Asparagus Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

Asparagus Market - Global Industry Insights, Trends,
Outlook and Opportunity Analysis, 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.
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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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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