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Microgreens Market By Type, By Farming, By End User: Global Opportunity Analysis and Industry Forecast, 2019-2028

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    Report

  • 261 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5439759
The microgreens market size was valued at $1,276.0 million in 2019, and is estimated to reach $2,198.9 million by 2028, registering a CAGR of 11.1% from 2021 to 2028.

Microgreens are young, tender vegetable greens that are approximately 1-3 inches tall. They are harvested 714 days after germination, when they have two fully developed cotyledon leaves. Often called vegetable confetti. Microgreens are basically used to enhance the color, texture, or flavor of different foods such as pasta, pizza, omelets, and salads, due to their intense aromatic flavor and variety of colors and textures. They constituent a number of vitamins, minerals, and antioxidants.

Increase in spending for premium food products, healthy functional & nutritional food and growth in adoption of indoor vertical and greenhouse farming are some of the factors majorly attributing to the growth of the microgreens market during the forecast period. Indoor vertical and greenhouse farming is majorly used for the production of microgreens as it requires intense care through controlled environment.

Furthermore, growth in cosmetics and personal care industry is likely to drive the growth of the microgreens market during the forecast period, as microgreens-based oils and ingredients are majorly demanded for the production of consumer items such as shampoo and skincare products. Rise in adoption of farm mechanization and growth in awareness regarding the high-tech farming methods including hydroponics and aquaponics are expected to favor the growth of the microgreens market.
The outbreak of the COVID-19 pandemic has negatively affected the growth of the microgreens market. Sales of microgreens have witnessed significant decrease due to disturbed supply chain and closers of restaurants and grocery stores, which are vital distributing points and end users of the microgreens.

The microgreens market is segmented on the basis of type, farming, end user, and region. On the basis of type, the market is categorized into broccoli, cabbage, cauliflower, arugula, peas, radish, basil, carrots, and others. By farming, it is segregated into indoor vertical farming, commercial greenhouses, and other. By end user, market is segmented into retail, food service, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, Africa).

On the basis of type, the broccoli segment has been gaining major share in the global microgreens market and is expected to sustain its share during the forecast period. This is majorly attributed to health benefits associated broccoli microgreens such as fighting inflammation, cancer prevention, improved heart health, and improved digestion. Broccoli microgreens rich dark greens are a great addition to any mix due to their tangy flavor. Growth in health-conscious people and awareness regarding health benefits of the broccoli microgreens are likely to surge the growth of the global microgreens market though broccoli microgreens segment. According to microgreens market trends, depending on farming, the indoor vertical farming segment was valued at $776.0 million in 2019, and is expected to reach $1,361.1 million by 2028, with a CAGR of 11.3%.

Indoor vertical farming is cultivation of the agriculture produce in controlled environment such as in building, where crops are provided with required environment such as temperature, light, appropriate water, and growth medium. This farming method has been gaining major traction in the global microgreens market as it allows growers take production in any season and it increase the productivity of land. According to the United Nations, the world population is expected to reach 9.8 billion by 2050 and it is not possible to fulfill the food demand with conventional farming methods. Currently, agriculture production is decreasing day-by-day, owing to decreasing fertility of agriculture land and depletion of natural resources.

On the basis of end user, the food service segment is projected to grow at $1,242.8 million by 2028, registering a CAGR of 10.5%. Microgreens are majorly served to customers though the restaurants as people are increasingly demanding highly nutritious food. Chefs in the restaurants use microgreens as flavoring and garnishing agent, owing to its tasty flavor and crunchy texture. Microgreens are used to enhance the nutritional value, flavor, and texture of the pastas, omelet, pizzas, burgers, and salads. Furthermore, owing to rich sources of mineral and vitamins, it is used in the skin care and cosmetic products.

