Artichokes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Artichokes Market: Overview
Several botanists have studied the properties of edible plants over the years. This has led them to discover the health benefits of these plants, quite apparently for animals, and selectively for humans. Artichoke has also gained popularity due to increased spending on botanical and medical research. It is expected that the global artichokes market would expand at a sturdy pace in the years to follow. Research studies suggest that the nutritional value of artichokes is higher relative to other edible flowers and plants. This factor has also played a defining role in unshackling fresh growth avenues for the market.
The increasing incidence of cardiovascular diseases is daunting the medical fraternity. As medical practitioners become assertive about the need for behavioural changes, there is growing demand for healthy food options. This factor, coupled with the popularity of vegan diets, has given a thrust to market growth. Furthermore, artichokes are also used to manufacture various liqueur. The world-famous Italian liqueur, Cynar, is manufactured from fermented artichokes. There is, therefore, enough reason to believe that the market would mature at a decent pace in the years to follow.
A syndicate reports on the global artichokes market gives interesting facts and figures pertaining to market growth. The global artichokes market can be segmented on the basis of the following parameters: origin, product type, application, and region. Organic artichokes are expected to outproduce conventional artichokes in the coming years. Evidently, this projection is based on the growing popularity of organic products and foods.
Global Artichokes Market: Notable Developments
Research related to cardiovascular diseases and anticancer food has created new avenues for growth across the artichokes market.
Some of the prominent players in the global artichokes market are:
Global Artichokes Market: Growth Drivers
The most prominent driver of demand within the global artichokes market is advancements in food science. Artichokes are believed to help in regulating blood pressure in humans, and this is a consideration for health-conscious individuals. Furthermore, digestive benefits of consuming processed artichoke have also given an impetus to market growth.
As people strive to follow healthier lifestyles, the cumulative spending on natural supplements has increased. This factor has directly influenced the growth graph of the global artichokes market.
Global Artichokes Market: Regional Outlook
Cultivation of artichokes comes with a number of prerequisites, and they grow best in damp weather conditions. For this reason, coastal areas of North California have become commercial centres for artichoke cultivation. Furthermore, cultivation of artichokes in India is also gathering momentum in recent times.
The global artichokes market can be segmented on the basis of the following parameters:
By Product Type
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