ID: MRFR/F-B & N/5652-HCR | 90 Pages | Author: Snehal Singh | June 2023
Wheatgrass Products Market size is estimated to reach a valuation of USD 52.2 Billion by the end of the 2030 at a CAGR rate of 6.3%. Wheatgrass is the freshly sprouted first leaves of wheat plant Triticum aestivum and is considered one of the superfoods with various health benefits associated with it. It is an excellent source of vitamins A, C and E, as well as iron, magnesium, calcium and amino acids. Moreover, it has high level of enzymes that aid in digestion as well as weight loss. Owing to these benefits associated with wheatgrass, the demand for wheatgrass products market is expected to grow among the rising health-conscious population across the globe.
Wheatgrass products available in the market mainly include wheatgrass juice and wheatgrass powder; however, the other wheatgrass products include wheatgrass pills/capsules, and wheatgrass gel, among others. Growing awareness among the consumers for these products will uplift the growth of the market in the coming years. Moreover, growth of organised distribution channel along with inclination of various manufacturers towards e-commerce distribution channel has resulted to an ease in availability of the products in the market which is projected to contribute to the growth of wheatgrass products market during the forecast period.
Wheatgrass Products Market has been segmented based on product type, category, distribution channel, and region.
By product type, the global wheatgrass products market has been classified as wheatgrass juice, wheatgrass powder, and others.
On the basis of category, the global market has been divided into organic and conventional.
The global market has also been segregated, on the basis of distribution channel, into store based and non-store based, with the store-based segment sub-divided into supermarkets & hypermarkets, convenience stores, and others.
The global wheatgrass products industry has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico. The European wheatgrass products market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The wheatgrass products industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The wheatgrass products industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Wheatgrass products Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis
North America is expected to dominate the market for wheatgrass products during the forecast period owing to the increased health-conscious population and their inclination towards functional food & beverages. The US is a major driver for the growth of the wheatgrass products market in North America with increased demand for organic wheatgrass products. Europe is also expected to hold a significant share of the global market with growing demand for wheatgrass supplements among the consumers. Germany and the UK are the major contributors to the growth of the European wheatgrass products market. The market in Asia-Pacific is projected to register the highest CAGR during the forecast period with China and India being the largest country-level markets for wheatgrass products in the region. The rising health conscious population along with increasing awareness for wheatgrass products among the consumers is expected to drive the growth of the market.
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