Region wise, North America dominated the microgreens market in 2019, and is expected to sustain its dominance throughout the forecast period. U.S. has been gaining major share in North America microgreens market and is expected to sustain its share during the forecast period. Rise and evolution of wellness focused diets, which include green vegetables salad and organic-based food items is expected to attract people toward the microgreens. In the U.S., the demand for microgreens is witnessing growth at a significant rate, owing to health benefits associated with its consumption such as reduce risk of heart diseases, chronic diseases, cancer, and Alzheimer. Consumers are increasingly opting for high protein consumption, resulting in strong requirement of high protein and low carb food products.
Thus, vegetable growers are focusing on cultivation of microgreens along with vegetables and increasing area under protected cultivation. For instance, according to the FAO 2017 and Hickman 2019, the area under protected cultivation in the U.S. is 15,000 ha, which is majorly used for growing tomato, herbs, cucumber, capsicum, and strawberry. Furthermore, area under protected cultivation in Mexico is 40,862 ha. Thus, growing area under protected cultivation in North America is expected to favor the growth of the microgreens market during the forecast period.

The players operating in the global microgreens market have adopted various developmental strategies to expand their microgreens market share, increase profitability, and remain competitive in the market. The key players profiled in this report include AeroFarms, Fresh Origins, Gotham Greens, Madar Farms, 2BFresh, The Chef's Garden Inc., Farmbox Greens LLC, Living Earth Farm, TruLeaf Sustainable Agriculture, and Bowery Farming.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the microgreens market analysis from 2019 to 2028 to identify the prevailing microgreens market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and Microgreens Market Opportunity.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the microgreens market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global Microgreens Industry.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the Microgreens Industry players.
  • The report includes the analysis of the regional as well as global microgreens market trends, key players, market segments, application areas, and market growth strategies.

Key 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

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Netherlands
  • Rest of Europe
  • Russia
  • Spain
  • Italy
  • France
  • Germany
  • U.K.
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • 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

