What is Artichokes?
Artichokes is a type of thistle which originated in Mediterranean region. It was used in ancient types majorly for the medicinal applications but has now transformed into an essential part of the dietary patterns of the people in Western Asia, Europe and North America. It has one of the highest anti-oxidant properties among all the vegetables. Italy and Spain account for the largest market of the artichokes. The artichokes are also said to be rich in fibre and carbs. Increasing population and enhancing focus on vegetarian food because of recent pandemic has led to the growth of the artichokes. The market of artichokes is also driven by growing demand from processed food segment. Europe is the biggest market of the artichoke.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Master Fruit SRL (Italy), Hijos de Joaquín Rodríguez S.L. (Spain), Jawhara Foods (Egypt), Caprichos Del Paladar S.L.U. (Spain), Danda Global Trade (Egypt), Sirri Ustundag (Turkey), World Finer Foods (United States), Kirkland Signature (United States), Cento (United States) and Trader Joe's (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Organic and Regular) , by application (Baby Anzio, Big Heart, Green Globe, Siena, Mercury, Omaha, Chianti and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Artichokes market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Master Fruit SRL (Italy), Hijos de Joaquín Rodríguez S.L. (Spain), Jawhara Foods (Egypt), Caprichos Del Paladar S.L.U. (Spain), Danda Global Trade (Egypt), Sirri Ustundag (Turkey), World Finer Foods (United States), Kirkland Signature (United States), Cento (United States) and Trader Joe's (United States).
Market Overview:
In January 2022, World Finer Foods launched Cutting Vedge. Plant-based, protein-rich, deliciously crafted foods made from the versatile, nutrient-rich Artichoke. Cutting Vedge is Non-GMO, vegan and a good source of protein and iron. All of our products are also free from gluten, soy and dairy. This launched helped company to expand its presence in artichokes market
The increase in population has led to growing demand for artichokes, similarly the health advancement in agriculture with aid of modern agri science has led to increase in yield of the artichoke produce. The growing consciousness about plant based diet due to recent pandemic has also led to growth of the artichokes. Geographically, Europe and North America are the largest market of the artichokes.
Influencing Trend:
Rising Spending in Organic Artichokes based Products
Market Growth Drivers:
Surge in Demand for Artichokes based Processed Food, Increasing Popularity due to Potential Health Benefits and Growing Population around the World
Challenges:
Presence of Pesticides and Fertilizer Contamination of the Raw Product Available in Market
Restraints:
Less Awareness or Presence of the Product outside North America, Europe and Western Asia
Opportunities:
Markets Outside North America and Europe Especially Asia Pacific Present Huge Opportunity to Grow
Key highlights of the Global Artichokes market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Artichokes market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Artichokes market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Artichokes Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artichokes market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Artichokes market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Artichokes Producers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.