Asparagus Market Drivers, Trends, and Forecast by 2031

MARKET OVERVIEW

Asparagus is the green vegetable known for its slender spears and is often one of the first signs of spring. It is a natural addition to many spring dishes, from veggie-packed frittatas to salads piled high with the season's finest ingredients. It has a somewhat earthy flavor. It has nutritional benefits and is shown potential cancer-fighting and diuretic properties.

MARKET SCOPE

The "Global Asparagus Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the asparagus market with detailed market segmentation by category, type, distribution channel, and geography. The report provides key statistics on the market status of the leading asparagus market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on category, the global asparagus market is segmented into organic and conventional.
  
•   Based on type, the global asparagus market is segmented into fresh and processed.
  
•   Based on distribution channel, the global asparagus market is segmented into hypermarkets & supermarkets, specialtty stores, online retail, and others.
  

MARKET DYNAMICS

Drivers:

•   Rising demand for organic asparagus.
  
•   Growing consumption of asparagus as pickle since its shelf-life can be extended by adding preservative or by keeping asparagus in brine.
  
•   Rising R&D activities drive the asparagus market.
  

Restraints:

•   Distribution of product through direct marketing.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The asparagus market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the asparagus market in these regions.

IMPACT OF COVID-19 ON ASPARAGUS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the asparagus market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from asparagus market are anticipated to lucrative growth opportunities in the future with the rising demand for asparagus in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the asparagus market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Altar Produce LLC
  
•   BEJO SEEDS LTD.
  
•   Cutter Asparagus Seed
  
•   DanPer Trujillo S.A.C.
  
•   JERSEY ASPARAGUS FARMS, INC.
  
•   Limgroup B.V.
  
•   Sociedad Agrícola Virú
  
•   Spargelhof Elsholz Gbr
  
•   TEBOZA BV
  
•   THIERMANN SPAGEL FARM
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Asparagus Report Scope