UAE Agritech Market

UAE Agritech market was estimated to be USD xx Million in 2022 and is anticipated to touch USD xx Million by the end of 2030, while increasing at a CAGR of 15% to 20% during the forecast period (2023-2030).

UAE Agritech Market Overview

Agritech involves the use of technologies that helps in improving the output of agriculture. The usage of technology focuses on improving farming through information such as monitoring and analysis of weather, pests, soil and air temperature. Some of the technologies include drones, sensors, light and heat control, automated irrigation among others.

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Major UAE Agritech Market Drivers

Favourable government policies stand to be one of the key factors that is supporting the growth of the agritech market. Government initiatives such as the UAE National Food Security Strategy 2051 launched in 2018 specifically aims to implement resilient practices in Agritech sector that increase productivity and production, and help maintain ecosystem. The UAE government aims to increase its domestic food production by 30% by 2021. The $272 Million program allocated funding to agri-tech companies aims to reduce reliance on the global supply chain and put less pressure on scarce natural resources through large-scale cultivation like freshwater resources and organic matter in the soil.

Increasing demand for advanced technologies in the agriculture sector will further elevate the market growth in the coming years. The UAE government is extremely focused on agri-technologies that puts less pressure on already scarce natural resources pleasant for large-scale cultivation like freshwater resources and organic matter in the soil. Using the drone technology, the UAE government partnered with the Falcon Eye Drones Services (FEDS) to undertake a massive drone seeding initiative in 2019 that planted 250,000 Ghaf seeds and 6 Million mar seeds in 150 sq km of land in the country.

Restraint in the UAE Agritech Market

High initial investment stands to be another factor that acts as a market barrier. These technologies are expensive, thereby making it unaffordable for smaller farmers. The latest technology can be accessed only by extensive and industrialized farms due to the high technology cost. The technology used in agritech in the country is 25% more expensive than the traditional vegetables imported from other countries.

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Application – Segment Analysis

Based on application, Precision Agriculture and Farm Management accounted for the lion’s share of the agritech market in 2019. Linkages between enterprises and value chain actors such as input suppliers, retailers, wholesalers and traders are established to strengthen entrepreneurs. The Agritech companies are identifying the potentials for business relationships in the value chain and  market linkages in order to ensure sustainability.

Agriculture Type – Segment Analysis

Based on the agriculture type, the greenhouse segment is expected to witness a faster growth during the forecast period. Greenhouses have been used in the United Arab Emirates (UAE) to produce vegetables that contribute toward UAE food security, including offering fresh vegetable produce in the off-season. For example, the Al-Ain is the Al Dahra BayWa Greenhouse, which was inaugurated in 2018, is expected to produce 3,000 tonnes of tomatoes locally. The greenhouse is part of Dh167 million joint venture between Germany’s BayWa and Abu Dhabi-based Al Dahra. Furthermore, in 2020 Smart Acres supported the UAE’s food security program by using high-tech vertical farming in its greenhouse to produce approximately 8,000 kilograms of lettuce per cycle. Such factors are expected to drive the demand and increase popularity of greenhouses in the coming years.

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Top Market Players

Some of the leading players operating in the market include Pure Harvest Smart Farms, Madar Farms, Elite Agro LLC, Alltech, AeroFarms, VeggiTech, Pegasus Agritech, Responsive Drip Irrigation, LLC, Farmin, Unsfarms.

Key Developments:

• • In 2020, Madar Farms partnered with Narinport, FreshOnTable, and Barakat to deliver its microgreens directly to consumers across the country. This partnership is aimed to make the company’s produce available directly to consumers for the first time and reach out to even more people across the UAE.
  • In 2020, AeroFarms announced to build a research & development indoor vertical farm in Abu Dhabi as a part of Agritech investment done by Abu Dhabi Investment Office (ADIO). The farm would be dedicated to the state-of-the-art R&D and commercialization of relevant local crops, which utilizes the company’s expertise and proprietary indoor vertical farming technology.

Segments covered in the Report:

The Agritech market is segmented into application and agriculture type. Based on application, the market has been segmented into Market Linkages – Farm Inputs, Precision Agriculture and Farm Management, Quality Management and Traceability, Supply Chain Tech and Output Market Linkages, Financial Services. Based on the agriculture type, the market has been segmented into Precision Farming, Livestock, Aquaculture, Greenhouse, Horticulture.

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Market Segmentation

UAE Agritech Market by Application

• • Market Linkages – Farm Inputs
  • Precision Agriculture and Farm Management
  • Quality Management and Traceability
  • Supply Chain Tech and Output Market Linkages
  • Financial Services

UAE Agritech Market by Agriculture Type

• • Precision Farming
  • Livestock
  • Aquaculture
  • Greenhouse
  • Horticulture