Artichokes Market
Growth Factors of Artichoke(OTR) Tire Market
The Artichoke(OTR) Tire market size was valued at USD 2.81 billion in 2023, and the market is now projected to grow from USD 2.87 billion in 2024 to USD 3.64 billion by 2032, exhibiting a CAGR of 3.01% during the forecast period of 2024-2032.
Concurring to PubMed Central (PMC), the product has picked up critical ubiquity in the present years due to its flowers' antioxidant property, which is the most elevated among any other vegetable. With the developing application of the item in different cuisines, the producers are too creating a few formulas such as stuff and heat artichokes. Its expanding application in culinary due to its bioactive phenolic compounds and other minerals makes it a useful nourishment, driving the artichoke market growth in the phase of COVID-19 pandemic.
Artichokes' restorative and therapeutic properties have as of now been well known within the past. Recent findings about the affirmed the invigorating properties of artichoke extricates on the liver. Animal considers have appeared that fluid extricates from the product's roots and clears out can secure the liver and conceivably indeed boom up the recovery of liver cells. The study isn't however conclusive, but researchers were hopeful that it was defended for numerous years of human utilize due to stomach related and intestinal issues. Clinical trials and inquire about conducted approximately the recuperating and therapeutic properties of the extricates for treating a few infections such as metabolic disorder and hypertension are anticipated to supply different openings for the item within the pharmaceutical segment and help the development of the artichoke market share.
Various claimed wellbeing benefits of the item, such as way better absorption, Wellbeing of heart and liver, have lured up the buyers into expanding their utilization of the item, which, in turn, increases advertise development. Normal utilization of cynara scolymus extricate can help to secure the liver from harm and ease the indications of non-alcoholic greasy liver infection. It too helps lower blood weight by advancing the eNOS chemicals, which offer assistance in broadening blood vessels. The expanding rate of this wellbeing clutter and the rising number of health-conscious individuals offer advance potential development openings for this advertise within the coming years.
Comprehensive Analysis Of Artichoke(OTR) Tire Market
On the premise of form, the market is sectioned into fresh, solidified, and canned. The fresh section is confined to hold a bigger share due to its high utilization, owing to energizing flavor and delicacy. On the premise of end-use, the market is sectioned into food & beverages, pharmaceuticals, and individual care & cosmetic. The food & refreshments fragment is likely to account for bigger advertise share, owing to the product's developing application request over the food industry.
Europe is expected to hold the biggest artichokes market share with a valuation of USD 1.2 billion in the global advertise as the most producing countries are found within the region and there's expanded utilization of natural nourishment. Agreeing to the Worldwide Society for Agricultural Science, as it were Murcia territory produces more than 7,000 ha of artichoke per year in Spain. The critical increment in demand for artichokes in Italy, France, Spain, and the U.K. is supporting its deals within the region.
Major players of the market working in different regions have realized the development potential of artichoke and are ceaselessly committed to advertise advancement and propelling unused items to grow their item portfolio. Driving companies are too centering on consolidating the vegetable assortment in different items to address the necessities of a broader customer base. Major players within the market leading globally are Ocean Mist Farms (U.S.), Caprichos del Paladar S.L.U. (Spain), Anklam Extrakt GmbH (Germany), and Agro T18 Italia Srl (Italy).
