Fennel Microgreens Market Size (2023-2030)

The Global Fennel Microgreens Market is estimated to be worth USD 316.58 Million in 2023 and is anticipated to reach a value of USD 416.60 Million by 2030, growing at a fast CAGR of 4% during the forecast period 2024-2030.

Fennel microgreens are tender seedlings of the fennel plant and are harvested at a very early stage of growth. At this stage, the fennel microgreens have their first set of seeds. These microgreens have a delicate and mild flavour that is less intense compared to a matured fennel plant. Moreover, they contain dietary fibres and low calories that make them popular food ingredients among consumers. Furthermore, they are grown in a shallow tray with a growing agent such as potting soil or coconut coir. The seeds need regular watering and medium moisture for them to grow. Further, they are increasingly demanded by restaurants, hotels, and food stores for garnishing and sprinkling purposes, and as an ingredient in most dishes. These are rich in nutrients such as vitamin A and vitamin C, potassium, and calcium, making them popular among health-conscious individuals.

Global Fennel Microgreens Market Drivers:

Increasing consumer demand for nutritional food drives the market for fennel microgreens.

Due to growing health awareness among consumers, there has been an increase in demand for fennel microgreens as it is rich in nutrients such as vitamins, potassium, calcium, and others. Further, due to harvesting the fennel at an early stage, the nutrient content in it is concentrated, making it a popular ingredient choice by chefs. Further, they are beneficial in improving health such as vision health, reducing clotting of blood, reducing oxidative stress, and improving bone health. Additionally, fennel microgreens help in maintaining metabolism and enzyme function. Moreover, the presence of flavonoids and phenolic compounds in fennel microgreens offer anti-inflammatory and anti-cancer properties to consumers, making it a valuable and healthy addition to the diet.

The emergence of new culinary trends to boost the market for fennel microgreens.

Fennel microgreens have gained popularity among chefs due to their mild taste and unique flavour that can visually appeal to any cuisine. Further, they have a liquorice-like flavour that adds flavour to any dish. Apart from the taste, these microgreens are used for garnishing and sprinkling purposes in salads, sandwiches, fries, pizzas, and other food, making them visually appealing to consumers. However, it is also used as an ingredient in many foods such as seafood, curries, and others. Recent trends in organic and vegan food, have given rise to the use of fennel microgreens in desserts such as ice creams, allowing chefs to experiment with the taste and flavour of food. Furthermore, new flavour demands by consumers have induced chefs to combine fennel microgreens with fruits and other ingredients such as combining fennel microgreens with oranges, grapefruits, and others to give a tangy taste to the food. Further, it is also used in herb-based sauces that provide a unique taste, aroma, and freshness to consumers.

Global Fennel Microgreens Market Challenges:

The perishability of fennel microgreens is a major challenge for its market growth. Microgreens, are subject to short shelf life compared to vegetables and herbs and can spoil quickly if not stored or handled properly. Further, maintaining their freshness, quality, and aroma during transportation and storage activities can be a challenge for its market demand.

Furthermore, extreme weather conditions can affect the growth of fennel microgreens and hence can create disruptions in the supply chain process, which can further decline the market growth for fennel microgreens.

Global Fennel Microgreens Market Opportunities:

The Global Fennel Microgreens Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, product launches and agreements during the forecasted period. Furthermore, owing to the increase in demand for organic food and changing consumer preferences towards herb-based food are predicted to develop the market for Fennel Microgreens and enhance its future growth opportunities.

COVID-19 Impact on Global Fennel Microgreens Market:

The pandemic had a mixed impact on the demand for fennel microgreens. On one hand, due to supply chain disruptions, there was a shortage of fresh produce that led to declining demand for fennel microgreens in the market. On the contrary, growing health awareness during the pandemic shifted consumer preferences towards herbs-based food, which increased the demand for fennel microgreens in the market. Further, as people spent most of their time at home, home gardening increased which induced people to grow fennel microgreens at home. Moreover, there was an increase in cooking activities at home, which increased the need for these microgreens in curries and healthy salads.

FENNEL MICROGREENS MARKET REPORT COVERAGE:

Global Fennel Microgreens Market Segmentation:

Global Fennel Microgreens Market Segmentation: By Fennel Type

• Common Fennel
• Bronze Fennel
• Florence Fennel

Based on market segmentation by fennel type, common fennel occupies the highest share in the market. These are widely grown fennel that has a delicate taste and flavour. It is increasingly used for culinary purposes in various dishes to add flavour and aroma such as in salads, sandwiches, wraps, grain bowls, soups, stews, and seafood dishes. Furthermore, their versatility makes them a popular ingredient choice by chefs.

Florence fennel occupies a significant market share owing to its mild flavour and aroma. It is mostly used in salads to add a subtle taste and is also used for garnishing purposes in seafood and roasted vegetables.

Bronze Fennel holds a sizeable market share due to their attractive bronze colour that adds gives a visual appeal to various dishes such as wraps, sandwiches, and others. Furthermore, this type of fennel is particularly used for presentation and dressing purposes owing to its vibrant colour and texture.

Global Fennel Microgreens Market Segmentation: By Industry

• Hospitality & Restaurants
• Agriculture
• Health & Wellness
• Beauty & Skincare
• Others

Based on market segmentation by industry, the hospitality and restaurant segment occupies the highest share in the market owing to their use for enhancing the taste and flavour of various cuisines. Further, they are also used for garnishing and dressing purposes in food such as soups, desserts, seafood, salads, and others.

The beauty & skincare industry occupies a significant market share. Due to their attractive aroma, fennel microgreens are often used as an aromatic extract in cosmetics. They contain a natural essential oil that helps nourish and moisturises the skin. Further, they are often used in perfumes, body lotions & soaps, and bathing products.

The health & wellness segment occupies a sizeable market share owing to the nutritional benefits of fennel microgreens. As they are rich in nutrients and antioxidants, they are used in diet juices, smoothies, shakes, and wellness bowls, which makes them a valuable and healthy addition to the diet.

Global Fennel Microgreens Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Due to the increasing focus on sustainable and local ingredient sourcing and rising culinary diversity, the demand for fennel microgreens has increased in the region. Fennel microgreens have gained popularity due to increasing trends in organic and sustainable farming that helps to reduce the carbon footprint and provide a higher yield to farmers. Further, emphasizing locally grown products reduces transportation and storage costs. Furthermore, due to the amalgamation of various food cultures in the region, there is an increase in cultural diversity in the region that merges cuisines such as Mediterranean food, Middle East food, Asian food, and others. Further, fennel is an important ingredient in these cultures that induces chefs to experiment with food and incorporate these cultural flavours into it.

Asia Pacific is the fastest-growing region during the forecast period. Due to the increase in sustainable farming practices and traditional food culture, the demand for fennel microgreens has increased in the region. The region is naturally gifted by favourable agricultural spots making the cultivation of fennel microgreens much easier for farmers. Further, innovations in fennel microgreen farming such as cultivating it at small outdoor places, or adopting indoor farming methods have boosted the market for fennel microgreens. However, the traditional food culture of some countries such as China, India, Japan, and Thailand has further increased the use of fennel microgreens in food owing to its nutritional benefits.

Global Fennel Microgreens Market Key Players:

1. Farmbox Greens
2. Chef’s Garden
3. Living Earth Farms
4. AeroFarms
5. Trueleaf Market
6. Suba Seeds Co
7. Kitazawa Seed Co.
8. NE Seed