Broccoli Microgreens Market Expected to Reach $398.5 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Broccoli Microgreens Market," The Broccoli Microgreens Market Size was valued at $237.20 million in 2021, and is estimated to reach $398.5 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

Baby broccoli plants that are harvested 10 days or less after germination are known as microgreens. In certain places, it is also referred to as a cruciferous vegetable. This vegetable comes in a variety of hues, from deep sage to dark green, and some varieties have textures that lean somewhat purplish. Some of the most well-liked varieties of broccoli are Calabrese and De Cicco.

Indoor agriculture is simply the practice of growing food crops in a controlled environment so that they can be produced year-round with a high level of productivity. Farmers are turning to indoor farming as a result of rising food demand and declining agricultural food output. The decline in fertile land, poor meteorological conditions, and restrictions on the use of natural resources are the main causes of the decline in agriculture production. Due to these problems, conventional farming cannot meet the need of the expanding population. For instance, the United Nations (UN) projects that the 7.6 billion people who currently live on Earth will increase to 9.8 billion by 2050 and 11.2 billion by 2100. (UN, 2017). Due to advantages like increased farming land productivity; protection from extreme weather conditions; more effective use of productive resources; and reduced risk of pests, weeds, and crop diseases; greenhouses and indoor vertical farming are primarily used farming practices for the production of microgreens. Further encouraging farmers to adopt farming is the rise in technological advancements in indoor farming, including the resurgence of information technology in vertical farming and greenhouses, which indirectly supports the Broccoli Microgreens Market Growth over the course of the forecast period.

One of the newest innovations in indoor farming is indoor vertical farming. The majority of farmers are ignorant about this technique and the crops that can be grown with this style of farming. Different technologies, including sensor, artificial intelligence, automatic systems, hydroponic, aquaponic, and aeroponic systems, are used in vertical farming and greenhouse farming. It takes a qualified and skilled workforce to operate these cutting-edge systems. Technically trained individuals are also needed for machine and computer maintenance. Vertical farming is not an exception to how many sectors have been impacted by a lack of skilled labor on a worldwide scale. Additionally, the majority of farmers enter this market using their expensive, inefficiently designed systems. The types of microgreens are quite limited. Broccoli microgreens are still not included in the range of vegetables because there are many different types and species of vegetables. These elements are anticipated to limit market expansion.

Broccoli microgreens require a wide-area distribution network in addition to advertising to raise awareness. Microgreens are now more readily available due to the rapidly rising number of major retail establishments, such as supermarkets and hypermarkets, in developing nations which brings myraid Broccoli Microgreens Market Opportunity. These establishments also aid in the growth of the sales of functional foods. The distribution of diverse agricultural food products, such as packaged fruits and vegetables, has been improved with the help of supermarkets, hypermarkets, and grocery stores. Urbanization is anticipated to accelerate retail sector expansion, which will increase the consumer Broccoli Microgreens Market Demand. Additionally, microgreens farmers are running their own websites to market their products. During the anticipated term, the rise of the microgreens market is being aided by online stores and farmers' markets.

The broccoli microgreens market is segmented on the basis of end user, farming, distribution channel, and region. By end user, the market is segmented into residential and commercial. As per farming, it is segregated into indoor farming, vertical farming, commercial greenhouses, and other. According to distribution channel, it is divided into retail store, online store, farmers market, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Germany, UK, and rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The players operating in the broccoli microgreens industry have adopted product launch and business expansion as their key developmental strategies to expand their Broccoli Microgreens Market Share, increase profitability, and remain competitive in the market. The key players profiled in this report include 2BFresh, AeroFarms, Farmbox Greens LLC, Fresh City Farms Inc.,  Fresh Origins, GoodLeaf Farms, Green Thumb Growers TT, Living Earth Farm, Seed Leaf Micro Farm, and The Chef's Garden Inc.

Key findings of the study

• • Depending on end user, the commercial segment was the highest revenue contributor to the Broccoli Microgreens Industry, and is estimated to reach $348.2 million by 2031, with a CAGR of 5.3%.
  • As per farming, commercial greenhouses segment dominated the global market in the year 2021 and is likely to remain dominant during the Broccoli Microgreens Market Forecast period.
  • On the basis of distribution channel, farmers market segment had the dominated Broccoli Microgreens Market Size in the year 2021 and is likely to remain dominant during the forecast period.
  • Region wise, European region dominated the global market in the year 2021 and is likely to remain dominant during the forecast period.