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Artichoke Extract Market Size, Share, Trends, Share Analysis, Top Players 2033
Artichoke Extract Market Size
As per the report, the artichoke extract market size has grown strongly in recent years. It will grow from $2.75 billion in 2023 to $2.89 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The artichoke extract market size is expected to see strong growth in the next few years. It will grow to $3.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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What Is Driving The Growth Of The Global Artichoke Extract Market?
Natural Ingredients Boost Artichoke Extract Market Growth
The rising preference for natural and functional ingredients is expected to propel the growth of the artichoke extract market going forward. Natural and functional ingredients refer to substances derived from natural sources that provide specific health benefits beyond basic nutrition, often used in food, supplements, and cosmetics. There is a rising preference for natural and functional ingredients due to increasing consumer awareness of health benefits, a desire for transparency in product sourcing, and concerns about synthetic additives. Artichoke extract is utilized in natural and functional ingredients for its potential health benefits, including liver support, digestive aid, and antioxidant properties, appealing to consumers seeking natural remedies for wellness and dietary supplementation.
What Is The Key Trend In The Global Artichoke Extract Market?
Innovative Formulations And Delivery Formats In The Artichoke Extract Market
Major companies operating in the artichoke extract market are focusing on shifting toward new formulations and delivery formats, such as innovative health supplements combining artichoke extract with other natural ingredients, to gain a competitive edge in the market. Health supplements combining artichoke extract with other natural ingredients are dietary products formulated to enhance health benefits through synergistic effects.
How Is The Global Artichoke Extract Market Segmented?
The artichoke extract market covered in this report is segmented -
1) By Type: Powder, Liquid
2) By Form: Fresh, Frozen, Canned
3) By Distribution Channel: Direct Sales, Indirect Sales
4) By Application: Food And Beverages, Personal Care, Dietary Supplements, Cosmetic Industry
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How Is The Competitive Landscape Of The Global Artichoke Extract Market?
Major companies operating in the artichoke extract market are Croda International Plc, iHerb LLC, Now Health Group, Enzymedica, Jarrow Formulas Inc., Nature's Way Products LLC, Gaia Herbs Inc., Bio-Botanica Inc., Nutricost, Indena S.p.A., Naturalin Bio-Resources Co., Ltd., Martin Bauer Group, Bulk Supplements, Jiaherb Inc., Nutra Green Biotechnology Co. Ltd., Hawaii Pharm LLC, Hunan Huakang Biotech Inc., Hunan NutraMax Inc., DolCas Biotech, OstroVit
Contents Of The Global Artichoke Extract Market
1. Executive Summary
2. Artichoke Extract Market Report Structure
3. Artichoke Extract Market Trends And Strategies
4. Artichoke Extract Market - Macro Economic Scenario
5. Artichoke Extract Market Size And Growth
…..
27. Artichoke Extract Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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