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Microgreens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 143 pages | ID: MD5C0F8243E2EN
IMARC Group

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The global microgreens market size reached US$ 1,522 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,470 Million by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.

Microgreens are seedlings and shoots of vegetables, grains and herbs with edible stems, cotyledons, or seed leaves, and true leaves. They are very small in size and can be grown locally at home or in small commercial facilities and harvested using small-scale equipment. Microgreens have an intense aromatic flavor and are a rich source of various essential nutrients, such as antioxidants, protein, vitamins, minerals and fiber. They include numerous plant families and can be used for growing cauliflower, broccoli, lettuce, carrots, dill, garlic, onion, amaranth, quinoa, beet, spinach, cucumber and melon. In comparison to vegetable sprouts, the roots and seeds of microgreens are not consumed. Regular consumption of microgreens can aid in preventing chronic medical ailments, managing weight, enhancing immunity and promoting mental well-being.

Microgreens Market Trends:
The increasing adoption of innovative vertical and indoor farming practices is one of the key factors driving the growth of the market. Consumers are increasingly adopting these environment-friendly hydroponics, aeroponics and aquaponics practices to enhance the yield and quality of value-rich crops and minimize the utilization of additional resources, such as nutrients, water, energy and space. Moreover, rising health consciousness among the masses is providing a thrust to the market growth. Microgreens exhibit anti-inflammatory properties that aid in minimizing the risks of developing cancer, cardiovascular disorders, diabetes, hypertension and high blood pressure. Additionally, the widespread product adoption in the manufacturing of cosmetic and personal care products with natural and organic ingredients and essential oils is acting as another growth-inducing factor. Microgreens also widely used as colorful and attractive garnishes on various food and beverages. Other factors, including the implementation of favorable government policies promoting sustainable agricultural practices, along with the increasing expenditure capacities of the consumers on premium, functional and nutrient-rich food products, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global microgreens market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, farming method, end use and distribution channel.

Breakup by Type:

Broccoli
Cabbage
Cauliflower
Arugula
Peas
Basil
Radish
Others

Breakup by Farming Method:

Indoor Vertical Farming
Commercial Greenhouses
Others

Breakup by End Use:

Residential
Commercial

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Retail Stores
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 2BFresh (Teshuva Agricultural Projects Ltd.), AeroFarms, Bowery Farming Inc., Farmbox Greens LLC (Charlie’s Produce), Fresh Origins, GoodLeaf Farms (TruLeaf), Gotham Greens, Living Earth Farm, Madar Farms, Metro Microgreens and The Chef's Garden Inc.

Key Questions Answered in This Report

1. What was the size of the global microgreens market in 2022?
2. What is the expected growth rate of the global microgreens market during 2023-2028?
3. What has been the impact of COVID-19 on the global microgreens market?
4. What are the key factors driving the global microgreens market?
5. What is the breakup of the global microgreens market based on the type?
6. What is the breakup of the global microgreens market based on the farming method?
7. What is the breakup of the global microgreens market based on the end use?
8. What is the breakup of the global microgreens market based on the distribution channel?
9. What are the key regions in the global microgreens market?
10. Who are the key players/companies in the global microgreens market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL MICROGREENS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Broccoli
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Cabbage
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Cauliflower
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Arugula
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Peas
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Basil
  6.6.1 Market Trends
  6.6.2 Market Forecast
6.7 Radish
  6.7.1 Market Trends
  6.7.2 Market Forecast
6.8 Others
  6.8.1 Market Trends
  6.8.2 Market Forecast

7 MARKET BREAKUP BY FARMING METHOD

7.1 Indoor Vertical Farming
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Commercial Greenhouses
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Others
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY END USE

8.1 Residential
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Commercial
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Supermarkets and Hypermarkets
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Retail Stores
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Others
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 2BFresh (Teshuva Agricultural Projects Ltd.)
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 AeroFarms
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Bowery Farming Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Farmbox Greens LLC (Charlie’s Produce)
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Fresh Origins
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 GoodLeaf Farms (TruLeaf)
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Gotham Greens
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Living Earth Farm
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Madar Farms
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Metro Microgreens
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 The Chef's Garden Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Microgreens Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Microgreens Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Microgreens Market Forecast: Breakup by Farming Method (in Million US$), 2023-2028
Table 4: Global: Microgreens Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Microgreens Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Microgreens Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Microgreens Market: Competitive Structure
Table 8: Global: Microgreens Market: Key Players

LIST OF FIGURES

Figure 1: Global: Microgreens Market: Major Drivers and Challenges
Figure 2: Global: Microgreens Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Microgreens Market: Breakup by Type (in %), 2022
Figure 5: Global: Microgreens Market: Breakup by Farming Method (in %), 2022
Figure 6: Global: Microgreens Market: Breakup by End Use (in %), 2022
Figure 7: Global: Microgreens Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: Microgreens Market: Breakup by Region (in %), 2022
Figure 9: Global: Microgreens (Broccoli) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Microgreens (Broccoli) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Microgreens (Cabbage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Microgreens (Cabbage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Microgreens (Cauliflower) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Microgreens (Cauliflower) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Microgreens (Arugula) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Microgreens (Arugula) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Microgreens (Peas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Microgreens (Peas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Microgreens (Basil) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Microgreens (Basil) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Microgreens (Radish) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Microgreens (Radish) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Microgreens (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Microgreens (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Microgreens (Indoor Vertical Farming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Microgreens (Indoor Vertical Farming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Microgreens (Commercial Greenhouses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Microgreens (Commercial Greenhouses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Microgreens (Other Farming Methods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Microgreens (Other Farming Methods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Microgreens (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Microgreens (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Microgreens (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Microgreens (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Microgreens (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Microgreens (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Microgreens (Retail Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Microgreens (Retail Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Microgreens (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Microgreens (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia-Pacific: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia-Pacific: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Microgreens Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Microgreens Market: Breakup by Country (in %), 2022
Figure 89: Middle East and Africa: Microgreens Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Microgreens Industry: SWOT Analysis
Figure 91: Global: Microgreens Industry: Value Chain Analysis
Figure 92: Global: Microgreens Industry: Porter's Five Forces Analysis


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