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Global Asparagus Market to reach USD XX billion by the end of 2029.

Global Asparagus Market Size study & Forecast, by Product Type (Fresh, Frozen and Preserved), User Application (Food and Others) and Distribution Channels (Supermarkets/Hypermarkets, Convince Stores and E-Commerce) and Regional Analysis, 2022-2029

Product Code: OIRAL-58514951
Publish Date: 8-02-2023
Page: 200

Global Asparagus Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Asparagus also known as garden asparagus, and sparrow grass is a flowering plant species mostly found in Siberia and southern Africa. Moreover, it is also grown in Mediterranean region throughout North Africa, Europe, and the Middle East. Asparagus is low in calories and contains fibre, folate, and vitamins A, C, and K. It offers several health benefits including lower blood pressure, improve digestive health, promotes weight loss, breaks down toxins in the liver by increasing liver enzymes, and strengthen immune system. The increasing demand for Organic Asparagus and growing consumption of dietary supplements are key factors accelerating the market growth.

The increasing demand for dietary supplements is contributing to the growth of the Global Asparagus Market. For instance, according to Statista – in 2021, the dietary supplement market worldwide was estimated at USD 137 billion, and the market is projected to grow to USD 239.4 billion by 2028. Moreover, as per Statista – In 2019, the global sales of vitamins and minerals supplement was estimated at USD 57 million, and the sales are expected to reach USD 84.6 million by 2025. Also, rising number of health-conscious individuals and growing emergence of online distribution channels would create lucrative growth prospectus for the market over the forecast period. However, the lack of penetration of Asparagus in developing regions stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Asparagus Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the increasing demand for vitamins and minerals supplements in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric populations, and increasing expansion of e-commerce industry in the region.

Major market player included in this report are:
Altar Produce LLC
DanPer Trjillo S.A.C
Sociedad Agricola Viru
Teboza B.V.
Limgroup B.V.
Thiermann Spagel Farm
Ilios – The Greek Asparagus Company
Cutter Asparagus Seed
Bejo Seeds LTD.
Jersey Asparagus Farms INC.

Recent Developments in the Market:
 In October 2019, Global Plant Genetics has unveiled the Guelph Equinox asparagus variety in Europe. Moreover, the seed production is handled by Fox Seeds, and Global Plant Genetics has exclusive seed distribution rights to the variety in Europe and Russia.

Global Asparagus Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product Type, User Application, Distribution Channels, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type
By User Application
By Distribution Channels
Convince Stores

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Asparagus Market, by Region, 2019-2029 (USD Billion)
1.2.2. Asparagus Market, by Product Type, 2019-2029 (USD Billion)
1.2.3. Asparagus Market, by User Application, 2019-2029 (USD Billion)
1.2.4. Asparagus Market, by Distribution Channels, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Asparagus Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Asparagus Market Dynamics
3.1. Asparagus Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing demand for Organic Asparagus Growing consumption of dietary supplements
3.1.2. Market Challenges Lack of penetration in emerging economies
3.1.3. Market Opportunities Rising number of health-conscious individuals Growing emergence of online distribution channels
Chapter 4. Global Asparagus Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Asparagus Market, by Product Type
6.1. Market Snapshot
6.2. Global Asparagus Market by Product Type, Performance – Potential Analysis
6.3. Global Asparagus Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
6.4. Asparagus Market, Sub Segment Analysis
6.4.1. Fresh
6.4.2. Frozen
6.4.3. Preserved
Chapter 7. Global Asparagus Market, by User Application
7.1. Market Snapshot
7.2. Global Asparagus Market by User Application, Performance – Potential Analysis
7.3. Global Asparagus Market Estimates & Forecasts by User Application 2019-2029 (USD Billion)
7.4. Asparagus Market, Sub Segment Analysis
7.4.1. Food
7.4.2. Others
Chapter 8. Global Asparagus Market, by Distribution Channels
8.1. Market Snapshot
8.2. Global Asparagus Market by Distribution Channels, Performance – Potential Analysis
8.3. Global Asparagus Market Estimates & Forecasts by Distribution Channels 2019-2029 (USD Billion)
8.4. Asparagus Market, Sub Segment Analysis
8.4.1. Supermarkets/Hypermarkets
8.4.2. Convince Stores
8.4.3. E-Commerce
Chapter 9. Global Asparagus Market, Regional Analysis
9.1. Asparagus Market, Regional Market Snapshot
9.2. North America Asparagus Market
9.2.1. U.S. Asparagus Market Product Type breakdown estimates & forecasts, 2019-2029 User Application breakdown estimates & forecasts, 2019-2029 Distribution Channels breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Asparagus Market
9.3. Europe Asparagus Market Snapshot
9.3.1. U.K. Asparagus Market
9.3.2. Germany Asparagus Market
9.3.3. France Asparagus Market
9.3.4. Spain Asparagus Market
9.3.5. Italy Asparagus Market
9.3.6. Rest of Europe Asparagus Market
9.4. Asia-Pacific Asparagus Market Snapshot
9.4.1. China Asparagus Market
9.4.2. India Asparagus Market
9.4.3. Japan Asparagus Market
9.4.4. Australia Asparagus Market
9.4.5. South Korea Asparagus Market
9.4.6. Rest of Asia Pacific Asparagus Market
9.5. Latin America Asparagus Market Snapshot
9.5.1. Brazil Asparagus Market
9.5.2. Mexico Asparagus Market
9.5.3. Rest of Latin America Asparagus Market
9.6. Rest of The World Asparagus Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Altar Produce LLC Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. DanPer Trjillo S.A.C
10.2.3. Sociedad Agricola Viru
10.2.4. Teboza B.V.
10.2.5. Limgroup B.V.
10.2.6. Thiermann Spagel Farm
10.2.7. Ilios – The Greek Asparagus Company
10.2.8. Cutter Asparagus Seed
10.2.9. Bejo Seeds LTD.
10.2.10. Jersey Asparagus Farms INC.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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