Artichokes Market Forecasts to 2028 – Global Analysis By Category (Conventional, Organic), Application (Beverages Processing, Direct Consumption, Food Processing, Pharmaceutical Industry) and By Geography
According to Stratistics MRC, the Global Artichokes Market is accounted for $1,019.05 million in 2020 and is expected to reach $2,417.00 million by 2028 growing at a CAGR of 11.4% during the forecast period. Growing demand from end user industries and increasing focus on health and novelty food consumption among the people are the factors driving the market growth. However, the seasonal availability and concentrated production of artichokes is hampering the growth of the market.
Artichoke plant is a type of thorn, enduring blooms, and individual from the sunflower family. Artichokes are widely used in food application especially in salads and pastas. They are also used in dips, tarts and as toppings in pizza or other food.
Based on the application, the food processing segment is going to have lucrative growth during the forecast period due to the growing consumer inclination towards healthy food. By geography, Europe is going to have high growth during the forecast period due to the consumer’s awareness towards the uses and benefits of artichokes, and consumption of nutritional and organic food products.
Some of the key players profiled in the Artichokes Market include Agro T18 Italia Srl, Al Jawhara Group, Campo de Lorca, Caprichos del Paladar, Gaia Herbs, General Mills, Herrawi Group, Hijos De JoaquÃn RodrÃguez SL, Master Fruit Srl, Ocean Mist, Ole, Societa Semplice Agricola F.lli Piras, and The Sa Marigosa Op.
Estimated Market Size in 2020:
USD 1,019.05 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2,417.00 million
Tables, Graphs & Figures
Category, Product, Application, End User, Sales Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Elongated Artichokes
• Globe Artichokes
• Beverages Processing
• Direct Consumption
• Food Processing
• Pharmaceutical Industry
End Users Covered:
• Dietary Supplements
• Herbal Tea
• Medical Research
• Personal Care
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2054 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Artichokes Market is majorly driven by growing demand from end user industries and increasing focus on health and novelty food consumption among the people.
The organic segment is growing at a highest CAGR owing to the growing consumer inclination towards natural and healthy food consumption.
Europe dominated with a significant market share due to the factors such as growing consumer awareness regarding the benefits of artichokes and increasing investments by various manufacturers.
North America market is growing at a highest CAGR owing to the growing food industry in the region.
Key players in Artichokes Market include Agro T18 Italia Srl, Al Jawhara Group, Campo de Lorca, Caprichos del Paladar, Gaia Herbs, General Mills, Herrawi Group, Hijos De JoaquÃn RodrÃguez SL, Master Fruit Srl, Ocean Mist, Ole, Societa Semplice Agricola F.lli Piras, and The Sa Marigosa Op.
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