Microgreens Market Forecasted to Reach USD 3,596.4 Million by 2030 | Farmbox Greens, 2BFresh and More

The latest report by Congruence Market Insights, titled 'Global Microgreens Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 - 2030,' provides a thorough analysis of the global microgreens market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors on the microgreens market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving microgreens industry.

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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

According to the in-depth market study, the global microgreens market is anticipated to reach a value of USD 3,596.4 Million by 2030, expanding at a CAGR of 6.1% between 2023 and 2030. The market is driven by increasing consumer awareness regarding the health benefits of microgreens, their rising popularity in gourmet cuisines, and the growing trend of urban farming. Opportunities in the market lie in expanding applications in the food and beverage industry, the rise of hydroponic farming methods, and increasing demand for organic microgreens. However, challenges include the perishable nature of microgreens, limited shelf life, and stringent regulations regarding food safety and quality.

How does AI impact the global microgreens market?

AI impacts the global microgreens market by optimizing farming practices, enhancing crop yield and quality, and improving supply chain management. AI-driven technologies enable precision agriculture, facilitating efficient resource utilization and minimizing environmental impact. Advanced analytics aid in predictive modeling for optimal harvesting times and disease detection, ensuring higher yields and quality standards. AI-powered monitoring systems enable real-time data analysis, enhancing crop management and reducing production costs. While AI offers numerous benefits, challenges include initial investment costs, the need for skilled workforce adaptation, and data privacy concerns. Overall, AI integration positively transforms the microgreens market, aligning with modern agricultural practices.

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Scope of the Report:

► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles

Microgreens Market Size and Forecast:

The report will comprehensively detail the microgreens market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from microgreens sales, and provide volume insights into product circulation. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.

Which region holds the largest market share, and where does the major opportunity lie in the future?

North America holds the largest market share in the global microgreens market, driven by high consumer awareness regarding health and wellness, a well-established foodservice sector, and increasing demand for locally sourced, fresh produce. The major opportunity for future growth lies in Asia-Pacific, fueled by rapid urbanization, changing dietary patterns, and increasing adoption of healthy eating habits. Additionally, Europe and Latin America offer significant growth potential due to growing culinary trends emphasizing fresh and nutritious ingredients.

Competition Landscape

The global microgreens market is highly competitive, with key players focusing on product innovation, sustainable farming practices, and strategic partnerships to gain a competitive edge. Established companies and startups alike are investing in vertical farming technologies and expanding their product portfolios to meet evolving consumer demands for fresh, nutrient-rich produce. The competition landscape is characterized by a mix of large corporations and smaller players, all vying for market share in this rapidly growing segment.

>> Farmbox Greens
>> 2BFresh
>> AeroFarms
>> Bowery Farming Inc.
>> Charlie's Produce
>> Fresh Origins
>> GoodLeaf Farms
>> Gotham Greens
>> Living Earth Farm
>> Madar Farms
>> Metro Microgreens
>> The Chef's Garden Inc.,
>> Syngenta
>> Dümmen Orange

Comprehensive Market Segmentation:

∆ By Type (Broccoli, Basil, Fennel, Lettuce & Chicory, Arugula, Sunflower, Carrots, Radish, and Others)
∆ By Farming Method (Indoor Farming, Vertical Farming, Commercial Greenhouses, and Others)
∆ By Growth Medium (Coconut Coir, Peat Moss, Soil, Tissue Paper, and Others)
∆ By Distribution Channel (Hypermarkets/Supermarkets, Restaurants, and Others)

Market Segmentation by Geography including:

∆ North America: U.S., Canada and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2023 to 2030?
► What are the key market dynamics influencing growth in the Global Microgreens Market?
► Who are the prominent players in the Global Microgreens Market?
► What is the consumer perspective in the Global Microgreens Market?
► What are the key demand-side and supply-side trends in the Global Microgreens Market?
► What are the largest and the fastest growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Microgreens Market?

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Contact Us:

Ms. Shalaka Dubey
Senior Sales Manager
Congruence Market Insights
Palo Alto, CA 94301, United States
Phone: +1 650-646-2623
Email: sales@congruencemarketinsights.com

About Us:

Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. With a focus on delivering actionable insights, we offer comprehensive market intelligence, trend analysis, and forecasting to empower informed decision-making. We have built a reputation for delivering practical insights and genuine reports across diverse sectors such as aerospace and defense, agriculture, building and construction, food and beverages, automotive, chemicals and materials, healthcare and pharmaceuticals covering an extensive array of both primary and niche sub-domains. Our expertise lies in uncovering market trends, consumer behavior, and competitive landscapes, enabling our clients to stay ahead in an ever-evolving business landscape.

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