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Global Arugula Microgreens Market is projected to reach the value of $357.93 million by 2030

09-21-2023 12:00 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Virtue Market Research

Global Arugula Microgreens Market Size, Share, Growth, and Trend Analysis (2023 - 2030)

Global Arugula Microgreens Market Size, Share, Growth, and Trend Analysis (2023 - 2030)

According to the report published by Virtue Market Research in Global Arugula Microgreens Market was valued at USD 196.27 million and is projected to reach a market size of USD 357.93 million by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 7.8%.

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A significant long-term market driver in the Arugula Microgreens Market is the increasing consumer focus on health and nutrition. As people become more health-conscious and seek nutritious dietary options, the demand for microgreens, including arugula, has steadily risen. Arugula microgreens are packed with vitamins, minerals, and antioxidants, making them a popular choice among health-conscious consumers.

The COVID-19 pandemic has had a notable impact on this market. With lockdowns and restrictions in place, many individuals turned to indoor gardening and home-based food production as a way to ensure a steady supply of fresh greens. This surge in interest led to an increased demand for arugula microgreens, as they are easy to grow at home and provide a quick source of fresh, nutrient-rich greens.

In the short term, a significant market driver is the rising popularity of gourmet and fine dining. High-end restaurants and culinary enthusiasts are increasingly incorporating arugula microgreens into their dishes. These tiny greens add a burst of flavor and visual appeal to salads, sandwiches, and various culinary creations. As the restaurant industry continues to recover from the impact of the pandemic, the demand for arugula microgreens in the hospitality sector is expected to grow.

An exciting opportunity in the Arugula Microgreens Market lies in expanding product offerings to include value-added products. While arugula microgreens are traditionally sold fresh, there is a growing trend towards diversification. Companies can explore opportunities to develop arugula microgreen-based products such as pesto, salad dressings, and garnishes. These value-added products can cater to consumers seeking convenience and unique culinary experiences, opening up new revenue streams for businesses.

An emerging trend in the Arugula Microgreens Market is sustainable and eco-friendly cultivation practices. As environmental consciousness grows, consumers are increasingly concerned about the ecological footprint of their food choices. Arugula microgreens are well-suited for sustainable cultivation methods, such as hydroponics and vertical farming. These practices reduce water consumption, eliminate the need for pesticides, and minimize land use. Companies that embrace eco-friendly production methods not only meet consumer demands for sustainability but also enhance their brand reputation in the market.

Market Segmentation:
By Farming Type: Subsistence Farming, Commercial Farming, and Others
Among these, the largest segment is Commercial Farming. This is primarily due to the increasing demand for arugula microgreens in the food industry, including restaurants and supermarkets. Commercial farming operations are geared towards large-scale production to meet this demand efficiently.

Surprisingly, the fastest-growing segment during the forecast period is Subsistence Farming. This might seem counterintuitive, but it indicates a growing interest in arugula microgreens among individual households and small-scale growers. Subsistence farming is characterized by smaller, local operations that prioritize self-sufficiency. As more people explore home gardening and healthy eating, the demand for arugula microgreens at the subsistence level is on the rise.

By Growth Medium: Soil-based, Hydroponics, Aeroponics, Vertical, and Others
The largest segment in this category is Soil-based. Many traditional growers prefer soil as it provides a natural and familiar environment for plant growth, contributing to the popularity of this medium.
Conversely, the fastest-growing segment during the forecast period is Hydroponics. Hydroponic systems allow growers to cultivate arugula microgreens without soil, using nutrient-rich water solutions.
This method conserves water, maximizes space, and reduces the risk of soil-borne diseases. As sustainability becomes a more prominent concern, hydroponics is gaining traction among growers as a more efficient and eco-friendly option.
By Distribution Channel: Offline and Online
The largest segment here is Offline distribution. This includes traditional brick-and-mortar stores, supermarkets, and farmers' markets where consumers can purchase fresh arugula microgreens directly.

Interestingly, the fastest-growing segment during the forecast period is Online distribution. This trend aligns with the broader shift towards e-commerce and online grocery shopping. Consumers are increasingly turning to online platforms to purchase arugula microgreens and other fresh produce. The convenience of doorstep delivery and the ability to access a wider variety of products are driving the growth of online distribution in this market.

Read More @ https://virtuemarketresearch.com/report/arugula-microgreens-market

Regional Analysis:
Within this landscape, North America stands out as the largest segment. The region's well-established food industry, culinary culture, and health-conscious population contribute to the significant demand for arugula microgreens.

Intriguingly, the fastest-growing region during the forecast period is Asia-Pacific (APAC). This region is witnessing a surge in urbanization, changing dietary preferences, and a growing awareness of the nutritional benefits of arugula microgreens. As a result, APAC is becoming a prominent market for arugula microgreens, with an increasing number of consumers and businesses incorporating them into their diets and dishes.

Latest Industry Developments:
• Diversification of Product Offerings: A notable trend in the market is the diversification of product offerings. Companies are expanding their portfolios beyond traditional arugula microgreens to include a wider variety of microgreen options. This trend aligns with the growing consumer interest in exploring different flavors and nutrients offered by various microgreens. By offering a diverse range of microgreens, companies can attract a broader customer base and cater to the evolving culinary preferences of consumers.

• Embracing Sustainable Farming Practices: Sustainability has become a key focus in the Arugula Microgreens Market. Companies are increasingly adopting sustainable farming practices to meet consumer demands for environmentally friendly products. This includes practices such as organic farming, reduced water usage, and responsible packaging. By emphasizing sustainability, companies not only appeal to eco-conscious consumers but also enhance their brand reputation and differentiation in the market.

• Investment in Technology and Automation: Technology plays a vital role in optimizing arugula microgreen cultivation. Companies are investing in advanced technologies and automation systems to improve efficiency and reduce production costs. This includes the use of sensors, data analytics, and controlled environment agriculture techniques. By leveraging technology, companies can achieve higher yields, maintain consistent product quality, and meet the growing demand for arugula microgreens efficiently.

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Contact Us:

Virtue Market Research
Kumar Plaza, #103, SRPF Rd, Ramtekadi, Pune, Maharashtra 411013, India
E-mail: megha@virtuemarketresearch.com
Phone: +1-917 436 1025

About Us:
"Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success."

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