GCC Hydroponic Market Size
GCC Hydroponic Market is expected to reach US$ 614.05 million by 2032 up from US$ 202.69 in 2023, having a compound annual growth rate (CAGR) of 13.11% from 2024 to 2032, due to the growing incorporation of hydroponics in the agriculture sector of the area.GCC Hydroponic Market
Hydroponics can be characterized as a relatively new development in the agricultural industry that is quite popular in the contemporary GCC market because of the climate and limited available agricultural land. It entails the practice of plant cultivation where plants are made to develop without soil, but rather cultivating the plants using mineral nutrient solutions dissolved in water. Thus, it offers a systematic way of regulating both the amount of nutrient solution and its composition, the pH level, as well as the light and temperature of the growing environment.The agricultural technique known as hydroponics is efficient in addressing the environmental issues of the GCC nations. Hydroponics seeks to change the traditional farming processes in aspects of water supply and heat stress differ. It is a water-saving process and environmentally friendly method that allows growing crops, profitable all year round, but for seasonal weather conditions.
Hydroponics has various benefits, one of which includes accessibility to clients in different places and at different time of the year. It can also be conducted in different environments starting from streets and ending with specifically equipped enclosed spaces. It does so whilst also encouraging local agriculture and food production, thus greatly helping the GCC region to cut down on its imports of food products. Considering the fact that the enhancement of food security and sustainability of the region is on the agenda, hydroponics is a multifunctional and rather perspective innovation in the sphere of increasing the productivity and stability of the agricultural industry.
Driving Factor in the GCC Hydroponic Market
Hydroponics saves water compared to conventional farming methods
Hydroponics is indeed a very efficient system in GCC countries because of its efficiency in using water more than the traditional methods of farming. With this technology, maximum control in the delivery of nutrients to the crops and water can be achieved due to its effectiveness in dry regions where water is scarce. Hydroponic reduces the use of water in agriculture by as much as 90% with assurance of equal yields as it is conventionally used. This makes it particularly advantageous for areas like the GCC where sustainable agriculture practice is vital in the achievement of the food security goals besides the reduction of sizes rely on imported foods. When it comes to demand for local fresh produce in urban areas, hydroponics provide a viable and yet sustainable system of feeding growing population in an area of water deficiency.Hydroponics enables year-round local production, decreasing the reliance on imports and enhancing food security
Hydroponics is an environment friendly system that promotes growth of produce throughout the year thus alleviating the dependence on imports on food security in GCC. Hydroponics is a technique of cultivating plants under controlled conditions without the use of soil. This enhances the availability of the products in the market all the year round despite the different seasons. It cuts down considerably the carbon emissive costs that are inevitably incurred when food needs to be transported a long distance and hardly depends on external sources. Therefore, depending on a particular product, the local communities are enabled to rely on the product to sort out their nutrition needs. That is why the acceptance of hydroponics could provide a much stronger and stable food supply chain that will grant people the ability to consume local and fresh foods instead of relying on imports. The consequences of this in the future years can be crucial. Population of the Gulf Cooperation Council (GCC) is expected to touch the 58.3 million people by the year 2030 and 72.3 million by 2050. The leaders in the region are keen on formulating ways to providing for the growing population. They are putting their capital in resources that can eliminate climatic disapplying to farming whereby hydroponic farming methods appear to be a solution.
GCC governments actively promote and invest in hydroponic farming
GCC governments have embarked on intensive promotion and investment in hydroponic farming as a sound mitigation measure to the climate and water scarcity challenges. Their objective is to bring about improvement in production of foods locally, thereby decreasing the importation of foods and improving the food security of their people. The GCC governments encourage hydroponic farming due to its efficiency in farming and it solves the aforementioned challenges. In 2023, Oman based company NKK entered into a joint venture with an American agritech firm where Oman importing hydroponic and vertical farming technology with an aim of enhancing the country’s food production and in the process thereof minimizing the costs of future imports.UAE Hydroponics Market
The hydroponics market in the United Arab Emirates is thriving due to the region's arid climate and scarcity of arable land. Governmental and private investments in hydroponics infrastructure have led to the cultivation of various crops, and the UAE government's support for food security has further promoted the adoption of hydroponics farming. Financial incentives and ongoing research and development programs drive the region's long-term sustainability and productivity of hydroponic agriculture. Dubai has become a leading force in the hydroponics market. Through forward-thinking agricultural strategies, Dubai has effectively addressed the challenges of arid conditions and water scarcity. The city has actively promoted sustainable and self-sufficient food production systems by utilizing innovative techniques and cutting-edge technologies.GCC Hydroponics Company Analysis
The top Hydroponics companies in the GCC are AeroFarms, AmHydro, Freight Farms, Green Sense Farms Holdings Inc, LumiGrow, Unrivaled Brands Inc, BrightFarms, The Scotts Company LLC, Hydrodynamics International, and Signify Holding.GCC Hydroponics Company News
In 2022, the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) signed two Musataha agreements with two local private companies to build and operate two farms in Abu Dhabi, totaling USD 84.3 million.Type - Market breakup in 2 viewpoints:
- Aggregate Systems
- Liquid Systems
Crop Type - Market breakup in 6 viewpoints:
- Tomatoes
- Herbs
- Lettuce
- Cucumbers
- Peppers
- Others
Equipment - Market breakup in 6 viewpoints:
- HVAC
- LED Grow Light
- Irrigation Systems
- Material Handling
- Control Systems
- Others
Region: Market breakup into 6 viewpoints
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
All the key players have been covered from 5 Viewpoints:
- Key Person
- Overview
- Recent Development & Strategies
- Product Portfolio
- Revenue
Company Analysis
- AeroFarms
- AmHydro
- Freight Farms
- Green Sense Farms Holdings, Inc.
- LumiGrow
- Unrivaled Brands Inc
- BrightFarms
- The Scotts Company LLC
- Hydrodynamics International
- Signify Holding
Table of Contents
Companies Mentioned
- AeroFarms
- AmHydro
- Freight Farms
- Green Sense Farms Holdings, Inc.
- LumiGrow
- Unrivaled Brands Inc
- BrightFarms
- The Scotts Company LLC
- Hydrodynamics International
- Signify Holding
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...
