by The global microgreens market is experiencing a remarkable transformation, driven by the surging demand for nutrient-rich diets and the adoption of innovative indoor vertical farming techniques. Microgreens, packed with essential vitamins and minerals, have become a staple for health-conscious consumers worldwide.
Indoor Vertical Farming: A Growing Trend
Consumers are increasingly turning to indoor vertical farming to ensure year-round production of microgreens. This modern farming method offers precise control over growing conditions, including light, temperature, water, and growth catalysts. As the worlds population is projected to reach 9.8 billion by 2050, the need for alternative food production methods becomes crucial. Indoor vertical farming is emerging as a viable solution, driving the expansion of the global microgreens market.
Broccoli Microgreens: A Health Enthusiasts Favorite
Among the various microgreens available, broccoli microgreens are witnessing a surge in demand, particularly from health-conscious individuals. These tiny greens offer numerous health benefits, including anti-inflammatory properties, immune system support, improved digestion, and enhanced heart health. High levels of sulforaphane in broccoli microgreens also contribute to cardiovascular health, anti-diabetic effects, anti-aging properties, and cognitive function enhancement.
North America Leads the Microgreens Market
North America is at the forefront of the microgreens market, primarily due to changing consumer preferences and the rise of lifestyle-related diseases. Developed economies like Canada and the United States have seen a growing trend towards wellness diets, including green salads and organic foods. The adoption of advanced farming techniques, such as vertical, indoor, and hydroponic farming, is boosting microgreens production in the region, leading to increased revenue for farmers.
The perceived health benefits of microgreens, including a reduced risk of heart disease, cancer, and Alzheimers, are driving their consumption in North America. Consumers preference for protein-rich, low-carb, and low-fat foods is further fueling demand, resulting in expanded cultivation areas and increased production of microgreens.
Asia Pacific Emerges as a Lucrative Market
In Asia Pacific, emerging nations are presenting significant growth opportunities for the microgreens market. Factors such as a rising population, increasing prevalence of chronic diseases, and growing consumer interest in diet and nutrition are contributing to the regions potential. Stable growth in GDP per capita is expected to further boost demand for microgreens in these economies.
Competitive Landscape
Key players in the microgreens market are focusing on strategic partnerships, expanding production facilities, and enhancing distribution capacities. For instance, AeroFarms expanded its distribution to over 350 Stop & Shop Stores in New England and North-East regions in 2021. Good Leaf Farms is set to complete the construction of a 74,000 sq. ft. indoor vertical farm by the end of 2022, aiming to increase capacity. Partnerships, such as the one between AeroFarms and Precision Indoor Plants, are harnessing indoor agriculture technology to extend the shelf life of lettuce, reducing food wastage and increasing profitability for farmers.
Leading companies in the microgreens market include Farmbox Greens Inc., Living Earth Farms, AeroFarms, Good Leaf Farms, Chef’s Garden, Fresh Origins, Teshuva Agricultural Projects Ltd., Gotham Greens, and Bowery Farming.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/microgreens-market
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This press release first seen on Brilad
COMTEX_442041250/2840/2023-10-17T19:56:02
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.