Microgreens Market Size is estimated to reach USD 2,049.3 Million By 2028 With a CAGR of 11.1% - Valuates Reports

Major factors driving the growth of the microgreens market are:

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TRENDS INFLUENCING THE GROWTH OF MICROGREENS 

Microgreens are gaining popularity among health-conscious individuals because they contain a high concentration of vitamins and antioxidants, which assist to lower the risk of cardiovascular and chronic diseases. Furthermore, microgreens require fewer resources to cultivate at home for daily consumption, therefore they can simply be produced in the garden or on the roof. Thus health benefits along with easy cultivation are expected to drive the growth of the microgreens market.

The increasing use of microgreens in the cosmetics industry is expected to increase the growth of the microgreens market. Microgreens are quickly becoming popular as active components in a variety of skincare products. Microgreens have become a proactive element of excellent skin care regimes because they include a variety of vital nutrients that are beneficial to skin health. As a result, microgreens are an effective and acceptable skincare ingredient.

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MICROGREENS MARKET SHARE ANALYSIS

Based on type, the arugula segment was valued at USD 201.8 million in 2019 and is projected to reach USD 281.7 million by 2028, registering a CAGR of 9.4% from 2021 to 2028. This market share is attributed to its popularity among chefs and customers. It contains a lot of vitamins and minerals and chefs commonly use it as a flavoring and garnishing agent in restaurants. 

Based on farming the commercial greenhouse segment is estimated to reach USD 625.1 million by 2028, at a CAGR of 10.1%. During the forecast period, the worldwide microgreens industry is expected to develop due to the increasing area under greenhouse farming and the growing acceptance of greenhouse farming for the production of high-value crops such as microgreens. Microgreens require a precise temperature and humidity for proper growth; thus, greenhouse farming is an ideal approach for growing microgreens.

Based on region, Europe was valued at USD 415.5 million in 2019 and is expected to reach USD 596.8 million by 2028, registering a CAGR of 9.7% from 2021 to 2028. Growing start-ups that deal in the manufacturing and sale of microgreens are heavily favoring the growth of the European microgreens market.

On the other hand, the North American region held the major share of 41.2% in 2019.

On the basis of end-user, the commercial segment is projected to grow at USD 1,408.8 million by 2028, registering a CAGR of 10.4%.

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The key players profiled in this report include AeroFarms, Fresh Origins, Gotham Greens, Madar Farms, 2BFresh, The Chef's Garden Inc., Farmbox Greens LLC, Living Earth Farm, GoodLeaf Farms, and Bowery Farming.

KEY MARKET SEGMENTS

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