Global Artichokes Market Is Anticipated To Witness Growth Due To Rising Awareness Regarding Health Benefits Of Artichokes And Growing Spending On Organic Supplements

 

Overview:

Artichokes are delicious vegetables that can be eaten raw, cooked, or added to soups, salads, and dips. They are a native to the Mediterranean region and are widely cultivated in many countries. Artichokes are best harvested in the spring and fall. Their heart is a very prized part of the plant. This part is edible and it can be a little bitter. Artichokes are steamed, grilled, or breaded. These methods will soften the texture of the artichoke. Artichokes are a rich source of folate and are a moderate source of phosphorus. They contain flavonoids, luteolin, and glycosides. These compounds have shown beneficial effects on a wide range of diseases, including breast cancer.

Market Dynamics:  

Increasing product launches is estimated to augment growth of the global artichokes market during the forecast period. For instance, Waphyto launched three body oils especially for the winter season in September 2021. Enhance Body Oil, Unwind Body Oil and Balance Body Oil are the three oil formulas that use phyto extracts, grapeseed oil, artichoke leaf, chia leaf, Japanese knotweed root and licorice root. Moreover, growing seasonal dependency for production is anticipated to restrain growth of the global Artichokes Market during the forecast period.

Impact of COVID-19:

COVID-19 had a drastic impact on several businesses across the world. Many companies were shut down due to lockdowns measures and social distancing norms. This led to decreased demand from consumers. The food industry also suffered due to these restrictions. Strict government restrictions led to banning import and export activities around the world. Supply chains were disrupted and manufacturing activities were also halted. The crop is a lower yield and high labor induced, lockdown restrictions hampered its production, as there was a shortage of manpower. This hampered the growth of the global artichokes market.

Key Takeaways:

The global artichokes market is estimated to witness robust growth, exhibiting CAGR of XX% during the forecast period, owing to increasing research and developmental activities. For instance, a new researched backed fruit was launched by Euromed in March 2020. This product is eco-friendly and plant based food supplement and it contains Cynamed, artichoke extract.

Europe is anticipated to witness significant growth in the global artichokes market over the forecast period, due to growing consumption and increasing demand from emerging economies in the region.

Major players operating in the global artichokes market are Danda Global Trade, Master Fruit SRL, Sirri Ustundag, Jawhara Foods, Caprichos Del Paladar, and Hijos De Joaquín Rodríguez SL.