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Apr 15, 2024
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Artichokes Market size reached USD 2.71 Bn in 2022 and is expected to reach USD 3.38 Bn by 2029, growing at a CAGR of 3.2 % during the forecast period.
Artichokes Market Report Overview
The study analyses the existing and future circumstances in the Artichokes Market, providing unique insights and up-to-date information across key segments. Within the context of the Artichokes market, the report addresses critical research areas such as revenue generation, sales, and overall income. In order to provide a comprehensive overview, the research includes two separate scenarios that cover the full Artichokes market, including expected Artichokes sales during the projection period.
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Artichokes Market Report Scope and Research Methodology:
The primary purpose of the Artichokes market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Artichokes market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Artichokes market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Artichokes market entrants. Furthermore, the global research for the Artichokes market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.
Market Dynamics:
The increased awareness of the medicinal qualities of artichokes drives the Artichoke Market Growth.
Many pharmaceutical companies are conducting clinical trials to employ artichoke extracts to treat metabolic syndrome and hypertension, which could give chances for the product in the pharmaceutical industry and help the artichoke market grow.Artichoke is an effective anti-inflammatory medication used to treat skin diseases, aberrant adrenal cortex function, gastrointestinal disease, haematology, respiratory, liver, eye, nervous, rheumatism, arthritis, and tendinitis.
Artichokes Market Segmentation:
by Form
1.Fresh
2.Frozen
3.Canned
According to the Form, the fresh Artichokes segment had the highest revenue share of 32% in 2022 and is predicted to expand in future years. This variety of artichoke is the most traditional and popular around the world. Fresh artichokes are sold entire, with leaves and stems intact, and are usually available during the peak growing season, which runs from March to May. As more people become health-conscious and seek out fresh, nutrient-dense products, the demand for fresh artichokes is likely to rise throughout the forecast period.
by End-use
1.Food & Beverages
2.Pharmaceuticals
3.Personal Care & Cosmetic
The Food & Beverages segment is predicted to grow over the forecast period, according to end-use. The food and beverage industry is a major end user of artichokes. Artichokes are used in a number of meals, including salads, dips, pastas, and pizzas, as well as to flavour sauces and seasonings. Artichoke extract is also employed as a nutritional supplement in the food and beverage industries. Thus, the increased use of artichokes in various culinary industries is likely to drive up demand in the culinary & Beverage sector.
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Artichokes Market Regional Insights:
The Europe Artichokes market is expected to grow at a CAGR of 15.6 % during the forecast period. Italy, Spain, and France are the major artichoke producers in Europe, accounting for a significant portion of the market demand. Italy is one of the largest producers and consumers of artichokes in the world, with the region of Puglia alone accounting for over half of Italy's artichoke production. The increasing awareness of the health benefits of artichokes such as their high fiber content and antioxidants is also driving the Artichokes market demand in Europe. In addition, the use of artichoke extract as a dietary supplement in the food and beverage industry is further boosting the demand for artichokes. They are used in a variety of traditional dishes, such as Italian artichoke risotto, Spanish artichoke and ham stew, and French artichoke and mushroom tart.
Artichokes Market Key Players:
1.Ocean Mist Farms (U.S)
2. Marianito Produce (U.S)
3.Green Globe Produce Inc. (U.S)
4.Gold Coast Packing Inc. (U.S)
5.D'Arrigo Bros. Co. (U.S)
6.Tanimura & Antle Inc. (U.S)
7.Valpredo Enterprises (U.S)
8.Castellini Company LLC - (U.S)
9.Agroittica Lombarda (Italy)
10.Groupe Soufflet (France)
11. Trapani Artichokes (Italy)
12.W. Noordam & Zonen BV (Netherlands)
13.Chudleigh Farms (UK)
14. La Palmeraie (France)
15.Fontanara (Italy)
16.VoloAgri Group Inc. (Netherlands)
17.Mastronardi Produce Europe (Netherlands)
18.Anklam Extrakt GmbH (Anklam, Germany)
19.Agro T18 Italia Srl (Piedmont, Italy)
20. Gaia Herbs Inc. (Carolina, U.S.)
21.Master Fruit Srl (Sicily, Italy)
22. Herrawi Group (Alexandria, Egypt)
23.Ole! (Alicante, Spain)
24.King Herbs Ltd. (Hunan, China)
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Table of Content: Artichokes Market
Part 01: Executive Summary
Part 02: Scope of the Artichokes Market Report
Part 03: Artichokes Market Landscape
Part 04: Artichokes Market Sizing
Part 05: Artichokes Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Offerings:
Past Market Size and Competitive Landscape (2023-2029)
Past Pricing and price curve by region (2023-2029)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments and their sub-segments
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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