Global Asparagus Market Size, Potential Growth and Analysis of Key Players 2023-2032

The latest report on the Asparagus Market is 200 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2032 and offers valuable insights into the market landscape.

Report Ocean has recently released a survey report focusing on the worldwide Asparagus Market. The study provides significant insights into growth strategies, prospects for business expansion, emerging trends and innovations, as well as the competitive landscape for the year 2023. Furthermore, the report includes a regional analysis encompassing North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

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 2023-2032.

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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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Our sample report encompasses the following elements:

  • Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
  • Research Report of 200+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
  • Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
  • Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
  • List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
  • Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
  • Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.

Here are the key questions addressed in the report:

  • What is the potential for growth in the Asparagus market?
  • Which product segment is expected to dominate the market?
  • Which regional market is likely to emerge as a frontrunner in the future?
  • Which application segment is poised for strong growth?
  • What are the potential growth opportunities that may arise in the Asparagus industry?
  • What are the major challenges that the Asparagus market may face in the future?
  • Who are the leading companies in the Asparagus market?
  • What are the key trends positively impacting the market’s growth?
  • What growth strategies are being considered by the market players to maintain their position in the Asparagus market?

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