Asia Pacific Edible Asparagus Market Size Set to Expand at a Steady CAGR of 5.17% During 2023-2029

Published | 12 December 2023

Asia Pacific Edible Asparagus Market is gaining traction because of a spurring demand for healthy foods driven by growing awareness about health and well being.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia Pacific Edible Asparagus Market size at USD 98.87 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Asia Pacific Edible Asparagus Market size to grow at a CAGR of 5.77% reaching a value of USD 133.81 million by 2029. Growing number of health consciousness consumer and the availability of edible asparagus in convenient forms, including frozen and canned packaging, are key growth factors for the Asia Pacific edible asparagus market. Moreover, a notable shift in customer preferences toward organic produce—which does not employ any artificial additives—is anticipated to propel the Asia Pacific edible asparagus market growth during the period in analysis.

Opportunity - Expanding into New Markets in Southeast Asia

Due to its non-native origins in Southeast Asia's cuisine and yield, asparagus was in low demand due to its availability in local markets. Major players in the Asia Pacific Edible Asparagus Market now have profitable growth prospects to tap into untapped markets, like India, to increase the potential of their businesses. In recent years, there has been a notable increase in the import of a variety of exotic commodities, including asparagus, kiwi, and hazelnuts. Demand for asparagus is expected to rise throughout the projection period due to rising income levels and increased accessibility to these goods in local supermarkets/hypermarkets and online grocery shops.

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Asia Pacific Edible Asparagus Market – By Application

Based on application, the Asia Pacific Edible Asparagus Market is segmented into food and others. The food segment accounts for a higher market share owing to the prevalent health benefits of asparagus consumption and rising health consciousness among consumers. Asparagus is rich in antioxidants and folic acid and contains vitamins E and K. It is also recommended to people to achieve improved digestive health and reduce the risk of disease, which is emerging as a major driving factor for the rising consumption of asparagus as a staple vegetable in the Asia Pacific.

Competitive Landscape

Major players operating in the Asia Pacific Edible Asparagus Market include Aozora Asparagus, Beidahuang Asparagus Group, China Asparagus Corporation, Dezhou Asparagus Group, Fengxian Asparagus, Guangdong Asparagus Co, Ltd, Heilongjiang Asparagus Group, Jiangsu Asparagus Group, Shandong Asparagus Group, and Xinjiang Asparagus Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Asia Pacific Edible Asparagus Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Asia Pacific Edible Asparagus Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia Pacific Edible Asparagus Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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