Global Microgreens Market Report and Forecast 2024-2032

Global Microgreens Market Outlook

The global microgreens market size reached approximately USD 2.29 billion in 2023. The market is further projected to grow at a CAGR of 10.1% between 2024 and 2032, reaching a value of USD 5.40 billion by 2032.

Key Trends in the Market

Microgreens refer to the young seedlings of edible herbs and vegetables. They have concentrated nutrient content, aromatic flavours, and are available in a variety of textures and colours. Microgreens can be harvested and consumed seven to ten days after the cotyledon leaves are developed.

• The expansion of the cosmetics and skin care sectors owing to increasing disposable incomes and rising celebrity endorsements is boosting the microgreens market growth. Various microgreens such as clovers, broccoli, and radishes have several topical benefits. In combination, these microgreens create a potent blend that contains high amounts of beta-carotene and vitamins C, K, and E.

• The increased requirement for vertical and indoor farming and hydroponics owing to their ability to aid in space conservation is providing lucrative growth opportunities to the market. Microgreens are grown in controlled environments as they offer protection against harmful pests and extreme weather conditions.

• The year-round availability of microgreens is bolstering their consumption and utilisation across foodservice sector, boosting the market expansion. The relatively short period of growth period aids in convenient procurement of the vegetables.

Global Microgreens Market Analysis

On the basis of product, the market is divided into cabbage, peas, radish, broccoli, lettuce and chicory, basil, carrot, sunflower, and fennel, among others. Based on farming method, the market is segregated into indoor farming, vertical farming, and commercial greenhouse, among others.

On the basis of distribution channel, the market is classified into supermarket/ hypermarket, retail stores, and online, among others. Based on end use, the market is bifurcated into residential and commercial.

On the basis of region, the microgreens market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• GoodLeaf Community Farms Limited

• Farmbox Greens

• Metro Microgreens

• Superior Fresh

• Teshuva Agricultural Projects Ltd.     

• Farm.One, Inc.

• Chef's Garden Inc

• Living Earth Farm

• AeroFarms LLC

• Others

Market Share by End Use

Commercial sector is anticipated to account for a significant microgreens market share in the coming years. This growth can be attributed to the increasing incorporation of microgreens in various dishes such as omelettes, salads, and pastas, in restaurants, food joints, and hotels, among others due to rising demand for organic and healthy food alternatives. They also aid in enhancing the texture, taste, and appearance of dishes, making them ideal for garnishes.

Market Share by Region

North America accounts for a significant share of the market owing to the increasing awareness about the various health benefits associated with the consumption of microgreens, rising disposable incomes, and prominent presence of various key market players including GoodLeaf Community Farms Limited and Farmbox Greens, among others. The increasing popularity of hydroponics and vertical farming in the region is providing lucrative growth opportunities to the market. The rising consumption of food products with high protein and low carbohydrate content is bolstering the microgreens market demand.

Competitive Landscape

GoodLeaf Community Farms Limited, headquartered in Ontario, Canada, is a food and beverage manufacturing company that specialises in indoor agriculture, microgreens, herbs, leafy greens, advanced manufacturing, and vertical farming, among others.

Farmbox Greens, headquartered in Washington, United States, is involved in vertical farming and hydroponics. They use energy efficient LED lights in their full climate-controlled facilities for harvesting tender microgreens on a regular basis, regardless of the season.

Superior Fresh is one of the leading aquaponic farms involved with raising Atlantic salmon and towards the production of organic leafy greens including microgreens. Their production systems provide healthy and fresh products year around, while practicing water conservation.

Other microgreens market key players include Metro Microgreens, Teshuva Agricultural Projects Ltd., Farm.One, Inc., Chef's Garden Inc, Living Earth Farm, and AeroFarms LLC, among others.

Key Highlights of the Report

Microgreens Market Report Snapshots

Microgreens Market Size

Microgreens Market Share

Microgreens Market Analysis

Microgreens Companies