Microgreen Market Size
Global Microgreen Market to surpass USD 4.8 billion by 2031 from USD 1.5 billion in 2021 at a CAGR of 12.3% in the coming years, i.e., 2021-2031.
Microgreens are vegetable greens collected after one set of genuine leaves has formed on the cotyledon leaves. They're utilized as a dietary supplement, a cosmetic enhancement, and a flavor and texture enhancer. Microgreens are used to flavor dishes with sweetness and spiciness. Microgreens are smaller than 'baby greens' as they are harvested shortly after sprouting rather than after the plant has grown into many leaves. They are currently regarded as a specialist greens genre in upscale grocers, suitable for garnishing salads, sandwiches, soups, and plates.
Market Highlights
Global Microgreen Market is estimated to reach a remarkable CAGR of 12.3% by the end of 2031
The microgreen industry is being driven by an increase in expenditure on premium food goods, healthy functional and nutritious food, and the use of indoor vertical and greenhouse farming. Microgreens are mostly grown in indoor verticals and greenhouse farms since they demand a lot of attention and a regulated environment. Furthermore, the utilization of microgreens in the cosmetics and personal care industry is expected to propel the product market forward.
Global Microgreen Market: Segments
The broccoli segment is projected to grow considerably with the highest CAGR during 2021-31
Global Microgreen Market is classified on the basis of Type into Broccoli, Cabbage, Cauliflower, Arugula, Peas, Basil, Radish, Cress, and Others. Broccoli has been acquiring significant market share in the worldwide microgreens market, and this trend is projected to continue over the forecast period. This is largely due to the health benefits of broccoli microgreens, which include inflammation reduction, cancer prevention, enhanced heart health, and better digestion. Broccoli microgreens are tart dark greens that make a terrific accent to any salad.
Food Service segment is predicted to lead with the highest CAGR during 2021-31
Based on End Users, the global Microgreen Market is fragmented into Retail, Food Service, and Others. Over the forecast period, the foodservice segment is expected to increase significantly. Owing to their peppery flavour and crisp texture, microgreens are commonly employed as a flavouring and garnishing ingredient in restaurants. It improves the flavour and colour of a variety of restaurant foods, including mixed salads, juices, pastas, and omelettes.
Market Dynamics
Drivers
Increasing disposable income and rise in adoption of indoor, vertical, and greenhouse farming
Increased expenditure on premium food products, healthy functional and nutritional foods, and increased adoption of vertical, indoor, and greenhouse farming are some of the factors propelling the microgreens market forward throughout the forecast period. Microgreens are mostly grown in indoor, vertical and greenhouse farms since they demand a lot of attention and a regulated environment.
Rising use of Microgreens in the personal care industry and cosmetics
The expanding use of microgreens in the cosmetics and personal care industry is expected to propel the product market forward during the forecast period, as microgreens-based oils and components are in high demand for consumer products like shampoo and skincare. Microgreens Market Growth is likely to be aided by increased use of farm mechanization and increased awareness of high-tech farming methods such as hydroponics, aeroponics, and aquaponics.
Restraint
High risk of diseases and pests
The lack of agricultural understanding, the high initial expense of putting up a plant-growing environment, and the significant danger of pests and diseases are all issues limiting market expansion.
Global Microgreen Market: Key Players
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AeroFarms
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Fresh Origins
- Gotham Greens
- Madar Farms
- 2BFresh
- The Chef's Garden Inc.
- Farmbox Greens LLC
- Living Earth Farm
- Bowery Farming
- Teshuva Agricultural Projects Ltd
- Other Prominent Players
Global Microgreen Market: Regions
Global Microgreen Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America has dominated the microgreens market in recent years, and this trend is projected to continue during the projection period. The United States has been gaining significant market share in North America, and this trend is projected to continue during the projection period. People are predicted to gravitate toward microgreens with the rise and evolution of wellness-focused diets, which include green vegetable salads and organic-based food items.
Impact of COVID-19 on Microgreen Market
The COVID-19 epidemic has had a negative impact on the Microgreens Market Demand. Due to a disrupted supply chain and the closure of restaurants and grocery stores, which are important distributing hubs and end users of microgreens, sales have dropped significantly.
Global Microgreen Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States, Mexico, and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Netherlands, Russia, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Australia, and Rest of Asia Pacific
- the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, South Africa, and Rest of the Middle East and Africa
Global Microgreen Market report also contains analysis on:
Microgreen Market Segments:
- By Type
- Broccoli
- Cabbage
- Cauliflower
- Arugula
- Peas
- Basil
- Radish
- Cress
- Others
- By Farming
- Indoor Vertical Farming
- Commercial Greenhouse
- Others
- By End User
- Retail
- Food Service
- Others
- Microgreen Market Dynamics
- Microgreen Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Frequently Asked Questions (FAQ):
The Microgreen Market size was estimated at USD 1.5 billion in 2021 and is expected to reach USD 4.8 billion in 2031.
Young seedlings of edible herbs and vegetables are known as microgreens. Microgreens can be picked and consumed a week to ten days after the cotyledon, a component of the embryo within the seed leaves has matured, unlike larger herbs and vegetables that take weeks to months to grow.
The Broccoli segment accounted for the largest Microgreen Market share
Key players in the Microgreen Market include AeroFarms, Fresh Origins, Gotham Greens, Madar Farms, 2BFresh, The Chef's Garden Inc., Farmbox Greens LLC, Living Earth Farm, Bowery Farming, Teshuva Agricultural Projects Ltd, and other prominent players.
The market is developing due to the rising adoption of indoor farming practices and increased uses in personal care products.
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