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Pricing Analysis
CHAPTER 4: MICROGREENS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Broccoli
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Cabbage
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Cauliflower
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Arugula
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Peas
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Basil
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Radish
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
4.9 Cress
4.9.1 Key market trends, growth factors and opportunities
4.9.2 Market size and forecast, by region
4.9.3 Market analysis by country
5.0 Others
5.0.1 Key market trends, growth factors and opportunities
5.0.2 Market size and forecast, by region
5.0.3 Market analysis by country
CHAPTER 5: MICROGREENS MARKET, BY FARMING
5.1 Overview
5.1.1 Market size and forecast
5.2 Indoor vertical farming
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Commercial greenhouse
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: MICROGREENS MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Retail
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Food Service
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: MICROGREENS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Farming
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Farming
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Farming
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Farming
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Farming
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Russia
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Farming
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 Spain
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Farming
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 Italy
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Farming
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 France
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Farming
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Germany
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Farming
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 U.K.
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Farming
7.3.5.6.3 Market size and forecast, by End User
7.3.5.7 Netherlands
7.3.5.7.1 Market size and forecast, by Type
7.3.5.7.2 Market size and forecast, by Farming
7.3.5.7.3 Market size and forecast, by End User
7.3.5.8 Rest of Europe
7.3.5.8.1 Market size and forecast, by Type
7.3.5.8.2 Market size and forecast, by Farming
7.3.5.8.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Farming
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Farming
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Farming
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Farming
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Farming
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Farming
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest Of Asia Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Farming
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Farming
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Farming
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Farming
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Farming
7.5.5.3.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 AeroFarms
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Fresh Origins
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Gotham Greens
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Madar Farms
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 2BFresh
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 The Chef's Garden Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Farmbox Greens LLC
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Living Earth Farm
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Bowery Farming
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Teshuva Agricultural Projects Ltd
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Microgreens Market, by Type, 2019-2028, ($Million)
Table 2. Microgreens Market Revenue, for Broccoli, by Region, 2019-2028, ($Million)
Table 3. Microgreens Market Broccoli by Country, 2019-2028, ($Million)
Table 4. Microgreens Market Revenue, for Cabbage, by Region, 2019-2028, ($Million)
Table 5. Microgreens Market Cabbage by Country, 2019-2028, ($Million)
Table 6. Microgreens Market Revenue, for Cauliflower, by Region, 2019-2028, ($Million)
