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Pulished Date February, 2020
ID: 3855
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Global Asparagus Market By Type (Fresh & Canned And Frozen), By Colour (White And Green), By Distribution Channel (Supermarkets And Hypermarkets, Grocery Stores And Other Distribution Channels) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2020 – 2025)

Pulished: February, 2020
ID: 3855
Pages: 175

Asparagus Market Growth and Forecast (2020-2025):

The Global Asparagus Market size was assessed to be USD 2.8 billion in 2020, and it is to reach a valuation of USD 4.85 billion by 2025 at a remarkable CAGR during the envisioned time. The wide application of asparagus is an important driver of market growth.

Asparagus Market

Market Overview:

Asparagus, also known by its scientific name: Asparagus opinari, a green leafy vegetable with a long, pointed spear, and basically grilled, broiled, and steamed. It is a spring vegetable and is grown mainly in Michigan, California, and Washington. It is currently produced in temperate regions around the world. The production of asparagus for commercial purposes has started in the middle of 19th century. Asparagus is used for a variety of medicinal purposes, as well as for a wide variety of foods and beverages. Asparagus has good nutritional properties and flavor, which is why it is actively sought after by major companies as a key ingredient in soup. As many companies are using asparagus in soup making, it is touted to play a crucial part in the soup-making sector, which is expected to grow only in the future. As a healthy vegetable, asparagus is becoming famous in several ready-to-eat foods, and it is combined with other foods like mixed vegetables and chicken to make a truly delicious preparation.

Recent Developments in Asparagus Industry:

  • In September 2017, Desert Farms published the future launch of organic green asparagus products in the upcoming season. Asparagus growers based in California/Mexico will cultivate new product lines alongside their existing operations in the Sonora region of Mexico, with yields expected to last from January to April 2018.
  • In April 2019, Applewood Fresh Growers LLC, in association with the American Asparagus of New Era, offers fresh Michigan asparagus in addition to apples.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

Segments Covered

By Type, Colour, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Altar Produce LLC, Sociedad Agrícola Virú, THIERMANN SPAGEL FARM, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, ILIOS - The Greek Asparagus Company, BEJO SEEDS LTD, Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC, Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, California Asparagus Seed and Transplants, Inc and Others.

Asparagus Market Growth:

The demand for asparagus in fresh foods such as in salt and in vinegar, soups and sauces increases, the growth in sales of fresh segments in the global asparagus market is likely to improve significantly.

Drivers:

The growing awareness of the health benefits provided by asparagus and the rising health awareness are the key drivers of growth in the global asparagus market. Asparagus is a good source of vitamins K, E, A, folic acid, chromium, and fiber. It contains large amounts of antioxidants that help protect cells from free radicals. It also improves digestive health, supports a healthy pregnancy and helps lose weight. It also increases immunity and brain function, promotes healthy digestion and promotes demand, thereby promoting the market growth. It is also rich in antioxidants that promote healthy and shiny skin. This factor is also supposed to accelerate the growth of the asparagus market. Intake of asparagus helps to lower blood pressure by increasing your intake of potassium. These are also some of the factors that drive growth in the target market. In the global asparagus market, the number of organic producers of organic asparagus increases every year due to the high demand for organic asparagus. Asparagus growers are trying to increase the yield they can get, which is attributed to the globally active global export market for asparagus. Asparagus has several health advantages, in particular, the micronutrients in them provide numerous benefits. Asparagus contains glutathione, which is a fight against cancer. Routines that help strengthen blood vessels are abundant in asparagus. Asparagus contains the highest amount of polyacin among all vegetables, so taking it can help prevent neural tube defects in babies.

The health cognizance among consumers across the globe has skyrocketed in recent years, and this supported the demand for production and consumption of organic asparagus. The augmenting trend for organic asparagus is among the main emerging aspects of driving the global market. Organic asparagus is produced using fertilizer and pest control methods that do not contain synthetic compounds. They are available in the market in the puree, fresh, powdered and frozen forms. The number of organic asparagus growers increases every year due to high demand in North America and Europe. Asparagus growers are focusing on increasing yields to meet growing demand. Increased consumption of asparagus as pickles is assumed to accelerate market growth as shelf life can be extended by adding preservatives or keeping asparagus in salt water. Asparagus products are preserved with preservatives and can be consumed throughout the year. Pickle and pickled asparagus can be purchased in cans, bottles, or glass bottles from the market. Therefore, this factor is presumed to drive market growth by boosting demand for asparagus. The increased release of asparagus products from organic agricultural products is likely to provide tremendous growth opportunities for the asparagus market. However, the growing demand for organic asparagus among end-users can create huge profit opportunities for players in the target market.

