Market Size of Artichokes Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.9 Billion |
| Market Size (2029) | USD 3.20 Billion |
| CAGR (2024 - 2029) | 3.01 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Artichokes Market Analysis
The Artichokes Market size is estimated at USD 2.9 billion in 2024, and is expected to reach USD 3.20 billion by 2029, at a CAGR of 3.01% during the forecast period (2024-2029).
- Artichokes, known for their richness in fiber, vitamins, and antioxidants, have become essential for health-conscious consumers. Their benefits, including liver support, digestive aid, and cholesterol reduction, have further amplified global demand. Moreover, artichokes' versatility is evident as they feature in a wide array of dishes, from appetizers and salads to pizzas and dips. Their deep-rooted popularity in Mediterranean cuisine, combined with a rising appreciation in emerging markets, highlights the escalating demand.
- Italy, Spain, and Egypt benefiting from favorable climates, led the world in artichoke production. California, in the United States, stands out as another significant producer. For instance, according to FAOSTAT, Italy artichoke production jumped from 367,080 metric tons in 2020 to 378,110 metric tons in 2022. Furthermore, as key producers such as Italy and Spain enhance their supply chains and prioritize exports, the global availability of artichokes has surged, catering to the increasing demand in regions like North America and Europe.
- The rising consumer inclination towards organic and sustainably cultivated food is bolstering the artichoke market. A significant number of consumers are ready to pay a premium for organic artichokes, which not only champions a transition to eco-friendly farming methods but also fuels the market's growth. Additionally, this willingness to invest more in organic and sustainably sourced artichokes opens up a profitable avenue for producers catering to this demand. Such premium pricing not only benefits farmers but also incentivizes them to embrace sustainable practices, further amplifying the demand for organically grown artichokes.
Artichokes Industry Segmentation
Artichokes, scientifically recognized as Cynara cardunculus var. scolymus, belong to the thistle family and are cultivated primarily for their edible flower buds. These buds feature tough, pointed outer leaves (bracts) encasing a tender heart and a fuzzy, inedible core known as the choke, especially in mature buds. Predominantly featured in Mediterranean cuisine, artichokes are cherished for their nutty flavor and subtle sweetness. The Artichokes market report is segmented by Geography ( North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The information includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), Price Trend Analysis, and Value Chain Analysis. The report offers the market size and forecasts in terms of volume (Metric tons) and value (USD) for all the above segments.
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Artichokes Market Size Summary
The artichokes market is experiencing steady growth, driven by a consistent demand and production across key regions. The harvesting season spans from August to May, with peak periods in October, November, March, and April. The Green Globe variety stands out as the most popular globally. Italy, Egypt, and Spain are the leading producers, collectively accounting for a significant portion of global consumption. These countries, along with Peru, Algeria, and Argentina, dominate the production landscape, highlighting their crucial role in the market. Europe plays a pivotal role in the importation of artichokes, with countries like France, Italy, Belgium, Germany, and Switzerland leading the charge. This trend underscores the importance of these nations in the global artichoke supply chain.
The global artichoke production has seen a notable increase over recent years, reflecting a growing interest and investment in this sector. The production figures from 2016 to 2018 illustrate a robust upward trajectory, with major producing countries consistently contributing to the global supply. The import dynamics in Europe further emphasize the region's significance in the artichoke market, with France being a major importer, sourcing primarily from Spain, Italy, and the UK. This intricate web of production and importation highlights the interconnected nature of the artichoke market, where key players in both production and consumption are essential for sustaining growth and meeting global demand.
