Rockville, Sept. 11, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global Packaged Sprouts Market is valued at US$ 5.63 billion in 2023 and is forecasted to expand rapidly at a CAGR of 10.4% from 2023 to 2033.
Increasing awareness of health and wellness among the population is driving the demand for highly nutritious food products, including packaged sprouts. Sprouts are germinated seeds or legumes with high levels of vitamins, minerals, and enzymes. This versatility is making them a popular choice among health-conscious consumers. Sprouts are widely popular options when consumed with a combination of salads, sandwiches, and wraps.
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| Report Attributes | Details |
| Forecast Period | 2023 – 2033 |
| Value Projection (2031) | US$ 15.14 Billion |
| Growth Rate (2022-2031) | 10.4 % CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
Rapid urbanization and the growing busy lifestyles of working individuals are increasing the consumption of ready-to-eat products. Packaged sprouts are aligning with this trend and are providing individuals with a high protein on-the-go diet. Ready-to-eat sprouts with resealable packaging are gaining traction among the majority of individuals.
Rising trend of fitness along with veganism and plant-based diet is boosting demand for packaged food, including sprouts. Key packaged sprout manufacturers are focusing on introducing innovative varieties, including mixed sprout blends and flavoured sprouts. This is expected to attract a wider consumer base over the coming years. Advancements in packaging technologies are increasing the quality and life of sprouts, and reducing green waste.
Key Takeaways from Market Study
- The global packaged sprouts market is estimated to reach US$ 15.14 billion by 2033-end.
- Sales of packaged bean sprouts are forecasted to rise at a CAGR of 11.5% from 2023 to 2033.
- Demand for packaged sprouts in China is projected to increase at a CAGR of 14.5% during the decade.
- The United States market reached a size of US$ 1.4 billion in 2022.
- The market for packaged sprouts in Germany is projected to expand at a CAGR of 8% through 2033.
“Growing trend of sustainability in food production and packaging is driving the demand for chemical-free organic sprouts,” says a Fact.MR analyst.
Key Segments of Packaged Sprouts Industry Research Report
| By Distribution Channel | By Type | By Category |
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Competitive Analysis
Leading producers of packaged sprouts are concentrating on new product offerings such as sprout-based snacks, beverages, or value-added products to tap into a broader consumer base. Partnerships with restaurants, salad bars, and other foodservice providers are increasing the profits of packaged sprout suppliers.
- Evergreen Fresh Sprouts key producer of packaged sprouts majorly focuses on the organic production of sprouts. They are also expanding their product line by offering microgreens.
Leading players in the packaged sprouts sector are prioritizing advancements in food production and packaging to cater to eco-conscious consumers and reduce environmental waste. Collaborative efforts and partnerships are expanding their market presence and revenue shares.
- One prominent player, Green Valley Food Corp, headquartered in Dallas, Texas, holds a prominent position in the sprouts industry. The company offers an extensive range of packaged sprout products, encompassing alfalfa sprouts, broccoli sprouts, and bean sprouts. Furthermore, Green Valley Food Corp is committed to producing organic and non-GMO sprout varieties in response to the increasing demand for healthier food choices.
Key Companies Profiled
- Fuji Natural Foods
- Jonathan Sprouts, Inc.
- Narita Foods Co., Ltd.
- Sprouts Farmers Market
- Van der Plas Sprouts BV
- Ocean Mist Farms
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global packaged sprouts market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on type (bean sprouts, Brussels sprouts, alfalfa sprouts), category (organic, conventional), and distribution channel (supermarkets/hypermarkets, convenience stores, specialty stores, online), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Checkout More Related Studies Published by Fact.MR Research:
Packaged Fresh Fruits Market: The global packaged fresh fruits market is valued at US$ 13 billion in 2023 and is projected to reach US$ 22.64 billion by 2033. Worldwide sales of packaged fresh fruits are projected to rise at a CAGR of 5.7% through 2033.
Packaged Muesli Products Market: The global packaged muesli products market is anticipated to advance at a CAGR of 4.6%. As such, worldwide sales of packaged muesli are estimated to reach a valuation of US$ 29.5 billion by 2033, up from US$ 18.3 billion in 2023.
Packaged Zhug Market: The global packaged zhug market reached a size of US$ 52.6 million in 2022. According to Fact.MR’s latest research report, worldwide demand for packaged zhug is estimated at a market value of US$ 54.97 million in 2023 and is projected to expand at a CAGR of 4.5% to reach US$ 85.37 million by the end of 2033.
About Us:
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