Middle East & Africa Vertical Farming Market Is anticipated to grow with the CAGR of more than 21.26% by 2027
The Industry insights of the “Middle East & Africa Vertical Farming Market” Research Outlook 2027” help with the successful launch of a new product. This market report efficiently collects, analyses, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.
According to the report titled "Middle East & Africa Vertical Farming Market Outlook, 2027", published by Actual Research, the vertical farming market is expected to expand at a CAGR of 21.26% from 2022 to 2027. Vertical farms offer the prospect of growing more produce locally and making better use of the region’s limited water resources. These factors are projected to lead to the overall market growth during the forecast period. The Middle East & Africa vertical farming market is segmented into three prominent countries, including the UAE, Saudi Arabia, and South Africa. Among these countries, South Africa is projected to lead the market by 2027 with more than 20% market share. As agricultural land is limited in South Africa, vertical farming is gaining more traction in the country. Vertical farming can supply fresh food for those who cannot farm or whose soil conditions are not suitable for farming. Also, with the limited water resources in South Africa, they can grow more crops through vertical farming (as it consumes up to 95% less water than traditional farming). Furthermore, in South Africa, Pick Pay On Nicol in Sandton and Pick n Pay Constantia in Cape Town are the first stores to launch vertical farms.
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