Market Overview:
Artichoke (Cynara scolymus) is a large perennial plant grown for its edible flower buds and has a
delicate, nutlike flavor. This plant is native to the Mediterranean and has been used for centuries for
its potential medicinal properties. It is rich in chromium, fiber, folate, and potassium. In addition,
Cynara scolymus contains inulin, a soluble fiber. This compound is used in the dietary supplement
and pharmaceutical industries due to its health-enhancing properties, such as digestibility, fat
absorption, and ability to bind water and minerals.
Market Size Growth Rate:
According to the DataM market research report, the global artichokes market reached US$ 3,070.5
million in 2022 and is projected to witness lucrative growth by reaching up to US$ 4,333.2 million by
2030. The market is growing at a CAGR of 4.4% during the forecast period (2023-2030).
The plant’s blossom buds, or artichokes, are primarily grown close to the Mediterranean region.
Artichokes are advantageous in medical research, genetics, liqueur, herbal tea, and cuisine due to
their entire antioxidant property. In addition to this, artichokes are high in fiber, potassium,
magnesium, folate, and vitamin C, which has increased consumer demand for artichokes.
Market Drivers:
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 global artichoke industry.
People who care about their health should take into account that artichokes are thought to assist
humans in regulating their blood pressure. Additionally, the 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 the population is expected to flourish the market growth of the artichokes market
globally.
Market Restraints:
Artichokes can likely be eaten without any problems. Additionally, research has 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 the market.
Market Opportunities:
Consumers are increasingly looking for convenient and easy-to-prepare food options that fit into
their busy lifestyles. Frozen and canned artichokes offer a convenient option for consumers who
want to enjoy artichokes without the hassle of preparation. This presents an opportunity for the
artichoke market to expand its processed artichoke products.
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COVID-19 Impact Analysis:
The COVID-19 pandemic has had a significant impact on the global economy, including the
agricultural sector. The pandemic has disrupted global supply chains, making it more difficult to
transport goods and access markets. This affected the export of artichokes from producing countries
such as Spain, Italy, and Peru to other parts of the world. The pandemic has led to labor shortages in
some parts of the world, including in the agricultural sector. This affected the production of
artichokes and other crops that rely on manual labor by 6%, according to USDA.
Recent Developments in the Industry:
On January 27, 2022, Cutting Vedge, The USA, based company launched artichoke-based
vegan meat to the table. The speciality food company launched the New Jersey-based brand
with the goal of opening up new plant-based food possibilities for the nutrient-rich
artichoke. In addition to being a rich source of protein without the presence of cholesterol,
artichokes are also high in fibre, micronutrients, and antioxidants.
On May 1, 2023, The North American Ocean Mist Farms, launched annual spring promotion
conveying the health and nutrition benefits and accolades of its famous Gold Standard
artichokes. By highlighting its artichoke expertise through this campaign, Ocean Mist Farms
hopes to raise trade partner awareness of the intricate processes involved in earning the
Gold Standard certification and draw attention to the exceptional nutritional benefits of
fresh artichokes.
On March 16, 2023, Prior to National Artichoke Hearts Day, the Monterey County
Convention and Visitors Bureau (MCCVB) launched its Artichoke Trail, shining a spotlight on
the region’s spiciest vegetable. In Monterey County, there are more than 20 places to stop
along the Artichoke Trail, including eateries, farm stands, and tourist destinations.
Market Segmentation:
As per the research analysis, the global artichokes market is segmented by origin type into organic,
artichokes and conventional artichokes; by product into globe artichokes, elongated artichokes, and
others; and by End User into food & beverages, pharmaceuticals, and personal care & cosmetic.
Based on product, the globe artichokes segment held the largest market share in 2021 and
are anticipated to maintain their dominance during the forecast period. A vegetable crop
indigenous to the Mediterranean region is the globe artichoke. They are the world’s most
widely grown, fat (4-5 inches), and oblong artichokes. The most common and consumed
varieties of globe artichokes are green globe, baby Anzio, and giant heart. The immature
flower buds, which contain vital nutrients including inulin, fibers, and minerals, are the
major reason it is grown.
Additionally, the globe artichoke is a well-known medicinal plant, and its heads and leaves
are a rich source of polyphenolic chemicals. escalating consumption of healthy and
nutritional food among the populace is the major driving factor for the growth of the globe
artichokes segment.
Geographical Classification:
The global artichokes market is segmented into North America, Europe, South America, Asia-Pacific.
and Middle East & Africa.
Europe Artichokes Market
Europe is anticipated to hold the largest artichokes market share in the global market as the main
producing countries are located in the region and there is increased consumption of organic food.
According to the International Society for Horticultural Science, only Murcia province produces more
than 7,000 ha of artichoke per year in Spain. The significant increase in demand for artichokes in
Italy, France, Spain, and the U.K. is aiding its sales in the region.
In addition, manufacturers are investing in research and development activities to explore and
diversify the uses of this vegetable, which is anticipated to boost its regional sales.
North America Artichokes Market
The U.S. is the largest artichoke producer in North America, followed by Mexico. California is the
major artichoke-producing state in the U.S., accounting for around 99% of the country’s total
production. The US is also a major consumer of artichokes, driven by a high demand for fresh
artichokes. The frozen and canned artichoke market in North America is also growing rapidly.
Competitive Landscape
The major global players include Caprichos del Paladar S.L.U., Agro T18 Italia, Gaia Herbs inc., Master
Fruit Srl, The Sa Marigosa Op, Ocean Mist Farms, Herrawi Group, King Herbs Ltd., Societa Semplice
Agricola F.lli Piras, and Campo de Lorca.
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query with regard to the scope offered will be addressed within 24- 48 hours.
3) An Excel sheet with market numbers will be provided separately.
The Full Report has the below insights:
The report offers a comprehensive evaluation of the market in terms of market value
(US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical
data (2021-2022) and verifiable projections about market size during the forecast period
(2023-2030).
Visualize the composition of the global artichokes market segmentation by origin type,
product, end user, and region, highlighting the key commercial assets and players.
o By Origin Type: Organic artichokes, Conventional artichokes
o By Product: Globe artichokes, Elongated artichokes, others
o By End user: Food & Beverages, Pharmaceuticals, Personal Care & Cosmetic
o By Region: North America, South America, Europe, Asia Pacific, Middle East & Africa
Identify commercial opportunities in the global artichokes market by analyzing trends
and co-development deals.
The report also covers data insights on various industry forces such as Porter's five
forces analysis, supply chain analysis, pricing analysis, regulatory analysis.
Excel data sheet with thousands of data points of global artichokes market-level 4/5
segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive
qualitative interviews and in-depth market study.
Product mapping in Excel for the key product of all major market players
The report will provide access to approximately 61 market data tables, 64 figures and
close to 180 pages.
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