Global Microgreen Market to Reach USD 3.77 Billion by 2030, Growing at a CAGR of 11.76%
Summary: The global microgreen market, valued at USD 1.73 billion in 2023, is expected to grow significantly, reaching USD 3.77 billion by 2030. This growth, projected at a compound annual growth rate (CAGR) of 11.76%, is driven by increasing consumer demand for fresh, nutritious food and the rising trend of healthy eating. This press release outlines the market's growth dynamics, segmentation, and key players, providing valuable insights into the burgeoning microgreens industry.
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A) Market Size: The global microgreen market is poised for substantial growth. With an initial value of USD 1.73 billion in 2023, the market is forecasted to reach USD 3.77 billion by 2030. This growth trajectory represents a CAGR of 11.76%, driven by increasing consumer preference for fresh, nutrient-dense foods and the popularity of sustainable farming practices.
B) Scope and Research Methodology: The microgreen market report presents a comprehensive analysis based on qualitative and quantitative data, incorporating market trends, regional insights, and competitor positioning. The research methodology combines primary and secondary data collection methods, ensuring a robust understanding of the market dynamics.
C) Report Coverage: This report covers key aspects of the microgreen market, including the market size, growth forecasts, segmentation, and competitive landscape. Additionally, the report explores factors influencing market growth, such as rising health awareness, demand for organic food, and innovations in farming technology.
D) Overview: Microgreens, harvested at an early stage of plant growth, are gaining popularity due to their rich nutritional profile and diverse culinary applications. These tiny greens, including varieties like broccoli, cabbage, and radish, are increasingly used in restaurants, retail outlets, and home kitchens, fueling market demand.
E) Dynamics: Several factors are contributing to the market’s growth. The increasing awareness of the health benefits of microgreens, including their high vitamin and antioxidant content, is a primary driver. Furthermore, the shift towards indoor and vertical farming techniques has made it easier for farmers and consumers to access fresh microgreens year-round. The rise in demand from the food service industry and retail markets is also a significant factor.
However, the market faces challenges related to the high cost of production and the need for specialized farming infrastructure. Despite these challenges, the overall market outlook remains positive due to the increasing interest in sustainable and nutritious food.
F) Segmentation:
- By Type:
- Broccoli
- Cabbage
- Cauliflower
- Arugula
- Peas
- Basil
- Radish
- Other varieties
- By Farming:
- Indoor Vertical Farming
- Commercial Farming
- Others
- By Distribution Channel:
- Retail Stores
- Online
- Farmers Markets
- Others
- By End-Use:
- Food Services
- Retail
- Others
G) Key Players include:
- Farm Box Green
- Aero Farms
- Chef’s Garden
- Good Leaf Farms
- Living Earth Farms
- Gotham Farms
- Fresh Origin
- Teshuva Agricultural
- Madar Farms
- Bowery Farming
- Metro Microgreens
H) Key Offerings:
- Market Share and Size Forecast (2024–2030)
- Growth Drivers, Market Restraints, and Opportunities
- Market Segmentation Insights
- Competitive Landscape Analysis
- Detailed Key Vendor Profiles
I) Table of Contents:
- Executive Summary
- Market Overview
- Key Market Trends
- Market Dynamics (Drivers, Restraints, Opportunities)
- Market Segmentation and Forecasts
- Regional Analysis
- Competitive Landscape
- Key Players and Market Share Analysis
- Conclusion and Strategic Insights
For further details, feel free to reach out to us at any time: https://www.maximizemarketresearch.com/market-report/microgreen-market/221008/
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