Market Overview:
The global processed asparagus market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for processed asparagus in food applications and others applications. North America dominates the global processed asparagus market, followed by Europe, Asia Pacific, Latin America and Middle East & Africa respectively.
Product Definition:
Processed asparagus is a food that has been treated in some way to preserve it. It can be frozen, canned, or dried.
Frozen:
Frozen processed asparagus is a product that has high demand in the market. It is used to make various types of food products such as soups, salads, pasta and noodles, snacks and side dishes among others. The growth factor for frozen processed asparagus is increasing its usage in the making of various kinds of pasta due to its unique taste which cannot be obtained by using fresh ones.
Preserved:
Asparagus is a rich source of various nutrients such as vitamin K, vitamin C and dietary fiber. It also contains minerals such as calcium, iron and sodium which makes it an important food product for human consumption. Asparagus can be processed in many ways like boiling, blanching & peeling or cutting & pickling or preserving with salt to enhance the flavor and nutrition value of the end products.
Application Insights:
Food asparagus is widely used in various dishes and consumed as a vegetable. In U.S., it was reported that green asparagus was most commonly purchased and consumed followed by frozen spear; however, canned products are also popular among consumers of all age groups. Food processing accounted for more than half of the overall market revenue in 2017 due to high product demand from countries such as China, India, Mexico and U.S., which are majorly populated within the Asia Pacific region where people prefer to eat vegetables instead of meat every day owing to increasing health awareness among population regarding intake of vitamins & fiber-rich food items daily along with maintaining a trim figure (body fat percentage).
The other application segment includes non-food applications such as medicine or cosmetics where processed or crude oil is utilized for industrial purposes along with consumption of spears that grow above ground level including white tips on spears which can be used either raw or cooked e.g.
Regional Analysis:
Europe was the largest asparagus consuming region in 2017, accounting for a share of more than 35.0% owing to high demand from countries including Spain, Italy and France. The presence of large-scale manufacturers has fueled the regional market growth over the past few years. In addition, increasing consumer preference for packaged asparagus due to its longer shelf life is expected to further fuel demand in this region during the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6% owing to increasing consumption by individuals along with food service establishments such as hotels and restaurants on account of its health benefits such as lower cholesterol levels and protection against heart diseases which are majorly associated with saturated fat content in foods consumed traditionally.
Growth Factors:
- Increasing demand for processed asparagus from the foodservice industry as a result of its health benefits and convenience.
- Rising disposable income of consumers in developing countries, which is driving demand for processed asparagus products that are perceived to be luxurious and high-quality.
- Growing popularity of healthy eating trends, which has led to an increase in demand for nutrient-rich foods like processed asparagus.
- Proliferation of retail outlets that specialize in selling fresh produce, such as farmers' markets and grocery stores with organic sections, is helping to drive sales growth for processed asparagus products.
- Innovation by manufacturers in terms of product formulations (e..g., adding new flavors or packaging formats) and marketing campaigns (e..g., using celebrity endorsements) is helping to stimulate consumer interest in processed asparagus products
Scope Of The Report
Report Attributes
Report Details
Report Title
Processed Asparagus Market Research Report
By Type
Frozen, Preserved
By Application
Food, Others
By Companies
Altar Produce, DanPer, Beta SA, Agrizar, Limgroup, Sociedad, Walker Plants
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Processed Asparagus Market Report Segments:
The global Processed Asparagus market is segmented on the basis of:
Types
Frozen, Preserved
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Altar Produce
- DanPer
- Beta SA
- Agrizar
- Limgroup
- Sociedad
- Walker Plants
Highlights of The Processed Asparagus Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Frozen
- Preserved
- By Application:
- Food
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Processed Asparagus Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Processed asparagus is a type of vegetable that has been treated in some way before it is sold. This can include being peeled, chopped, or boiled.
Some of the major players in the processed asparagus market are Altar Produce, DanPer, Beta SA, Agrizar, Limgroup, Sociedad, Walker Plants.
The processed asparagus market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Processed Asparagus Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Processed Asparagus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Processed Asparagus Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Processed Asparagus Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Processed Asparagus Market Size & Forecast, 2018-2028
4.5.1 Processed Asparagus Market Size and Y-o-Y Growth
4.5.2 Processed Asparagus Market Absolute $ Opportunity
Chapter 5 Global Processed Asparagus Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Processed Asparagus Market Size Forecast by Type
5.2.1 Frozen
5.2.2 Preserved
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Processed Asparagus Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Processed Asparagus Market Size Forecast by Applications
6.2.1 Food
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Processed Asparagus Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Processed Asparagus Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Processed Asparagus Analysis and Forecast
9.1 Introduction
9.2 North America Processed Asparagus Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Processed Asparagus Market Size Forecast by Type
9.6.1 Frozen
9.6.2 Preserved
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Processed Asparagus Market Size Forecast by Applications
9.10.1 Food
9.10.2 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Processed Asparagus Analysis and Forecast
10.1 Introduction
10.2 Europe Processed Asparagus Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Processed Asparagus Market Size Forecast by Type
10.6.1 Frozen
10.6.2 Preserved
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Processed Asparagus Market Size Forecast by Applications
10.10.1 Food
10.10.2 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Processed Asparagus Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Processed Asparagus Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Processed Asparagus Market Size Forecast by Type
11.6.1 Frozen
11.6.2 Preserved
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Processed Asparagus Market Size Forecast by Applications
11.10.1 Food
11.10.2 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Processed Asparagus Analysis and Forecast
12.1 Introduction
12.2 Latin America Processed Asparagus Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Processed Asparagus Market Size Forecast by Type
12.6.1 Frozen
12.6.2 Preserved
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Processed Asparagus Market Size Forecast by Applications
12.10.1 Food
12.10.2 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Processed Asparagus Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Processed Asparagus Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Processed Asparagus Market Size Forecast by Type
13.6.1 Frozen
13.6.2 Preserved
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Processed Asparagus Market Size Forecast by Applications
13.10.1 Food
13.10.2 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Processed Asparagus Market: Competitive Dashboard
14.2 Global Processed Asparagus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Altar Produce
14.3.2 DanPer
14.3.3 Beta SA
14.3.4 Agrizar
14.3.5 Limgroup
14.3.6 Sociedad
14.3.7 Walker Plants
