significant challenges related to water scarcity and arable land availability that drive the growth of the market. As per the data of UN Food and Agriculture Organisation, in 2021, over 51 million people are suffering from hunger in Arab nations. Moreover, the Middle East (including North Africa) accounted for 20% of the world’s acutely food insecure people in 2020. The arid climate in the MENA region makes traditional farming difficult, making hydroponics and aquaponics appealing due to their ability to thrive in controlled environments.
Some of the major players operating in NIZINE GENERAL TRADING L.L.C, Emirates Hydroponics Farms, Mowreq, Crop One, Intelligent Growth Solutions Limited, NETAFIM, Madar farms, BADIA FARMS, AeroFarms, Pentair Aquatic Eco-Systems. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst application, the nutrient film technique segment held the largest share of the market in 2022.”
Based on the system type, the market is segmented into the nutrient film technique (NFT), deep water culture (DWC), media-based systems, and others. The nutrient film technique held the largest share of the market in 2022. This is mainly due to the NFT is particularly well-suited for the arid climate and water scarcity prevalent in the region. This method involves a thin film of nutrient-rich water flowing over the plant roots, providing them with essential nutrients. In the MENA region, where traditional soil-based agriculture faces challenges due to water scarcity, NFT stands out as a sustainable solution, contributing to increased agricultural productivity and water conservation.
“Amongst end-user, the home production is expected to grow with a significant CAGR during the forecast period (2023-2030).”
By end-user, the aquaponic & hydroponic market has been classified into commercial, home production, research & education. Home production is expected to grow with a significant CAGR during the forecast period (2023-2030). This is mainly due to the adoption of hydroponics and aquaponics fueled by a desire for self-sufficiency, especially in urban areas where space constraints and environmental challenges can limit traditional gardening. Home-based systems provide individuals with the opportunity to grow fresh produce in controlled environments, irrespective of external factors.
“UAE dominated the market.”
The aquaponic & hydroponic farming market in the United Arab Emirates (UAE) has witnessed significant growth in recent years. In the UAE, the growth of hydroponics and aquaponics farming is primarily driven by the region’s challenging environmental conditions, including arid landscapes and water scarcity. Hydroponics, which involves cultivating plants without soil, allows for precise control of water and nutrient delivery, making it a sustainable solution in water-scarce areas like the UAE. Additionally, the government’s focus on food security and sustainable agriculture has incentivized the adoption of innovative farming methods, contributing to the expansion of hydroponics in the region.
MENA Aquaponic and hydroponic farming Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The MENA Aquaponic and hydroponic farming market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the MENA Aquaponic and Hydroponic Farming Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the MENA Aquaponic and hydroponic farming market were the three major steps undertaken to create and analyze the adoption of MENA Aquaponic and hydroponic farming in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the MENA Aquaponic and hydroponic farming market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the MENA Aquaponic and hydroponic farming market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the MENA Aquaponic and hydroponic farming market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major regions. Major segments are included in the report as system type, cultivation, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the MENA Aquaponic and hydroponic farming market. Further, we conducted factor analysis using dependent and independent variables such as system type, cultivation, and end-user of the MENA Aquaponic and hydroponic farming market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the MENA Aquaponic and hydroponic farming market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA Aquaponic and hydroponic farming market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the MENA Aquaponic and hydroponic farming market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the MENA Aquaponic and hydroponic farming market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Key Stakeholders of Aquaponic and Hydroponic Farming Market in the MENA Region
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the MENA aquaponic and hydroponic farming market. The data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the system type, cultivation, and end-user of the MENA aquaponic and hydroponic farming market.
The main objective of the MENA aquaponic and hydroponic farming Market Study
The current & future market trends of the MENA aquaponic and hydroponic farming market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the MENA aquaponic and hydroponic farming market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the system type, cultivation, and end-user
- Define and analysis of the regulatory framework for the MENA aquaponic and hydroponic farming industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the MENA aquaponic and hydroponic farming market for the major region
- Major countries of regions studied in the report include Saudi Arabia, UAE, Egypt, Kuwait, and the Rest of MENA
- Company profiles of the MENA aquaponic and hydroponic farming market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the MENA Aquaponic and hydroponic farming market?
Q2: What are the driving factors for the growth of the MENA Aquaponic and hydroponic farming Market?
Q3: Which segment has the largest share of the MENA aquaponic and hydroponic farming market by end-user?
Q5: Which country will dominate the MENA Aquaponic and hydroponic farming market?
Q6: Who are the key players operating in the MENA Aquaponic and hydroponic farming market?
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