Restraints:

The asparagus was sold using direct marketing strategies, and some farmers set up stalls in the town to encourage the sale of organic produce. Direct marketing is less profitable when selling products at lower prices, and this factor is expected to hinder the growth of the asparagus market. Also, in emerging regions, product distribution through direct marketing is relatively weak compared to developing countries, so it is estimated to hamper growth in the asparagus market during the planned marketing period. Additionally, asparagus is a factor that can sometimes cause an allergic reaction when used on the skin or consumed as a vegetable, affecting the growth of the global asparagus market.

Asparagus Market Segmentation Analysis:

By Type:

  • Fresh         
  • Canned and Frozen  

By Colour:

  • White       
  • Green             

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Grocery Stores     
  • Other Distribution Channels                

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Given that the European market is a major manufacturer of asparagus, it is determined to record high growth in terms of sales during the outlook period. Furthermore, the use of asparagus in cigars and soups in the countries of this region is another factor that supports the growth of the target market. North America is considered as the second-largest producer of asparagus, trailed by the Asia Pacific. Increased consumption of asparagus with low-calorie ingredients and high nutrition is a key growth factor in the North American asparagus market. Additionally, the growing demand for canned asparagus among frozen asparagus and consumers is predicted to support growth in target markets in North America soon.

Key Players in the Market:

Major Key Players in the Global Asparagus Market are

  • Altar Produce LLC                     
  • Sociedad Agrícola Virú                          
  • THIERMANN SPAGEL FARM               
  • DanPer Trujillo S.A.C.                            
  • Limgroup B.V.                           
  • TEBOZA BV, ILIOS - The Greek Asparagus Company                
  • BEJO SEEDS LTD.                       
  • Spargelhof Elsholz Gbr                          
  • Cutter Asparagus Seed                         
  • JERSEY ASPARAGUS FARMS, INC.                  
  • Consorzio Associazione Produttori Ortofrutticoli Foggia                      
  • Mazzoni Vivai                         
  • California Asparagus Seed and Transplants, Inc.                      

 

 

