The Asparagus Market Envisions US$ 30,884.4 Million by 2033

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 farmed worldwide, with significant production in China, Peru, Mexico, Spain, and the United States. These countries offer excellent weather conditions as well as agricultural practises that favour asparagus cultivation.

As with other agricultural practises, asparagus production has environmental and sustainability challenges. Water usage, soil deterioration, and pesticide control are all concerns being addressed by the sector through sustainable farming practises and technological advancements.

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Farmers Opting for Direct Marketing – Farmers that grow asparagus sell their produce on their own, through traditional village bazaars and roadside stands. Large and small restaurants, as well as ordinary people, prefer to buy farm-fresh asparagus from farmers through direct marketing. This practise is having a minor impact on global asparagus sales.

High Costs for Processing & Storage of Asparagus – The need for increased capital expenditure in asparagus storage and processing is the most significant impediment to global asparagus sales growth. Because the cost of packaging, refrigeration, and transportation is quite high, the price per pound of asparagus is reduced. Manufacturers suffer financial losses as the price per pound falls. Processed asparagus, such as asparagus in brine, soups, mixed vegetable products, and so on, are predicted to be less popular among various segments of the global consumer population.

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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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