Overview and Scope
Artichokes are a type of thistle and flower bud that has a unique appearance and taste and can be cooked in various ways. It contains high fiber, vitamins, and antioxidants, promoting multiple health benefits such as weight management, treating fatty liver disease, cardiovascular disease, and immune system disorders.
Sizing and Forecast
The artichokes market size has grown steadily in recent years. It will grow from $3.06 billion in 2023 to $3.19 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to culinary renaissance, regional agricultural shifts, health and nutritional awareness, increased import-export trade, cultural culinary integration.
The artichokes market size is expected to see steady growth in the next few years. It will grow to $3.69 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to health and wellness, sustainable agriculture practices, market expansion strategies, innovative culinary application, innovative culinary application. Major trends in the forecast period include functional food appeal, processed and convenience products, artisanal and specialty varieties, traceability and transparency, artichoke by-products utilization.
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Segmentation & Regional Insights
The artichokes market covered in this report is segmented –
1) By Product Type: Baby Anzio, Big Heart, Green Globe, Siena, Mercury, Omaha, Fiesole, Chianti, Other Product Types
2) By Form: Fresh, Frozen, Canned
3) By Origin: Organic Artichokes, Conventional Artichokes
4) By Application: Medical Research, Liqueur, Herbal Tea, Cooking, Personal Care, Dietary Supplements, Other Applications
5) By End-Use: Direct Consumption, Food Processing, Beverage Processing, Other End-Uses
Europe was the largest region in the artichokes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artichokes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing consumption of healthy and nutritional foods is expected to propel the growth of the artichoke market going forward. Healthy and nutritious food is food that supplies the required nutrients, vitamins, and minerals for the body’s optimal functioning while also encouraging general health and well-being without the need for additional nutrition supplements. Health-conscious individuals consume artichoke as a healthy and nutritious food due to its high antioxidant content, fiber-rich nature, and high concentration of minerals and vitamins such as vitamins B1, C, phosphorus, magnesium, iron, calcium, potassium, and niacin, which offer potential health benefits such as helping control cholesterol, diabetic management, detoxification, anti-carcinogenic, antioxidative, antiviral, antibacterial, and others. For instance, according to the Food and Health Survey 2022, published by the International Food Information Council, a US-based non-governmental organization, a survey of 1,005 Americans ages 18 to 80 revealed that in 2022, approximately 52% of Americans had followed a healthy pattern as compared to 39% in the year 2021. Therefore, the increasing consumption of healthy and nutritional foods is driving the artichoke market.
Key Industry Players
Major companies operating in the artichokes market report are Naturipe Farms LLC., General Mills Inc., Caprichos del Paladar S.L.U., Green Giant, Agro T18 Italia S.r.l., Master Fruit Srl., Herrawi Group, Societa Semplice Agricola F.lli Piras, Green Globe Produce Inc., D’Arrigo Bros. Co., Agroittica Lombarda, Mitica Fine Foods Ltd., Bonduelle, Del Monte Foods Inc., Dole Food Company Inc., Goya Foods Inc., Calavo Growers Inc., Hortifrut SA, Ready Pac Produce Inc., Danper Trujillo S.A.C, Florette, F. DIVELLA S.p.A, Grimmway Farms, Sun World International LLC., Ocean Mist Farms, VoloAgri Grou Inc., Jawahara Food Group, Sirri Ustundag, Al Jawhara Group, Agricor Inc.
The artichokes market report table of contents includes:
1. Executive Summary
2. Artichokes Market Characteristics
3. Artichokes Market Trends And Strategies
4. Artichokes Market – Macro Economic Scenario
5. Global Artichokes Market Size and Growth
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31. Artichokes Market Other Major And Innovative Companies
32. Global Artichokes Market Competitive Benchmarking
33. Global Artichokes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artichokes Market
35. Artichokes Market Future Outlook and Potential Analysis
36.Appendix
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