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Europe Artichokes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Category, Product Type, and End Use

Europe Artichokes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Category, Product Type, and End Use

  • August 2021
  • 117 pages
  • ID: 6134268
  • Format: PDF
  • The Insight Partners

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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 register a CAGR of 3.7% from 2021 to 2028.

Artichokes are loaded with a number of essential nutrients such as vitamins, minerals, and dietary fiber that help cure several diseases and boost the immune system.However, incorporating artichokes in edible foods is quite a tedious process, as involves significant efforts to clean, cook, and then include in homemade recipes or dishes.

Also, the taste of artichokes is bitter and thus requires a lot of other ingredients, such as herbs and spices, to balance and enhance the flavors.This process results in the loss of nutrients to an extent.

Artichokes are also used to prepare herbal liqueur.On the contrary, preparing liqueur from artichokes is quite easy, time-saving, and cost-effective method.

For instance, Campari Group Italy-based liqueur manufacturer, produce and distribute Cynar, a herbal liqueur majorly produced from artichoke with 13 other herbs and plants. Apart from this, artichokes are used to prepare a number of cocktails in countries such as Italy and Spain where the production is higher than other countries. Unique and exotic flavor, digestive and aphrodisiac characteristics of artichokes attract manufacturers to produce artichoke-based beverages. Not only liqueur manufacturers but consumers are also trying to make nonalcoholic beverages such as herbal tea, cordials, or tonics at home to utilize the medicinal properties of artichokes. Owing to the growing demand for artichokes in beverages, manufacturers have started to focus on the development of new and innovative products. Therefore, the growing consumption of artichoke-based beverages in restaurants, bars, and households is expected to drive market growth in Europe.

Currently, the UK and Russia are the hardest-hit countries by the COVID-19 pandemic in Europe, c.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 foodservice and retail sectors 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.

The food processing segment led the Europe artichokes market, based on end use, in 2020.Artichokes are significantly demanded across the food processing industry.

They are used to produce canned, frozen, and pickled artichokes.They are mostly used in the preparation of various cuisines, such as salads and pasta.

They are also used in dips, tarts, and as toppings in pizza.They are boiled, steamed, grilled, or roasted with sauces and flavors to make a variety of dishes.

There are various traditional and authentic artichokes home recipes. Apart from this, artichokes are used in many street foods in countries across the region. Artichokes can be widely used as toppings and add flavors, as well as have health benefits.

The overall Europe artichokes market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the Europe artichokes market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe artichokes market. 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 are among a few players operating in the Europe artichokes market.

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