Qatar Agriculture Market Growth Strategies and Major Companies Analysis till 2028
The Qatar agriculture market was strong in 2020 and is projected to continue growing at a double-digit revenue CAGR due to factors such as population growth, increasing food demand, government initiatives to achieve self-sufficiency in agricultural production, and the adoption of advanced agricultural methods like indoor organic farming and vertical farming. The rise in smart agricultural practices, such as smart irrigation and hydroponics and aquaponics systems, as well as the development of greenhouse farms, have also contributed to market growth.
Although Qatar's arid climate and scarcity of arable land has historically made farming difficult, the country has seen a rise in agricultural activities in recent years, supported by government efforts to increase food production and reduce dependence on food imports. This has led to an increase in dairy farming, fish farming, and livestock production. The government's programs, policies, and collaborations with leading companies worldwide are expected to create further growth opportunities in the Qatar agriculture market.
The report segments the market by product type, crop type, soil type, and farming type. The fruits & vegetables segment is the most dominant in terms of market revenue due to rising demand for food and increasing agricultural activities across the country. The organic farming segment is expected to achieve the highest revenue share over the forecast period due to growing awareness about the benefits of fresh organic produce, the emergence of GCC Standardization Organization (GCC) guidelines for farming practices, and the rising number of organic farms in the country.
The report also profiles leading companies in the Qatar agriculture market, including Agrico Agricultural Development, Arab Qatari Agricultural Production Company, and Qatarat Agricultural Development Company, among others. It provides historical data points and forecasts for revenue growth at a country level and offers analysis, industry trends, and consumption pattern details for each segment from 2018 to 2028. The report includes industry analysis and competitive landscape, company financials, and impact analysis.
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Qatar Agriculture Market: Drive factors
The Qatar agriculture market is expected to experience double-digit revenue growth over the forecast period, driven by various factors. One of the main drivers is the rapidly rising population and increasing demand for food, which is putting pressure on the country to become self-sufficient in agricultural production. Another factor is the adoption of advanced agricultural techniques, such as indoor organic farming and vertical farming, which enable farmers to grow crops in a controlled environment.
Moreover, the market growth is further fueled by the increasing adoption of smart agricultural practices, including smart irrigation and hydroponics, aquaponics systems, and greenhouse farms. The Qatar government has also been implementing supportive policies and programs based on food security, and collaborating with leading companies worldwide to develop novel technologies to overcome the water crisis in the country.
However, the unfavorable climatic conditions in Qatar, such as the harsh climate, high temperature and low rainfall ranges, dearth of fertile and arable agricultural land, and increasing water supply crisis, are expected to hinder the market growth in the near future.
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