USD 7.34 billion
Microgreens Market Size, Share, Growth Analysis, By Type(Broccoli, Lettuce and Chicory, Arugula, Basil), By Farming(Indoor Farming, Vertical Farming, Commercial Greenhouses, and Other Farming Methods), By Distribution channel(Hypermarkets/Supermarkets, Restaurants, and Other Distribution Channels), By End user(Retail, Food Service, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15C2075 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
125
|Figures:
70
Microgreens Market Insights
Microgreens Market size was valued at around USD 7.34 billion in 2021 and is expected to reach a value of USD 13.09 billion by 2028, at a CAGR of 8.62% over the forecast period (2023–2030).
Microgreens are becoming popular since They hold a macro level nutritional profile and exhibit several health benefits.Along with this, they are tremendously rich in chemicals like phenolic compounds and carotenoids, vitamins like vitamin C, and minerals like zinc and copper.
Cabbage, broccoli, mustard, radish, scale buckwheat, cucumber, mint, chia, basil, fenugreek, sweet pea, lettuce, spinach, onions, garlic, fennel, parsley, wheatgrass and many more are some of the popularly used microgreens all across the world.Due to the properties like anti inflammatory, antioxidant, antimicrobial, anti cancer, anti diabetics, the microgreens are also known as superfood or functional superfoods.In humans, it tends to control blood glucose level. Studies have shown that they are beneficial in controlling blood sugar and in weight management. Fenugreek microgreens have been studied to compress the activity of the insulin that is responsible for producing glucose and aids in managing blood groups.
US Microgreens Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Broccoli
Fastest Growth
Broccoli
Growth Rate
8.62% CAGR
Global Microgreens Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Microgreens Market Segmental Analysis
Global Microgreens market is segmented on the basis of Type farming distribution channel , end user , Growth medium and region. By Type, the market is segmented into Broccoli, Lettuce and Chicory, Arugula, Basil, Fennel, Carrots, Sunflower, Radish, Peas, and others. By farming, the market is segmented into Indoor Farming, Vertical Farming, Commercial Greenhouses, and Other Farming Method . By distribution channel, the market is segmented into Hypermarkets/Supermarkets, Restaurants, and Other Distribution Channels. By end user the market is segmented into Retail, Food Service, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Microgreens Market Analysis by Farming
By Farming, the global market is divided into many segments such as Indoor Farming, Vertical Farming, Commercial Greenhouses, and Other Farming Methods. Vertical farming held the largest global Microgreens market share due to the wide range of benefits provided by Microgreens. Along with it, there is a rise in Indore farming because of growing population that led to the increase food demand which made farmer turn towards the high tech production methods.Moreover, the growing health consciousness has led people to consume a proper diet full of nutrients, which has let the adoption of indoor farming practices.
Microgreens Market Analysis by Type
By type, the Microgreens market is classified into Broccoli, Lettuce and Chicory, Arugula, Basil, Fennel, Carrots, Sunflower, Radish, Peas, and others. The Broccoli segment is one of the main reasons for the shift of population towards the micro green. Therefore it acquires the major share of the microgreen market.9. These are rich dark greens that are a great addition to any mix due to the tangy flavor they provide, as well as there are several health benefits associated with aid that is fighting inflammation, cancer prevention, improved heart health and improved digestion.
Global Microgreens Market By Type 2021 (%)
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Microgreens Market Regional Insights
Globally, North America is estimated to hold the highest global Microgreens market share. Main factors during this growth period is the presence of top market players,Awareness in people regarding health benefits and balanced diet to include vegetables, salads and organic based food items including microgreens in their diet.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Microgreens in the region of Asia Pacific and mainly in China and Japan. Penetration of Micro green due to diet consciousness in Asia Pacific has doubled in the last few years.Increase pending on functional food, increase demand for organic vegetables and health consciousness has led to the growth of microgreens in Asia Pacific region.
Global Microgreens Market By Geography, 2021-2028
- Largest
- Fastest
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Microgreens Market Dynamics
Microgreens Market Drivers
Rise of Conscious Consumption to Boost Market Growth
- Growing consumer awareness of the health benefits as well as increased spending on premium food products has led to the significant impact on the microgreen market all across the globe.Various technological advancement in food sector and the rise of vegan product in the market has also helped the growth of micro green in food sector.Moreover, growing number of restaurants and food specialties shops that provide consumers with variety of microgreens, introducing them to it, is helping the market growth.
Microgreens Market Restraints
High Production Cost to Hinder Market Growth
- There are several threats to the growth of the microgreen market that include Increasing production cost, high initial investment, lack of distribution channel, along with it, Lack of awareness about microgreens and certain nutrient deficiencies in the soil.These critical concerns seen Microgreen market will limit its growth.
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Microgreens Market Competitive Landscape
Competition in the global Microgreens market is expected to increase during the forecast period because new players are expected to enter the global market and the number of products compatible with Microgreens will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Microgreens Market Top Player’s Company Profiles
- Hofland flowering plants (Netherlands)
- SAKATA (U.S)
- DUTCH FLOWER GROUP (Netherlands)
- MARGINPAR BV (Netherlands)
- Walter Blom Plants BV (Netherlands)
- Selecta Klemm (Germany)
- Double H Nurseries Ltd, (U.K)
- ARCANGELI GIOVANNI (Italy)
- KP Holland (Netherlands)
- Ball Horticultural Company (U.S)
Microgreens Market Recent Developments
- In September 2022, AeroFarms launched the World’s largest indoor vertical Aeroponic Smart Farm. The farm is capable of growing more than 3 million pounds of organic microgreens per year, which use 95% less water and 99% less land than traditional microgreens.
Microgreens Key Market Trends
- In recent times there are new restaurant launches along with 8. The chefs are using micro greens as flavor enhancement and as a colorful garnishing on their plate.Along with that, the microgreens have other major beneficiaries for health. Therefore, they are included into oils, ingredients for consumer items like shampoo and skin care products.
Microgreens Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Microgreens market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as tremendously rich in chemicals like phenolic compounds and carotenoids, vitamins like vitamin C, and minerals like zinc and copper.. Microgreens will enable the food market to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.34 billion |
| Market size value in 2031 | USD 13.09 billion |
| Growth Rate | 8.62% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Microgreens Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Microgreens Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Microgreens Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microgreens Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microgreens Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microgreens Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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