PUBLISHER: Grand View Research | PRODUCT CODE: 1575059
PUBLISHER: Grand View Research | PRODUCT CODE: 1575059
The global asparagus market size is estimated to reach USD 39.65 billion in 2030 and is anticipated to grow at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has experienced steady growth in recent years, driven by increasing consumer demand for healthy and nutritious foods. Asparagus, known for its rich content of vitamins, minerals, and antioxidants, has become a popular choice among health-conscious individuals. The market is expected to continue expanding in the coming years, fueled by factors such as rising demand from the food and beverage industry, heightened awareness of asparagus's health benefits, and growing adoption in developing countries.
A key driver of this growth is the rising demand from the food and beverage sector. Asparagus's versatility makes it a valuable ingredient in a wide range of dishes, including salads, appetizers, main courses, and side dishes. Its inclusion in canned and frozen food products, which offer convenience and extended shelf life, further boosts its popularity. With the increasing preference for convenient and healthy food options, the demand for asparagus is anticipated to rise.
The vegetable's appeal is also linked to its low-calorie content and nutrient-rich profile, aligning with the broader trend towards healthier eating. Major producers such as China, Peru, and Mexico play a significant role in satisfying high demand, particularly in the United States and various European countries. Asparagus trade is crucial for meeting consumer needs during the off-season.
Additionally, there is a growing interest in organic asparagus driven by eco-conscious consumers. Sustainable farming practices and organic certifications are becoming increasingly important as consumers seek products that align with their environmental values.