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Fresh         

                                5.1.2 Canned and Frozen             

                                5.1.3  Y-o-Y Growth Analysis, By Product              

                                5.1.4  Market Attractiveness Analysis, By Type  

                                5.1.5  Market Share Analysis, By Type    

                5.2 Colour                           

                                5.2.1 White        

                                5.2.2 Green       

                                5.2.3 Y-o-Y Growth Analysis, By Colour  

                                5.2.4 Market Attractiveness Analysis, By Colour                

                                5.2.5 Market Share Analysis, By Colour  

                5.3 Distribution Channel                               

                                5.3.1 Supermarkets and Hypermarkets 

                                5.3.2 Grocery Stores      

                                5.3.3 Other Distribution Channels            

                                5.3.4 Y-o-Y Growth Analysis, By Distribution Channel      

                                5.3.5  Market Attractiveness Analysis, By Distribution Channel   

                                5.3.6  Market Share Analysis, By Distribution Channel     

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Type

                                                6.1.3.2 By Colour

                                                6.1.3.3 By Distribution Channel

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.3.1 By Type

                                                6.1.3.2 By Colour

                                                6.1.3.3 By Distribution Channel

                                6.1.5  Market Share Analysis      

                                                6.1.3.1 By Type

                                                6.1.3.2 By Colour

                                                6.1.3.3 By Distribution Channel

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Altar Produce LLC                     

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Sociedad Agrícola Virú                           

                8.3 THIERMANN SPAGEL FARM                

                8.4 DanPer Trujillo S.A.C.                             

                8.5 Limgroup B.V.                            

                8.6 TEBOZA BV, ILIOS - The Greek Asparagus Company                 

                8.7 BEJO SEEDS LTD.                       

                8.8 Spargelhof Elsholz Gbr                           

                8.9 Cutter Asparagus Seed                          

                8.10 JERSEY ASPARAGUS FARMS, INC.                   

                8.11 Consorzio Associazione Produttori Ortofrutticoli Foggia                       

                8.12 Mazzoni Vivai                          

                8.13 California Asparagus Seed and Transplants, Inc.                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Type, Colour, Distribution Channel and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Global Asparagus Market By Region, From 2020-2025 ( USD Million )
  2. Global Asparagus Market By Type , From 2020-2025 ( USD Million )
  3. Global Fresh Market By Region, From 2020-2025 ( USD Million )
  4. Global Canned and Frozen Market By Region, From 2020-2025 ( USD Million )
  5. Global Asparagus Market By Colour , From 2020-2025 ( USD Million )
  6. Global White Market By Region, From 2020-2025 ( USD Million )
  7. Global Green Market By Region, From 2020-2025 ( USD Million )
  8. Global Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  9. Global Supermarkets and Hypermarkets Market By Region, From 2020-2025 ( USD Million )
  10. Global Grocery Stores Market By Region, From 2020-2025 ( USD Million )
  11. Global Other Distribution Channels Market By Region, From 2020-2025 ( USD Million )
  12. North America Asparagus Market By Type , From 2020-2025 ( USD Million )
  13. North America Fresh Market By Region, From 2020-2025 ( USD Million )
  14. North America Canned and Frozen Market By Region, From 2020-2025 ( USD Million )
  15. North America Asparagus Market By Colour , From 2020-2025 ( USD Million )
  16. North America White Market By Region, From 2020-2025 ( USD Million )
  17. North America Green Market By Region, From 2020-2025 ( USD Million )
  18. North America Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  19. North America Supermarkets and Hypermarkets Market By Region, From 2020-2025 ( USD Million )
  20. North America Grocery Stores Market By Region, From 2020-2025 ( USD Million )
  21. North America Other Distribution Channels Market By Region, From 2020-2025 ( USD Million )
  22. United States Asparagus Market By Type , From 2020-2025 ( USD Million )
  23. United States Asparagus Market By Colour , From 2020-2025 ( USD Million )
  24. United States Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  25. Canada Asparagus Market By Type , From 2020-2025 ( USD Million )
  26. Canada Asparagus Market By Colour , From 2020-2025 ( USD Million )
  27. Canada Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  28. Europe Asparagus Market By Type , From 2020-2025 ( USD Million )
  29. Europe Fresh  Market By Region, From 2020-2025 ( USD Million )
  30. Europe Canned and Frozen Market By Region, From 2020-2025 ( USD Million )
  31. Europe Asparagus Market By Colour , From 2020-2025 ( USD Million )
  32. Europe White Market By Region, From 2020-2025 ( USD Million )
  33. Europe Green Market By Region, From 2020-2025 ( USD Million )
  34. Europe Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  35. Europe Supermarkets and Hypermarkets Market By Region, From 2020-2025 ( USD Million )
  36. Europe Grocery Stores Market By Region, From 2020-2025 ( USD Million )
  37. Europe Other Distribution Channels Market By Region, From 2020-2025 ( USD Million )
