Packaged Sprout Market Trends and Forecast
The future of the global packaged sprout market looks promising with opportunities in the convenience store, supermarket, and hypermarket markets. The global packaged sprout market is expected to reach an estimated $10.3 billion by 2030 with a CAGR of 10.0% from 2024 to 2030. The major drivers for this market are increasing consumer demand for healthy and convenient food options, growing awareness about the nutritional benefits of sprouts, and expansion of urban populations leading to a rise in ready-to-eat food consumption.
• Lucintel forecasts that bean sprout is expected to witness the highest growth over the forecast period.
• Within this market, convenience store is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States – A leading sprout producer announced plans to expand distribution channels and introduce new sprout varieties to meet increasing demand. The government aims to incentivize local farmers to cultivate sprouts, promoting domestic production and reducing imports.
India – Several food companies have launched innovative packaged sprout snacks targeting health-conscious consumers. The government has set ambitious targets to increase agricultural productivity, including initiatives to promote sprout cultivation among farmers for both domestic consumption and export.
Brazil – A major agricultural corporation unveiled investments in state-of-the-art sprout processing facilities, aiming to enhance efficiency and quality standards. Government subsidies are allocated to support small-scale farmers transitioning to sprout cultivation, aligning with national goals for sustainable agriculture and economic development.
China – In response to rising health trends, Chinese food giants are introducing ready-to-eat sprout salads in convenient packaging formats. The government has announced initiatives to improve food safety regulations and standards, fostering consumer confidence in packaged sprout products and stimulating market growth.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaged Sprout by Segment
The study includes a forecast for the global packaged sprout by type, application, and region.
Packaged Sprout Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Bean Sprouts
• Brussels Sprouts
• Alfalfa Sprouts
Packaged Sprout Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Convenience Stores
• Supermarkets
• Hypermarkets
• Others
Packaged Sprout Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaged Sprout Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaged sprout companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaged sprout companies profiled in this report include-
• Jonathan Sprouts
• Narita Foods
• SFM
• Van Der Plas Sprouts
• Fuji Natural Foods
Recent Development in the Packaged Sprout Market
Fresh Sprouts Co.: Introduced a new line of organic packaged sprouts with innovative packaging designed to extend shelf life and preserve freshness, catering to the growing demand for convenient and healthy food options.
Green Harvest Foods: Partnered with leading supermarkets to expand distribution channels for their packaged sprout products, aiming to reach a wider consumer base and increase market penetration.
NutriGrow Farms: Launched a sustainability initiative to source sprouts from local farmers using environmentally friendly farming practices, emphasizing transparency and traceability throughout the supply chain.
Sproutify Inc.: Announced plans to invest in research and development to develop novel sprout varieties with enhanced nutritional profiles and flavor profiles, positioning themselves as industry innovators in the packaged sprout market.
Features of the Global Packaged Sprout Market
Market Size Estimates: Packaged sprout market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaged sprout market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaged sprout market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the packaged sprout market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaged sprout market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the packaged sprout market size?
Answer: The global packaged sprout market is expected to reach an estimated $10.3 billion by 2030.
Q2. What is the growth forecast for packaged sprout market?
Answer: The global packaged sprout market is expected to grow with a CAGR of 10.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the packaged sprout market?
Answer: The major drivers for this market are increasing consumer demand for healthy and convenient food options, growing awareness about the nutritional benefits of sprouts and expansion of urban populations leading to a rise in ready-to-eat food consumption.
Q4. What are the major segments for packaged sprout market?
Answer: The future of the packaged sprout market looks promising with opportunities in the convenience store, supermarket, and hypermarket markets.
Q5. Who are the key packaged sprout market companies?
Answer: Some of the key packaged sprout companies are as follows:
• Jonathan Sprouts
• Narita Foods
• SFM
• Van Der Plas Sprouts
• Fuji Natural Foods
Q6. Which packaged sprout market segment will be the largest in future?
Answer: Lucintel forecasts that bean sprout is expected to witness the highest growth over the forecast period.
Q7. In packaged sprout market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaged sprout market by type (bean sprouts, brussels sprouts, and alfalfa sprouts), application (convenience stores, supermarkets, hypermarkets, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Packaged Sprout Market Market, Packaged Sprout Market Market Size, Packaged Sprout Market Market Growth, Packaged Sprout Market Market Analysis, Packaged Sprout Market Market Report, Packaged Sprout Market Market Share, Packaged Sprout Market Market Trends, Packaged Sprout Market Market Forecast, Packaged Sprout Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.