Microgreens Market Size, Share, Trend, Growth, And Forecast 2022 to 2030 | Taiwan News | 2022-09-08 05:50:13

2022-09-10 20:41:31 By : Ms. ruocin Kang

The global microgreens market size was US$ 894.1 million in 2021. The global microgreens market is projected to grow to US$ 2,491 million by 2030 by registering a compound annual growth rate (CAGR) of 12.1% during the study period; 2022-2030.

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COVID-19 has significantly upsurged the need for microgreens as the need to look over health increased substantially. As a result, the demand for essential food products like broccoli, cabbage, cauliflower, basil, etc., increased substantially.

The growing investments to increase food production will primarily drive the growth of the global microgreen market. The expansion of the microgreen market is also influenced by growing consumer expenditure on high-end food items. Further, the rising consumer knowledge of the health advantages of microgreens, including broccoli, cabbage, cauliflower, arugula, peas, etc., will contribute to the growth of the microgreens market. Microgreens are rich in nutrients and possess high antioxidant content. Additionally, the growing range of hotels, restaurants, and other food specialty stores, will contribute to the growth of the microgreens market.

The rapidly growing retail sector and rising user base on e-commerce websites are projected to escalate the growth of the microgreens market during the analysis period. The fact that microgreens are essential for health and don’t require additional cooking efforts will contribute to the growth of the microgreens market during the analysis period. On the flip side, the high cost of microgreens may limit the market growth.

During the projection period, it is predicted that the microgreen market in the Asia Pacific will expand at the fastest rate. Microgreens can be grown in households with little area in their yards and gardens. These are nutrient-rich and simple to grow. It is particularly true in emerging nations where people have little outdoor and indoor space, like China and India. The increased consumer knowledge of the advantages of eating wholesome food, such as the availability of a high amount of nutrients and antioxidants, is expected to drive the market forward. Further, the working population of the region is fast shifting to new lifestyles, which will drive market growth.

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Due to the rising popularity of organic farming and healthy food options, North America is the region with the greatest share of microgreens market. The growth of this region is attributed to the fact that consumers are becoming more aware of organic foods and their health. The sector is expected to benefit from the increasing trend of adding microgreens to salads, along with organic goods.

Aero Farms Fresh Origins Gotham Greens Madar Farms 2BFresh The Chef’s Garden Inc. Farmbox Greens LLC Living Earth Farm Other Prominent Players

The global microgreens market segmentation focuses on Type, Farming, Distribution Channel, End-User, and Region.

Global Microgreens Market, by Type Broccoli Cabbage Cauliflower Arugula Peas Basil Radish Cress Others

Global Microgreens Market, by Farming Indoor Vertical Farming Commercial Greenhouses Others

Global Microgreens Market, by Distribution Channel Retail Stores Farmers Market Others

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Global Microgreens Market, by End-User Residential Commercial

Global Microgreens Market, by Region North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America

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