| Label | Fruits & Vegetables | Floriculture |
|---|---|---|
| 2018 | 179.3 USD Mn | 148.0 USD Mn |
| 2019 | 208.6 USD Mn | 173.4 USD Mn |
| 2020 | 242.9 USD Mn | 203.4 USD Mn |
| 2021 | 283.6 USD Mn | 239.2 USD Mn |
| 2022 | 332.0 USD Mn | 282.2 USD Mn |
| 2023 | 390.4 USD Mn | 334.3 USD Mn |
| 2024 | 461.4 USD Mn | 398.0 USD Mn |
Data Source: Wantstats Repository
fruits and vegetables segment accounted for the larger market share in 2018, this market is expected to reach USD 461.40 Million in 2024 from USD 179.30 Million in 2018. This market is projected to grow at a CAGR of 17.21% during the forecast period from 2019 - 2024. However, floriculture segment is the fastest growing market, which is expected to grow at a CAGR of 18.08% during the forecast period 2019 - 2024.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Global Horticulture Lighting market [2018-2024] Middle East and Africa by Cultivation
