DUBLIN–(BUSINESS WIRE)–The “Microgreens Market Report by Type, Farming Method, End Use, Distribution Channel, and Region 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
Comprehensive Microgreens Industry Analysis Reveals Nutritional Benefits Driving Global Demand
The global microgreens market, valued at approximately USD 1,650.0 million in 2023, is forecasted to witness a compound annual growth rate (CAGR) of 7.6% from 2023 to 2032. A new industry report indicates that the market is expected to reach a staggering USD 3,179.3 million by the end of the forecast period, buoyed by rising consumer awareness of the nutritional richness of microgreens and the burgeoning popularity of urban farming methods such as indoor vertical farming.
The report offers a thorough segmentation analysis emphasizing how different types of microgreens, such as broccoli and radish, are gaining prominence in diverse culinary applications. It also highlights the leading roles of different farming methods with indoor vertical farming techniques at the forefront, showcasing a trend towards sustainable agricultural practices in both commercial and residential settings.
According to the market analysis, North America remains the powerhouse region, with its strong culinary culture and advanced agricultural technology setting the pace for the industry. Meanwhile, significant growth strides are seen across the Asia-Pacific and Europe regions, prompted by evolving dietary preferences and a focus on local, sustainable production.
Emerging Trends and Distribution Channels
The report accentuates key market trends, such as the increasing integration of microgreens in gourmet cuisine and the growing acceptance of these nutritional powerhouses as a staple in modern diets. Moreover, the analysis underscores the paramount role of retail stores as the leading distribution channel, with superstores, supermarkets, and hypermarkets following suit, all enabling consumers’ easy access to a variety of microgreens.
Market’s Competitive Landscape
The competitive landscape section describes how top industry players are strategizing to meet the burgeoning demand through product diversification and innovative farming practices. Notable developments within key companies emphasize investment in new cultivation methods and partnerships aimed at expanding market reach and elevating consumer experience.
- Challenges such as climate limitations and the necessity for continuous consumer education are being addressed through technological advancements and marketing initiatives.
- Opportunities in emerging markets and the potential development of new varieties are set to supplement market growth.
- Sustainability concerns and consumer preference for organic products are steering market dynamics.
The report concludes with a future outlook projecting sustained growth in the global microgreens market. Companies that continue to innovate and respond to shifts in consumer preferences will likely experience flourishing success in the expanding microgreen landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 139 |
| Forecast Period | 2023 – 2032 |
| Estimated Market Value (USD) in 2023 | $1.65 Billion |
| Forecasted Market Value (USD) by 2032 | $3.17 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Companies Mentioned
- 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
- The Chef’s Garden Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ptasqj
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
