Asparagus Market

Asparagus Market Segmented by Global Industry Insights, Trends, Outlook
and Opportunity Analysis Till 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.
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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.
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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