Global Asparagus Market 2018-2022
Asparagus is a spring vegetable, a flowering perennial plant species belonging to the lily family. It is a nutrient-dense vegetable high in folic acid and a good source of fibre, potassium, vitamin B6, vitamins A and vitamin C, and other nutrients.
Technavio’s analysts forecast the Global Asparagus Market to grow at a CAGR of 3.15% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global asparagus market. To calculate the market size, the report considers the revenue generated from the growing adoption of asparagus in the fresh packaging segment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Asparagus Market 2018-2022
Technavio recognizes the following companies as the key players in the global asparagus market: Altar Produce, DanPer, Limgroup, Teboza, Mazzoni, and T&G Global.
Commenting on the report, an analyst from Technavio’s team said: “One trend gaining momentum in this market is the growing use of asparagus as an ingredient in soups and fresh food products. The brine and pickled asparagus are extensively used in soups and sauces.”
According to the report, one driver influencing this market is the rising demand for asparagus for frozen and packaged vegetables. Various supermarkets and hypermarkets supply chilled and packaged food products due to the growing preference for urban population for packaged food products, which in turn, will boost the need for asparagus.
Further, the report states that one challenge affecting this market is the side-effects of asparagus. Asparagus is not completely safe to consume during pregnancy and breastfeeding. Its extracts are used for birth control, so it might harm the hormonal balance during pregnancy.
Altar Produce, DanPer, Limgroup, Teboza, Mazzoni, and T&G Global