Registering a CAGR of 7.7% over the forecast period, the market value of Microgreens is expected to reach US$ 3,890. 40 million in the year 2027.
Microgreens are salad vegetable shoots harvested just after the first leaves appear. Microgreens typically have one pair of very small, partially developed true leaves and fully developed cotyledon leaves. Microgreens are grown in a variety of ways, including vertical farming, indoor farming, and even commercial greenhouses.
The market for microgreens is expected to grow in the coming years as vegan eating becomes more popular. People are looking for new protein sources and are discovering microgreens as a healthy option that contains a variety of nutrients. Microgreens are simple to grow, making them an excellent investment for homeowners who want to experiment with gardening. Microgreens are more versatile than many other types of products due to their ability to grow in a variety of ways and the ability to blend flavors. One of the key factors driving the market growth is the increasing adoption of innovative vertical and indoor farming practices. Consumers are increasingly adopting this environmentally friendly hydroponics, aeroponics, and aquaponics practices to increase the yield and quality of value-added crops while using fewer resources such as nutrients, water, energy, and space. Furthermore, rising health consciousness among the general public is propelling market growth.
The report aspects discussed the profile of the top manufacturers of the global Microgreens market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Microgreens Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Microgreens includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Farmbox Greens LLC, Living Earth Farm, AeroFarms, The Chef’s Garden Inc, 2Bfresh Microgreens, Shanghai Dehuan Industry Co Ltd, Shenzhen Sunlight Lighting Co., Ltd., Fresh Origins, Metro Microgreens, Goodleaf Farms and others.
18th October 2021—AeroFarms, a Certified B Corporation, and leader in indoor vertical farming, announced this fall that it will expand its distribution of leafy greens to over 350 Stop & Shop stores throughout the Northeast and New England regions, including New Jersey, New York, Connecticut, Massachusetts, and Rhode Island.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
Broccoli is one of the few vegetables that contain antioxidants of all types. It also promotes detoxification, aids digestion, and provides cardiovascular support. Broccoli has grown in popularity, and many countries are cultivating and growing it for agricultural and farming purposes.
Rising methodologies for indoor, vertical, and greenhouse farming, increased use of advanced technology in farming practices, and growing awareness for premium food products are some of the market's prominent trends. Chefs drive the microgreens market by using them as flavor enhancers and colorful garnishes on their plates, but there is another niche industry driving new growth within this segment: cosmetics. These microgreens are processed into oils and ingredients for consumer products such as shampoo and skincare. Microgreens are high in vitamins A and B, as well as many other micro-elements, making them an appealing ingredient for personal care product manufacturers. This is expected to increase demand for microgreens in the long run. As a result of the production of consumer items such as conditioner, shampoo, and skin care cosmetic products, microgreens-based oils and ingredients are in high demand. The increased adoption of farm mechanization and increased awareness of high-tech farming methods such as aeroponics, hydroponics, and aquaponics are expected to boost the growth of the microgreens market.
North America is expected to have high demand during the forecast period. People are expected to gravitate toward microgreens due to the rise and evolution of wellness-focused diets that include green vegetables salad and organic-based food items. The demand for microgreens is increasing rapidly in the United States, owing to the health benefits associated with their consumption, such as a lower risk of heart disease, chronic diseases, cancer, and Alzheimer's. Vegetable growers are focusing on growing microgreens alongside vegetables and expanding the area under protected cultivation.
The Microgreens Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Microgreens Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Microgreens Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Microgreens Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Microgreens Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Farmbox Greens LLC, Living Earth Farm, AeroFarms, The Chef’s Garden Inc, 2Bfresh Microgreens |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.7% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Farmbox Greens LLC, Living Earth Farm, AeroFarms, The Chef’s Garden Inc, 2Bfresh Microgreens, Shanghai Dehuan Industry Co Ltd, Shenzhen Sunlight Lighting Co., Ltd., Fresh Origins, Metro Microgreens, Goodleaf Farms |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 107 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Microgreens Market is studied from 2017 - 2027.
What is the growth rate of the Microgreens Market?
The Microgreens Market is growing at a CAGR of 7.7% over the next 5 years.
Who are the key players in Microgreens Market?
Farmbox Greens LLC, Living Earth Farm, AeroFarms, The Chef’s Garden Inc, 2Bfresh Microgreens, Shanghai Dehuan Industry Co Ltd, Shenzhen Sunlight Lighting Co., Ltd., Fresh Origins, Metro Microgreens, Goodleaf Farms
What regions does this Microgreens Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Microgreens Market?
Broccoli, Lettuce and Chicory, Arugula, Basil, Fennel, Carrots, Sunflower, Radish, Peas, Other Types
What are the major end-use applications of Microgreens Market?
Residential, Commercial
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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