Artichokes Market Size, Share, Outlook, and Opportunity Analysis, 2019 2027

Posted by anagha on June 26th, 2019

Artichoke plant is a species of thistle, perennial flowers, and member of the sunflower family, which is mostly cultivated in the countries bordering Mediterranean region. It is generally eaten when flower buds are immature. Tender base part of the bud is flavorful/fruitful which is cooked and eaten.

Market Dynamics

Increasing focus on health and novelty food consumption among the populace is major factor driving the global artichoke market, owing to its nutritional benefits, which include high levels of chromium, fiber, folate, magnesium, and vitamin C. Furthermore, it is fat or cholesterol free. According to Economic Research Service (ERS), United States Department of Agriculture (USDA) per person consumption of artichokes was 1.5 pounds in 2015. Moreover, cynarin is the active ingredient found in artichokes leaves, which has been used for centuries in traditional medicine as a specific gallbladder and liver remedy.

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Market Outlook

Western Europe, North America, and Latin America expected to witness increasing demand for artichokes during the forecast period, owing to increasing consumption of healthy and nutritional foods. For instance, according to Foreign Agricultural Service (FAS), USDA, the net importer of artichokes is the U.S. The total import of the U.S. was valued at US$ 101,793, in 2017. Peru, Mexico, and Spain are prominent supplier of artichokes.

Key players

Key players operating in the global artichokes market include Hijos De Joaquín Rodríguez SL, Sirri Ustundag, Caprichos Del Paladar, Agro T18 Italia S.r.l. and T18 Group, Nutra Green Biotechnology Co. Ltd., Sa Marigosa, Gaia Herbs, Inc., and Hawaii Pharm LLC

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