Asparagus Market 2019 Industry Development,Key Drivers and Restraints, Regional Outlook and Forecast to 2027

Asparagus is a green leafy vegetable with long and pointy spears and are basically grilled, roasted and steamed. It is a springtime vegetables and is predominantly grown in Michigan, California, and Washington State. It is more expensive than other vegetables as it is a seasonal crop.

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The biggest producers of asparagus are Peru, China, Germany, and the U.S and they flourish in the temperate climatic condition where the ground it freezes. Moreover, asparagus is harvested once they touch 6-8 inches in length. Its consumption support in lowering the blood pressure and also assist in proper digestion.

Growing awareness regarding the health benefits of asparagus among the consumer as it is rich in fiber, folate and vitamin K is expected to propel the market growth of asparagus. Moreover, it enhances the immunity and function of the brain and also promotes healthy digestion, thereby fueling their demand, which in turn boosting the market growth. Furthermore, it is highly rich in antioxidants that promote healthy and glowing skin. This factor is also projected to foster the market growth of the asparagus.

Among region, Europe dominated the global asparagus market in 2018, accounting for 35% share in terms of volume, followed by Asia Pacific and North America, respectively

Increasing partnerships between major producers in the market are projected to propel the market growth over the forecast period. For instance, in April 2019, Applewood Fresh Growers LLC partnered with New Era's American Asparagus offer fresh Michigan asparagus in addition to its apples. Michigan is now the largest asparagus growing region in the United States. Therefore, the rising number of a partnership among key producers is projected to offer immense growth opportunities to the market over the forecast period.

Competitive Section:

Players active in the market are Altar Produce LLC, Sociedad Agr�cola Vir�, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, ILIOS - The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.

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