North America sprouts market is likely to grow at a CAGR of 13.42% over the forecast period, i.e., 2023-2035. Market generated a revenue of around USD 1000 Million in the year 2022 and is likely to produce revenue worth of nearly USD 4200 Million by the end of 2035. The market growth is primarily driven by the rising burden of chronic diseases and awareness about the benefits of the sprouts. Consuming nutrient-dense sprouts and microgreens would be most advantageous for the 90% of American adults who don't consume enough vegetables. Additionally, sprouts are advantageous for diabetics. In people with type 2 diabetes, taking a powdered broccoli sprout supplement for eight weeks decreased insulin resistance and blood insulin levels. On the other hand, the increasing population of vegans and higher number of people inclined to plant based diets. In North America around 50% of people aims to eat more vegetables and alternates of animal foods. Moreover, about one-third of Americans were eating more vegan meals in 2022. Additionally, every restaurant that made the switch to a plant-based menu had a 10%-1000% boost in customer bookings.
A few constraints that are anticipated to restrain market expansion include the ingestion of sprouted seeds and beans carries a significant health risk, sprouts have a shorter shelf life and require particular storage conditions, and packaged sprouts include a higher concentration of bio-preservatives. Furthermore, between 2000 and 2020, there were at least 53 outbreaks connected to sprouts that caused 1,500 illnesses, 180 hospitalizations, and nearly 5 fatalities.
The North America sprouts market is segmented by type, category, availability, and distribution channel. On the basis of type, the market is further fragmented into grain sprouts, vegetable or leafy sprouts, nut and seed sprouts, legumes, and others. Legumes are expected to generate the largest revenue by the end of 2035, totaling around USD 2000 Million, owing to a considerable CAGR of near to 14% over the projected time frame. Additionally, the market brought in about USD 500 million in sales in 2022. Owing to the high nutritional content of legume sprouts, there has been an increase in both production and consumption, which is responsible for the category growth.
On the basis of region, North America sprouts market is analyzed by the markets of United States, and Canada. The market in United States collected the modest revenue in 2022. By the end of 2035, it is estimated to garner a highest revenue, by growing at the CAGR of near to 13% over the forecast period. Higher rates of chronic illness and rising interest in plant-based diets are expected to lead to this market growth in the region.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the North America sprouts market that are included in our report are Topcon Agriculture, DeLaval, Deere & Company, CropMetrics LLC, Argus Embedded Systems Pvt. Ltd., Autonomous Solutions, Inc., AgJunction LLC, AGCO Corporation, Trimble, Inc., and Ag Leader Technology.
A few constraints that are anticipated to restrain market expansion include the ingestion of sprouted seeds and beans carries a significant health risk, sprouts have a shorter shelf life and require particular storage conditions, and packaged sprouts include a higher concentration of bio-preservatives. Furthermore, between 2000 and 2020, there were at least 53 outbreaks connected to sprouts that caused 1,500 illnesses, 180 hospitalizations, and nearly 5 fatalities.
The North America sprouts market is segmented by type, category, availability, and distribution channel. On the basis of type, the market is further fragmented into grain sprouts, vegetable or leafy sprouts, nut and seed sprouts, legumes, and others. Legumes are expected to generate the largest revenue by the end of 2035, totaling around USD 2000 Million, owing to a considerable CAGR of near to 14% over the projected time frame. Additionally, the market brought in about USD 500 million in sales in 2022. Owing to the high nutritional content of legume sprouts, there has been an increase in both production and consumption, which is responsible for the category growth.
On the basis of region, North America sprouts market is analyzed by the markets of United States, and Canada. The market in United States collected the modest revenue in 2022. By the end of 2035, it is estimated to garner a highest revenue, by growing at the CAGR of near to 13% over the forecast period. Higher rates of chronic illness and rising interest in plant-based diets are expected to lead to this market growth in the region.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the North America sprouts market that are included in our report are Topcon Agriculture, DeLaval, Deere & Company, CropMetrics LLC, Argus Embedded Systems Pvt. Ltd., Autonomous Solutions, Inc., AgJunction LLC, AGCO Corporation, Trimble, Inc., and Ag Leader Technology.
Table of Contents
1. An Outline of the Sprouts Market
3. Research Methodology & Approach
5. Forces of the Market Constituents
6. Key Market Opportunities for Business Growth
21. Competitive Model: A Detailed Inside View for Investors
22. North America Sprouts Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
23. U.S. Sprouts Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
24. Canada Sprouts Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
Companies Mentioned
- Topcon Agriculture
- DeLaval
- Deere & Company
- CropMetrics LLC
- Argus Embedded Systems Pvt. Ltd.
- Autonomous Solutions Inc.
- AgJunction LLC
- AGCO Corporation
- Trimble Inc.
- Ag Leader Technology.