Artichokes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Health Awareness
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1.2.2 Growth in Mediterranean Diet Popularity
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1.2.3 Increased Export Opportunities
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1.3 Market Restraints
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1.3.1 Seasonal and Regional Production
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1.3.2 Short Shelf Life
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.1.1 Production Analysis
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2.1.1.1.2 Consumption Analysis and Market Value
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2.1.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.1.5 Price Trend Analysis
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2.1.1.2 Canada
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2.1.1.2.1 Production Analysis
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2.1.1.2.2 Consumption Analysis and Market Value
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2.1.1.2.3 Import Market Analysis (Volume and Value)
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2.1.1.2.4 Export Market Analysis (Volume and Value)
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2.1.1.2.5 Price Trend Analysis
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2.1.2 Europe
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2.1.2.1 France
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2.1.2.1.1 Production Analysis
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2.1.2.1.2 Consumption Analysis and Market Value
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2.1.2.1.3 Import Market Analysis (Volume and Value)
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2.1.2.1.4 Export Market Analysis (Volume and Value)
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2.1.2.1.5 Price Trend Analysis
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2.1.2.2 Italy
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2.1.2.2.1 Production Analysis
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2.1.2.2.2 Consumption Analysis and Market Value
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2.1.2.2.3 Import Market Analysis (Volume and Value)
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2.1.2.2.4 Export Market Analysis (Volume and Value)
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2.1.2.2.5 Price Trend Analysis
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2.1.2.3 Belgium
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2.1.2.3.1 Production Analysis
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2.1.2.3.2 Consumption Analysis and Market Value
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2.1.2.3.3 Import Market Analysis (Volume and Value)
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2.1.2.3.4 Export Market Analysis (Volume and Value)
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2.1.2.3.5 Price Trend Analysis
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2.1.2.4 Spain
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2.1.2.4.1 Production Analysis
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2.1.2.4.2 Consumption Analysis and Market Value
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2.1.2.4.3 Import Market Analysis (Volume and Value)
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2.1.2.4.4 Export Market Analysis (Volume and Value)
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2.1.2.4.5 Price Trend Analysis
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.1.1 Production Analysis
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2.1.3.1.2 Consumption Analysis and Market Value
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2.1.3.1.3 Import Market Analysis (Volume and Value)
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2.1.3.1.4 Export Market Analysis (Volume and Value)
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2.1.3.1.5 Price Trend Analysis
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2.1.3.2 Australia
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2.1.3.2.1 Production Analysis
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2.1.3.2.2 Consumption Analysis and Market Value
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2.1.3.2.3 Import Market Analysis (Volume and Value)
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2.1.3.2.4 Export Market Analysis (Volume and Value)
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2.1.3.2.5 Price Trend Analysis
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2.1.3.3 India
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2.1.3.3.1 Production Analysis
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2.1.3.3.2 Consumption Analysis and Market Value
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2.1.3.3.3 Import Market Analysis (Volume and Value)
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2.1.3.3.4 Export Market Analysis (Volume and Value)
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2.1.3.3.5 Price Trend Analysis
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2.1.4 South America
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2.1.4.1 Peru
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2.1.4.1.1 Production Analysis
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2.1.4.1.2 Consumption Analysis and Market Value
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2.1.4.1.3 Import Market Analysis (Volume and Value)
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2.1.4.1.4 Export Market Analysis (Volume and Value)
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2.1.4.1.5 Price Trend Analysis
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2.1.4.2 Argentina
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2.1.4.2.1 Production Analysis
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2.1.4.2.2 Consumption Analysis and Market Value
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2.1.4.2.3 Import Market Analysis (Volume and Value)
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2.1.4.2.4 Export Market Analysis (Volume and Value)
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2.1.4.2.5 Price Trend Analysis
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2.1.5 Middle East And Africa
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2.1.5.1 United Arab Emirates
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2.1.5.1.1 Production Analysis
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2.1.5.1.2 Consumption Analysis and Market Value
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2.1.5.1.3 Import Market Analysis (Volume and Value)
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2.1.5.1.4 Export Market Analysis (Volume and Value)
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2.1.5.1.5 Price Trend Analysis
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2.1.5.2 Saudi Arabia
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2.1.5.2.1 Production Analysis
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2.1.5.2.2 Consumption Analysis and Market Value
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2.1.5.2.3 Import Market Analysis (Volume and Value)
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2.1.5.2.4 Export Market Analysis (Volume and Value)
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2.1.5.2.5 Price Trend Analysis
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2.1.5.3 Turkey
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2.1.5.3.1 Production Analysis
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2.1.5.3.2 Consumption Analysis and Market Value
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2.1.5.3.3 Import Market Analysis (Volume and Value)
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2.1.5.3.4 Export Market Analysis (Volume and Value)
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2.1.5.3.5 Price Trend Analysis
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2.1.5.4 Algeria
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2.1.5.4.1 Production Analysis
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2.1.5.4.2 Consumption Analysis and Market Value
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2.1.5.4.3 Import Market Analysis (Volume and Value)
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2.1.5.4.4 Export Market Analysis (Volume and Value)
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2.1.5.4.5 Price Trend Analysis
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2.1.5.5 Egypt
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2.1.5.5.1 Production Analysis
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2.1.5.5.2 Consumption Analysis and Market Value
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2.1.5.5.3 Import Market Analysis (Volume and Value)
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2.1.5.5.4 Export Market Analysis (Volume and Value)
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2.1.5.5.5 Price Trend Analysis
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Artichokes Market Size FAQs
How big is the Artichokes Market?
The Artichokes Market size is expected to reach USD 2.9 billion in 2024 and grow at a CAGR of 3.01% to reach USD 3.20 billion by 2029.
What is the current Artichokes Market size?
In 2024, the Artichokes Market size is expected to reach USD 2.9 billion.
