Pune, 16, Nov, 2022: Maximize Market Research is a leading food and beverages research firm that delivers a detailed analysis of the “Arugula Microgreen Market”. The report includes drivers, challenges, restraints, opportunities prevailing the Arugula Microgreen Market with a competitive landscape. The report expects the market to grow from USD 165.20 billion in 2021 to USD 329.17 Billion by 2029 at a CAGR of 9 percent during the forecast period from 2022 to 2029.
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Arugula Microgreen Market Scope and Research Methodology
The report is a comprehensive analysis of the Arugula Microgreen Market by region, segment and competitive landscape. For understanding the global factors affecting the Arugula Microgreen Market, the report presents drivers, challenges, restraints and opportunities prevailing in the Arugula Microgreen Market. The report covers the current trends prevailing in the market along with estimations about future trends to help understand investors identify investment pockets and opportunities in the Arugula Microgreen Market.
The report is equipped with a competitive analysis of the Arugula Microgreen Market. Key players and new entrants in the Arugula Microgreen Market are listed together. These are analysed by region, revenue, financial status, portfolio, technological advancements adopted, social media presence, mergers and acquisitions, joint ventures and strategic alliances. This aids new entrants understand the Arugula Microgreen Market for growth prospects and future business outlooks. Such analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Arugula Microgreen Market for formulating investment approaches and marketing tactics.
The bottom-up approach was employed to validate the market size in terms of value and volume by different segments. Secondary research is used to identify key companies in the Arugula Microgreen Market, while primary and secondary research is used to determine their market revenues. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from a list of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths, weaknesses, opportunities in the market and potential threats looming over the Arugula Microgreen Market. Porter’s Five Forces analysis helps one drive deeper into the industry to tweak strategies according to the current market scenario, increase the profit margin and stay a step ahead of the competitors in the market. The five forces analysis includes the competitive landscape, supply and demand side of the market with the degree of power held by them, threat to entry and threat of substitution. Such a thorough analysis acts as a toolkit for the company to improve its presence in the market. PESTLE was employed to understand the potential impact of the external factors affecting the Arugula Microgreen Market. Thus the report provides a detailed overview of the Arugula Microgreen Market.
Arugula Microgreen Market Overview
Arugula, also known as rocket, is a salad green that belongs to the brassica family which is the same as mustard and broccoli. Microgreens are seedlings of vegetables or herbs that are gaining popularity. In appearance, it has small leaves that leave a spicy, peppery taste on your palate. It is a cruciferous vegetable native to the Mediterranean region, making it a staple in Italian and Greek cuisine.
Arugula Microgreen Market Dynamics
Increasing demand for organic vegetables along with efforts to reduce waste generation has increased the popularity of aquaponics. Farmers are increasing the use of aquaponics to grow veggies which are expected to increase the Arugula Microgreen Market. Locally grown vegetables are considered to be better for health and more flavourful. They also reduce the cost of transportation and provide a longer shelf life. The aquaponics industry growth is expected to increase the demand for the Arugula Microgreen Market over the forecast period.
Vertical farming is gaining traction among indoor farmers along with increasing adoption at a larger scale in greenhouses. The growth is being supported by developments in greenhouse technology. This shift is expected to increase the Arugula Microgreen Market making it a lucrative option. Such factors combined are expected to drive the Arugula Microgreen Market over the forecast period.
Arugula Microgreen Market Regional Insights
The North American region held the largest share of the Arugula Microgreen Market and is expected to continue this growth streak over the forecast period. Growth in the region is attributed to extensive research and development mainly in the U.S., Canada and Mexico coupled with its increasing use of vertical farming technology. Arugula Microgreen is witnessing an increase in popularity, especially among Michelin star restaurants. This increased demand is expected to drive the regional Arugula Microgreen Market growth over the forecast period.
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Arugula Microgreen Market Segmentation
- Indoor Vertical Farming
- Commercial Greenhouse Farming
By Distribution Channel:
- Retail Store
- Online Store
- Farmers Market
Arugula Microgreen Market Key Competitors include:
- Bowery Farming
- Farmbox Greens LLC
- Gotham Greens
- Living Earth Farm
- Madar Farms
- The Chef’s Garden Inc
- True Leaf Market Seed Company
- TruLeaf Sustainable Agriculture
Key questions answered in the Arugula Microgreen Market are:
- What is Arugula Microgreen?
- What is the current growth rate of the Arugula Microgreen Market?
- What is the nature of competition in Arugula Microgreen industry in developed and developing economies?
- Who are the key players in the Arugula Microgreen Market?
- Who are the market leaders in Arugula Microgreen in Europe?
- Who are the market leaders in Arugula Microgreen in USA and Canada?
- Who are the market leaders in Arugula Microgreen in India, China, Japan and South Korea?
- What are the factors affecting growth in the Arugula Microgreen Market?
- Who held the largest market share in Arugula Microgreen Market?
- What are the factors for the growth of Asia-Pacific region in Arugula Microgreen Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Farming, Distribution Channel and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
Organic Foods and Beverages Market–The Arugula Microgreen Market size is expected to reach USD 970.51 billion by 2029 at a CAGR of 16 percent during the forecast period. The Organic Foods and Beverages Market t is expected to be driven by changing consumer preferences and adoption of a healthy lifestyle.
Fruit & Vegetable Ingredients Market–The Fruit & Vegetable Ingredients Market size is expected to reach USD 266.25 billion by 2029 at a CAGR of 5 percent during the forecast period. The Fruit & Vegetable Ingredients Market is expected to be driven by increasing preference for a healthy life and natural and organic foods.
Organic Tea Market –The Organic Tea Market size is expected to reach USD 2.38 billion by 2029 at a CAGR of 6 percent during the forecast period. The Organic Tea Market is expected to be driven by the therapeutic qualities offered by tea, health benefits and increasing demand for speciality tea.
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