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Microgreens Market Size is estimated to reach USD 2,049.3 Million By 2028 With a CAGR of 11.1% - Valuates Reports
The microgreens market size was valued at $1,276.0 million in 2019, and is estimated to reach $2,049.3 million by 2028, registering a CAGR of 11.1% from 2021 to 2028.Microgreens are young, tender vegetable greens that are approximately 1-3 inches tall. They are harvested 7-14 days after germination, when they have two fully developed cotyledon leaves. Often called vegetable confetti. Microgreens are basically used to enhance the color, texture, or flavor of different foods such as pasta, pizza, omelets, and salads, due to their intense aromatic flavor and variety of colors and textures. They constitute a number of vitamins, minerals, and antioxidants.
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Increase in spending for premium food products, healthy functional & nutritional food and growth in adoption of indoor vertical and greenhouse farming are some of the factors driving the microgreens market growth during the forecast period. Indoor vertical and greenhouse farming is majorly used for the production of microgreens as it requires intense care through a controlled environment. Furthermore, growth in cosmetics and personal care industry is likely to drive the growth of the product market during the forecast period, as microgreens-based oils and ingredients are majorly demanded for the production of consumer items such as shampoo and skincare products. Rise in adoption of farm mechanization and growth in awareness regarding the high-tech farming methods including hydroponics, aeroponics and aquaponics are expected to favor the growth of the microgreens market.
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Key Market Segments
By Type
Broccoli
Cabbage
Cauliflower
Arugula
Peas
Basil
Radish
Cress
Others
By Farming
Indoor Vertical Farming
Commercial Greenhouses
Others
By Distribution Channel
Retail Stores
Farmers Market
Others
By End User
Residential
Commercial
By Region
North America
U.S.
Canada
Mexico
Europe
Russia
Spain
Italy
France
Germany
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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