Within the month of March 2024, The analysts at the College of Florida looked for to upgrade artichoke conservation through a progressed breeding. Analysts were meant to analyze RNA groupings of artichoke cultivars to distinguish hereditary markers for alluring characteristics, such as longer rack life, resistance to physiological clutters, and slower postharvest weakening.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 3.01% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Form
- Fresh
- Frozen
- Canned
By End-use
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetic
By Geography
- North America (By Form, By End-use, and By Country)
- U.S. (By End-use)
- Canada (By End-use)
- Mexico (By End-use)
- Europe (By Form, By End-use, and By Country)
- Italy (By End-use)
- Spain (By End-use)
- France (By End-use)
- Germany (By End-use)
- Belgium (By End-use)
- Rest of Europe (By End-use)
- Asia Pacific (By Form, By End-use, and By Country)
- China (By End-use)
- Uzbekistan (By End-use)
- Rest of Asia Pacific (By End-use)
- South America (By Form, By End-use, and By Country)
- Peru (By End-use)
- Argentina (By End-use)
- Rest of South America (By End-use)
- Middle East & Africa (By Form, By End-use, and By Country)
- Egypt (By End-use)
- Turkey (By End-use)
- Algeria (By End-use)
- Rest of ME&A (By End-use)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Supply Chain and Regulatory Analysis
- 4.3. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.4. Market Analysis and Insights (in Relation with COVID-19)
- 4.4.1. Impact of COVID-19 on the Market
- 4.4.2. Supply Chain Challenges due to the Pandemic
- 4.4.3. Potential Opportunities Due to COVID-19
- 5. Global Artichokes Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Form (Value)
- 5.2.1.1. Fresh Artichokes
- 5.2.1.2. Frozen Artichokes
- 5.2.1.3. Canned Artichokes
- 5.2.2. By End-use (Value)
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Pharmaceuticals
- 5.2.2.3. Personal Care & Cosmetics
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Artichokes Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Form (Value)
- 6.2.1.1. Fresh Artichokes
- 6.2.1.2. Frozen Artichokes
- 6.2.1.3. Canned Artichokes
- 6.2.2. By End-use (Value)
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Pharmaceuticals
- 6.2.2.3. Personal Care & Cosmetics
- 6.2.3. By Country (Value)
- 6.2.3.1. The U.S.
- 6.2.3.1.1. By End-use (Value)
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Pharmaceuticals
- 6.2.3.1.1.3. Personal Care & Cosmetics
- 6.2.3.2. Canada
- 6.2.3.2.1. By End-use (Value)
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Pharmaceuticals
- 6.2.3.2.1.3. Personal Care & Cosmetics
- 6.2.3.3. Mexico
- 6.2.3.3.1. By End-use (Value)
- 6.2.3.3.1.1. Food & Beverages
- 6.2.3.3.1.2. Pharmaceuticals
- 6.2.3.3.1.3. Personal Care & Cosmetics
- 7. Europe Artichokes Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Form (Value)
- 7.2.1.1. Fresh Artichokes
- 7.2.1.2. Frozen Artichokes
- 7.2.1.3. Canned Artichokes
- 7.2.2. By End-use (Value)
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Pharmaceuticals
- 7.2.2.3. Personal Care & Cosmetics
- 7.2.3. By Country (Value)
- 7.2.3.1. Italy
- 7.2.3.1.1. By End-use (Value)
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Pharmaceuticals
- 7.2.3.1.1.3. Personal Care & Cosmetics
- 7.2.3.2. Spain
- 7.2.3.2.1. By End-use (Value)
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Pharmaceuticals
- 7.2.3.2.1.3. Personal Care & Cosmetics
- 7.2.3.3. France
- 7.2.3.3.1. By End-use (Value)
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Pharmaceuticals
- 7.2.3.3.1.3. Personal Care & Cosmetics
- 7.2.3.4. Germany
- 7.2.3.4.1. By End-use (Value)
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Pharmaceuticals
- 7.2.3.4.1.3. Personal Care & Cosmetics
- 7.2.3.5. Belgium
- 7.2.3.5.1. By End-use (Value)
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Pharmaceuticals
- 7.2.3.5.1.3. Personal Care & Cosmetics
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By End-use (Value)
- 7.2.3.6.1.1. Food & Beverages
- 7.2.3.6.1.2. Pharmaceuticals
- 7.2.3.6.1.3. Personal Care & Cosmetics
