Asparagus Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022 - 2028

Asparagus Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022 - 2028

Asparagus is a green leafy vegetable which can be consumed in raw or cooked form, and can be used in dishes such as stews, soups, salads etc. The nutrients present in asparagus supports bone and heart health, and the folate & iron content that is beneficial during pregnancy.
Key players in the market are adopting various business strategies such as new product development, in order to expand their product portfolio and strengthen their market presence at global level. For instance, in October 2019, Global Plant Genetics launched Guelph Equinox asparagus variety in European region. The new variety has been developed at University of Guelph, Ontario (Canada) and seed production will be handled by Fox Seeds. Global Plant Genetics will have the exclusive seed distribution rights of the new variety in Europe and Russia.
Market Dynamics
Rising demand for organic asparagus due to growing consumer preferences for organic food is expected to augment the market growth in the next few years. For instance, in June 2019, Organto Foods Inc., an integrated provider of value-added organic vegetables and fruits announced that it has started expanding the distribution of organic asparagus to European markets, leveraging its year-round supply chain that has been developed and refined over the past number of months. Such initiatives are expected to fuel the market growth of asparagus products to prevent microbial contamination of medicines and food & beverages.
Increasing application of asparagus in the soup is expected to propel the market growth. Asparagus is widely used by a major manufacturer in the preparation of soups as it has a lot of nutritive factors and great taste. Asparagus is expected to become the primary choice for the soup manufacturing industry in the next few years. For instance, Nestlé, in October 2016, launched Maggi asparagus soup in the market in Germany, owing to the relatively robust popularity of asparagus products among consumers in the country. Hence, this factor is expected to foster the demand for asparagus.
Discomfort associated with the consumption of asparagus such as gas and a smell to the urine is a major factor expected to hinder the market growth of asparagus. Moreover, it is also possible to have an asparagus allergy to some people. Symptoms of asparagus allergy is hives, runny nose, breathing difficulty and puffiness or swelling around the mouth and lips. Therefore, such side-effects associated with the consumption of asparagus are expected to hamper the market growth.
Key features of the study:
This report provides in-depth analysis of the global asparagus market and provides market size (US$ Mn and KT) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global asparagus market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, ILIOS - The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.
Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global asparagus market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global asparagus market
Detailed Segmentation:
Global Asparagus Market, By Color:
White
Green
Global Asparagus Market, By Type:
Canned
Fresh
Frozen
Global Asparagus Market, By Region:
North America
U.S.
By Color:
White
Green

By Type:
Canned
Fresh
Frozen
Canada
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Europe
U.K.
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Germany
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Italy
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
France
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Russia
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Rest of Europe
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Asia Pacific
China
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
India
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Japan
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
ASEAN
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Australia
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
South Korea
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Rest of Asia Pacific
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Latin America
Brazil
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Argentina
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Mexico
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Rest of Latin America
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Middle East
GCC
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Israel
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Rest of Middle East
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Africa
Northern Africa
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Central Africa
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
South Africa
By Color:
White
Green
Others
By Type:
Canned
Fresh
Frozen
Company Profiles
Altar Produce LLC *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Sociedad Agrícola Virú
DanPer Trujillo S.A.C.
Limgroup B.V.
TEBOZA BV
ILIOS - The Greek Asparagus Company
BEJO SEEDS LTD
Spargelhof Elsholz Gbr
Cutter Asparagus Seed
JERSEY ASPARAGUS FARMS, Inc.
Consorzio Associazione Produttori Ortofrutticoli Foggia
Mazzoni Vivai
California Asparagus Seed and Transplants, Inc.
“*” marked represents similar segmentation in other categories in the respective section.