Microgreens refer to young seedlings and shoots of vegetables, herbs and grains with edible stems, seed leaves or cotyledons, and true leaves. They can be grown in small commercial facilities or homes and are harvested using small-scale equipment. They are used to grow lettuce, cauliflower, carrots, broccoli, garlic, onion, dill, quinoa, spinach, amaranth, beet, melon, spinach, and cucumber. They are a rich source of essential nutrients such as vitamins, nutrients, antioxidants, proteins, and fiber. Microgreens include various plant families and are available in numerous textures and colors. The roots and seeds of microgreens are not used for consumption, unlike vegetable sprouts. In recent years, microgreens have gained traction due to their ability to prevent chronic medical ailments, improve immunity, control weight, and promote well-being.
One of the primary factors driving the market is the growing trend of innovative vertical and indoor farming practices. Additionally, there has been a rising adoption of environment-friendly aeroponics, hydroponics, and aquaponics practices as they enhance the quality and yield of value-rich crops and reduce the use of additional resources such as water, space, energy, and nutrients. Along with this, the increasing expenditure on premium food products, and nutritional and healthy functional food, and the implementation of various government policies to promote sustainable agricultural practices is catalyzing the market growth. Besides this, the expanding personal care and cosmetics industry is escalating the product demand as microgreens-based oils and ingredients are used in cosmetics and personal care products, such as shampoos and skincare items. In line with this, with the onset of the coronavirus disease (COVID-19) pandemic, individuals prefer microgreens as they are a sustainable alternative. They also aid in protecting the organs due to their antioxidant properties, developing a first-line defense system, and strengthening the immune system. Furthermore, the widespread adoption of microgreens as flavor enhancements and colorful garnishes in different cuisines is driving the market growth. Apart from this, the rising health consciousness among the masses is boosting the demand for microgreens as they reduce the risk of developing cardiovascular diseases, cancer, diabetes, hypertension, and blood pressure.
The report provides a techno-commercial roadmap for setting up an microgreens manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the microgreens industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the microgreens industry.
The project report covers the following aspects of the microgreens market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global Microgreens Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Breakup by Segment
4.4 Market Breakup by Region
4.5 Price Trends
4.5.1 Raw Material Price Trends
4.5.2 Microgreens Price Trends
4.5.3 Product Margins
4.6 Market Forecast
5 Microgreens Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: Microgreens Market: Major Drivers and Challenges
Figure 2: Global: Microgreens Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Microgreens Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Microgreens Market: Breakup by Segment (in %), 2022
Figure 5: Global: Microgreens Market: Breakup by Region (in %), 2022
Figure 6: Microgreens Raw Materials: Price Trends, 2017 & 2022
Figure 7: Microgreens: Price Trends, 2017 & 2022
Figure 8: Microgreens: Margins Across Various Stages of the Supply Chain
Figure 9: Microgreens Manufacturing Plant: Breakup of Operational Costs
Figure 10: Microgreens Price Structure
Figure 11: Microgreens: Manufacturing Process Flow
Figure 12: Microgreens: Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: Microgreens Manufacturing Plant Layout
List of Tables
Table 1: Microgreens Manufacturing Plant: Raw Material Requirements
Table 2: Microgreens Manufacturing Plant: Project Planning
Table 3: Microgreens Manufacturing Plant: Phasing of Development
Table 4: Microgreens Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: Microgreens Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: Microgreens Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Microgreens Manufacturing Plant: Costs Related to Machinery
Table 8: Microgreens Manufacturing Plant: List of Machinery Suppliers
Table 9: Microgreens Manufacturing Plant: Costs Related to Raw Materials
Table 10: Microgreens Manufacturing Plant: List of Raw Material Suppliers
Table 11: Microgreens Manufacturing Plant: Costs Related to Packaging
Table 12: Microgreens Manufacturing Plant: Costs Related to Utilities
Table 13: Microgreens Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: Microgreens Manufacturing Plant: Capital Costs
Table 15: Microgreens Manufacturing Plant: Operating Costs
Table 16: Microgreens Manufacturing Plant: Taxation
Table 17: Microgreens Manufacturing Plant: Depreciation
Table 18: Microgreens Manufacturing Plant: Income Projections
Table 19: Microgreens Manufacturing Plant: Expenditure Projections
Table 20: Microgreens Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: Microgreens Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: Microgreens Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: Microgreens Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: Microgreens Manufacturing Plant: Profit and Loss Account
Table 25: Microgreens Manufacturing Plant: Discount Factor Rate
Table 26: Microgreens Manufacturing Plant: Sensitivity Analysis
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