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The artichokes market size is estimated to grow by 277.7 MT, at a CAGR of 3.15% between 2023 and 2028. Market expansion hinges on several factors, notably the burgeoning organized retail sector, urbanization trends, shifting consumer lifestyles, and the increasing impact of blogs and digital media on artichoke consumption. Conversely, market growth faces hurdles such as the risk of food contamination in fruits and vegetables, a wave in unfair trade practices, and the volatility in prices of these commodities. Despite the promising prospects offered by the aforementioned growth drivers, addressing these challenges is paramount for sustained market advancement. Mitigating food contamination risks demands stringent quality control measures and hygiene standards. Similarly, combating unfair trade practices necessitates regulatory interventions and ethical business practices. Moreover, stabilizing prices through strategic supply chain management and market interventions can foster consumer confidence and drive long-term growth in the artichoke market. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
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The market share growth by the food and beverages segment will be significant during the forecast period. Urbanization and consumption trends have brought about major changes in consumer lifestyles, resulting in a shift towards healthier foods. People's health is an important factor in a nation's social and economic prosperity. Therefore, health-conscious people seek foods that contain essential nutrients. Artichoke-based foods and beverages can be an important part of a healthy diet when consumed in appropriate amounts. They help prevent serious diseases like cancer.
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The food and beverages segment was valued at 736.30 MT in 2018. They play an important role in human nutrition as they are an excellent source of vitamins such as C and K and many other dietary fibers such as folic acid. Fruit and vegetable ingredients also help with weight management, lower blood cholesterol levels, and control insulin and blood sugar responses. Therefore, the food and beverage segment of the market is expected to grow during the forecast period.
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Europe is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe is expected to be the largest geographic segment of the market during the forecast period. This is due to the rising disposable income of the population in this region and growing awareness of the health benefits of consuming fresh fruits and vegetable ingredients. The growing demand for healthy foods has increased the demand for fresh artichokes. Italy is the world's most populous producer, followed by Egypt and Spain, which also participate in international trade. Farmers use horticulture as a technique to produce cash crops. In addition, rising health concerns among the population are expected to boost the demand during the forecast period. Therefore, increasing demand and increasing imports and exports will boost the growth of the market during the forecast period.
The global artichoke market is thriving, driven by the nutritional and medicinal benefits of *Cynara scolymus*. Globe artichokes, renowned for their edible flower buds, are a staple in Mediterranean food culture and a popular dietary supplement. Rich in chromium, fiber, folate, potassium, and inulin, artichokes offer significant health benefits. They are packed with bioactive agents like apigenin, luteolin, and silymarin, which contribute to their antimicrobial, antifungal, antibacterial, and anticancer properties. Artichokes are celebrated for cholesterol reduction, liver protection, detoxification, and improving skin health. Their dietary fiber supports cholesterol regulation and plant-based meals, highlighting their role in modern nutrition and wellness trends.
The growing organized retail sector is notably driving market growth. The growth of the organized retail sector across the world is a key factor influencing the growth of the market during the forecast period. To generate more sales volume and revenue, companies continually focus on strengthening their distribution networks through organized retail. Organized retail grew with the establishment of several supermarkets, hypermarkets, and specialty stores. Hypermarkets and supermarkets are the two main offline distribution channels for fruits and vegetables.
Moreover, organized retail is an integral part of offline distribution channels, facilitating the consumer shopping process and allowing them to choose from a wide variety of fruits and vegetables. Walmart Inc., Carrefour, The Kroger Co., and Penny are hypermarkets around the world that offer a wide variety of fruits and vegetables. An increase in the number of organized retailers offering more shelf space for organic and non-organic artichokes is expected to boost the growth of the market during the forecast period.
Increasing demand for organic fruits and vegetables is a key trend influencing market growth. The global food and beverage industry is increasingly demanding organic fruits and vegetables. For this reason, the market is expected to develop during the forecast period. Organic food is becoming more and more popular around the world because it is produced without the use of synthetic fertilizers, chemical pesticides, artificial substances, or genetic engineering.
Further, organic farming improves the nutrients in the soil and results in higher-quality produce grown in that soil. Organic artichokes offer an ideal solution for consumers looking for healthy food made from delicious organic ingredients. They contain various minerals, vitamins, omega-3 fatty acids, and some antioxidant properties. Hence, increasing demand in the global food and beverage industry will boost the growth of the market during the forecast period.
Food contamination from fruits and vegetables is challenging the market growth. Food poisoning can adversely affect a person who eats food contaminated with bacteria, viruses, parasites, toxins, or other substances. Eating raw artichokes can put you at risk of food poisoning from pathogens such as salmonella. For example, about 3 million people (1 in 8) in Mexico suffer from food poisoning each year. Salmonella is one of the most important foodborne diseases in Mexico. These contaminants enter the supply chain in a variety of ways, rendering the food unsafe for consumption. Various methods of contamination include the use of organic waste as fertilizer on agricultural land, the introduction of feces into irrigation water, direct contamination from cattle, wildlife, and birds, and post-harvest issues such as industrial hygiene.
Moreover, long-term exposure to oxalates in staple foods such as peaches can adversely affect the immune system, interfere with normal development, and even cause cancer issues. Also, rapid climate change may increase the risk of food poisoning. They are more susceptible to spoilage during periods of extreme heat and cold due to climate change and will stay fresh longer if stored at low temperatures (32°F to 55°F). This factor is expected to hamper the growth of the market during the forecast period.
The market forecast report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. Market forecasting focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anklam Extrakt GmbH: This company focuses on producing and developing plant-based extracts. It also offers different types of Artichokes solutions such as Artichoke leaf powdered extract.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The artichoke market is expanding as health-conscious consumers increasingly seek its numerous benefits. *Cynara scolymus* (green globe artichoke) and its varieties, including purple and elongated artichokes, are prized for their medicinal properties and culinary applications. Rich in antioxidants, magnesium, and vitamin C, these vegetables serve as functional foods supporting liver health, blood pressure control, and gut health through prebiotics and secondary metabolites. Canned and frozen artichokes cater to seasonal dependency and food processing needs, making them versatile for salads, pastas, dips, tarts, and more. Jerusalem artichokes and their related products contribute to nutritional value with bioactive ingredients and anti-inflammatory effects. The rise in organic foods and natural supplements reflects a shift towards healthier, vegan, and vegetarian options. Advances in artificial intelligence for crop monitoring and yield optimization enhance the efficiency of producing these nutrient-rich foods, vital in today's market.
Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.15% |
Market growth 2024-2028 |
277.7 MT |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.95 |
Regional analysis |
Europe, North America, Middle East and Africa, APAC, and South America |
Performing market contribution |
Europe at 49% |
Key countries |
Italy, Egypt, Spain, Peru, and Algeria |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anklam Extrakt GmbH, CAPRICHOS DEL PALADAR SLU, Del Monte Foods Inc., Dole plc, Gaia Herbs Inc., General Mills Inc., Greenyard NV, Hawaii Pharm LLC, Herrrawi Group, Kings Plant Barn, Master Fruit srl, Nutra Green Biotechnology Co. Ltd., Ocean Mist Farms, Ole, Sa Marigosa Societa Consortile Arl, and Semplice Agricola F.lli Piras |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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