  38. U.K. Asparagus Market By Type , From 2020-2025 ( USD Million )
  39. U.K. Asparagus Market By Colour , From 2020-2025 ( USD Million )
  40. U.K. Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  41. Germany Asparagus Market By Type , From 2020-2025 ( USD Million )
  42. Germany Asparagus Market By Colour , From 2020-2025 ( USD Million )
  43. Germany Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  44. France Asparagus Market By Type , From 2020-2025 ( USD Million )
  45. France Asparagus Market By Colour , From 2020-2025 ( USD Million )
  46. France Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  47. Italy Asparagus Market By Type , From 2020-2025 ( USD Million )
  48. Italy Asparagus Market By Colour , From 2020-2025 ( USD Million )
  49. Italy Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  50. Spain Asparagus Market By Type , From 2020-2025 ( USD Million )
  51. Spain Asparagus Market By Colour , From 2020-2025 ( USD Million )
  52. Spain Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  53. Asia Pacific Asparagus Market By Type , From 2020-2025 ( USD Million )
  54. Asia Pacific Fresh Market By Region, From 2020-2025 ( USD Million )
  55. Asia Pacific Canned and Frozen Market By Region, From 2020-2025 ( USD Million )
  56. Asia Pacific Asparagus Market By Colour , From 2020-2025 ( USD Million )
  57. Asia Pacific White Market By Region, From 2020-2025 ( USD Million )
  58. Asia Pacific Green Market By Region, From 2020-2025 ( USD Million )
  59. Asia Pacific Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  60. Asia Pacific Supermarkets and Hypermarkets Market By Region, From 2020-2025 ( USD Million )
  61. Asia Pacific Grocery Stores Market By Region, From 2020-2025 ( USD Million )
  62. Asia Pacific Other Distribution Channels Market By Region, From 2020-2025 ( USD Million )
  63. Japan Asparagus Market By Type , From 2020-2025 ( USD Million )
  64. Japan Asparagus Market By Colour , From 2020-2025 ( USD Million )
  65. Japan Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  66. China Asparagus Market By Type , From 2020-2025 ( USD Million )
  67. China Asparagus Market By Colour , From 2020-2025 ( USD Million )
  68. China Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  69. India Asparagus Market By Type , From 2020-2025 ( USD Million )
  70. India Asparagus Market By Colour , From 2020-2025 ( USD Million )
  71. India Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  72. Australia Asparagus Market By Type , From 2020-2025 ( USD Million )
  73. Australia Asparagus Market By Colour , From 2020-2025 ( USD Million )
  74. Australia Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  75. South Korea Asparagus Market By Type , From 2020-2025 ( USD Million )
  76. South Korea Asparagus Market By Colour , From 2020-2025 ( USD Million )
  77. South Korea Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  78. Latin America Asparagus Market By Type , From 2020-2025 ( USD Million )
  79. Latin America Fresh Market By Region, From 2020-2025 ( USD Million )
  80. Latin America Canned and Frozen Market By Region, From 2020-2025 ( USD Million )
  81. Latin America Asparagus Market By Colour , From 2020-2025 ( USD Million )
  82. Latin America White Market By Region, From 2020-2025 ( USD Million )
  83. Latin America Green Market By Region, From 2020-2025 ( USD Million )
  84. Latin America Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  85. Latin America Supermarkets and Hypermarkets Market By Region, From 2020-2025 ( USD Million )
  86. Latin America Grocery Stores Market By Region, From 2020-2025 ( USD Million )
  87. Latin America Other Distribution Channels Market By Region, From 2020-2025 ( USD Million )
  88. Brazil Asparagus Market By Type , From 2020-2025 ( USD Million )
  89. Brazil Asparagus Market By Colour , From 2020-2025 ( USD Million )
  90. Brazil Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  91. Argentina Asparagus Market By Type , From 2020-2025 ( USD Million )
  92. Argentina Asparagus Market By Colour , From 2020-2025 ( USD Million )
  93. Argentina Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  94. Mexico Asparagus Market By Type , From 2020-2025 ( USD Million )
  95. Mexico Asparagus Market By Colour , From 2020-2025 ( USD Million )
  96. Mexico Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  97. Rest of Latin America Asparagus Market By Type , From 2020-2025 ( USD Million )
  98. Rest of Latin America Asparagus Market By Colour , From 2020-2025 ( USD Million )
  99. Rest of Latin America Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  100. Middle East and Africa Asparagus Market By Type , From 2020-2025 ( USD Million )
  101. Middle East and Africa Fresh Market By Region, From 2020-2025 ( USD Million )
  102. Middle East and Africa Canned and Frozen Market By Region, From 2020-2025 ( USD Million )
  103. Middle East and Africa Asparagus Market By Colour , From 2020-2025 ( USD Million )
  104. Middle East and Africa White Market By Region, From 2020-2025 ( USD Million )
  105. Middle East and Africa Green Market By Region, From 2020-2025 ( USD Million )
  106. Middle East and Africa Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  107. Middle East and Africa Supermarkets and Hypermarkets Market By Region, From 2020-2025 ( USD Million )
  108. Middle East and Africa Grocery Stores Market By Region, From 2020-2025 ( USD Million )
  109. Middle East and Africa Other Distribution Channels Market By Region, From 2020-2025 ( USD Million )
  110. Middle East Asparagus Market By Type , From 2020-2025 ( USD Million )
  111. Middle East Asparagus Market By Colour , From 2020-2025 ( USD Million )
  112. Middle East Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )
  113. Africa Asparagus Market By Type , From 2020-2025 ( USD Million )
  114. Africa Asparagus Market By Colour , From 2020-2025 ( USD Million )
  115. Africa Asparagus Market By Distribution Channel , From 2020-2025 ( USD Million )

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