Microgreens Market Report 2024: Strategies And Recent Developments | AeroFarms LLC, Goodleaf Farms, Living Earth Farm, Fresh Origins, Gotham Greens, Bowery Farming Inc.

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The Business Research Company offers in-depth market insights through Microgreens Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The microgreens market size has grown rapidly in recent years. It will grow from $1.91 billion in 2023 to $2.14 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to increased consumer awareness, adoption of microgreens by restaurants and foodservice, rise of urban agriculture and home gardening, recognition of microgreens as nutrient-dense, healthy ingredients, increased popularity of urban farming.

The microgreens market size is expected to see rapid growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to growing emphasis on sustainable farming and locally sourced products, demand for alternative protein sources, increasing demand for premium and high-quality ingredients, growing demand for sustainable and eco-friendly food products. Major trends in the forecast period include increasing investments in research and development of new microgreen varieties, growing popularity of microgreens in the food service and cosmetic industries, increasing focus on product innovation, unique microgreen varieties, eco-friendly packaging.

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Market Segmentation:
The main types of crops of microgreens are broccoli, cabbage, cauliflower, arugula, peas, basil, radish, cress, and other types. Broccoli refers to baby broccoli plants that are 1-2 inches tall at the time of harvest and are easy to grow. They are rich in nutrients including vitamin A, B, C, E, and K, macro elements such as calcium, magnesium, and phosphorous, and micro-elements that include iron, copper, and zinc. The main categories of microgreens include organic and conventional and they are grown in different platforms including indoor vertical farming, commercial greenhouse, and other farming methods. The end-users of microgreens include retail, food service, and others.

Major Driver - Rising Indoor And Vertical Farming Adoption Boosts Microgreens Market
Increasing indoor and vertical farming adoption is expected to drive the microgreens market. Vertical farming indoors is the process of growing foods stacked one above the other in a controlled, enclosed environment. Compared to conventional farming techniques, vertically installed growing shelves considerably minimize the quantity of land needed to cultivate plants. Due to its capacity to flourish in constrained spaces, this cultivation style is frequently connected with cities and urban farming. The benefits of indoor vertical farming range from sustainable urban growth to crop production maximization, with lower labor expenses. Microgreens are widely grown using vertical farming indoors because they do not consume much space. For instance, in 2021, according to Bayer, a multinational company with primary expertise in the life science industries of agriculture and healthcare, globally, there are 204,387 sq m (or 2.2 million sq ft) indoor farms in operation in 2022. In the following five years, that figure is anticipated to be nearly tenfold to 2 million sq m (or 22 million sq feet). Therefore, the Increase in indoor and vertical farming adoption would propel the microgreens market's growth.

Competitive Landscape:
Major companies operating in the microgreens market include AeroFarms LLC, Goodleaf Farms, Living Earth Farm, Fresh Origins, Gotham Greens, Bowery Farming Inc., Charlie's Produce (Farmbox Greens LLC), Madar Farms, Metro Microgreens, The Chef's Garden Inc., Koppert Cress USA, Pacific Coast Greens, Great Lakes Growers, Florida Microgreens, Farm.One, BrightFarms, Plenty, Bright Agrotech, Edenworks, Green Sense Farms, Local Roots Farms, Lufa Farms, Square Roots, Urban Oasis, Urban Produce, Vertical Harvest, Zip Grow, Infinite Harvest, Harvest Urban Farms

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Top Trend - Technological Advancements In Microgreens Production With Artificial Intelligence (AI)-Powered Systems
Technological advancement is a key trend in the microgreens market. Artificial intelligence is used in microgreens production to improve the quality of production. Microgreens in capsules are grown properly under the supervision of artificial intelligence-powered systems. It keeps track of their development through a chip within the growing cabinet, alerts in case of any problems, and advises when it's best to harvest the herbs. In February 2021, GOhydro, an Attiki-based smart-sensing ICT platform that keeps track of the nutrient content and health of hydroponically grown microgreens, developed a smart-sensing, AI-driven hydroponic platform for home settings. The platform's development depended on an analysis of the variables influencing the growth and nutritional value of micro-greens like basil, coriander, and parsley, as well as their relationships to environmental and cultivational requirements. These elements will guide the process of choosing a collection of different sensors. Future applications of these techniques include large-scale traditional agriculture and other growing environments.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Microgreens Market Characteristics
3. Microgreens Market Trends And Strategies
4. Microgreens Market - Macro Economic Scenario
5. Microgreens Market Size And Growth
…..
27. Microgreens Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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