Latin America Microgreens Market Size & Outlook, 2023-2030
The microgreens market in Latin America is expected to reach a projected revenue of US$ 258.4 million by 2030. A compound annual growth rate of 10.9% is expected of Latin America microgreens market from 2024 to 2030.
Revenue, 2023 (US$M)
$125.5
Forecast, 2030 (US$M)
$258.4
CAGR, 2024 - 2030
10.9%
Report Coverage
Latin America
Latin America microgreens market, 2017-2030 (US$M)
Related Markets
Latin America microgreens market highlights
- The Latin America microgreens market generated a revenue of USD 125.5 million in 2023.
- The market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, commercial greenhouse was the largest revenue generating farming type in 2023.
- Indoor Vertical Farms is the most lucrative farming type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 125.5 million |
| Market revenue in 2030 | USD 258.4 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Commercial greenhouse |
| Fastest growing segment | Indoor Vertical Farms |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Indoor Vertical Farms, Commercial Greenhouse |
| Key market players worldwide | Oracle Corp, AeroFarms, Fresh Origins Farm, Gotham Greens, Goodleaf Farms, Chef's Garden, Teshuva Agricultural Projects, Madar Farms |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.5% of the global microgreens market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,694.1 million by 2030.
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Microgreens Market Scope
Microgreens market segmentation & scope
Microgreens Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America microgreens market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microgreens market will help companies and investors design strategic landscapes.
Commercial greenhouse was the largest segment with a revenue share of 41.67% in 2023. Horizon Databook has segmented the Latin America microgreens market based on indoor vertical farms, commercial greenhouse covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Microgreens Farming Type Outlook (Revenue, USD Million, 2017-2030)
- Indoor Vertical Farms
- Commercial Greenhouse
- Others
- Latin America Microgreens Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Retail Stores
- Online
- Farmers Market
- Others
- Latin America Microgreens Produce Outlook (Revenue, USD Million, 2017-2030)
- Broccoli
- Cabbage
- Radish
- Arugula
- Basil
- Amaranth
- Celery
- Beets
- Others
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Target buyers of Latin America microgreens market databook
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Our clientele includes a mix of microgreens market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America microgreens market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America microgreens market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America microgreens market size, by country, 2017-2030 (US$M)
Latin America Microgreens Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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