The global microgreens market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic.
Microgreens are seedlings and shoots of vegetables, grains, and herbs with edible stems, cotyledons, or seed leaves, and true leaves. They are very small in size and can be grown locally at home or in small commercial facilities and harvested using small-scale equipment. Microgreens have an intense aromatic flavor and are a rich source of various essential nutrients, such as antioxidants, protein, vitamins, minerals, and fiber.
They include numerous plant families and can be used for growing cauliflower, broccoli, lettuce, carrots, dill, garlic, onion, amaranth, quinoa, beet, spinach, cucumber, and melon. In comparison to vegetable sprouts, the roots and seeds of microgreens are not consumed. Regular consumption of microgreens can aid in preventing chronic medical ailments, managing weight, enhancing immunity, and promoting mental well-being.
Microgreens Market Trends:
The increasing adoption of innovative vertical and indoor farming practices is one of the key factors driving the growth of the market. Consumers are increasingly adopting these environment-friendly hydroponics, aeroponics, and aquaponics practices to enhance the yield and quality of value-rich crops and minimize the utilization of additional resources, such as nutrients, water, energy, and space.
Moreover, rising health consciousness among the masses is providing a thrust to the market growth. Microgreens exhibit anti-inflammatory properties that aid in minimizing the risks of developing cancer, cardiovascular disorders, diabetes, hypertension, and high blood pressure. Additionally, the widespread product adoption in the manufacturing of cosmetic and personal care products with natural and organic ingredients and essential oils is acting as another growth-inducing factor.
Microgreens are also widely used as colorful and attractive garnishes on various food and beverages. Other factors, including the implementation of favorable government policies promoting sustainable agricultural practices, along with the increasing expenditure capacities of the consumers on premium, functional, and nutrient-rich food products, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global microgreens market report, along with forecasts for growth at the global, regional, and country-level from 2021-2026. Our report has categorized the market based on type, agriculture method, end-use, and distribution channel.
Breakup by Type:
Breakup by Farming Method:
- Indoor Vertical Farming
- Commercial Greenhouses
Breakup by End Use:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Retail Stores
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 2BFresh (Teshuva Agricultural Projects Ltd.), AeroFarms, Bowery Farming Inc., Farmbox Greens LLC (Charlie’s Produce), Fresh Origins, GoodLeaf Farms (TruLeaf), Gotham Greens, Living Earth Farm, Madar Farms, Metro Microgreens, and The Chef’s Garden Inc.
Key Questions Answered in This Report:
- How has the global microgreens market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global microgreens market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the farming method?
- What is the breakup of the market based on the end use?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global microgreens market and who are the key players?
- What is the degree of competition in the industry?
Source: Imarc Group