Global Players Dominate the Market Holding ~40% Revenue Share Despite the Presence of about ~200 Competitors Comprising a large Number of Country-Niche Players and Regional Players, finds a recent market study on the Global Microgreens Market
Microgreens are small and delicate vegetables that are harvested when they form two cotyledons, a cotyledon is the first leaf of the plant to emerge from the seed after germination. It is widely used for improving the flavor of various cuisines such as salads, soups, flatbreads, pizzas, juices, and smoothies. Microgreens can be harvested using multiple farming techniques such as indoor vertical farming, commercial greenhouses, and more, and are often used for residential and commercial purposes.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Global Players Constitute ~10% of the Total Number of Competitors, while Country-Niche Players Dominate Representing ~60% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the global microgreens market is significantly competitive with ~200 players, including globally diversified players, regional players, and a significant number of country-niche players with their niche in microgreens. The majority of the global microgreen companies, including AeroFarms, Good Leaf Farms, Fresh Origins, Gotham Greens, and Chef’s Garden maintained their leading positions in the market through multiple new products development and the adoption of new technologies for farming different types of Microgreens with low harvesting time.
- In September 2022, AeroFarms launched the World’s largest indoor vertical Aeroponic Smart Farm, Aeroponics is the process of growing plants in the air or mist environment without using soil or any other medium. The farm is capable of growing more than 3 million pounds of organic microgreens per year, which use 95% less water and 99% less land than traditional microgreens.
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Increasing public awareness of health issues and the use of indoor Farming Is Likely to Provide New Growth Opportunities For The Global Microgreen Market.
Detailed comparative analysis of key competitors available within the Research Study shows the rising demand for microgreens for residential purposes as they are rich in vitamins, minerals, antioxidants, and fibers provides new opportunities for the global microgreens market.
- Microgreens are highly rich in vitamins, fibers, and minerals, which help with numerous problems such as high blood pressure, high cholesterol, gastrointestinal distress, and more.
- Microgreens such as broccoli, chicory, and lettuce have high levels of vitamin E and vitamin A that contain several antioxidants that help the consumer to avoid severe diseases like cancer and heart disease.
Increasing Government Initiatives and Policies are Likely to drive the growth of the Global Microgreens Market
- In January 2017, the Department of Agriculture and Agri-Food Canada (AAFC) which is the Government department that regulates agricultural policies regarding the production, processing, and marketing of all farm, food, and agri-based products, funded the Greenbelt Microgreens with more than US$ 468 thousands to develop the greenhouse facility for the production of Organic microgreens.
In January 2022, the Indian Government has been providing a subsidy of up to 75% for urban Farming under the Kerala State Horticultural Mission (SHM), under which the farmer received 16 pots and fertilizers, and seeds. This will promote the production of safe vegetables and microgreens i.e. no pesticides and weedicides, in urban regions more easily.
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Key Topics Covered in the Report
- Snapshot of Global Microgreens Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Microgreens Market
- Historic Growth of the Overall Global Microgreens Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Microgreens Industry
- Overview, Product Offerings, and Strategic Developments of Key Competitors
- COVID-19 Impact on the Overall Global Microgreens Market
- Future Market Forecast and Growth Rates of the Total Global Microgreens Market and by Segments
- Market Size of Farming Method/End-user Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Microgreens Market
- Major Production/Supply and Consumption/Demand Hubs within Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Key Players Mentioned in the Report
- AeroFarms
- Good Leaf Farms
- Fresh Origins
- Gotham Greens
- Madar Farms
- 2BFresh
- Farmbox Greens
- Living Earth Farm
- Metro Microgreens
- Chef’s Garden
Notable Emerging Companies Mentioned in the Report
- FARM2FAM
- Leafood
- Plenty
- UGF Farming
- Living Food Company
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Microgreens Producers
- Microgreens Farm Owners
- Microgreens Industry Association
- Microgreens Marketing & Distribution Companies
- Microgreens Products Manufacturers
- Government Ministries and Departments of Agriculture
- Government Ministries and Departments of Food
- Government Ministries of Consumer Affairs, Food, and Public Distribution
- Venture Capitalists Targeting the Microgreens Industry
- Organic Farming Companies
- Organic Farming Cooperative Societies
- Farming Research Institutes
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: –
Global Microgreens Industry: Ken Research
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