Asparagus Market Poised for Robust CAGR of over 3.1% through 2027

Asparagus Market: Global Industry Analysis and
Opportunity Assessment, 2017–2027
May 2017
Report Id : REP-GB-2588
Status : April - 17
Category : Food and Beverages
©2015 Future Market Insights, All Rights Reserved
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Asparagus Market
Key excerpts from Future Market Insights’ latest report on the global asparagus market project that by
the end of 2027, around 10,300,521.7 metric tonnes (MT) of asparagus will be consumed across the
globe. The sales of 10 million MT of asparagus are estimated to bring in revenues worth over US$ 37 Bn.
Rising awareness among consumers regarding benefits of consuming asparagus is expected to instrument
the growth in global consumption. By helping consumers boost their immunity, enhance brain function,
and at certain extent, fight cancer, asparagus will continue to be an essential vegetable rich in nutrients.
In terms of production, China is expected to remain the world’s largest asparagus producer throughout
the forecast period, 2017-2027. In 2014, China recorded production of half a million metric tonnes of
asparagus. China’s contribution to the asparagus market in Asia-Pacific will remain significant. However,
brimming demand for asparagus makes Western Europe the largest market, procuring over 40% share of
global revenues. North America is also expected to be at the forefront of expansion of the global
asparagus market, recording consumption of nearly 2 million MT of asparagus by 2016-end.
In spite of ample production and growing awareness regarding benefits of asparagus, the market is
poised to grow at a moderate place. In terms of volume, the market is projected to showcase a 2.2%
CAGR, while global asparagus revenues are projected to soar sluggishly at 3.1% CAGR during the forecast
period. The report, titled “Asparagus Market: Global Industry Analysis and Opportunity Assessment,
2017-2027,” has identifies key restraints for the growth of global asparagus sales, which include:
Farmers Opting for Direct Marketing – Farmers cultivating asparagus sell their produce by themselves,
through traditional village bazaars and roadside outlets.
©2015 Future Market Insights, All Rights Reserved
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Asparagus Market
Large and small restaurants as well as common consumers are also preferring to purchase this farm-fresh
asparagus through direct marketing of farmers. This practice is impacting the global asparagus sales, but
at a moderate extent.
High Costs for Processing & Storage of Asparagus – The most crucial inhibitor for growth of global
asparagus sales is the need for higher capital investment in storage and processing of asparagus. Cost of
packaging, cooling and transportation is relatively high, which reduces the price per pound of asparagus.
Reduction in price per pound further leads to monetary losses for manufacturers. Processed asparagus,
such as asparagus in brine, soups, mixed vegetable products etc., being sold at higher cost price, is
expected to result in lower uptake among some sections of consumers in the world.
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Leading manufacturers of asparagus include: Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo
S.A.C., Limgroup B.V., TEBOZA BV, THIERMANN SPAGEL FARM, ILIOS - The Greek Asparagus Company,
BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC.,
Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and
Transplants, Inc.
Additional Highlights from the Report • By the end of 2017, the report estimates that over 8.2 million MT of asparagus will consumed globally,
raking in US$ 27.7 Bn revenues
©2015 Future Market Insights, All Rights Reserved
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Asparagus Market
• Towards the end of 2027, over three-fourth of global revenues will be accounted by sales of fresh
asparagus
• Likewise, green asparagus will also hold 75% share of global revenues throughout the forecast period,
registering revenue growth at 3.3% CAGR
©2015 Future Market Insights, All Rights Reserved
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Table of Content
1. Global Asparagus Market Executive Summary
2. Market Taxonomy
3. Global Asparagus Market Value (US$ Mn) & Volume (MT) Forecast
3.1. Global Asparagus Growers & Association – Overview
3.2. Global Asparagus Market Trends
4. Asparagus Production & Cultivation Overview
4.1. Overview on Top 10 Asparagus Producing Countries
4.2. Overview on Production Acreage & Yield
4.3. Global Asparagus Cultivation Analysis, By Region
4.4. Global Asparagus Cultivation Analysis, By Countries
4.5. Global Asparagus Yield Analysis, By Countries
4.6. Production And Yield Comparison Overview
5. Global Asparagus Overview By Color & By Type
6. Net Trade Scenario
6.1. Overview on Asparagus Import: By top 10 Countries
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Table of Content
6.2. Overview on Asparagus Export: By top 10 Countries
7. Pricing Analysis
8. Industry Supply Chain Analysis
8.1. Production Chain
8.2. Value Chain
9. Market Dynamics
9.1. Drivers
9.2. Restraints
9.3. Opportunity
10. Global Asparagus Market Value (Mn) & Volume (MT) Forecast, By Type
10.1. Market Snapshot, By Type
10.1.1. Basis Point Share (BPS) Analysis, By Type
10.1.2. Y-o-Y Growth Projections, By Type
10.2. Market Value (US$) & Volume (MT) Forecast By Type
10.2.1. Market Absolute $ Opportunity (US$ Mn) Analysis and Forecast, By Type
10.2.2. Canned
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Table of Content
10.2.3. Fresh
10.2.4. Frozen
10.3. Market Attractiveness Analysis, By Type
11. Global Asparagus Market Value (Mn) & Volume (MT) Forecast, By Color
11.1. Introduction
11.1.1. Market Snapshot, By Colour
11.1.2. Basis Point Share (BPS) Analysis, By Colour
11.1.3. Y-o-Y Growth Projections, By Colour
11.2. Market Absolute $ Opportunity (US$ Mn) Analysis and Forecast, By Colour
11.2.1. White
11.2.2. Green
11.3. Market Attractiveness Analysis, By Colour
12. Global Asparagus Market Value (Mn) & Volume (MT) Forecast, By Region
12.1. Introduction
12.1.1. Market Snapshot, By Region
12.1.2. Basis Point Share (BPS) Analysis, By Region
12.1.3. Y-o-Y Growth Projections, By Region
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Table of Content
12.2. Market Absolute $ Opportunity (US$ Mn) Analysis and Forecast By, Region
12.2.1. North America
12.2.2. Latin America
12.2.3. Eastern Europe
12.2.4. Western Europe
12.2.5. Asia-Pacific excluding Japan (APEJ)
12.2.6. Middle East and Africa (MEA)
12.3. Market Attractiveness Analysis, By Region
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