Press release
Microgreen Market size is expected to reach $3.77 Bn by 2030, as per Maximize Market research
The Global Microgreen Market size was valued at USD 1.73 Bn in 2023 and the market is expected to reach USD 3.77 Bn at a CAGR of 11.76 % by 2030Microgreen Market Overview
The microgreens are becoming increasingly popular in modern cuisine with rising awareness of health consciousness. These nutrient rich foods are a part of popular dishes like avocado toast, microgreen salads, pizzas, smoothies, and soups. The microgreens are packed with ascorbic acid, carotenoids, and polyphenols. Along with visual appeal, taste, and texture they also reduce risk of heart disease and Alzheimer's disease.
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Challenges in Microgreen Market
The high prices compared to traditional vegetables and short shelf life are important challenges in the microgreens market. Environmental conditions and the risk of contamination from bacteria like Salmonella and Listeria also pose challenges.
The lack of standard labeling for microgreens, mold and fungal growth during germination, and volatile prices are also challenges in the Microgreen Market.
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Trends in Microgreen Market
Health-conscious consumers and advancements in indoor farming are driving the global microgreens market. Product innovation and diversification are changing the market landscape, with new species being cultivated for their unique traits, such as vivid colors, intense aromas, and varied textures. Collaboration between farms and chefs is also influencing product offerings, leading to the introduction of new and popular varieties like arugula and spring mixes.
Microgreen Market regional analysis
The use of microgreens has become increasingly popular in North America, with the region being the biggest market for them. Europe and Asia-Pacific come after this location. Urban consumers' preferences are well-suited to microgreens due to their flexibility and health advantages. The increasing desire for a healthy lifestyle and attractive appearance has resulted in a growing demand for fresh and nutritious foods. The trend towards healthier and more varied diets in North American cities is evident in the desire for not just processed foods with microgreens, but also for greens in general.
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Recent News about Microgreen market
2/5/2024 Africa Development Bank and Invest in Africa to launch MicroGREEN project
18/10/2024 US (CA): BrightFresh Microgreen helps raise over $100,000 for Boys and Girls Clubs
4/10/2024 Northeast Ohio farmers embrace microgreens for nutrition, flavor benefits
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Microgreen Market Segmentation
by Type
Broccoli
Cabbage
Cauliflower
Arugula
Peas
Basil
Radish
Other
by Farming
Indoor Vertical Farming
Commercial Farming
Others
by Distribution Channel
Retail Stores
Online
Farmers Market
Others
by End-use
Food Services
Retail
Others
Microgreen Market Key Players
1. Farm Box Green
2. Aero Farms
3. Chef's Garden
4. Good leaf Farms
5. Living Earth Farms
6. Gotham Farms
7. Fresh Origin
8. Teshuva Agricultural
9. Madar Farms
10. Bowery Farming
11. Metro Microgreens
Key questions answered in the Microgreen Market are:
• Which region has the largest share in Global Microgreen Market?
• What is the growth rate of Global Microgreen Market?
• What is scope of the Global Microgreen Market report?
• What is the study period of this Market?
Key Offerings:
• Past Microgreen Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Microgreen Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o § Competitive landscape - Microgreen Market Leaders, Market Followers, Regional player
o § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
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