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Broccoli Microgreens Market Size, Share, Competitive Landscape and Trend Analysis Report by Farming, by Distribution Channel, by End User : Global Opportunity Analysis and Industry Forecast, 2024-2032

Broccoli Microgreens Market Size, Share, Competitive Landscape and Trend Analysis...

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Broccoli Microgreens Market Size, Share, Competitive Landscape and Trend Analysis Report by Farming, by Distribution Channel, by End User : Global Opportunity Analysis and Industry Forecast, 2024-2032
Broccoli Microgreens Market Size, Share,...
Report Code
RO7/128/1079

Publish Date
24/Jun/2024

Pages
200
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The global broccoli microgreens market revenue was around US$ 264 million in 2023 and is estimated to reach US$ 427.4 million by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2024 to 2032.
Broccoli microgreens are harvested when the plants are still in their juvenile growth stage and are edible. Their crop cycle is quite rapid. Depending on the species and varieties of the microgreens, they can be harvested in 7 to 14 days. Because they require careful attention and a controlled environment, microgreens are primarily grown indoors using vertical farming and greenhouse techniques. Protected cultivation is mostly used because 18 to 24?C and 40 to 60% relative humidity (RH) are ideal for the healthy and desired growth of microgreens. Eating broccoli can help prevent cancer, reduce inflammation, strengthen the heart, and aid in proper digestion, among other health benefits.
Factors Influencing Market Growth
- The growing awareness of the health benefits of broccoli microgreens and the use of park and roof gardens for microgreen production will drive the global broccoli microgreens market growth.
- The government's financial and technical assistance to farmers for the construction of protected cultivation plants, along with the growing adoption of protected cultivation, should help boost microgreen production. This will increase the demand for broccoli microgreens, thus propelling market growth.
- The growing use of broccoli microgreens in the food services industry as flavor and texture enhancement ingredients will increase demand for broccoli microgreens, driving market growth.
- Farmers must pay a high upfront cost for the equipment, materials, and other requirements required for indoor farming. This may hinder market growth.
Impact of COVID-19
COVID-19 negatively impacted the market. There were severe effects on the supply chain, and the food and beverage industry as a whole suffered enormous losses. The lockdown implemented during COVID-19 had a major detrimental effect on microgreen sales because it disrupted the supply chain and forced the closure of restaurants and grocery stores. But as things began to get better, the market began to gradually back off and demand for microgreens began to rise steadily.
Regional Insights
Europe dominated the market in 2023. This is because of the expanding restaurant industry and growing desire for healthier food options. Additionally, the amount of land under protected cultivation in Europe has been growing significantly, and it now accounts for a sizeable portion of the global region under protected cultivation. Also, there are growing start-ups in the region that deal in the production and selling of microgreens, which is majorly favorable to market growth. For instance, Infarm, a 2013-founded Berlin startup, is growing in Paris. Its technology for vertical farming brings fresh and artisan produce much closer to the consumer and is intended for use by grocery stores, restaurants, and local distribution centers.
Leading Competitors
- GoodLeaf Farms
- Seed Leaf Micro Farm
- Fresh City Farms, Inc.
- AeroFarms
- FarmBox Greens LLC
- Green Thumb Growers TT
- fresh origins
- 2BFresh
- Living Earth Farm
- The Chef's Garden Inc.
- Other Prominent Players
Segmentation Analysis
The global broccoli microgreens market segmentation focuses on farming, distribution channel, end user, and region.
Segmentation based on Farming
- Commercial Greenhouses
- Other
- Indoor Vertical Farming
Segmentation based on Distribution Channel
- Retail Store
- Farmers Market
- Others
Segmentation based on End User
- Residential
- Commercial
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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