Table 7. Microgreens Market Cauliflower by Country, 2019-2028, ($Million)
Table 8. Microgreens Market Revenue, for Arugula, by Region, 2019-2028, ($Million)
Table 9. Microgreens Market Arugula by Country, 2019-2028, ($Million)
Table 10. Microgreens Market Revenue, for Peas, by Region, 2019-2028, ($Million)
Table 11. Microgreens Market Peas by Country, 2019-2028, ($Million)
Table 12. Microgreens Market Revenue, for Basil, by Region, 2019-2028, ($Million)
Table 13. Microgreens Market Basil by Country, 2019-2028, ($Million)
Table 14. Microgreens Market Revenue, for Radish, by Region, 2019-2028, ($Million)
Table 15. Microgreens Market Radish by Country, 2019-2028, ($Million)
Table 16. Microgreens Market Revenue, for Cress, by Region, 2019-2028, ($Million)
Table 17. Microgreens Market Cress by Country, 2019-2028, ($Million)
Table 18. Microgreens Market Revenue, for Others, by Region, 2019-2028, ($Million)
Table 19. Microgreens Market Others by Country, 2019-2028, ($Million)
Table 20. Global Microgreens Market, by Farming, 2019-2028, ($Million)
Table 21. Microgreens Market Revenue, for Indoor Vertical Farming, by Region, 2019-2028, ($Million)
Table 22. Microgreens Market Indoor Vertical Farming by Country, 2019-2028, ($Million)
Table 23. Microgreens Market Revenue, for Commercial Greenhouse, by Region, 2019-2028, ($Million)
Table 24. Microgreens Market Commercial Greenhouse by Country, 2019-2028, ($Million)
Table 25. Microgreens Market Revenue, for Others, by Region, 2019-2028, ($Million)
Table 26. Microgreens Market Others by Country, 2019-2028, ($Million)
Table 27. Global Microgreens Market, by End-user, 2019-2028, ($Million)
Table 28. Microgreens Market Revenue, for Retail, by Region, 2019-2028, ($Million)
Table 29. Microgreens Market Retail by Country, 2019-2028, ($Million)
Table 30. Microgreens Market Revenue, for Food Service, by Region, 2019-2028, ($Million)
Table 31. Microgreens Market Food Service by Country, 2019-2028, ($Million)
Table 32. Microgreens Market Revenue, for Others, by Region, 2019-2028, ($Million)
Table 33. Microgreens Market Others by Country, 2019-2028, ($Million)
Table 34. Microgreens Market, by Region, 2019-2028, ($Million)
Table 35. North America Microgreens Market, by Type, 2019-2028, ($Million)
Table 36. North America Microgreens Market, by Farming, 2019-2028, ($Million)
Table 37. North America Microgreens Market, by End-user, 2019-2028, ($Million)
Table 38. North America Microgreens Market, by Country, 2019-2028, ($Million)
Table 39. U.S. Microgreens Market by Type 2019-2028, ($Million)
Table 40. U.S. Microgreens Market by Farming 2019-2028, ($Million)
Table 41. U.S. Microgreens Market by End-user 2019-2028, ($Million)
Table 42. Canada Microgreens Market by Type 2019-2028, ($Million)
Table 43. Canada Microgreens Market by Farming 2019-2028, ($Million)
Table 44. Canada Microgreens Market by End-user 2019-2028, ($Million)
Table 45. Mexico Microgreens Market by Type 2019-2028, ($Million)
Table 46. Mexico Microgreens Market by Farming 2019-2028, ($Million)
Table 47. Mexico Microgreens Market by End-user 2019-2028, ($Million)
Table 48. Europe Microgreens Market, by Type, 2019-2028, ($Million)
Table 49. Europe Microgreens Market, by Farming, 2019-2028, ($Million)
Table 50. Europe Microgreens Market, by End-user, 2019-2028, ($Million)
Table 51. Europe Microgreens Market, by Country, 2019-2028, ($Million)
Table 52. Russia Microgreens Market by Type 2019-2028, ($Million)
Table 53. Russia Microgreens Market by Farming 2019-2028, ($Million)
Table 54. Russia Microgreens Market by End-user 2019-2028, ($Million)
Table 55. Spain Microgreens Market by Type 2019-2028, ($Million)
Table 56. Spain Microgreens Market by Farming 2019-2028, ($Million)
Table 57. Spain Microgreens Market by End-user 2019-2028, ($Million)
Table 58. Italy Microgreens Market by Type 2019-2028, ($Million)
Table 59. Italy Microgreens Market by Farming 2019-2028, ($Million)
Table 60. Italy Microgreens Market by End-user 2019-2028, ($Million)
Table 61. France Microgreens Market by Type 2019-2028, ($Million)
Table 62. France Microgreens Market by Farming 2019-2028, ($Million)
Table 63. France Microgreens Market by End-user 2019-2028, ($Million)
Table 64. Germany Microgreens Market by Type 2019-2028, ($Million)
Table 65. Germany Microgreens Market by Farming 2019-2028, ($Million)
Table 66. Germany Microgreens Market by End-user 2019-2028, ($Million)
Table 67. U.K. Microgreens Market by Type 2019-2028, ($Million)
Table 68. U.K. Microgreens Market by Farming 2019-2028, ($Million)
Table 69. U.K. Microgreens Market by End-user 2019-2028, ($Million)
