Asparagus Market, By Color, By Type, By Distribution Channel, By Geography

Description

The asparagus Market size is valued at US$ 33.9 Bn in 2024 and is expected to reach US$ 44.51 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 33.9 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	4.00%	2030/2031 Value Projection:	US$ 44.51 Bn

Figure 1. Asparagus Market Share (%), By Region, 2024

The global asparagus market has been gaining significant traction in recent years, driven primarily by the rising consumer preference for healthy vegetables. Asparagus is a popular low-calorie vegetable that is rich in nutrients like folate, vitamin K, and fiber. It also contains powerful antioxidants that may help reduce the risk of various cancers and heart diseases. As health awareness increases worldwide, more people are incorporating asparagus into their diets for its nutritional benefits. Additionally, asparagus is versatile and used in several cuisines and dishes across regions. This wide usage is propelling the demand for asparagus on a global level. With nutritional advantages and culinary applications, the asparagus market is expected to grow steadily over the coming years.

Market Dynamics:

The global asparagus market is witnessing favorable growth driven by rising health consciousness among consumers and increasing adoption of asparagus in various cuisines worldwide. Asparagus contains antioxidants and other nutrients that may reduce the risk of chronic diseases. This health promoting property is a major factor driving its demand. Moreover, growing urbanization with changing lifestyles has fueled the demand for convenient healthy vegetables like asparagus. However, unstable climate and crop diseases pose a threat to asparagus cultivation and may restrain the market growth. On the other hand, ongoing innovations in farming techniques, development of new varieties, and expansion of cultivation regions present potential opportunities. Sustainable farming practices and use of technology could help tackle environmental and production issues. On the positive side, the growing demand for specialty and organic asparagus presents an opportunity for market expansion. Product innovation in terms of different flavors and convenient packaging is another growth avenue.

Key Features of the Study:

This report provides an in-depth analysis of the global asparagus market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global asparagus market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include - Altar Produce LLC, Sociedad Agricola Viru, 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, and California Asparagus Seed and Transplants, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
The global asparagus market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global asparagus market.

Detailed Segmentation:

Global Asparagus Market, By Color
- White
- Green
Global Asparagus Market, By Type
- Canned
- Fresh
- Frozen
Global Asparagus Market, By Distribution Channel
- Supermarket and Hypermarkets
- Department Stores
- Online Stores
Global Asparagus Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Top Companies in the Global Asparagus Market
- Altar Produce LLC
- Sociedad Agricola Viru
- 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.

Product Code: CMI587

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Color
- Market Snippet, By Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Growing demand for fresh and healthy foods
Increasing cultivation of asparagus
Rising domestic consumption in developing nations
- Restraints
High production and labor costs
Trade barriers and regulations
- Opportunities
Rising popularity of canned and frozen asparagus
Growth in contract farming and partnerships with retailers
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Global Asparagus Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Asparagus Market, By Color, 2019-2031, (Bn)

Introduction
- Market Share Analysis, 2024-2031
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
White
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)
Green
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)

6. Global Asparagus Market, By Type, 2019-2031, (Bn)

Introduction
- Market Share Analysis, 2024-2031
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Canned
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)
Fresh
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)
Frozen
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)

7. Global Asparagus Market, By Distribution Channel, 2019-2031, (Bn)

Introduction
- Market Share Analysis, 2024-2031
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Supermarket and Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)
Department Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)
Online Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(Bn)

8. Global Asparagus Market, By Region, 2019-2031, (Bn)

Introduction
- Market Share Analysis, By Region, 2024-2031
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Color, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel , 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Color, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Color, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channele,2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Color, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Color, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Color, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(Bn)
South Africa
Central Africa
North Africa

9. Competitive Landscape

Company Profile
- Altar Produce LLC
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Sociedad Agricola Viru
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- DanPer Trujillo S.A.C.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Limgroup B.V.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- TEBOZA BV
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- ILIOS - The Greek Asparagus Company
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- BEJO SEEDS LTD
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Spargelhof Elsholz Gbr
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Cutter Asparagus Seed
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- JERSEY ASPARAGUS FARMS, Inc
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Consorzio Associazione Produttori Ortofrutticoli Foggia
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Mazzoni Vivai
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- California Asparagus Seed and Transplants, Inc
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views

10. Section

References
Research Methodology
About us