Global Artichokes Market

Artichokes Market Size, Share, Growth Analysis, By Product Type(Globe artichokes, Elongated artichokes), By End Use(Food processing, Direct consumption, Beverage processing, Others.), By Region - Industry Forecast 2024-2031


Report ID: SQSG30C2012 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

Artichokes Market Dynamics

Artichokes Market Driver

  • The primary element influencing artichokes market expansion is the health benefits of artichokes. Developments in food science are the main factor driving demand in the worldwide artichoke industry. People who care about their health should take into account that artichokes are thought to assist humans regulate their blood pressure. Additionally, consumption of processed artichoke has digestive benefits, which have fueled market expansion. Further, spending more on organic supplements will drive the artichokes market. The total amount spent on natural supplements has gone risen as more people try to live healthier lives. This element has had a direct impact on the worldwide artichoke market's growth curve. Increasing awareness about health in population is expected to flourish the market growth of artichokes market globally.

Artichokes Market Restraint

  • It is probably safe to consume artichokes. Additionally, research have shown that using artichoke supplements for up to 23 months is safe. The only significant adverse effects to be aware of are weakness, flatulence, and hunger. Some people may get diarrhea or an upset stomach. People who are allergic to marigolds, daisies, and other related herbs may also experience adverse responses after eating artichokes. And thus, this factor could limit the growth of market.
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FAQs

On the basis of origin, the artichokes market is segmented into:-Organic artichokes,Conventional artichokes.

Western Europe, North America, and Latin America are expected to witness increasing demand for artichokes during the forecast period, owing to increasing consumption of healthy and nutritional foods.

Artichokes Market size was valued at USD 2.71 billion in 2019 and is poised to grow from USD 2.77 billion in 2023 to USD 3.42 billion by 2031, growing at a CAGR of 2.34% in the forecast period (2024-2031).

The Artichokes market is relatively fragmented, with a high level of competition. Companies are working on product differentiation and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability. 'Agroindustria Guadalajara', 'Unifrutti Traders Ltd.', 'Ocean Mist Farms', 'Green Globe Produce Inc.', 'DanPer Trujillo S.A.C.', 'Four Leaf Farms', 'Pistoia Orto Srl', 'Sun Impex International Foods LLC', 'Apollo Exports International Inc.', 'Baika Agricultural Cooperative', 'Baja Farm Fresh', 'Fresh Select LLC', 'Globe Artichokes Australia', 'Greenyard NV', 'Magna Produce Pty Ltd', 'The Nunes Company, Inc.', 'Rio Queen Citrus, Inc.', 'Soave Agricola SRL', 'Syngenta AG', 'D'Arrigo California'

The primary element influencing artichokes market expansion is the health benefits of artichokes. Developments in food science are the main factor driving demand in the worldwide artichoke industry. People who care about their health should take into account that artichokes are thought to assist humans regulate their blood pressure. Additionally, consumption of processed artichoke has digestive benefits, which have fueled market expansion. Further, spending more on organic supplements will drive the artichokes market. The total amount spent on natural supplements has gone risen as more people try to live healthier lives. This element has had a direct impact on the worldwide artichoke market's growth curve. Increasing awareness about health in population is expected to flourish the market growth of artichokes market globally.

Recent studies found that, in people who already have liver disease, artichokes may assist to improve their condition and prevent further liver damage. Researchers summarized the effects of artichoke supplementation on the concentration of the liver enzymes alanine transaminase (ALT) and aspartate aminotransferase (AST) in patients with nonalcoholic fatty liver disease (NAFLD) and other metabolic conditions in a systematic review and meta-analysis of eight studies. Serum ALT and AST concentrations are frequently used biomarkers to evaluate liver function and are thought to be indications of metabolic syndrome and NAFLD.

In 2021, the Europe region led the Artichokes market. The growth of the regional market can be attributed to the fact that the primary artichoke-producing nations are located in Europe, Europe held the greatest market share for artichokes in 2021. The demand for artichokes has significantly increased in Italy, France, Spain, and the UK due to the rise in the consumption of nutritive and organic food products, which is boosting their overall sales in Europe. The market is expanding in the area as a result of consumer awareness of the uses and advantages of artichokes. Additionally, the producers are spending money on R&D projects to expand the applications for artichokes. The demand for the goods in the area has also increased as a result.

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Global Artichokes Market

Report ID: SQSG30C2012

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