Market Introduction
European continent comprises several developed nations such as Germany, France, United Kingdom, and Italy, among others. The European artichokes market is primarily being driven by the growing demands for convenience food products. These countries are witnessing an upsurge in the middle-class and upper-middle-class population as well as growth in the food & beverage industry, which provides ample opportunities for the key artichokes market players. With increasing health consciousness among the consumers, the demand for artichoke in the region is expected to continue to grow over the projected period. Artichoke is highly popular in the European market and is being increasingly demanded amongst consumers. Artichoke is defined as a perennial plant which can grow up to 2 meters tall in height with leaves up to 80 cm long. With the increase in knowledge, there is a rising appetite for artichokes across the world which is, further, powered by rising demand from the convenience food sector. The growing demand for convenience food items which are healthy and requires minimal processing is rising round the globe. It has positively impacted the demand for artichoke in global market scenario. Growing population and rising disposable income coupled with busy lifestyles led to the growth of the artichokes market in Europe. With the increasing health-related awareness among the middle-class population, the need for artichoke products in the region is expected to grow over the forecast period.
In Europe, currently the UK and Russia are the hardest-hit countries by the COVID-19 pandemic. It is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of COVID-19 cases followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. The governments in countries such as Italy and Spain have imposed complete lockdown in various areas for multiple weeks, which affected the business activities in these countries. The food service and retail sector have registered major disruptions, thus affecting the sales of companies operating in the region. Further, the prices of artichokes have fallen along with consumption, which is expected to negatively impact the growth of the market.
Market Overview and Dynamics
The Europe artichokes market is expected to grow from US$ 1,458.22 million in 2021 to US$ 1,877.14 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. Artichokes are known for their medicinal properties. Though they are categorized in the Mediterranean countries, health benefits associated with it has increased its demand in recent years. Seasonal availability, concentrated production coupled with low awareness regarding its benefits has confined the use of artichokes in end user industries. However, due to its high nutritional profile researcher are interested to discover its antioxidant, choleretic, hepatoprotective, bile-enhancing and lipid-lowering effects. Till now, number of clinical and experimental trials have been performed and positive results have been stated by researchers. Moreover, number of studies have been conducted to demonstrate the effect of antioxidants of human and animal health, especially regarding the liver health. Researcher have suggested that leaf extract of artichokes can be used in formulation of dietary supplements and also in animal nutrition. Owing to this, many pharmaceutical or nutraceutical companies have shifted their focus on R&D activities related to artichokes opening new avenues for Europe artichokes market.
Key Market Segments
In terms of category, the conventional segment accounted for the largest share of the Europe artichokes market in 2020. In terms of product type, the globe artichokes segment held a larger market share of the Europe artichokes market in 2020. Further, the food processing segment held a larger share of the Europe artichokes market based on end use in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe artichokes market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Agro T18 Italia Srl, Campo de Lorca, Caprichos del Paladar, Herrawi Group, Master Fruit SRL, Ocean Mist, Ole, Sa Marigosa Società Consortile a r.l., and Societa Semplice Agricola F.lli Piras.
Reasons to buy report
Europe Artichokes Market Segmentation
Europe Artichokes Market - By Category
Europe Artichokes Market - By Product Type
Europe Artichokes Market - By End Use
Europe Artichokes Market - By Country
Europe Artichokes Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,458.22 Million |
| Market Size by 2028 | US$ 1,877.14 Million |
| CAGR (2021 - 2028) | 3.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Category
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Artichokes Market is valued at US$ 1,458.22 Million in 2021, it is projected to reach US$ 1,877.14 Million by 2028.
As per our report Europe Artichokes Market, the market size is valued at US$ 1,458.22 Million in 2021, projecting it to reach US$ 1,877.14 Million by 2028. This translates to a CAGR of approximately 3.7% during the forecast period.
The Europe Artichokes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Artichokes Market report:
The Europe Artichokes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Artichokes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Artichokes Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Artichokes Market
