Microgreens Market Size Worth $4.29 Billion By 2032 | CAGR: 9.70%

The global microgreens market size is expected to reach USD 4.29 billion by 2032, according to a new study by Polaris Market Research. The report “Microgreens Market Share, Size, Trends, Industry Analysis Report, By Type (Broccoli, Cabbage, Cauliflower, Arugula, Peas, Basil, Radish); By Farming Model; By End Use; By Distribution Channel; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing expansion of the vertical farming is fueling the growth of the microgreens market as it provides an ideal environment for growing microgreens, which are small, nutrient-dense herbs and vegetables that are harvested at an early stage of growth. According to Statista, the worldwide market for vertical farming is expanding gradually and is projected to increase from USD 5.5 billion in 2020 to over USD 20 billion, by 2025. Vertical farming involves growing plants in a controlled environment, often indoors, using artificial lighting, climate control, and other technologies to optimize growing conditions. This allows for year-round production and higher yields per square foot of growing space compared to traditional farming methods. As a result, microgreens can be grown and harvested quickly, which means they can be sold fresh and often at a premium price.

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The combination of vertical farming technology and the high demand for microgreens has resulted in the growth of the microgreens market. One of the key benefits of indoor vertical farming is that it can be done using techniques such as hydroponics, aeroponics, and aquaponics, which use significantly less water than traditional farming methods. This can reduce the amount of energy required for irrigation, as well as the emissions associated with transporting and treating water. Agriculture plays a major role in the climate problem. Nowadays, it is responsible for 19–29% of global greenhouse gas (GHG) emissions. Indoor vertical farming also has the potential to reduce transportation emissions by bringing food production closer to urban areas. This can reduce the distance that food needs to travel from farm to table, thereby reducing emissions associated with transportation.

Microgreens Market Report Highlights

• Arugula segment is anticipated to grow at faster rate owing to the unique flavor, nutritional benefits, accessibility, and marketability of arugula microgreens.
• Indoor Vertical Farming segment accounted for the largest market share owing to the existence of year-round cultivation and a controlled environment.
• Supermarkets and Hypermarkets segment is projected to experience a significant revenue share due to ensuring the availability, quality, and convenience of these products to consumers.
• Asia Pacific is expected to have a higher growth in the study period owing to the prevalence of green-house gas emissions in this region.
• The global players include 2BFresh, AeroFarms, Bowery Farming, Farmbox Greens, Fresh Origins, Good Leaf Farms, Gotham Greens, Living Earth Farm, Madar Farms, Metro Microgreens & Chef's Garden.

Polaris Market Research has segmented the microgreens market report based on type, farming method, end use, distribution channel and region:

Microgreens, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Broccoli
• Cabbage
• Cauliflower
• Arugula
• Peas
• Basil
• Radish

Microgreens, Farming Method Outlook (Revenue - USD Billion, 2019 - 2032)

• Indoor Vertical Farming
• Commercial Greenhouses

Microgreens, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Residential
• Commercial

Microgreens, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Supermarkets and hypermarkets
• Retail Stores

Microgreens, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Microgreens Market Report Scope