The global microgreens market is expected to grow at a compound annual growth rate of 6.90% over the forecast period to reach US$19.073 million in 2027 from US$11.953 million in 2020. There has been a surge in consumer awareness among consumers to consume and eat healthy and nutritious food products. Various public and private research institutions have enhanced and propelled their capacity to study and analyze a consumer’s preference regarding food products. Companies and institutions have begun to realize that there is a huge and widespread awareness among the public, regarding their food choices. The “healthy” word has gained significant traction in the last few years. The United States Food and Drug Administration has regulated the term “healthy” since 1993 and defines it concerning fat content. There were some changes made in 2016, that defined and differentiated the categories of fat present in food. A food product should contain lower fat content if it wants to be in a healthier category. The American Dietetic Association stated that there were no good or bad foods and a person’s regular and daily diet should be considered for overall judgment and definition. It has been found that the average consumer is willing to buy healthier food products, even if the product comes at a substantial cost or price.
Studies and research on different types of vegetables have registered considerable growth in the last few years. Health and fitness-conscious consumers are buying healthier and more nutritious vegetables such as greens, microgreens, and others. Several studies and surveys state that there has been an urge for organic and locally sourced products. Microgreens are a novel vegetable category that has registered significant growth in the last few years. With the rise of the middle-class population and the urge and willingness to spend more capital and resources, the global microgreen market has a bright and vivid prospect in the coming years. They are known as green leafy vegetables, which are harvested at their first stage of growth and contain pleasant textures, flavors, and exotic colors. They are generating global approval as a novel culinary ingredient, which is used to improve edible garnishes and salads and is also used to enhance other types of dishes. Despite their considerably higher price, the demand for these vegetables is significant. These vegetables are classified as niche products. Microgreens are rich in vitamins and nutrients and exhibit a significant number of antioxidant properties in their more developed types. It contains more nutrients than other green vegetables. They help in the reduction of heart-related diseases, diabetes, specific types of cancers, and Alzheimer’s disease. Microgreens are also environmentally friendly and sustainable practices are happening worldwide, to boost these vegetables' growth and cultivation. These vegetables require minimum energy and water for their growth and production, and they can be produced annually.
Broccoli holds a significant share in the global microgreen market owing to its extensive healthy and more nutritious qualities. It is also known as a cruciferous vegetable in several regions. In the United States, several types of broccoli are widely consumed. The colour of this vegetable ranges from dark green to deep sage, and some of the types also show slightly purplish textures. De Cicco and Calabrese are some of the popular types of broccoli in the United States. There have been several research studies conducted in various institutions and centres to discover and find the health and nutritious benefits of this type of food. Broccoli exhibits anti-inflammatory properties and can help in preventing and minimizing various types of cancer in the body, although this development is at a novel stage and several studies are required to study the positive effects of the product. It contains abundant minerals, vitamins, and phytonutrients that help in the development of antioxidant properties in the body.
Broccoli is one of the few vegetables that contain all types of antioxidants. It also aids to enhance detoxification and helps in digestion as well as cardiovascular support. Broccoli has become widely popular and many countries are growing and cultivating it for agricultural and farming purposes. According to the Food and Agriculture Organization, China and India accounted for 73% of the global production of broccoli in 2017. China is a leading producer of broccoli and produced around 10.4 million metric tonnes, followed by India, which produced 8.6 million metric tonnes in 2017. The USA, Spain, Mexico, and Italy are secondary producers, with each nation’s production being around 1 million metric tonnes or less in 2017. California is a major producer of broccoli in the United States and has 92% of the total share in the country. The total global production was around 26 million metric tonnes in 2017. This shows that broccoli will play an imperative role in the growth of the microgreen market.
Vertical farming will have an indispensable role in the growth of the microgreens market in the coming years. With the rising global population and surging urbanization, there is a widespread demand for arable and agricultural land to meet the food requirements and demand. Conventional practices have led to various environment-related problems such as deforestation, water scarcity, and loss of habitat. According to the World Bank, the world lost 502,000 sq. miles of land and forest between 1990 and 2016. The development of sustainable and environmentally friendly infrastructure has become imperative in recent years. Vertical farming is becoming widely accepted and favoured in recent years, as it oversees the production of high-value crops that provide more quality and yield than conventional farming. It utilizes proper usage of resources like nutrients, water, time, and space, thereby minimizing carbon footprint and effects. Vertical farming doesn't need considerable arable or agricultural land to grow crops. The hydroponic type of vertical farming is generating major growth because it doesn't require soil as a medium for the roots. According to the data given by the Food and Agriculture Organization, there were about 2.3 million sq. feet of indoor-related farms globally.
Geographically, North America and Europe hold a substantial share of the market on account of the early adoption of technology coupled with rising awareness about vertical farming. Also, with the decreasing agricultural land in various developed economies, the demand for microgreens is further anticipated to witness significant growth in the coming years.
The Latest Trends and Developments:
Covid-19 had a positive impact on Global Microgreen Market. Amid the pandemic, owing to the increasing number of active cases, a paradigm shift was observed in the dietary habits of many. The increasing health and hygiene awareness led people to consume more green vegetables and nutritious home-cooked food. Similarly, microgreens, rich in fibre, vitamin E & K, and anti-oxidants, witnessed an increasing demand during the pandemic and are expected to grow further during the projected period.
|Market size value in 2020||US$11.953 million|
|Market size value in 2027||US$19.073 million|
|Growth Rate||CAGR of 6.90% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Farming, End-Use, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Madar Farms, 2BFresh, Chef’s Garden Inc, Metro Microgreens, Florida Microgreens, AeroFarms LLC, Farmbox Greens LLC, Cherry Lane Farm, Greenbelt Microgreens, Fresh Origins|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the microgreens market size by 2027?
A1. The global microgreens market is expected to reach a total market size of US$19.073 million by 2027.
Q2. What is the size of the global microgreens market?
A2. Microgreens Market was valued at US$11.953 million in 2020.
Q3. What are the growth prospects for the microgreens market?
A3. The microgreens market is expected to grow at a CAGR of 6.90% during the forecast period.
Q4. Which region holds the largest market share in the microgreens market?
A4. Geographically, North America and Europe hold a substantial share in the Microgreens market on account of the early adoption of technology coupled with rising awareness about vertical farming.
Q5. What factors are anticipated to drive the microgreens market growth?
A5. Vertical farming will have an indispensable role in the microgreens market growth in the coming years.
Chef’s Garden Inc
Farmbox Greens LLC
Supple Agro (Microgreens)
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.