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.
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Key Players: Caprichos del Paladar, Agro T18 Italia Srl., Gaia Herbs, MASTER FRUIT SRL, Sa Marigosa Società Consortile a r.l., Ocean Mist, Ole, Herrawi Group
The structure of the Artichokes Market report can be categorized into following sections:
Ongoing biomedical research & development related to artichokes leaf extract provides an opportunity for the artichoke market growth
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.
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The Artichokes Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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