Global Microgreens Market

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 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 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).

Competition in the Microgreens market is expected to increase during the forecast period because new players are expected to enter the market and the number of products compatible with Microgreens will also increase. Currently, only a few key players are providing their services in the market but these numbers will increase in the upcoming years. ' DÜMMEN ORANGE (U.S)', 'Syngenta (Switzerland)', 'Beekenkamp Group (Netherlands)', '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)'

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.

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.

Globally, North America is estimated to hold the highest 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.

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Global Microgreens Market

Report ID: SQMIG15C2075

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