Artichokes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Artichokes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2023 | Food and Beverages

Report Digest

Global Artichokes Market: Snapshot

An artichoke is a long, thistle-like composite plant that is cultivated for its big flower heads. 

Artichokes help in controlling blood pressure in human beings and their digestive advantages are likely to propel the global artichokes market in future. The advancements in food sciences have emerged as the main growth driver for the global artichokes market.

The rising number of patients, suffering from cardiovascular disorders has made life challenging for practitioners in the medical industry. As they become more aware of the requirements of behavior changes, there is an increasing demand for healthy food products.

With a growing inclination towards leading a healthy lifestyle, the combined expenditure on natural food products has risen. This aspect has played a crucial role in the growth of the artichokes market, worldwide.

Many botanists, over the years, have conducted studies on edible plant characteristics. These studies have helped in the better understanding of the advantages of these edible plants. Artichoke has become popular because of increased expenditure on medical and botanical research.

Research shows that artichokes have greater nutritional value, in comparison with other plants and flowers. This aspect of artichokes has helped generate new avenues for the global artichokes market.

The coastal areas of North California have emerged as the commercial center for artichoke cultivation because of the prevalence of wet weather conditions in this region. Artichokes cultivation in India has also become popular, in recent times. 

Artichoke leaves have been used in cuisines and culinary and has benefitted many market vendors. Artichokes have also found their usage in the Cynar liqueur production, as well.

The requirement to optimize farm products and decrease leftovers has proven beneficial to artichokes market players. Artichokes are usually left to decay in the field, which is a practice followed worldwide. This factor could help develop profitable opportunities for artichokes market vendors in future.

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.

  • The use of artichoke leaves in culinary and cuisines has helped numerous market vendors. Several new food recipes focus on seasoning the dish with artichoke leaves and beads. Several food and lifestyle magazines and newspapers such as The Guardian publish article about the uses of artichokes leaves, thereby spreading awareness about the benefits. This trend has taken the form of indirect marketing for the market players.
  • The need to optimize farm produce and reduce leftovers has also played to the advantage of the market players. Perennial artichokes are often left behind to rot in the field, and this practice is being called out across the globe. This factor shall result in better procurement opportunities for vendors operating in the global artichokes market.

Some of the prominent players in the global artichokes market are:

  • Master Fruit SRL
  • Jawhara Foods
  • Hijos De Joaquín Rodríguez SL
  • Caprichos Del Paladar
  • Sirri Ustundag
  • Danda Global Trade

Global Artichokes Market: Growth Drivers

  • Health Benefits of Artichokes

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.

  • Increased Spending on Organic Supplements

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 Origin

  • Organic Artichokes
  • Conventional Artichokes

By Product Type

  • Baby anzio
  • Big heart
  • Green globe
  • Siena
  • Mercury
  • Omaha
  • Chianti
  • Others

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?