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Asparagus Market Size To Reach $39.65 Billion By 2030

Asparagus Market To Reach $39.65 Billion By 2030 | CAGR 4.8%

June 2025 | Report Format: Electronic (PDF)

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 2025 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.

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Asparagus Market Report Highlights

Based on region, The North America asparagus market dominated the global market with the largest revenue share of 35.4% in 2024. North America has a growing emphasis on healthy eating and wellness.
The green asparagus segment led the asparagus market with the largest revenue share in 2024. Green asparagus is known for its versatility in cooking and ability to complement a wide range of dishes.
The fresh asparagus segment dominated the asparagus market, accounting for the largest revenue share of 65.6% in 2024. Fresh asparagus is widely appreciated for its versatility in cooking.