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Microgreens Market to Grow at a CAGR of 13.50% During the Forecast Period (2023 and 2030)

Nov 21, 2023 10:00 PM ET

Microgreens Market to Grow at a CAGR of 13.50% During the Forecast Period (2023 and 2030)

Market Overview

The Microgreens Market Information By Services, End-Use And Region – Forecast till 2030″ research by Market Research Future (MRFR) states that the market will reach USD 2.48 billion by 2030 at a 13.50% CAGR.

Young, delicate vegetable greens microgreens grow to a height of one to three inches. They are harvested once they have two fully formed cotyledon leaves, which occurs 7–14 days following germination. Throughout the forecast period, the microgreens market is expected to rise due to several factors, including rising expenditures for high-quality food products, growing demand for nutritious and functional foods, and an increase in indoor vertical and greenhouse cultivation usage. Microgreens are primarily grown inside using vertical farming and greenhouses since they need special attention and a regulated environment. Additionally, throughout the forecast period, the growth of product markets is anticipated to be driven by the expansion of the personal care and cosmetics industries since the primary demand for oils and components derived from microgreens is for consumer goods like shampoo and skincare products.

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Growing knowledge of high-tech farming techniques like aeroponics, aquaponics, and hydroponics and an increase in farm mechanization is predicted to support the expansion of the microgreens market. Chefs who employ microgreens as vibrant garnishes and taste enhancers are the main drivers of the microgreens market, but cosmetics is another specialized industry driving fresh growth in this space. These microgreens are processed to create oils and chemicals used in consumer goods like cosmetics and shampoo. Microgreens are highly desirable for personal care product producers since they are rich in vitamins A and B and many other micro-elements. This is anticipated to increase demand for microgreens in the long run.

Also known as veggie confetti. Because microgreens have a strong, fragrant flavor and a range of colors and textures, they are mostly used to improve the color, texture, or flavor of various cuisines like pasta, pizza, omelets, and vegetables. They include a variety of minerals, vitamins, and antioxidants. Farmers are turning to high-tech production techniques like indoor farming because there is less arable land available due to population growth and rising food demand. In addition, people’s increased awareness of their health has encouraged them to eat a diet rich in nutrients, prompting indoor farming methods to be adopted. In addition to cultivating it indoors at home, consumers primarily grow it in enormous greenhouses.

Market Competitive Landscape:

  • The Chef’s Garden Inc.
  • Farmbox Greens LLC
  • AeroFarms
  • Fresh Origins
  • Gotham Greens
  • Madar Farms
  • 2BFresh
  • Living Earth Farm,

Market Segmentation

The farming-based microgreens market segmentation includes commercial greenhouses and indoor vertical farming farming. The distribution channels into retail and farmer’s markets have divided the microgreens market statistics. The microgreens market has been divided into residential and commercial segments based on end users. Based on type, the microgreens market is segmented into the following categories: peas, radish, basil, broccoli, cabbage, cauliflower, and cress.

Regional Insights

North America accounted for the microgreens industry’s largest share. The demand for microgreens is rising in this region because people are more conscious of the advantages of balanced diets and health and incorporating green vegetable salads and organic foods, such as microgreens, into their diets. It is because eating healthier and supporting organic farming is becoming increasingly popular. It comes from people’s growing consciousness of the health benefits of eating organic food. The growing trend of incorporating microgreens into salads and organic foods has benefited this industry. Growers in the United States have achieved large-scale microgreens production with improved indoor and vertical farming techniques.

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COVID-19 Analysis 

The Covid-19 epidemic in 2020 increased demand for contact-free biometric services at airports because they provide identity and verification without any physical touch. Contactless biometric services provide quick and accurate identification while limiting exposure. Additionally, the pandemic has compelled airport management to implement contactless thermal checking biometric equipment to monitor passenger admission by measuring body temperature. Throughout the projected period, it is anticipated that the contactless airport biometric services industry will continue to rise. Airports all around the world are quickly implementing contactless biometric services including face recognition, voice recognition, & 3D advanced fingerprint recognition.

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