Report Code: A11681 | Pages: NA | ||
Tables: NA | Charts: NA |
|
The global asparagus market is experiencing a steady growth, and is expected to grow considerably in the next few years. Asparagus is a vegetable that belongs to the Asparagaceae family. There are more than 200 species within this plant family. Some species are grown as ornamental plants and others are used by florists in arrangements and corsages. Asparagus is low in calories and a great source of nutrients, including fiber, folate, and vitamins A, C, and K. Additionally, asparagus provides several potential health benefits, including weight loss, improved digestion, healthy pregnancy outcomes, and lower blood pressure. It is one of very few perennial vegetables, that grow back year after year. It is an early season crop that lends itself well to small-scale and part-time farming operations as well as direct-to-consumer retail marketers when combined with other corps. Asparagus grows in temperate or subtropical climates in soils that are not too acidic. China, Thailand, Mexico, Peru, and Germany are the countries growing most of the world’s asparagus.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
New innovation in harvesting the crops
Lack of labors for harvesting is the major problem in full-filling the demand of asparagus during the pandemic; therefore, some new innovations are being under development.
In New Zealand, engineers have been developing automated robots that might be able to take on some of the most repetitive and arduous parts of harvesting. Robotics Plus has built a prototype robot that can trundle through kiwi-fruit orchards, while reaching up with its octopus-like arms to pluck the fruit from the canopy above and sort them by size. The company founder, Steven Saunders, has been testing the robots in his own kiwi-fruit orchard.
“The robots can pick 24 hours a day, if needed,” says Saunders. “It means human workers can be deployed elsewhere, which really helps with productivity.”
He and his team are also developing robots capable of harvesting other crops, such as asparagus. “The trouble is that there is no universal way of harvesting fruit and vegetables,” says Saunders. “You need a bespoke picker for each crop – the way you pick an apple versus a strawberry, or a blueberry is totally different.”
Increase in demand for organic asparagus
The emerging demand for organic asparagus is currently driving the asparagus market, globally. The market for organic asparagus is majorly dominated by North America and Europe, with the regions substantially increasing the import as well as the production of organic asparagus in recent years. Although organically cultivated asparagus is at its nascent stage in Peru, the second-largest producer of asparagus in the world, the country is steadily raising its export-driven organic cultivation, as per the Peruvian Asparagus Importer’s Association. Moreover, organic asparagus cultivation is concentrated in central Mexico for supplies to the U.S., having several growers such as Pampa Store, which now engages in year-round production with the purchase of 300 ha of land in the north-east of Mexico, bordering the state of Texas, United States, in 2019. According to the Organic Produce Network, in January 2020, a case of organic asparagus weighing 11 pounds, produced in Mexico, had a price of USD 64.0-65.0 on the Los Angeles Wholesale Produce Market, which is almost USD 6.0 per pound wholesale price, which can be attributed to the cost of year-round availability of the vegetable on market shelves.
Key Benefits of the Report
Questions Answered in the Report
Asparagus Market Report Highlights
Aspects | Details |
---|---|
By Product Type |
|
By End User |
|
By Distribution Channel |
|
By Region |
|
Key Market Players | Teboza B.V., DanPer Trjillo S.A.C, Limgroup B.V., Cutter Asparagus Seed, Thiermann Spagel Farm, Sociedad Agricola Viru, Ilios – The Greek Asparagus Company, Jersey Asparagus Farms INC., Altar Produce LLC, Bejo Seeds LTD. |
Loading Table Of Content...
Start reading.
This Report and over 71,323+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers