Product Code: CMI7462
Global microgreens market is estimated to be valued at USD 3.71 Bn in 2024 and is expected to reach USD 7.38 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
3.71 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
10.30% |
2031 Value Projection: |
7.38 Bn |
Figure. Microgreens Market Share (%), By Region, 2024
Microgreens are the early growth stage of edible greens and herbs that are typically harvested when their leaves and stems are small, between 2 and 4 inches in height. These have a concentrated flavor and nutrient profile compared to full size greens. Microgreens have gained popularity in recent years due to their fresh taste, vibrant colors, and high nutritional content. These are rich in antioxidants, vitamins, and minerals. Their production requires minimal land and resources compared to traditional crops which has further increased their adoption among growers and commercial producers. Growing consumer health consciousness and preference for fresh ingredients in food has boosted the demand for microgreens globally.
Market Dynamics
As microgreens production requires minimal resources, these provide an alternative source of income for small holders and urban growers. Their higher yields compared to conventional greens coupled with rising consumption worldwide can drive the microgreens market growth. However, inconsistent regulations regarding food safety protocols and lack of standard production practices can hamper the market growth. Growing popularity of organic and locally grown produce provides an opportunity for market expansion through strategic partnerships with retailers and food service providers. Adoption of vertical farming and controlled environment agriculture can help overcome seasonal and climate challenges.
Key Features of the Study
This report provides in-depth analysis of the global microgreens market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global microgreens market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include AeroFarms, Fresh Origins, Gotham Greens, Good Leaf Farms, Living Earth Farms, Farmbox Greens, Chef's Garden, Bowery Farming, Teshuva Agricultural Projects Ltd., Madar Farms, and Metro Microgreens
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global microgreens market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global microgreens market
Market Segmentation
- Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- Broccoli
- Radish
- Pea Shoots
- Basil
- Cabbage
- Arugula
- Others
- Farming Method Insights (Revenue, USD Bn, 2019 - 2031)
- Indoor Farming
- Conventional Farming (Soil-Based)
- Vertical Farming
- Others
- Distribution Channel Insights (Revenue, USD Bn, 2019 - 2031)
- Retail
- Direct Sales (Farmers' Markets)
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- AeroFarms
- Fresh Origins
- Gotham Greens
- Good Leaf Farms
- Living Earth Farms
- Farmbox Greens
- Chef's Garden
- Bowery Farming
- Teshuva Agricultural Projects Ltd.
- Madar Farms
- Metro Microgreens
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Farming Method
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Microgreens Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Microgreens Market - COVID-19
- Impact Analysis
5. Global Microgreens Market, By Product Type, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Broccoli
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Radish
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pea Shoots
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Basil
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cabbage
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Arugula
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Microgreens Market, By Farming Method, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Indoor Farming
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Conventional Farming (Soil-Based)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Vertical Farming
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Microgreens Market, By Distribution Channel, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Retail
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Direct Sales (Farmers' Markets)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Microgreens Market, By Region, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Farming Method, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Farming Method, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Farming Method, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Farming Method, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Farming Method, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country/Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country/Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Farming Method, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- AeroFarms
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Fresh Origins
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Gotham Greens
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Good Leaf Farms
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Living Earth Farms
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Farmbox Greens
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Chef's Garden
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Bowery Farming
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Teshuva Agricultural Projects Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Madar Farms
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Metro Microgreens
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
10. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact