Asparagus Market, By Color (White and Green), By Type (Canned, Fresh, and Frozen), By Distribution Channel (Supermarket and Hypermarkets, Department Stores, and Online Stores ), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 33.91 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 4% during the forecast period (2024-2031), as highlighted in a new report published by Coherent Market Insights.
Asparagus is an herbaceous perennial plant that belongs to the family of lily and is grown throughout the world. Asparagus can be prepared in many ways such as roasted, steamed, grilled, pan-roasted, boiled, and fried. It has an earthy flavor, similar to broccoli and can be added to pasta, soups, salads, and stir-fries. It is an excellent source of fiber, low in colonies, and is cholesterol and fat free in nature. Moreover, it is rich in micronutrients such as vitamin K, vitamin B9, vitamins A, C, and E, as well as phosphorus, and potassium.
Global Asparagus Market – Impact of Coronavirus (COVID-19) Pandemic
The global asparagus market has been significantly impacted by the COVID-19 pandemic. The pandemic has disrupted the asparagus supply chain, leading to a sharp drop in sales and prices due to factors such as the lack of seasonal workers, border restrictions affecting migrant workers, and reduced air freight for export. The containment measures during the pandemic have drastically affected the essential flow of food from farms and producers to consumers, leading to significant challenges in the asparagus market and the global food supply chain. The demand for asparagus has changed during the pandemic. The pandemic has led to a sharp drop in sales and prices due to factors such as the lack of seasonal workers, border restrictions affecting migrant workers, and reduced air freight for export. The story of asparagus prices has unfolded because of changes in global trade, and many countries are suffering the impact of the pandemic.
Key Developments
- In July 2021, Teboza, a Dutch company, launched an asparagus concept called Tasty Spears. With the launch of Tasty Spears, the company wants to allow consumers to enjoy healthy, fresh asparagus year-round.
- In November 2020, Dutch vegetable breeder, Enza Zaden introduced its first asparagus variety in the European market.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global Asparagus Market”- Forecast to 2031, Global Asparagus Market, By Color (White and Green), By Type (Canned, Fresh, and Frozen), By Distribution Channel (Supermarket and Hypermarkets, Department Stores, and Online Stores), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
Link: https://www.coherentmarketinsights.com/market-insight/asparagus-market-587
Key Takeaways of this Market:
- The market was valued at US$ 33.91 Bn in 2024 and is forecast to reach a value of US$ 44.51 Bn by 2031 at a CAGR of 4% between 2024 and 2031
- The market is anticipated to witness a stronger emphasis on sustainable practices, technological advancements to improve farming efficiency, and innovative culinary uses, fueling demand and diversifying the market.
- The asparagus market is poised for continued expansion due to increasing consumer demand, technological advancements, and the widespread adoption of technology, with a favorable outlook for the
- The market includes various market players such as Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, ILIOS - The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.