Table 70. Netherlands Microgreens Market by Type 2019-2028, ($Million)
Table 71. Netherlands Microgreens Market by Farming 2019-2028, ($Million)
Table 72. Netherlands Microgreens Market by End-user 2019-2028, ($Million)
Table 73. Rest of Europe Microgreens Market by Type 2019-2028, ($Million)
Table 74. Rest of Europe Microgreens Market by Farming 2019-2028, ($Million)
Table 75. Rest of Europe Microgreens Market by End-user 2019-2028, ($Million)
Table 76. Asia-Pacific Microgreens Market, by Type, 2019-2028, ($Million)
Table 77. Asia-Pacific Microgreens Market, by Farming, 2019-2028, ($Million)
Table 78. Asia-Pacific Microgreens Market, by End-user, 2019-2028, ($Million)
Table 79. Asia-Pacific Microgreens Market, by Country, 2019-2028, ($Million)
Table 80. China Microgreens Market by Type 2019-2028, ($Million)
Table 81. China Microgreens Market by Farming 2019-2028, ($Million)
Table 82. China Microgreens Market by End-user 2019-2028, ($Million)
Table 83. Japan Microgreens Market by Type 2019-2028, ($Million)
Table 84. Japan Microgreens Market by Farming 2019-2028, ($Million)
Table 85. Japan Microgreens Market by End-user 2019-2028, ($Million)
Table 86. India Microgreens Market by Type 2019-2028, ($Million)
Table 87. India Microgreens Market by Farming 2019-2028, ($Million)
Table 88. India Microgreens Market by End-user 2019-2028, ($Million)
Table 89. South Korea Microgreens Market by Type 2019-2028, ($Million)
Table 90. South Korea Microgreens Market by Farming 2019-2028, ($Million)
Table 91. South Korea Microgreens Market by End-user 2019-2028, ($Million)
Table 92. Australia Microgreens Market by Type 2019-2028, ($Million)
Table 93. Australia Microgreens Market by Farming 2019-2028, ($Million)
Table 94. Australia Microgreens Market by End-user 2019-2028, ($Million)
Table 95. Rest of Asia-Pacific Microgreens Market by Type 2019-2028, ($Million)
Table 96. Rest of Asia-Pacific Microgreens Market by Farming 2019-2028, ($Million)
Table 97. Rest of Asia-Pacific Microgreens Market by End-user 2019-2028, ($Million)
Table 98. LAMEA Microgreens Market, by Type, 2019-2028, ($Million)
Table 99. LAMEA Microgreens Market, by Farming, 2019-2028, ($Million)
Table 100. LAMEA Microgreens Market, by End-user, 2019-2028, ($Million)
Table 101. LAMEA Microgreens Market, by Country, 2019-2028, ($Million)
Table 102. Latin America Microgreens Market by Type 2019-2028, ($Million)
Table 103. Latin America Microgreens Market by Farming 2019-2028, ($Million)
Table 104. Latin America Microgreens Market by End-user 2019-2028, ($Million)
Table 105. Middle East Microgreens Market by Type 2019-2028, ($Million)
Table 106. Middle East Microgreens Market by Farming 2019-2028, ($Million)
Table 107. Middle East Microgreens Market by End-user 2019-2028, ($Million)
Table 108. Africa Microgreens Market by Type 2019-2028, ($Million)
Table 109. Africa Microgreens Market by Farming 2019-2028, ($Million)
Table 110. Africa Microgreens Market by End-user 2019-2028, ($Million)
Table 111. Aerofarms: Company Snapshot
Table 112. Aerofarms: Operating Segments
Table 113. Aerofarms: Product Portfolio
Table 114. Aerofarms: Net Sales
Table 115. Aerofarms: Key Stratergies
Table 116. Fresh Origins: Company Snapshot
Table 117. Fresh Origins: Operating Segments
Table 118. Fresh Origins: Product Portfolio
Table 119. Fresh Origins: Net Sales
Table 120. Fresh Origins: Key Stratergies
Table 121. Gotham Greens: Company Snapshot
Table 122. Gotham Greens: Operating Segments
Table 123. Gotham Greens: Product Portfolio
Table 124. Gotham Greens: Net Sales
Table 125. Gotham Greens: Key Stratergies
Table 126. Madar Farms: Company Snapshot
Table 127. Madar Farms: Operating Segments
Table 128. Madar Farms: Product Portfolio
Table 129. Madar Farms: Net Sales
Table 130. Madar Farms: Key Stratergies
Table 131.2Bfresh: Company Snapshot
Table 132.2Bfresh: Operating Segments
Table 133.2Bfresh: Product Portfolio
Table 134.2Bfresh: Net Sales
Table 135.2Bfresh: Key Stratergies
Table 136. The Chef's Garden Inc.: Company Snapshot
Table 137. The Chef's Garden Inc.: Operating Segments
Table 138. The Chef's Garden Inc.: Product Portfolio
Table 139. The Chef's Garden Inc.: Net Sales
Table 140. The Chef's Garden Inc.: Key Stratergies
Table 141. Farmbox Greens LLC: Company Snapshot
Table 142. Farmbox Greens LLC: Operating Segments
Table 143. Farmbox Greens LLC: Product Portfolio
Table 144. Farmbox Greens LLC: Net Sales
Table 145. Farmbox Greens LLC: Key Stratergies
Table 146. Living Earth Farm: Company Snapshot
Table 147. Living Earth Farm: Operating Segments
