New York, U.S., May 3, 2022 (GLOBE NEWSWIRE) — Microgreens Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Microgreens market Information by type, agriculture, distribution channel, end user and region – Forecasts to 2030”, the market will reach nearly $2,500 million by 2030, with a CAGR of around 13.5% between 2020 and 2030, confirms Market Research Future (MRFR).
Microgreens contain high levels of nutrition, are tender, young greens, and grow about 1 to 3 inches tall. These are harvested 7–14 days after germination when there are at least two fully developed cotyledon leaves. Often known as vegetable scrambles, they are basically used to improve the texture, flavor and color of different foods including pizzas, pastas, salads and omelettes due to their aromatic flavor and flavor. variety. These contain many minerals, antioxidants and vitamins.
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Market Competitive Analysis:
Affluent sellers in the microgreens market are:
- fresh origins
- Gotham Greens
- Madar Farms
- Chef’s Garden Inc.
- Farmbox Greens LLC
- Living Earth Farm
- GoodLeaf Farms
- Bowery Agriculture
Covered USP market
A variety of microgreens are popular among chefs who use them as flavor enhancers and color garnishes. However, one niche sector that has driven the market demand to a large extent is cosmetics. Most microgreens are blended into oils and made into ingredients for a variety of consumer goods such as shampoo as well as skincare products. Microgreens contain a high amount of vitamins A and B, other than many microelements, which makes these ingredients extremely attractive to personal care product developers.
The growing interest in microgreens is also due to popular websites confirming that these have 4 to 40 times the level of nutrients as well as vitamins and vegetables that a mature plant can produce. The FAO dataset indicates that broccoli production fell from 35.05 million metric tons in 2018 to 37.98 in 2019, indicating increased demand from the booming global population. Therefore, the growing popularity of broccoli all over the world, especially in emerging countries, will do wonders for the global market.
The retail industry has grown rapidly, with online stores increasingly replacing traditional brick-and-mortar stores. It is imperative that online stores focus on improving their inventory to meet growing consumer demand. This could provide a huge opportunity for microgreen developers.
Browse the in-depth market research report (100 pages) on microgreens: https://www.marketresearchfuture.com/reports/microgreens-market-10804
The major factors restraining the growth of the microgreens market are large need for initial investment, lack of distribution channels and high production costs. In addition to this, certain nutrient deficiencies in the soil coupled with low awareness of microgreens pose a significant threat to the players active in the market.
Additionally, unorganized market management, huge preference for non-GMO microgreens, and shortage of skilled labor can also negatively impact the microgreens market.
The COVID-19 outbreak has created enormous pressure among hypermarkets, supermarkets, food suppliers and convenience stores around the world. This has led to increased sales of a variety of micro-vegetables like broccoli, given the stockpiling of various foods among panicked consumers. This stockpiling practice has led to a surge in the market value of microgreens in 2020, stabilizing growth. However, the low availability of microgreens in retail stores compared to the huge demand can be a big challenge for players.
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The different types of microgreens in the market are cabbage, broccoli, arugula, cauliflower, basil, peas, watercress, radish, etc. The broccoli section holds the highest share in the global market, due to the growing knowledge of its nutritional qualities.
According to agriculture, the micro greens market can be considered as commercial greenhouses, indoor vertical farming, etc. Indoor vertical farming may reach the fastest rate of development in the micro-greens market given the rise of gardening as a hobby and the growing number of consumers adopting a healthy lifestyle.
In terms of distribution channels, the microgreens industry caters to farmers markets, retail stores, and others. The retail store segment has been growing rapidly owing to the growing number of retail stores and the wide availability of microgreens in emerging countries.
The main end users in industry are commercial and residential. The commercial sector will lead the global market owing to the massive growth of the global hotel sector.
The Asia-Pacific market will attain the fastest growth rate in the coming years, given the growing awareness of high nutritional level and the fact that micro greens are easy to grow. In the region, microgreens are increasingly being grown in homes by consumers in their gardens and yards. This is especially the case in emerging countries such as India and China where the rate of urbanization has soared considerably, giving rise to houses with courtyards. The increased market demand can also be attributed to the increasing consumer preference for food products with health benefits and high nutritional levels. This could be in response to changes in their lifestyles. Micro-greens are increasingly enjoying strong demand among consumers belonging to the high-income group in the wake of increasing disposable incomes and increasing prevalence of healthy lifestyles.
North America is the market leader and generates substantial demand for a variety of microgreens as interest in organic farming as well as healthy food choices continues to grow. This can be attributed to the increasing level of awareness regarding organic foods as well as growing consumer health awareness. Apart from organic foods, the emerging trend of using micro greens in salads is further boosting the market share in the region.
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