Fresh and Packaged Asparagus Market Forecast, Trend Analysis and Competition Tracking - Global Industry Insights 2015 to 2031

Asparagus is cultivated as a vegetable and consumed worldwide. Asparagus is also known as garden asparagus, and its folk name is sparrow grass. Asparagus is one of the earliest spring vegetables and is considered a valuable crop. It is a perennial, and plantings may remain productive for 15 years or more. Spear size and yield will decrease after 12 to 15 years. The stem's thickness indicates the plant's age, and thicker stems from older plants become woody. The young shoots of Asparagus are used as a spring vegetable owing to its unique flavor. Asparagus is a good source of zinc, calcium, magnesium, vitamin B6, and dietary fiber. It is also used as an aphrodisiac due to its diuretic properties and function. Asparagus consists of 93% water and is rich in amino acid asparagine. The plant's shoots are prepared in several ways globally, typically as a dish or an appetizer. Asparagus is also pickled and stored for several years. Asparagus thrives in soil that is more saline in nature for typical weed growth. It often originates in maritime habitats. Weeds in the soil for growing Asparagus are suppressed by adding salt to the ground, thus making the soil unusable for any other crop plantation. Crowns are planted in winter, and in spring, the first shoot appears; the first picking is pure Asparagus.

Asparagus has three types green, white and purple. The green asparagus flavor is a bit grassy. In comparison, the white asparagus flavor is mild and slightly bitter. White asparagus is becoming very popular globally. When the blanching technique is applied on asparagus shoots, grown asparagus turns white asparagus. White asparagus nodes are covered with soil as it unfolds without sunlight exposure, resulting in no photosynthesis process; thus, the shoots remain white. White asparagus is more tender, less bitter, and fresh, and it must be peeled before raw consumption or cooking. Purple asparagus is a bit sweeter and nuttier as it has about 20% more sugar content in its stalks. Purple asparagus is purple from the outside, but the interior has green spear-like asparagus.

Global Fresh and Packaged Asparagus Market Revenue Outlook:

The global Fresh and Packaged Asparagus Market is valued at US$ 21.06 Mn in 2020 and is projected to register а САGR of 2.5% by 2031.

Nonetheless, various industry players in the global fresh and packaged asparagus market are now increasing their focus on establishing successful collaborations, acquisitions, and joint venture activities to enhance their respective customer bases. These players are also growing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Asparagus Production Chain

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Increasing Awareness About Health Benefits Fueling The Demand For Asparagus

Asparagus contains nutrients such as protein, vitamin C, beta-carotene, vitamin K, vitamin E, niacin, folic acid, phosphorous, potassium, some trace minerals like copper and chromium, etc. The presence of trace minerals in the asparagus helps regulate insulin to transport glucose from the blood to cells. Such factors are expected to increase the consumption of asparagus and contribute to market growth positively.

Asparagus has medicinal value as it helps in increasing libido and maintain blood pressure levels and cholesterol levels. It also has high vitamin K content, anti-inflammatory properties, and high antioxidants, helping reduce heart disease risk. Medicinal and health benefits of asparagus have led to increased consumption due to awareness among individuals and supports the market growth in the future.

Asparagus Production Data by Region, 2019

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Restraints for Growth of the Global Fresh and Packaged Asparagus Market

Asparagus in some people causes gas, odor in the urine, and causes allergies to people allergic to other lily family members, causing symptoms like runny nose, trouble breathing, and swelling around the mouth and lips.

Direct marketing also constrains market growth as farmers directly selling organic products lead to lower selling prices and fewer profits. The product distribution through direct marketing is relatively weaker in the emerging region than in the developed region. These factors are hampering the market growth.

Trends in the Global Fresh and Packaged Asparagus Market

In recent years' asparagus has gained popularity to be eaten raw as a salad. Earlier, asparagus was a seasonal crop, and now it is grown year-round and is available at any time of year. Also, the growing popularity of organic products is strengthening the asparagus market. These are the major trends seen in the market and contribute positively to the coming years' revenue growth.

Additionally, changing factors in the international market contributing to industry development. Factors such as high yields of produce due to favorable soil and climatic conditions; introduction of the drip irrigation system, which enabled desert cultivation; and the industry's collective efforts with help from the public sector are boosting the market growth worldwide.

Competitive Landscape

The fresh and packaged asparagus market landscape appears highly consolidated, with a significant chunk of it being dominated by the players.

• Virú SA
• DanPer Trujillo S.A.C.
• Complejo Agroindustrial Beta S.A.
• Mazzoni S.p. A.
• AGROKASA S.A
• Limgroup BV
• Alpine Fresh Inc.
• Desert Farms LLC
• Altar Produce LLC
• Other Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered for Global Fresh and Packaged Asparagus Market

Global Fresh and Packaged Asparagus Market Segmented by Type

• White
• Green
• Purple

Global Fresh and Packaged Asparagus Market Segmented by Product Type

• Fresh
• Packaged

Global Fresh and Packaged Asparagus Market Segmented by Application

• Healthcare
• Food & Beverages
• Cosmetics

Global Fresh and Packaged Asparagus Market Segmented by Distribution Channel

• Supermarket/Hypermarket
• Specialty Store
• Online Platform
• Local Market

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