Table 148. Living Earth Farm: Product Portfolio
Table 149. Living Earth Farm: Net Sales
Table 150. Living Earth Farm: Key Stratergies
Table 151. Bowery Farming: Company Snapshot
Table 152. Bowery Farming: Operating Segments
Table 153. Bowery Farming: Product Portfolio
Table 154. Bowery Farming: Net Sales
Table 155. Bowery Farming: Key Stratergies
Table 156. Teshuva Agricultural Projects Ltd: Company Snapshot
Table 157. Teshuva Agricultural Projects Ltd: Operating Segments
Table 158. Teshuva Agricultural Projects Ltd: Product Portfolio
Table 159. Teshuva Agricultural Projects Ltd: Net Sales
Table 160. Teshuva Agricultural Projects Ltd: Key Stratergies
LIST OF FIGURES
Figure 1. Microgreens Market Segmentation
Figure 2. Microgreens Market, 2019-2028
Figure 3. Microgreens Market, 2019-2028
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Microgreens Market:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 12. Microgreens Market, by Type, 2019 (%)
Figure 13. Comparative Share Analysis of Broccoli Microgreens Market, 2019-2028 (%)
Figure 14. Comparative Share Analysis of Cabbage Microgreens Market, 2019-2028 (%)
Figure 15. Comparative Share Analysis of Cauliflower Microgreens Market, 2019-2028 (%)
Figure 16. Comparative Share Analysis of Arugula Microgreens Market, 2019-2028 (%)
Figure 17. Comparative Share Analysis of Peas Microgreens Market, 2019-2028 (%)
Figure 18. Comparative Share Analysis of Basil Microgreens Market, 2019-2028 (%)
Figure 19. Comparative Share Analysis of Radish Microgreens Market, 2019-2028 (%)
Figure 20. Comparative Share Analysis of Cress Microgreens Market, 2019-2028 (%)
Figure 21. Comparative Share Analysis of Others Microgreens Market, 2019-2028 (%)
Figure 22. Microgreens Market, by Farming, 2019 (%)
Figure 23. Comparative Share Analysis of Indoor Vertical Farming Microgreens Market, 2019-2028 (%)
Figure 24. Comparative Share Analysis of Commercial Greenhouse Microgreens Market, 2019-2028 (%)
Figure 25. Comparative Share Analysis of Others Microgreens Market, 2019-2028 (%)
Figure 26. Microgreens Market, by End-user, 2019 (%)
Figure 27. Comparative Share Analysis of Retail Microgreens Market, 2019-2028 (%)
Figure 28. Comparative Share Analysis of Food Service Microgreens Market, 2019-2028 (%)
Figure 29. Comparative Share Analysis of Others Microgreens Market, 2019-2028 (%)
Figure 30. Microgreens Market by Region, 2019
Figure 31. U.S. Microgreens Market, 2019-2028 ($Million)
Figure 32. Canada Microgreens Market, 2019-2028 ($Million)
Figure 33. Mexico Microgreens Market, 2019-2028 ($Million)
Figure 34. Russia Microgreens Market, 2019-2028 ($Million)
Figure 35. Spain Microgreens Market, 2019-2028 ($Million)
Figure 36. Italy Microgreens Market, 2019-2028 ($Million)
Figure 37. France Microgreens Market, 2019-2028 ($Million)
Figure 38. Germany Microgreens Market, 2019-2028 ($Million)
Figure 39. U.K. Microgreens Market, 2019-2028 ($Million)
Figure 40. Netherlands Microgreens Market, 2019-2028 ($Million)
Figure 41. Rest of Europe Microgreens Market, 2019-2028 ($Million)
Figure 42. China Microgreens Market, 2019-2028 ($Million)
Figure 43. Japan Microgreens Market, 2019-2028 ($Million)
Figure 44. India Microgreens Market, 2019-2028 ($Million)
Figure 45. South Korea Microgreens Market, 2019-2028 ($Million)
Figure 46. Australia Microgreens Market, 2019-2028 ($Million)
Figure 47. Rest of Asia-Pacific Microgreens Market, 2019-2028 ($Million)
Figure 48. Latin America Microgreens Market, 2019-2028 ($Million)
Figure 49. Middle East Microgreens Market, 2019-2028 ($Million)
Figure 50. Africa Microgreens Market, 2019-2028 ($Million)
Figure 51. Top Winning Strategies, by Year
Figure 52. Top Winning Strategies, by Development
Figure 53. Top Winning Strategies, by Company
Figure 54. Product Mapping of Top 10 Players
Figure 55. Competitive Dashboard
Figure 56. Competitive Heatmap of Top 10 Key Players
Figure 57. Aerofarms.: Net Sales, ($Million)
Figure 58. Fresh Origins.: Net Sales, ($Million)
Figure 59. Gotham Greens.: Net Sales, ($Million)
Figure 60. Madar Farms.: Net Sales, ($Million)
Figure 61. 2Bfresh.: Net Sales, ($Million)
Figure 62. The Chef's Garden Inc. Net Sales, ($Million)
Figure 63. Farmbox Greens LLC.: Net Sales, ($Million)
Figure 64. Living Earth Farm.: Net Sales, ($Million)
Figure 65. Bowery Farming.: Net Sales, ($Million)
Figure 66. Teshuva Agricultural Projects Ltd.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Microgreens Market,' the microgreens market size was valued at $1.3 billion in 2019, and is estimated to reach $2.2 billion by 2028, growing at a CAGR of 11.1% from 2021 to 2028.

