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Natural Ingredients Boost Artichoke Extract Market Growth: A Key Factor Shaping the Future of the Artichoke Extract Market in 2025
Artichoke Extract Market Size
The artichoke extract market is poised for expansion, fueled by growing preference for organic and beneficial components. Organic and beneficial components can be defined as substances procured from nature that offer particular health gains in addition to basic nutrition, and are typically used in edibles, supplements, and beauty products. The rising appeal for these components aligns with growing consumer knowledge about health perks, a want for product-transparency and worries about manmade additives. Artichoke extract, known for potential health advantages like liver support, digestive aid, and antioxidant properties, is leveraged in organic and beneficial ingredients, attracting individuals inclined towards natural health remedies and food supplements. For example, the Organic Trade Association (OTA), an American trade organization for the organic sector, disclosed in a June 2022 survey that organic industry earnings have crossed the $63 billion line, boasting $1.4 billion (a 2% increase) in total boost from the previous year. Furthermore, organic edibles, which constituted over 90% of organic product earnings, saw a 2% upsurge, reaching $57.5 billion. As a consequence, the burgeoning inclination towards organic and beneficial components fuels the expansion of the artichoke extract market.
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What is the projected compound annual growth rate (CAGR) of the artichoke extract market from 2025 to 2034, and what factors influence it?
The industry for artichoke extract has seen robust growth lately. The market, projected to rise from $2.89 billion in 2024 to $3.06 billion in 2025, expects a compound annual growth rate (CAGR) of 5.7%. Factors such as escalating demand for natural supplements, growing consciousness about health advantages, herbal medicine market's development, increased research on phytochemicals, and dietary inclinations towards foods rich in antioxidants have driven the growth during the historic period.
The market for artichoke extract is projected to significantly expand in the coming years, escalating to a value of $3.77 billion by 2029, progressing at a compound annual growth rate (CAGR) of 5.4%. This projected growth during the forecast period is attributable to factors such as the growth of the nutraceutical industry, the growing demand for liver health products from an aging population, the increase in the use of herbal treatments, a heightened emphasis on maintaining digestive health, and the increasing consumer inclination towards organic ingredients. Leading trends for the forecast period encompass improved extraction procedures, the use of nanoencapsulation to boost bioavailability, the utilization of biotechnology in farming, advanced farming techniques, and the evolution of sustainable packaging methods.
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How are the latest trends influencing the growth of the artichoke extract market?
Leading brands in the artichoke extract market are strategically transitioning to new formulae and delivery methods, such as distinctive health supplements that blend artichoke extract with other natural components, to ensure a larger market share. Health supplements that merge artichoke extract with other natural elements are dietetic products designed to amplify health positives through complementary effects. To illustrate, in May 2024, dietary supplements leader Enzymedica, which operates from the U.S., introduced a product - Fasting Today. Fasting Today is a novel drink mix designed to fulfill the nutritional needs of those opting for intermittent fasting. The product comprises three main elements - electrolytes, fiber, and amino acids. Fasting Today was developed by Enzymedica with the purpose of delivering crucial nutrients to those on time-strict diets without breaking their fast. This drink mix is uniquely created with baobab fiber to alleviate hunger, all-important amino acids to maintain muscle health and body structure, and a coherent mix of electrolytes to ensure hydration and optimum bodily functions, including helping with cardiac and brain health.
What are the major segments of the artichoke extract market and their role in driving growth?
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
Subsegments:
1) By Powder: Organic Artichoke Powder, Conventional Artichoke Powder
2) By Liquid: Standardized Liquid Extract, Concentrated Liquid Extract
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Which regions are key players in the growth of the artichoke extract market?
Europe was the largest region in the artichoke extract market in 2024. The regions covered in the artichoke extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the 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
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What Is Covered In The Artichoke Extract Global Market Report?
•Market Size Forecast: Examine the artichoke extract market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the artichoke extract market for a structured understanding.
•Key Players Overview: Analyze major players in the artichoke extract market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artichoke extract market.
•Segment Contributions: Evaluate how different segments drive overall growth in the artichoke extract market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artichoke extract market.
•Industry Challenges: Identify potential risks and obstacles affecting the artichoke extract market.
•Competitive Landscape: Review strategic developments in the artichoke extract market, including expansions, agreements, and new product launches.
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