- 8. Asia Pacific Artichokes Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. Market Size Estimates and Forecast
- 8.1.2. By Form (Value)
- 8.1.2.1. Fresh Artichokes
- 8.1.2.2. Frozen Artichokes
- 8.1.2.3. Canned Artichokes
- 8.1.3. By End-use (Value)
- 8.1.3.1. Food & Beverages
- 8.1.3.2. Pharmaceuticals
- 8.1.3.3. Personal Care & Cosmetics
- 8.1.4. By Country (Value)
- 8.1.4.1. China
- 8.1.4.1.1. By End-use (Value)
- 8.1.4.1.1.1. Food & Beverages
- 8.1.4.1.1.2. Pharmaceuticals
- 8.1.4.1.1.3. Personal Care & Cosmetics
- 8.1.4.2. Uzbekistan
- 8.1.4.2.1. By End-use (Value)
- 8.1.4.2.1.1. Food & Beverages
- 8.1.4.2.1.2. Pharmaceuticals
- 8.1.4.2.1.3. Personal Care & Cosmetics
- 8.1.4.3. Rest of APAC
- 8.1.4.3.1. By End-use (Value)
- 8.1.4.3.1.1. Food & Beverages
- 8.1.4.3.1.2. Pharmaceuticals
- 8.1.4.3.1.3. Personal Care & Cosmetics
- 9. South America Artichokes Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. Market Size Estimates and Forecast
- 9.1.2. By Form (Value)
- 9.1.2.1. Fresh Artichokes
- 9.1.2.2. Frozen Artichokes
- 9.1.2.3. Canned Artichokes
- 9.1.3. By End-use (Value)
- 9.1.3.1. Food & Beverages
- 9.1.3.2. Pharmaceuticals
- 9.1.3.3. Personal Care & Cosmetics
- 9.1.4. By Country (Value)
- 9.1.4.1. Peru
- 9.1.4.1.1. By End-use (Value)
- 9.1.4.1.1.1. Food & Beverages
- 9.1.4.1.1.2. Pharmaceuticals
- 9.1.4.1.1.3. Personal Care & Cosmetics
- 9.1.4.2. Argentina
- 9.1.4.2.1. By End-use (Value)
- 9.1.4.2.1.1. Food & Beverages
- 9.1.4.2.1.2. Pharmaceuticals
- 9.1.4.2.1.3. Personal Care & Cosmetics
- 9.1.4.3. Rest of South America
- 9.1.4.3.1. By End-use (Value)
- 9.1.4.3.1.1. Food & Beverages
- 9.1.4.3.1.2. Pharmaceuticals
- 9.1.4.3.1.3. Personal Care & Cosmetics
- 10. Middle East and Africa Artichokes Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.1.1. Market Size Estimates and Forecast
- 10.1.2. By Form (Value)
- 10.1.2.1. Fresh Artichokes
- 10.1.2.2. Frozen Artichokes
- 10.1.2.3. Canned Artichokes
- 10.1.3. By End-use (Value)
- 10.1.3.1. Food & Beverages
- 10.1.3.2. Pharmaceuticals
- 10.1.3.3. Personal Care & Cosmetics
- 10.1.4. By Country (Value)
- 10.1.4.1. Egypt
- 10.1.4.1.1. By End-use (Value)
- 10.1.4.1.1.1. Food & Beverages
- 10.1.4.1.1.2. Pharmaceuticals
- 10.1.4.1.1.3. Personal Care & Cosmetics
- 10.1.4.2. Turkey
- 10.1.4.2.1. By End-use (Value)
- 10.1.4.2.1.1. Food & Beverages
- 10.1.4.2.1.2. Pharmaceuticals
- 10.1.4.2.1.3. Personal Care & Cosmetics
- 10.1.4.3. Algeria
- 10.1.4.3.1. By End-use (Value)
- 10.1.4.3.1.1. Food & Beverages
- 10.1.4.3.1.2. Pharmaceuticals
- 10.1.4.3.1.3. Personal Care & Cosmetics
- 10.1.4.4. Rest of ME&A
- 10.1.4.4.1. By End-use (Value)
- 10.1.4.4.1.1. Food & Beverages
- 10.1.4.4.1.2. Pharmaceuticals
- 10.1.4.4.1.3. Personal Care & Cosmetics
- 11. Competitive Landscape
- 11.1. Key Industry Developments
- 11.2. Global Market Share/Ranking Analysis
- 12. Company Profiles
- 12.1. Ocean Mist Farms
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Species Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Caprichos del Paladar S.L.U.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Species Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Anklam Extrakt GmbH
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Species Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Agro T18 Italia Srl
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Species Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Gaia Herbs Inc.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Species Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Master Fruit Srl
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Species Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. The Sa Marigosa Op
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Species Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Herrawi Group
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Species Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Ole!
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Species Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. King Herbs Ltd.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Species Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
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