Europe Artichokes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Category (Organic and Conventional), Product Type (Globe Artichokes and Elongated Artichokes), and End Use (Food Processing, Direct Consumption, Beverages Processing, and Others)
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.
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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
- To understand the Europe artichokes market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe artichokes market
- Efficiently plan M&A and partnership deals in Europe artichokes market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe artichokes market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Artichokes Market Segmentation
Europe Artichokes Market - By Category
- Organic
- Conventional
Europe Artichokes Market - By Product Type
- Globe Artichokes
- Elongated Artichokes
Europe Artichokes Market - By End Use
- Food Processing
- Direct Consumption
- Beverages Processing
- Others
Europe Artichokes Market - By Country
- Germany
- France
- UK
- Italy
- Spain
- Turkey
- Rest of Europe
Europe Artichokes Market - Company Profiles
- 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.
- Societa Semplice Agricola F.lli Piras
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Artichokes Market, by Category
1.3.2 Europe Artichokes Market, by Product Type
1.3.3 Europe Artichokes Market, by End Use
1.3.4 Europe Artichokes Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Artichokes Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Expert Opinions
5. Europe Artichokes Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing health benefits associated with artichokes.
5.1.2 Rising demand of artichokes from beverages industry
5.2 Key Market Restraints
5.2.1 Seasonal availability and concentrated production of artichokes
5.3 Key Market Opportunities
5.3.1 Ongoing biomedical research & development related to artichokes leaf extract
5.4 Future Trends
5.4.1 Growing demand for organic & natural personal care products
5.5 Impact Analysis of Drivers And Restraints
6. Artichokes Market – Europe Analysis
6.1 Europe Artichokes Market Overview
6.2 Europe Artichokes Market Forecast And Analysis
7. Europe Artichokes Market Analysis – By Category
7.1 Overview
7.2 Europe Artichokes Market Breakdown, By Category, 2020 & 2028
7.3 Conventional
7.3.1 Conventional: Artichokes Market Revenue Forecast to 2028 (US$ Mn)
7.4 Organic
7.4.1 Organic: Artichokes Market Revenue Forecast to 2028 (US$ Mn)
8. Europe Artichokes Market Analysis – By Product Type
8.1 Overview
8.2 Europe Artichokes Market Breakdown, By Product Type, 2020 & 2028
8.3 Globe Artichokes
8.3.1 Globe Artichokes: Market Revenue Forecast to 2028 (US$ Mn)
8.4 Elongated Artichokes
8.4.1 Elongated Artichokes: Market Revenue Forecast to 2028 (US$ Mn)
9. Europe Artichokes Market Analysis – By End Use
9.1 Overview
9.2 Europe Artichokes Market Breakdown, By End Use, 2020 & 2028
9.3 Food Processing
9.3.1 Food Processing: Artichokes Market Revenue Forecasts To 2028 (US$ Mn)
9.4 Direct Consumption
9.4.1 Direct Consumption: Artichokes Market Revenue Forecast to 2028 (US$ Mn)
9.5 Beverage Processing
9.5.1 Beverages Processing: Artichokes Market Revenue Forecasts To 2028 (US$ Mn)
9.6 Others
9.6.1 Others: Artichokes Market Revenue Forecasts To 2028 (US$ Mn)
10. Europe Artichokes Market – Country Analysis
10.1 Overview
10.1.1 Europe Artichokes Market Breakdown, by Country
10.1.1.1 Germany Artichokes Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.1.1 Germany Artichokes Market Breakdown, by Category
10.1.1.1.2 Germany Artichokes Market Breakdown, by Product Type
10.1.1.1.3 Germany Artichokes Market Breakdown, by End Use
10.1.1.2 France Artichokes Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.2.1 France Artichokes Market Breakdown, by Category
10.1.1.2.2 France Artichokes Market Breakdown, by Product Type
10.1.1.2.3 France Artichokes Market Breakdown, by End Use
10.1.1.3 United Kingdom Artichokes Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.3.1 United Kingdom Artichokes Market Breakdown, by Category
10.1.1.3.2 United Kingdom Artichokes Market Breakdown, by Product Type
10.1.1.3.3 United Kingdom Artichokes Market Breakdown, by End Use
10.1.1.4 Italy Artichokes Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.4.1 Italy Artichokes Market Breakdown, by Category
10.1.1.4.2 Italy Artichokes Market Breakdown, by Product Type
10.1.1.4.3 Italy Artichokes Market Breakdown, by End Use
10.1.1.5 Spain Artichokes Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.5.1 Spain Artichokes Market Breakdown, by Category
10.1.1.5.2 Spain Artichokes Market Breakdown, by Product Type
10.1.1.5.3 Spain Artichokes Market Breakdown, by End Use
10.1.1.6 Turkey Artichokes Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.6.1 Turkey Artichokes Market Breakdown, by Category
10.1.1.6.2 Turkey Artichokes Market Breakdown, by Product Type
10.1.1.6.3 Turkey Artichokes Market Breakdown, by End Use
10.1.1.7 Rest of Europe Artichokes Market Revenue and Forecast to 2028 (US$ Mn)
10.1.1.7.1 Rest of Europe Artichokes Market Breakdown, by Category
