Artichokes Market Flourishes with Growing Awareness of Health Benefits 2024-2030

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Apr 2, 2024 - 11:11

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Artichokes Market Flourishes with Growing Awareness of Health Benefits 2024-2030

Artichokes Market Overview:

The Global Artichokes Market, which reached USD 2.71 billion in 2022, is expected to grow to USD 3.38 billion by 2029, with a CAGR of 3.2% during the forecast period. Artichokes, known for their edibility and potential health benefits, are cultivated primarily in the Mediterranean region. They offer antimicrobial, antifungal, antibacterial, antioxidant, and anticancer properties, contributing to their popularity in both culinary and medicinal applications.

Market Drivers:

Health Benefits: Artichokes contain chemicals that aid in reducing nausea, vomiting, spasms, and gas. Artichoke leaf extract is known to improve cholesterol levels, digestion, and liver health, driving their consumption for health-conscious individuals.
Cultivation and Production: Top artichoke-producing countries like Italy, Egypt, and Spain account for over 50% of global production, meeting the growing demand for healthy and natural foods, particularly in the Mediterranean cuisine.

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Market Dynamics:

Medicinal Properties: Artichoke extracts are undergoing clinical trials for treating metabolic syndrome and hypertension, expanding opportunities in the pharmaceutical sector. The anti-inflammatory and antioxidant properties of artichokes also contribute to their demand in medicinal applications.
Functional Properties of Jerusalem Artichokes: The nutritional value and prebiotic effects of Jerusalem artichokes drive their popularity as functional foods, catering to the demand for natural and organic food products.
Market Challenges:

Limited Geographic Distribution:

Artichokes are primarily grown in specific regions with distinct growing conditions, leading to limited availability and higher prices in other regions. Seasonality further hampers consistent supply and demand throughout the year.

Artichokes Market Scope and Research Methodology

The purpose of this report is to evaluate and forecast the size of the Artichokes market. It provides strategic profiles of key market participants, providing a clear picture of the competitive landscape in the worldwide Artichokes market. This covers a thorough examination of current developments such as new product introductions, acquisitions, mergers, joint ventures, brand activities, and important players in the Artichokes sector. The research provides insights into industry trends, dynamics, and potentials, helping professionals stay up to date on the current trends and sector performance. This information helps project increase and fall in Artichokes market share during the predicted period.

A thorough grasp of the Artichokes industry was gained through a combination of primary and secondary research techniques. To achieve reliable results, a variety of approaches were used, including PESTLE, PORTER, and SWOT analysis. SWOT analysis was used to identify the strengths, weaknesses, opportunities, and problems for important companies in the Artichokes industry. Furthermore, the application of PORTER and PESTLE analysis enabled an understanding of the microeconomic and macroeconomic aspects driving the Artichokes industry.

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 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)

Artichokes Market Regional Analysis:

The report is segmented into several key countries, with market size, growth rate, import and export of Artichokes market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

Key Questions Addressed in This Report:

How has the Artichokes market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Artichokes market?
What is the regional breakup of the global Artichokes market?
What are the price trends of various feedstocks in the Artichokes industry?
What is the structure of the Artichokes industry and who are the key players?
What are the various unit operations involved in a Artichokes processing plant?
What is the total size of land required for setting up a Artichokes processing plant?
What is the layout of a Artichokes processing plant?
What are the machinery requirements for setting up a Artichokes processing plant?
What are the raw material requirements for setting up a Artichokes processing plant?
What are the packaging requirements for setting up a Artichokes processing plant?
What are the transportation requirements for setting up a Artichokes processing plant?
What are the utility requirements for setting up a Artichokes processing plant?
What are the human resource requirements for setting up a Artichokes processing plant?
What are the infrastructure costs for setting up a Artichokes processing plant?
What are the capital costs for setting up a Artichokes processing plant?
What are the operating costs for setting up a Artichokes processing plant?
What should be the pricing mechanism of the final product?
What will be the income and expenditures for a Artichokes processing plant?
What is the time required to break even?
What are the profit projections for setting up a Artichokes processing plant?
What are the key success and risk factors in the Artichokes industry?
What are the key regulatory procedures and requirements for setting up a Artichokes processing plant?
What are the key certifications required for setting up a Artichokes processing plant?

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Key Offerings:

A detailed Analysis of the Market Overview
Market Share, Size & Forecast by Revenue | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

About Maximize Market Research:

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