Press release
Artichokes Market : Moving Towards a Glaring Growth Rate And Challenges 2027
The global artichoke market accounted for US$ 3,048.1 Mn in 2018 and is expected to grow at a CAGR of 4.4% during the forecast period 2019 - 2027, to account for US$ 4,464.1 Mn by 2027.The Europe region held the largest market share in the global artichoke market. The production and consumption rate of artichokes is expanding rapidly, with Italy and Spain being the significant markets for the artichoke industry. The European artichoke market is primarily being driven by the growing demands for convenience food products. These countries are witnessing an upsurge in the middle-class and upper-middle-class population as well as growth in the food & beverage industry, which provides ample opportunities for the key artichoke market players. With increasing health consciousness among the consumers, the demand for artichoke in the region is expected to continue to grow over the projected period.
The key players profiled in this study include:
• Caprichos del Paladar
• Agro T18 Italia Srl.
• Gaia Herbs
• MASTER FRUIT SRL
• Sa Marigosa Società Consortile a r.l.
• Ocean Mist
• Ole
• Herrawi Group
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Artichokes are known for their medicinal properties. Though they are originated in the Mediterranean countries, health benefits associated with it have increased its demand globally in recent years. Seasonal availability, concentrated production coupled with low awareness regarding its benefits, has confined the use of artichokes in end-user industries. However, due to its high nutritional profile, the researcher is interested in discovering its antioxidant, choleretic, hepatoprotective, bile-enhancing, and lipid-lowering effects. Till now, the number of clinical and experimental trials have been performed, and positive results have been stated by researchers.
The growing demand of artichokes from the beverages industry is expected to boost the demand for artichoke.
Artichokes are loaded with a number of essential nutrients such as vitamins, minerals, and dietary fiber that helps to cure several diseases and also boost the immune system of the human body.
Applications Insights
The global artichoke market by the applications has been segmented into liqueur, food, pharmaceutical, and others. Fresh or jarred artichokes are used in various cuisines, especially in salads and kinds of pasta. They are also used in dips, tarts, and as toppings in pizza or other food.
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GLOBAL ARTICHOKE MARKET SEGMENTATION
By Origin
• Organic
• Conventional
By Product Type
• Globe Artichokes
o Baby Anzio
o Big Heart
o Green Globe
o Others
• Elongated Artichokes
o Siena
o Others
By Application
• Liqueur
• Food
• Pharmaceutical
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Turkey
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Middle East and Africa (MEA)
o Egypt
o Morocco
o Iran
o Rest of MEA
• South America
o Brazil
o Argentina
o Peru
o Rest of South America (SAM)
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Asia-Pacific: +91 20 6727 8686
Email: sales@theinsightpartners.com
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