About Asparagus
Asparagus is a high-value labor-intensive perennial vegetable that does not require replanting every year. These plants can remain productive for 10–20 years hence need to be planted in a permanent location that contains rich, fertile, and well-drained soil. These plants are reaped once after they grow in 6-8 inches in length. It has been a valued vegetable not only for human consumption but also for its medicinal properties. It has rich fiber, iron, and vitamin contents. The cheaper cost and ease of availability has driven the market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
In Asparagus Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States, Europe Vendors will contribute the maximum growth to Global Asparagus market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Altar Produce LLC (United States), Sociedad Agrícola Virú (Peru), DanPer Trujillo S.A.C. (Peru), Limgroup B.V. (Netherlands), TEBOZA BV (Netherlands), ILIOS (Greece), Bejo Seeds, Inc. (United States), Spargelhof Elsholz (Germany), Cutter Asparagus Seed Company (United States) and Jersey Asparagus Farms, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Consorzio Associazione Produttori Ortofrutticoli Foggia (Italy), Mazzoni Vivai (Italy) and California Asparagus Seed and Transplants, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Asparagus market by Type (Fresh, Canned and Frozen), Application (Food and Beverages, Healthcare, Cosmetics and Pharmaceutical) and Region.
On the basis of geography, the market of Asparagus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Supermarket and Hypermarkets will boost the Asparagus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color Type, the sub-segment i.e. White will boost the Asparagus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Asparagus as an Ingredient in Soups and Fresh Food Products
Market Growth Drivers:
Growing Awareness about Benefits of Asparagus and Rising Demand for Frozen and Packaged Vegetables
Challenges:
Side-Effects of Asparagus
Restraints:
Direct Marketing of Asparagus
Opportunities:
Increasing Demand of Organically Farmed Products and Demand for Fresh Asparagus
In April 2023, As a leading fresh produce supplier in the UK, we are thrilled to announce the launch of our new premium British asparagus brand, ‘ SPEAR IT. New 100% British asparagus brand, ‘Spear It’ in time for the beginning of the new season!
Key Target Audience
Analysts and Strategic Business Planners, Product Providers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-User Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.