Global Microgreens Market Report and Forecast 2024-2032

Global Microgreens Market Report and Forecast 2024-2032

Global Microgreens Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global microgreens market size reached a value of USD 2.29 billion in 2023. Aided by the rising consumer interest in nutritionally enriched foods and the trend towards urban farming, the market is projected to further grow at a CAGR of 9.70% between 2024 and 2032 to reach a value of USD 5.31 billion by 2032.

Microgreens are young vegetable greens, harvested just after the cotyledon leaves have developed, and are used both as a visual and flavour component in dishes. They are highly nutritious, often containing higher vitamin, mineral, and antioxidant levels than the same quantity of mature vegetables. Microgreens can include a variety of edible young greens from plants like arugula, radish, basil, peas, beet, and many others.

The microgreens market growth is being driven by the expansion of the cosmetics and skin care sectors, which is a result of higher disposable incomes and increased celebrity endorsements. Microgreens like clovers, broccoli, and radishes offer numerous benefits when applied topically. When combined, these microgreens form a powerful blend that is rich in beta-carotene and vitamins C, K, and E.

The demand for microgreens is largely fuelled by the growing health consciousness among consumers worldwide. With a higher concentration of vitamins and antioxidants, microgreens are recognised for their health benefits, including reduced risk of chronic diseases, enhanced immunity, and better digestion. The increasing awareness about these health benefits has led to greater consumption among health-conscious consumers, particularly within urban populations.

Microgreens have also gained popularity in the culinary world due to their intense flavours and aesthetic appeal, making them a favourite among chefs and home cooks alike. Their ability to enhance the visual presentation of a dish and add unique flavours has made them a staple in gourmet kitchens and high-end restaurants, consequently driving up the microgreens market share.

Advancements in farming technologies have significantly impacted the microgreens market. Hydroponic systems, vertical farming, and controlled environment agriculture (CEA) are some of the modern farming practices that have allowed for the year-round production of microgreens regardless of geographic and climatic conditions. These technologies also reduce water usage and increase crop yields, making microgreen farming more sustainable and economically viable, leading to the microgreens market development.

The urban farming movement has been a key driver for the microgreens market. City dwellers are increasingly turning to urban agriculture to grow their own food, driven by the desire for fresh produce and sustainability concerns. Microgreens, due to their small size and ability to thrive in limited spaces, are particularly well-suited for urban environments, further boosting their popularity and leading to microgreens market expansion.

The commercial sector is expected to hold a substantial portion of the market in the foreseeable future. This expansion can be credited to the growing utilisation of microgreens in a wide range of dishes, including omelettes, salads, and pastas, in establishments such as restaurants, food joints, and hotels. This trend is driven by the increasing demand for organic and nutritious food options. Additionally, microgreens contribute to enhancing the overall texture, flavour, and presentation of dishes, making them an excellent choice for garnishing purposes.

As per the microgreens market analysis, North America currently leads the global market, with widespread adoption in the United States and Canada, driven by health trends and advanced agricultural technologies. Additionally, Europe shows robust growth, supported by increased health awareness and the popularity of innovative, sustainable farming techniques. Meanwhile, Asia-Pacific is expected to witness significant growth due to rising urbanisation, expanding middle class, and increasing health consciousness, particularly in countries like China and India.

Market Segmentation

The market can be divided based on the product, farming method, distribution channel, end use, and region

Market Breakup by Product

• Cabbage
• Peas
• Radish
• Broccoli
• Lettuce and Chicory
• Basil
• Carrot
• Sunflower
• Fennel
• Others

Market Breakup by Farming Method

• Indoor Farming
• Vertical Farming
• Commercial Greenhouse
• Others

Market Breakup by Distribution Channel

• Supermarket/Hypermarket
• Retail Stores
• Online
• Others

Market Breakup by End Use

• Residential
• Commercial

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global microgreens market. Some of the major players explored in the report by Expert Market Research are as follows:

• GoodLeaf Community Farms Limited
• Farmbox Greens
• Metro Microgreens
• Superior Fresh
• Teshuva Agricultural Projects Ltd.
• Farm.One, Inc.
• Chef's Garden Inc
• Living Earth Farm
• AeroFarms LLC
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.