Asparagus Market Size To Reach $39.65 Billion By 2030

Asparagus Market Growth & Trends

The global asparagus market size is estimated to reach USD 39.65 billion in 2030 and is anticipated to grow at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has experienced steady growth in recent years, driven by increasing consumer demand for healthy and nutritious foods. Asparagus, known for its rich content of vitamins, minerals, and antioxidants, has become a popular choice among health-conscious individuals. The market is expected to continue expanding in the coming years, fueled by factors such as rising demand from the food and beverage industry, heightened awareness of asparagus’s health benefits, and growing adoption in developing countries.

A key driver of this growth is the rising demand from the food and beverage sector. Asparagus’s versatility makes it a valuable ingredient in a wide range of dishes, including salads, appetizers, main courses, and side dishes. Its inclusion in canned and frozen food products, which offer convenience and extended shelf life, further boosts its popularity. With the increasing preference for convenient and healthy food options, the demand for asparagus is anticipated to rise.

The vegetable’s appeal is also linked to its low-calorie content and nutrient-rich profile, aligning with the broader trend towards healthier eating. Major producers such as China, Peru, and Mexico play a significant role in satisfying high demand, particularly in the United States and various European countries. Asparagus trade is crucial for meeting consumer needs during the off-season.

Additionally, there is a growing interest in organic asparagus driven by eco-conscious consumers. Sustainable farming practices and organic certifications are becoming increasingly important as consumers seek products that align with their environmental values.

 Request a free sample copy or view report summary: Asparagus Market Report

Asparagus Market Report Highlights

• Based on region, Asia Pacific is expected to grow with a CAGR of 5.7% over the forecast period from 2024 to 2030.The Asia Pacific region is seeing a rising awareness towards the health benefits associated with consuming nutrient-rich vegetables such as asparagus. Asparagus is known for its high levels of vitamins, minerals, and antioxidants, which appeal to health-conscious consumers looking to enhance their diets. The increasing focus on health and wellness, particularly in urban areas, has led to a higher demand for nutritious vegetables such as asparagus.

• Based on variety, white asparagus are expected to growth with a CAGR of 5.5% from 2024 to 2030. White asparagus offers a distinct flavor and tender texture that sets it apart from other varieties. Its milder taste and softer consistency make it a sought-after ingredient for upscale recipes and fine dining. This unique profile appeals to consumers and chefs who are looking for specialty vegetables to enhance their dishes, driving up demand for white asparagus in both home kitchens and restaurants.

• Based on product, canned asparagus are expected to grow at a CAGR of 5.4% from 2024 to 2030. Canned asparagus is versatile and can be used in a variety of recipes, such as soups, casseroles, salads, and side dishes. Its ready-to-eat nature allows it to be incorporated into meals with minimal effort, catering to home cooks and those who enjoy experimenting with different recipes. This versatility has helped increase its popularity among consumers looking to diversify their meals with different vegetables.

Asparagus Market Segmentation

Grand View Research has segmented the asparagus market on the basis of product, variety, and region:

Asparagus Product Outlook (Revenue, USD Million, 2018 - 2030)

• Fresh Asparagus

• Canned Asparagus

• Frozen Asparagus

Asparagus Variety Outlook (Revenue, USD Million, 2018 - 2030)

• Green Asparagus

• White Asparagus

• Purple Asparagus

• Others

Asparagus Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Asparagus Market

• Altar Produce 

• Walker Plants

• Limgroup B.V.

• Jersey Asparagus Farms

• Greek Asparagus Company

• Cutter Asparagus Seed

• Thiermann GmbH & Co KG

• Planta Trujillo - Danper Trujillo S.A.C.

• California Asparagus Seed

• Transplants Inc.

• Südwestdeutsche Saatzucht