10.1.1.7.2 Rest of Europe Artichokes Market Breakdown, by Product Type
10.1.1.7.3 Rest of Europe Artichokes Market Breakdown, by End Use
11. Impact of COVID-19 on Europe Artichokes Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Partnership
12.2 New Development
13. Company Profiles
13.1 Caprichos del Paladar
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Agro T18 Italia Srl
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Master Fruit SRL
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sa Marigosa Società Consortile a r.l.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Ocean Mist
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ole
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Herrawi Group
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Societa Semplice Agricola F.lli Piras
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Campo de Lorca
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Artichokes Market Revenue and Forecasts To 2028 (US$ Mn)
Table 2. Germany Artichokes Market Revenue and Forecasts To 2028 – By Category (US$ Mn)
Table 3. Germany Artichokes Market Revenue and Forecasts To 2028 – By Product Type (US$ Mn)
Table 4. Germany Artichokes Market Revenue and Forecasts To 2028 – By End Use (US$ Mn)
Table 5. France Artichokes Market Revenue and Forecasts To 2028 – By Category (US$ Mn)
Table 6. France Artichokes Market Revenue and Forecasts To 2028 – By Product Type (US$ Mn)
Table 7. France Artichokes Market Revenue and Forecasts To 2028 – By End Use (US$ Mn)
Table 8. United Kingdom Artichokes Market Revenue and Forecasts To 2028 – By Category (US$ Mn)
Table 9. United Kingdom Artichokes Market Revenue and Forecasts To 2028 – By Product Type (US$ Mn)
Table 10. United Kingdom Artichokes Market Revenue and Forecasts To 2028 – By End Use (US$ Mn)
Table 11. Italy Artichokes Market Revenue and Forecasts To 2028 – By Category (US$ Mn)
Table 12. Italy Artichokes Market Revenue and Forecasts To 2028 – By Product Type (US$ Mn)
Table 13. Italy Artichokes Market Revenue and Forecasts To 2028 – By End Use (US$ Mn)
Table 14. Spain Artichokes Market Revenue and Forecasts To 2028 – By Category (US$ Mn)
Table 15. Spain Artichokes Market Revenue and Forecasts To 2028 – By Product Type (US$ Mn)
Table 16. Spain Artichokes Market Revenue and Forecasts To 2028 – By End Use (US$ Mn)
Table 17. Turkey Artichokes Market Revenue and Forecasts To 2028 – By Category (US$ Mn)
Table 18. Turkey Artichokes Market Revenue and Forecasts To 2028 – By Product Type (US$ Mn)
Table 19. Turkey Artichokes Market Revenue and Forecasts To 2028 – By End Use (US$ Mn)
Table 20. Rest of Europe Artichokes Market Revenue and Forecasts To 2028 – By Category (US$ Mn)
Table 21. Rest of Europe Artichokes Market Revenue and Forecasts To 2028 – By Product Type (US$ Mn)
Table 22. Rest of Europe Artichokes Market Revenue and Forecasts To 2028 – By End Use (US$ Mn)
Table 23. Glossary of Term
LIST OF FIGURES
Figure 1. Europe Artichokes Market Segmentation
Figure 2. Country Segmentation of Europe Artichokes Market
Figure 3. Europe Artichokes Market Overview
Figure 4. Food Processing Held Larger Share of Europe Artichokes Market in 2020
Figure 5. Italy dominated the Europe Artichokes Market in 2020
Figure 6. Porter ‘s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Artichokes Market Impact Analysis of Driver and Restraints
Figure 9. Europe Artichokes Market Forecast and Analysis, (US$ Mn)
Figure 10. Europe Artichokes Market Breakdown, By Category, 2020 & 2028 (%)
Figure 11. Europe Conventional: Artichokes Market Revenue Forecast To 2028 (US$ Mn)
Figure 12. Europe Organic: Artichokes Market Revenue Forecast To 2028 (US$ Mn)
Figure 13. Europe Artichokes Market Breakdown, By Product Type, 2020 & 2028 (%)
Figure 14. Europe Globe Artichokes: Market Revenue Forecast To 2028 (US$ Mn)
Figure 15. Europe Elongated Artichokes: Market Revenue Forecast To 2028 (US$ Mn)
Figure 16. Europe Artichokes Market Breakdown, By End Use, 2020 & 2028 (%)
Figure 17. Europe Food Processing: Artichokes Market Revenue Forecasts To 2028 (US$ Mn)
Figure 18. Europe Direct Consumption: Artichokes Market Revenue Forecast To 2028 (US$ Mn)
Figure 19. Europe Beverages Processing: Artichokes Market Revenue Forecasts To 2028 (US$ Mn)
Figure 20. Europe Others: Artichokes Market Revenue Forecasts To 2028 (US$ Mn)
Figure 21. Europe: Artichokes Market, by Key Country- Revenue (2020) (USD Million)
Figure 22. Europe Artichokes Market Breakdown, by Country, 2020 & 2028 (%)
Figure 23. Germany Artichokes Market Forecasts To 2028 (US$ Mn)
Figure 24. France Artichokes Market Forecasts To 2028 (US$ Mn)
Figure 25. United Kingdom Artichokes Market Forecasts To 2028 (US$ Mn)
Figure 26. Italy Artichokes Market Forecasts To 2028 (US$ Mn)
Figure 27. Spain Artichokes Market Forecasts To 2028 (US$ Mn)
Figure 28. Turkey Artichokes Market Forecasts To 2028 (US$ Mn)
Figure 29. Rest Of Europe Artichokes Market Forecasts To 2028 (US$ Mn)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets
- 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.
- Societa Semplice Agricola F.lli Piras
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