Microgreens Market 2023-2028: Industry Growth, Share, Size, Key Players Analysis and Forecast

According to the latest report by IMARC Group, titled "Microgreens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global microgreens market size reached US$ 1,522 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,470 Million by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.

Microgreens refer to those tiny shoots of edible plants, that have been growing in popularity on a global scale, finding their places on the plates of consumers and in the menu offerings of chefs around the world. These minute green wonders, packed with an abundance of nutritional value, have emerged as a distinct segment in the global food and beverage (F&B) industry. Cultivated from a variety of vegetables, herbs, and other plants, microgreens offer robust flavors and an appealing visual aesthetic, along with a multitude of health benefits. They are typically grown in controlled environments and harvested just days after germination, allowing for a year-round supply of fresh, locally sourced produce. This is an increasingly appealing proposition to health-conscious consumers, food service providers, and retailers alike.

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Competitive Landscape with Key Players:

• 2BFresh (Teshuva Agricultural Projects Ltd.)
• AeroFarms
• Bowery Farming Inc.
• Farmbox Greens LLC (Charlie's Produce)
• Fresh Origins, GoodLeaf Farms (TruLeaf)
• Gotham Greens
• Living Earth Farm
• Madar Farms
• Metro Microgreens
• The Chef's Garden Inc.

Global Microgreens Market Trends:

The increased health consciousness, and a burgeoning demand for organic, sustainable food choices are among the key factors driving the global microgreens market. The global health and wellness trend, along with the increasing demand for nutritionally rich food options among consumers is boosting the growth of the market. With their dense nutrient profile, microgreens cater to this demand effectively. Furthermore, they offer a sustainable and environmentally friendly alternative to traditional vegetable crops, requiring less water, space, and time to grow which is facilitating the growth of the market. The culinary appeal of microgreens, due to their intense flavor profiles and visual appeal, is also encouraging their incorporation into a diverse array of dishes, contributing to their increasing popularity in the food service sector. The advent of innovative cultivation technologies, such as vertical farming and hydroponics, which make year-round production of microgreens feasible, is significantly bolstering market growth. Apart from this, the rising demand for organic beauty and skincare products, where microgreens find application due to their high antioxidant content, is also fueling the market.

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Key Market Segmentation:

Breakup by Type:

• Broccoli
• Cabbage
• Cauliflower
• Arugula
• Peas
• Basil
• Radish
• Others

Breakup by Farming Method:

• Indoor Vertical Farming
• Commercial Greenhouses
• Others

Breakup by End-Use:

• Residential
• Commercial

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Retail Stores
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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