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Processed Asparagus Market Size, Share, Trends, Growth Outlook

Processed Asparagus Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- By Type (Frozen, Preserved) By Application (Food, Pharmaceutical) By Distribution Channel (Supermarkets/Hypermarkets, Online), and Companies Report

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  • |Published Month : November, 2024
  • |No. of Pages : 180

The global Processed Asparaguse market size is estimated to register 5.1% growth over the forecast period from 2023 to 2030.

 

The processed asparagus market is influenced by several key drivers and trends. Drivers include the rise in health and wellness awareness, making asparagus a sought-after healthy option, the demand for convenient foods due to busy lifestyles, globalization of cuisine leading to increased use of asparagus in various dishes, growth in the foodservice industry, and a focus on sustainability and environmental concerns in sourcing and production. Technological advancements also enable innovative asparagus products. Consumers prefer clean label products with natural ingredients, plant-based and vegan options are gaining popularity, flavour innovation is expanding the versatility of asparagus, sustainable packaging is on the rise, global sourcing adds diversity, online retailing widens access, and creative marketing and branding strategies are used to stand out in a competitive market. Reduced sodium and sugar options cater to health-conscious consumers.

 

Processed Asparagus as a Hassle-Free Meal Solution is creating a demand in the market.

The growing popularity of Processed Asparagus as a Hassle-Free Meal Solution is significantly impacting the market landscape. As consumers increasingly seek convenient and time-saving options, processed asparagus has emerged as an attractive choice. Its pre-cut and pre-cooked nature makes it an ideal ingredient for quick and easy meals. This trend has not only spurred a surge in demand but has also opened up new avenues for product innovation and packaging. From salads to stir-fries, processed asparagus's versatility appeals to a wide range of consumers, making it a prominent player in the evolving food industry. Its rising demand is indicative of the ever-changing preferences of modern consumers who prioritize convenience without compromising on quality.

 

International Cuisine and Globalization are Transforming the Asparagus Industry.

The asparagus industry is experiencing a significant transformation driven by the forces of international cuisine and globalization. As consumers become more adventurous with their culinary preferences, the demand for diverse and exotic ingredients, including asparagus, has surged. This global appetite for culinary variety has prompted asparagus growers and exporters to adapt and diversify their production and distribution methods to meet this growing demand. Globalization has facilitated the exchange of culinary traditions and ingredients across borders, allowing asparagus to become a staple in dishes from Asia to Europe and beyond. As a result, the asparagus industry is witnessing increased international collaboration and trade, leading to a more interconnected and dynamic market. This transformation not only offers economic opportunities for asparagus producers but also enriches the global culinary landscape with the inclusion of this versatile and nutritious vegetable in various cuisines.

 

Reduced Sodium and Sugar Options in Asparagus Products is attracting a wide customer base.

The availability of reduced sodium and sugar options in processed asparagus products has garnered significant attention and appeal among consumers. This development caters to the growing demand for healthier food choices, as people become increasingly health conscious. By offering these options, manufacturers are addressing the needs of a diverse customer base, including those with dietary restrictions, health concerns, or simply a preference for lower sodium and sugar intake. This shift in product offerings not only aligns with current health trends but also signifies a commitment to providing more balanced and nutritious alternatives in the processed asparagus market, ultimately benefiting both consumers and the industry.

 

Market Share Analysis:

Frozen asparagus is the most dominant type of processed asparagus in the market.

Frozen asparagus stands out as the leading processed asparagus variety in the market, prized for its versatility and convenience in culinary applications. Rich in vitamins and minerals, it appeals to health-conscious consumers. Preserved asparagus, though a traditional choice primarily for salads and cold dishes, doesn't match the flexibility and ease of frozen asparagus. Market growth is fueled by factors such as the rising preference for frozen vegetables, especially among younger consumers seeking nutritious, hassle-free options, as well as its increased usage in the foodservice sector. While the preserved asparagus market is expected to grow, it lags behind frozen asparagus due to the latter's growing popularity and convenience advantages. Overall, frozen asparagus remains the dominant force, thanks to its convenience, adaptability, and nutritional benefits.

 

The processed asparagus market is primarily dominated by its application in the food industry.

Processed asparagus finds extensive use in various food products like canned, frozen, and pickled asparagus, as well as in dishes such as asparagus soup, risotto, omelettes, quiches, pizza, and salads. While it also has applications in pharmaceuticals, such as asparagus root extract with potential health benefits, the food sector stands out due to its versatility, convenience, and affordability. Processed asparagus is favoured for its adaptability in different food items, its ready-to-eat nature, and its cost-effectiveness, making it the leading application within the processed asparagus market.

 

Supermarkets and hypermarkets reign as the primary distribution channels in the processed asparagus market.

The Supermarkets and hypermarkets dominance can be attributed to several factors like the convenience of one-stop shopping for both processed asparagus and other groceries, a vast array of processed asparagus brands and products to choose from, and competitive pricing. Although online sales channels are gaining traction for processed asparagus purchases, they still hold a smaller market share compared to supermarkets and hypermarkets. Other distribution avenues, such as convenience stores, specialty food stores, and restaurants, play a minor role in the overall market. In summary, supermarkets and hypermarkets offer consumers a convenient, accessible, and cost-effective means of acquiring a diverse range of processed asparagus products, solidifying their dominance in the industry.

 

Europe is a dominant player in the global processed asparagus market.

