Cultivating Growth in the Artichokes Market: Analyzing Market Share, Demand Trends, and Competitive Landscape in Agricultural Produce

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Artichokes Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth 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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Market Segmentation:
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

Major Driver - Increasing Consumption Of Healthy And Nutritional Foods
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.

Competitive Landscape:
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.

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Top Trend - L'Occitane Introduces Innovative Artichoke Body Care Range For Purifying And Detoxifying Benefits
Product innovation is a key trend gaining popularity in the artichoke market. Major companies operating in the artichoke market are focusing on innovative products to sustain their position in the market. For instance, in April 2023, L'Occitane, a France-based skincare company, launched the Artichoke body care range to offer multiple skincare benefits, such as purifying and detoxifying. L'Occitane's artichoke body care range aims to provide the purifying and detoxifying benefits of high polyphenols and inulin and has diuretic, fat-digesting, and cholesterol-fighting properties. These products also promote microcirculation, helping the skin remain plump and improve elasticity.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artichokes Market Characteristics
3. Artichokes Market Trends And Strategies
4. Artichokes Market - Macro Economic Scenario
5. Artichokes Market Size And Growth
…..
27. Artichokes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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