Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Microgreens Market size is expected to reach $2.6 billion by 2028, rising at a market growth of 10.6% CAGR during the forecast period.
The Food Service segment acquired maximum revenue share in the Global Microgreens Market by End User in 2021, thereby, achieving a market value of $1.24 billion by 2028. Because of their peppery flavour and crisp texture, microgreens are commonly employed as a flavoring and garnishing ingredient in restaurants. It improves the flavour and colour of a variety of restaurant foods, including mixed salads, juices, pastas, and omelettes. Key market players, like non-microgreens items, are always evolving needs for the commercial industry by adapting and innovating current microgreens. As a result, in recent years, there have been several product introductions, particularly in the food service market.
The Commercial Greenhouse segment is showcasing a CAGR of 10.8% during (2022 - 2028). The rise in the number of commercial greenhouses across various nations of the world is one of the major factors contributing to the growth of the segment. These greenhouses are planting these microgreens on a large scale and hence, fueling its demand.
The Broccoli segment is leading the Global Microgreens Market by Type in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $617.1 million by 2028. This is largely due to the health benefits of broccoli microgreens, which include inflammation reduction, cancer prevention, enhanced heart health, and better digestion. Broccoli microgreens are tart dark greens that make a terrific accent to any salad. The expansion of the microgreens market through the broccoli microgreens sector is expected to be fueled by an increase in health-conscious consumers and increased knowledge of the health advantages of broccoli microgreens.
The North America market dominated the Global Microgreens Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $952.3 million by 2028. The Europe market is estimated to witness a CAGR of 10.2% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 11.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/microgreens-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AeroFarms, LLC, Gotham Greens Holdings, LLC, Fresh Origins, The Chef's Garden, Inc., Farmbox Greens, LLC, Living Earth Farm, Bowery Farming, Inc., and Teshuva Agricultural Projects Ltd.
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