The dominance is due to the growing utilization of asparagus in processed food items. Countries like Germany, France, and Spain are driving this market with a robust demand for both fresh and processed asparagus. Several factors contribute to this growth, including the rising popularity of convenient asparagus products like canned and frozen varieties, increased awareness of the health benefits associated with asparagus consumption, higher disposable incomes among consumers, and a growing demand for vegetarian and vegan options. Key players in the European processed asparagus market, such as Bonduelle, Green Giant, and Conagra Brands, are actively focusing on product innovation and expanding their distribution networks, ensuring that the market remains competitive in the foreseeable future.

 

Processed Asparagus Market Segmentation

By Type

  • Frozen
  • Preserved

 

By Application

  • Food
  • Pharmaceutical
  • Others

 

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Online
  • Others

 

By Region

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Spain, Italy, Others)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Others)
  • Latin America (Brazil, Argentina, Others)
  • Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Processed Asparagus Market Companies

Leading Companies profiled in the study include-

  • Altar Produce (United States)
  • DanPer (Peru)
  • Beta SA (Peru)
  • AEI (Peru)
  • Agrizar (Mexico)
  • Limgroup (Netherlands)
  • Walker Plants (United States)
  • Sociedad (Peru)

 

*List not exhaustive

 

Processed Asparagus Market Outlook 2023

1 Market Overview                     

1.1 Introduction to the Processed Asparagus Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Processed Asparagus Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Processed Asparagus Market Companies with Area Served

4.2.2 Products Offerings Global Processed Asparagus Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 Post-COVID-19 Scenario- Low Growth Case

5.1.3 Post-COVID-19 Scenario- Reference Growth Case

5.1.4 Post-COVID-19 Scenario- Low Growth Case

 

6 Global Processed Asparagus Market Trends

6.1 Global Processed Asparagus Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Processed Asparagus Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Processed Asparagus Revenue (USD Million) and CAGR (%) by Regions (2018-2030)

 

7 Global Processed Asparagus Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Processed Asparagus Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Processed Asparagus Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Processed Asparagus Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Processed Asparagus Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Processed Asparagus Development Regional Status and Outlook

8.1 Global Processed Asparagus Revenue (USD Million) By Regions (2018-2022)

8.2 North America Processed Asparagus Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Processed Asparagus Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Processed Asparagus Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Processed Asparagus Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Processed Asparagus Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Processed Asparagus Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Processed Asparagus Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Processed Asparagus Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Processed Asparagus Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Processed Asparagus Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Processed Asparagus Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Processed Asparagus Revenue (USD Million) by Applications (2018-2022)

8.5 South America Processed Asparagus Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Processed Asparagus Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Processed Asparagus Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Processed Asparagus Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Processed Asparagus Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Processed Asparagus Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Processed Asparagus Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Processed Asparagus Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Processed Asparagus Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Processed Asparagus Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Processed Asparagus Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Processed Asparagus Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Processed Asparagus Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Processed Asparagus Development Regional Status and Outlook Forecast

11.1 Global Processed Asparagus Revenue (USD Million) By Regions (2023-2030)

11.2 North America Processed Asparagus Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Processed Asparagus Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Processed Asparagus Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Processed Asparagus Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Processed Asparagus Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Processed Asparagus Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Processed Asparagus Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Processed Asparagus Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Processed Asparagus Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Processed Asparagus Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Processed Asparagus Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Processed Asparagus Revenue (USD Million), by Applications (2023-2030)

11.5 South America Processed Asparagus Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Processed Asparagus Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Processed Asparagus Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Processed Asparagus Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Processed Asparagus Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Processed Asparagus Revenue (USD Million), by Region (2023-2030)

11.6.2 Middle East and Africa Processed Asparagus Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Processed Asparagus Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Processed Asparagus Market Companies with Areas Served

Table 3 Products Offerings Global Processed Asparagus Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Processed Asparagus Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Processed Asparagus Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Processed Asparagus Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Table 11 Global Processed Asparagus Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Processed Asparagus Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Processed Asparagus Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Processed Asparagus Market Share (%) By Regions (2018-2022)

Table 16 North America Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Table 17 North America Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Table 18 North America Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Table 26 South America Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Table 27 South America Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Processed Asparagus Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Table 33 Global Processed Asparagus Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Processed Asparagus Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Processed Asparagus Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Processed Asparagus Revenue (USD)By Country (2023-2030)

Table 38 North America Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Table 39 North America Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Processed Asparagus Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Processed Asparagus Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Processed Asparagus Revenue (USD Million) By Country (2023-2030)

Table 47 South America Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Table 48 South America Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Processed Asparagus Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Processed Asparagus Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Processed Asparagus Revenue Market Share (%) By Type (2022)

Figure 5 Global Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Processed Asparagus Revenue Market Share (%) By Applications (2022)

Figure 7 Global Processed Asparagus Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Processed Asparagus Market Share (%) By Regions (2022)

Figure 9 North America Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Processed Asparagus Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Processed Asparagus Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Processed Asparagus Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Processed Asparagus Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Processed Asparagus Revenue Market Share (%) By Type (2030)

Figure 26 Global Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Processed Asparagus Revenue Market Share (%) By Applications (2030)

Figure 28 Global Processed Asparagus Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Processed Asparagus Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Processed Asparagus Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Processed Asparagus Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Processed Asparagus Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Processed Asparagus Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Processed Asparagus Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Processed Asparagus Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Processed Asparagus Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches For This Report

Figure 46 Data Triangulation

 

Processed Asparagus Market Segmentation

By Type

  • Frozen
  • Preserved

 

By Application

  • Food
  • Pharmaceutical
  • Others

 

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Online
  • Others

 

By Region

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Spain, Italy, Others)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Others)
  • Latin America (Brazil, Argentina, Others)
  • Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)