Asparagus Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Asparagus Market by region.
Global Asparagus Market is valued approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Asparagus also known as garden asparagus, and sparrow grass is a flowering plant species mostly found in Siberia and southern Africa. Moreover, it is also grown in Mediterranean region throughout North Africa, Europe, and the Middle East. Asparagus is low in calories and contains fibre, folate, and vitamins A, C, and K. It offers several health benefits including lower blood pressure, improve digestive health, promotes weight loss, breaks down toxins in the liver by increasing liver enzymes, and strengthen immune system. The increasing demand for Organic Asparagus and growing consumption of dietary supplements are key factors accelerating the market growth.
The increasing demand for dietary supplements is contributing to the growth of the Global Asparagus Market. For instance, according to Statista – in 2021, the dietary supplement market worldwide was estimated at USD 137 billion, and the market is projected to grow to USD 239.4 billion by 2028. Moreover, as per Statista – In 2019, the global sales of vitamins and minerals supplement was estimated at USD 57 million, and the sales are expected to reach USD 84.6 million by 2025. Also, rising number of health-conscious individuals and growing emergence of online distribution channels would create lucrative growth prospectus for the market over the forecast period. However, the lack of penetration of Asparagus in developing regions stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Asparagus Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the increasing demand for vitamins and minerals supplements in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric populations, and increasing expansion of e-commerce industry in the region.
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Major market players included in this report are:
- Altar Produce LLC
- DanPer Trjillo S.A.C
- Sociedad Agricola Viru
- Teboza B.V.
- Limgroup B.V.
- Thiermann Spagel Farm
- Ilios – The Greek Asparagus Company
- Cutter Asparagus Seed
- Bejo Seeds LTD.
- Jersey Asparagus Farms INC.
Recent Developments in the Market:
In October 2019, Global Plant Genetics has unveiled the Guelph Equinox asparagus variety in Europe. Moreover, the seed production is handled by Fox Seeds, and Global Plant Genetics has exclusive seed distribution rights to the variety in Europe and Russia.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Product Type
Fresh
Frozen
Preserved
By User Application
Food
Others
By Distribution Channels
Supermarkets/Hypermarkets
Convince Stores
E-Commerce
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Asparagus Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Asparagus market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Asparagus market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Asparagus market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Asparagus Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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