Microgreens Market Size, Restraints, Portfolio, and Forecast 2030
Microgreens Market Overview
The microgreens market is segmented by type, farming, end
user, and geography and is anticipated to grow at a CAGR of 13.50% to reach USD
2.48 million by the end of 2030.
Microgreens are the young, tender vegetable greens that are
grow inside and harvested when they are small in size. In the COVID 19 when
there will be increased in number of cases the national and international
governments take some precautions by implementing various restrictions. The
government implement the lockdown in various industries where large gatherings
take place which led to the closing of manufacturing industries, education,
malls, restaurants, grocery stores and other areas.
With the increase in popularity of vegan eating, microgreens
market size will increase in the coming years. The growth of the microgreen
market was influenced by the rise in expenditure for premium food products. The
factors that restrain the growth of the microgreen market are high initial
investments, high costs of production, and a lack of distribution channels. The
lack of skilled labour and the increased demand for non-GMO microgreens affect
the growth of the microgreen market.
Microgreens was the future of the retail and produce
industries. The audience which are intended are Microgreens Producers, Raw
Material Suppliers, Retailers, Wholesalers and Distributors, Governments,
Associations, and Industrial Bodies, Investors and Trade Experts. People
consider microgreens as healthy option because it provides various range of
nutrients and was a new source of protein. With the increase in the number of
restaurants and food speciality shops, provide complete experience to customers
by introducing various types of food and beverages which are attributed to the
market growth.
There are certain nutrient deficiencies in the soil and
limited awareness of microgreens also affect microgreens market. People become
aware about the food they are consuming and because of this they choose to buy
local and organic which are produced from grocery stores. As microgreens are
harvested greens of young plants which can be grown indoors and harvested
quicker and cheaper. Microgreens are considered as the future of the retail and
produce industries.
As microgreens are very important for health industry because
it can be eaten raw and don’t need much preparation or cooking. They are
transported easily because of their small size and they can be grow in a small
area of a home or greenhouse.
Key Players
The players in the global microgreens market are AeroFarms,
Fresh Origins, Gotham Greens, Madar Farms, 2BFresh, The Chef’s Garden Inc.,
Farmbox Greens LLC, Living Earth Farm, GoodLeaf Farms, and Bowery Farming among
others.
Market Segmentation
The market was segmented into the following types:
Based on the type of farming, the global microgreens market
was segmented into three categories: indoor vertical farming, commercial
greenhouses, and others.
Based on the type, the global microgreens market size was
segmented – broccoli, cabbage, cauliflower, arugula, peas, basil, radish, cress
and others.
Based on the distribution channels, the global microgreens
market was segmented into retail stores, farmer’s markets, and others.
Based on the end user, the global microgreens market was
segmented into residential and commercial.
Regional Classification
The global microgreens
market overview was divided into the following regions: North America,
which includes the US, Canada, and Mexico; Europe, which includes the UK,
Germany, France, Italy, and Spain; Asia Pacific, which includes China, India,
Japan, Australia, and New Zealand; and the rest of the world, which includes
South America, the Middle East, and Africa.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be considering
Covid19 Footprints for Better Analysis of Market and Industries. Cordially get
in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and
Media Private Limited),
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United States of America
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