Microgreens are edible plants that are harvested in the juvenile growth stage. They have a quick crop cycle. They are ready to harvest in around 7 to 14 days, depending on the species and varieties of the microgreens. Microgreens are majorly cultivated in the indoor vertical and greenhouse farming methods as they need intense care and controlled environment. The favorable temperature for the healthy and desired growth of microgreens is 18 to 24°C and relative humidity (RH) of 40 to 60%; therefore, protected cultivation is majorly used.

Microgreens have been gaining major popularity among the health-conscious people as they contain huge among of vitamins and antioxidants, which helps reduce the risk of cardiovascular and chronic diseases. Furthermore, Microgreens Market Demandneed comparatively less resources to grow at home for daily consumption; therefore, it can be easily grown in the garden and rooftop. Rise in adoption of the protected cultivation and financial and technical support from the government to farmers for erection of protected cultivation plants are likely to support to increase the production of microgreens. Furthermore, growing use of Microgreens Market Trends in the food services industry as flavor and texture enhancement ingredient is expected to surge the demand for microgreens. Due to the COVID-19 pandemic, supply chain has been adversely affected and whole food & beverage industry is still incurring losses. Governments are frequently practicing total lockdown to limit the spread of corona virus, in which restaurants are strictly suggested to close.

Restaurant is one of the major selling points of the microgreens. Temporarily, COVID-19 pandemic is restraining the growth of the global microgreens market during the forecast period. The microgreens market is segmented on the basis of type, farming, end user, and region. On the basis of type, the market is categorized into broccoli, cabbage, cauliflower, arugula, peas, radish, basil, carrots, and others. By farming, it is segregated into indoor vertical farming, commercial greenhouses, and other. By end user, market is segmented into retail, food service, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Germany, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
On the basis of type, the arugula segment was valued at $205.6 million in 2019, and is projected to reach $308.3 million by 2028, registering a CAGR of 9.3% from 2021 to 2028. Arugula is one of the most popular type of microgreens among the chefs and consumers. It is majorly used in the restaurants by the chefs as favoring and garnishing agent. It is rich sources of vitamins and minerals. For instance, according to the United States Department for Agriculture (USDA) Trusted Source nutrient database, a cup of arugula weighing around 20 grams contains approximately 5 calories. It contains 0.516 g of protein and 0.132 g of fat per 20 grams of arugula microgreens.
On the basis of farming, the commercial greenhouse segment is estimated to reach $642.6 million by 2028, at a CAGR of 9.9%. Growing area under greenhouse farming and rapid adoption of the greenhouse farming for the cultivation of the high valued crops including microgreens are likely to favor the Microgreens Market Growth. Microgreens need specific temperature and humidity for its healthy growth; therefore, greenhouse is suitable farming method for the cultivation of the microgreens.

Furthermore, government is actively supporting the greenhouse farmers by providing subsidy and technical help, which is expected to increase the area under greenhouse farming. Region wise, Europe was valued at $415.5 million in 2019, and is expected to reach $640.3 million by 2028, registering a CAGR of 9.7% from 2021 to 2028. Growing start-ups who deals in production and selling of the microgreens are majorly favoring the growth of the Europe microgreens market during the forecast period. For instance, Infarm, founded in 2013, the Berlin-based startup, has developed vertical farming tech for grocery stores, restaurants, and local distribution centers to bring fresh and artisan produce much closer to the consumer is expanding to Paris.

The players operating in the microgreens industry have adopted product launch and business expansion as their key developmental strategies to expand their Microgreens Market Share, increase profitability, and remain competitive in the market. The key players profiled in this report include AeroFarms, Fresh Origins, Gotham Greens, Madar Farms, 2BFresh, The Chef's Garden Inc., Farmbox Greens LLC, Living Earth Farm, TruLeaf Sustainable Agriculture, and Bowery Farming.

Companies Mentioned

  • 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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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