South Korea Microgreens Market Size & Outlook, 2023-2030
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South Korea microgreens market highlights
- The South Korea microgreens market generated a revenue of USD 104.3 million in 2023 and is expected to reach USD 243.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.8% 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.
Microgreens market data book summary
| Market revenue in 2023 | USD 104.3 million |
| Market revenue in 2030 | USD 243.1 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Commercial greenhouse |
| Fastest growing segment | Indoor Vertical Farms |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 3.7% of the global microgreens market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microgreens market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 289.6 million by 2030.
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Microgreens Market Scope
Microgreens Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Madar Farms | View profile | 11-50 | Dubai, Dubai, United Arab Emirates, Asia | https://www.madarfarms.co/ |
| Teshuva Agricultural Projects | View profile | 11-50 | Olesh, HaMerkaz, Israel, Asia | https://www.taprojects.com |
| Chef's Garden | View profile | 51-100 | Doha, Ad Dawhah, Qatar, Asia | https://www.chefsgardendoha.com |
| Goodleaf Farms | View profile | 51-100 | Guelph, Ontario, Canada, North America | https://www.goodleaffarms.com |
| Gotham Greens | View profile | 501-1000 | Brooklyn, New York, United States, North America | http://gothamgreens.com |
| Fresh Origins Farm | View profile | 101-250 | San Marcos, California, United States, North America | http://www.freshorigins.com/ |
| AeroFarms | View profile | 101-250 | Newark, New Jersey, United States, North America | http://www.aerofarms.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
South Korea 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 46.5% in 2023. Horizon Databook has segmented the South Korea microgreens market based on indoor vertical farms, commercial greenhouse covering the revenue growth of each sub-segment from 2017 to 2030.
- South Korea Microgreens Farming Type Outlook (Revenue, USD Million, 2017-2030)
- Commercial Greenhouse
- Indoor Vertical Farms
- Others
- South Korea Microgreens Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Retail Stores
- Others
- Farmers Market
- Online
- South Korea Microgreens Produce Outlook (Revenue, USD Million, 2017-2030)
- Basil
- Celery
- Broccoli
- Arugula
- Cabbage
- Beets
- Others
- Radish
- Amaranth
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea 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 country-level data and insights on the South Korea microgreens market , including forecasts for subscribers. This country databook contains high-level insights into South Korea microgreens market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea microgreens market size, by farming type, 2017-2030 (US$M)
South Korea Microgreens Market Outlook Share, 2023 & 2030 (US$M)
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