The asparagus market is a global market that involves the production, distribution, and sale of fresh asparagus, asparagus spears, and other asparagus products. Asparagus is a nutrient-dense vegetable that is low in calories and high in vitamins and minerals such as folate, potassium, and vitamin C.
Asparagus is grown in various regions worldwide, with significant production in countries such as China, Peru, Mexico, Spain, and the United States. These countries have favorable climatic conditions and suitable agricultural practices to support asparagus cultivation.
Asparagus production, like other agricultural practices, faces challenges related to environmental impact and sustainability. Issues such as water usage, soil degradation, and pesticide management are areas of concern that the industry continues to address through sustainable farming practices and technological advancements.
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Farmers Opting for Direct Marketing – Farmers cultivating asparagus sell their produce by themselves, through traditional village bazaars and roadside outlets. Large and small restaurants as well as common consumers are also preferring to purchase this farm-fresh asparagus through direct marketing of farmers. This practice is impacting the global asparagus sales, but at a moderate extent.
High Costs for Processing & Storage of Asparagus – The most crucial inhibitor for growth of global asparagus sales is the need for higher capital investment in storage and processing of asparagus. Cost of packaging, cooling and transportation is relatively high, which reduces the price per pound of asparagus. Reduction in price per pound further leads to monetary losses for manufacturers. Processed asparagus, such as asparagus in brine, soups, mixed vegetable products etc., being sold at higher cost price, is expected to result in lower uptake among some sections of consumers in the world.
Leading manufacturers of asparagus include Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, THIERMANN SPAGEL FARM, 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.
Key Segments Covered
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
By Type
- Fresh
- Canned
- Frozen
By Colour
- White
- Green
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Additional Highlights from the Report –
- By the end of 2017, the report estimates that over 8.2 million MT of asparagus will consumed globally, raking in US$ 27.7 Bn revenues
- Towards the end of 2027, over three-fourths of global revenues will be accounted by sales of fresh asparagus
- Likewise, green asparagus will also hold 75% share of global revenues throughout the forecast period, registering revenue growth at 3.3% CAGR
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