Asparagus Market

Asparagus Market - Global Industry
Insights, Trends, Outlook, 2018-2026
Asparagus is a spring vegetable, herbaceous and high value flowering perennial plant
with stout stems with much branched, feathery foliage. It is a member of lily family which
also includes leeks, garlic, and onion. One of the key factors for the growth of
asparagus market is that it aids in bone health and blood clotting as asparagus contains
vitamin K, vitamin C, folates and little bit of tryptophan. Increasing consumer demand for
organic products made of asparagus has made organic crop production one of the
fastest growing segments of asparagus market. Asparagus helps consumer to boost
their immunity, enhance brain function and at some extent, fight cancer is projected to
the growth of asparagus market. Increasing awareness regarding health benefits of
consuming asparagus among population is expected to the growth of asparagus
market.
The rise in demand for the anti-aging creams drives growth of the cosmetic application
segment. In addition to rich source in vitamins, asparagus also consists of anti-oxidant
properties is projected to the growth of asparagus market. Asparagus along with
vegetable also considered as medicinal plant as it helps in maintaining cholesterol level
in the body and reduce blood pressure level are some of the drivers which attract the
pharmaceutical companies and fuel to the growth of asparagus market. Along with this,
asparagus offers wide variety of taste and texture is expected to the growth of
asparagus market.
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Asparagus Market OutlookEurope is the largest manufacturer of asparagus followed by North America and
Western Asia. Presently, asparagus is used in starter and salad in restaurants led to
growth of the asparagus market. Cost of packaging, cooling transportation is relatively
high which increases the price of asparagus. The U.S. consumption of fresh asparagus
increased rapidly as compared to canned asparagus and frozen asparagus enabling
opportunities for exporting countries to be able to provide out of season produce.
According to Agricultural Marketing Resource Center, asparagus is a low calorie,
nutritious vegetable that is high in vitamin C and iron and one cup of asparagus
contains 3 grams of protein which leads to the high production of asparagus market,
hence is expected to fuel the growth of asparagus market during the forecast period.
According to Non-Traditional Agricultural Exports, asparagus is the chief product in
Peru. Peruvian exports enhanced due to competitiveness which originated from
favorable climate, soil, labor and production factors.
Pickled asparagus sauces and soups and brine lead to an increasing demand for fresh
asparagus products, asparagus is used as key ingredients in soups due to its palatable
taste and its nutritive value and has broadly become the choice of soup manufacturing
industry, which is expected to propel the growth of global asparagus market in terms of
value and volume.
Various asparagus manufacturing companies mainly focusing on product development
and are implementing new innovations and technology to achieve better market position
in the global asparagus market. In May 2017, Limgroup introduced Aspalim and Portlim,
to enhance their product portfolio and to expand their position in the global asparagus
market.
Some of the key players in the global asparagus market are Altar Produce, DanPer,
Limgroup, TEBOZA Asparagus, Viru(Natural Ahead), , Cutter Asparagus Seed, Mazzoni
S.p.A., Walker Plants, Spargelhof Elsholz, ILIOS –The Greek Asparagus Company,
California Asparagus Seed and Transplants, Inc., Gourmet Trading Company and Motta
Produce.
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Asparagus Market report categorizes global market on the basis of color, product type, distribution channel, and end-use - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025

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