Edible asparagus is kind of vegetable that is rich in nutrients like vitamins, folate, chromium, and fiber. Asparagus has witnessed a global increment in the preparation of soups as many soup manufactures have been using asparagus and with this the demand is expected to boost in the future. Growing health consciousness of consumers encourage the diversification of asparagus in the form of direct consumption, pickled form, and soups and this propels the growth of the global edible asparagus market.
COVID-19 Scenario Analysis:
Production shut down scenario
The cultivated asparagus has currently not been able to be processed in the industries in frozen or canned forms due to the implications of COVID-19. This has resulted in decline of the stock produced and the market is under pressure of resettling the industrial operations soon.
Decline in exports
Since asparagus was majorly exported, the lack of transportation across borders amid the lockdown situations have led to a decline in revenue for the global edible asparagus market.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Edible asparagus has always been high in demand due to its nutritional factors and this gives opportunities to the market players to diversify its application and make its consumption healthier and tastier. This allowed the marketers to incorporate edible asparagus in various forms be it fresh, frozen or canned, to be supplied to consumers at their convenience and in different form of finished goods. The global market for edible asparagus is driven by increasing disposable incomes, growing diversified applications and health awareness rising among the population.
The global edible asparagus market trends are as follows:
New product launches to flourish the market
Asparagus has always been consumed as an edible vegetable but its diversification in forms of other eatables that are much appealing to the taste and preferences of consumers have boosted its demand in the global market. These have highly found to be mixed with vegetables and chicken to deliver enhanced taste to consumers.
Edible asparagus is available in fresh, frozen, and canned forms. The frozen and canned asparagus aids the market expansion by easing the exporting ability of the product while consumption of fresh asparagus holds a major share of revenue. Conventionally asparagus used to be directly consumed as vegetable but now the marketers have diversified its application in pickled form by adding preservatives to it or keeping it in brine. This increases the shelf life of the product and enhances its consumption throughout the year. These can be either canned or stored in glass jars as per the offering of the manufacturers or the requirement of the consumers.
Surge in demand for organic asparagus
There is rise in the health consciousness among consumers regarding the nutritional aspects of organic food. This encourages its demand in the global market. The edible asparagus market has been encountering a notable demand for the manufacturing of organic asparagus that avoids any artificial enhancers and contains improved nutrition content.
The production and consumption of organic asparagus has witnessed an upsurge in the recent years and this has broadened the market for edible asparagus. Being a good source of fiber, Vitamins A, C, E and K and folate, asparagus is effective in terms of nutritional content. The presence of chromium in asparagus helps people managing their blood sugar levels by enabling the transportation of glucose by insulin from the blood stream into the cells. Organic asparagus is not just produced and consumed domestically but is exported at a large scale and this boosts the market growth.
Key Benefits of the Report:
- This study presents the analytical depiction of the global edible asparagus industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global edible asparagus market share.
- The current market is quantitatively analyzed to highlight the global edible asparagus market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global edible asparagus market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Edible asparagus Market Research Report:
- What are the leading market players active in the edible asparagus market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Edible Asparagus Market Report Highlights
By Distribution Channel
Key Market Players
Weifang Datang Food Co. LTD., AEI, DanPer, Limgroup, Walker Plants, Sociedad, Agrizar, Beta SA, Altar Produce, Qingdao Agri-King Industrial Co. ltd.