artichoke extract market analysis, artichoke extract market forecast, artichoke extract market research, artichoke extract market trends, artichoke extract market share, artichoke extract market scope
What are the recent trends in market size and growth for the artichoke extract market?
The artichoke extract market size has grown strongly in recent years. It will grow from $2.89 billion in 2024 to $3.06 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increasing demand for natural supplements, growing awareness of health benefits, expansion of the herbal medicine market, rise in research on phytochemicals, and dietary trends favoring antioxidant-rich foods.
The artichoke extract market size is expected to see strong growth in the next few years. It will grow to $3.77 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the expansion of the nutraceutical industry, the aging population seeking liver health products, the adoption of herbal remedies, increased focus on digestive health, and rising consumer preference for organic ingredients. Major trends in the forecast period include advanced extraction techniques, nanoencapsulation for enhanced bioavailability, application of biotechnology in cultivation, precision farming methods, and development of sustainable packaging.
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How have varous drivers impacted the growth of the artichoke extract market?
The rising preference for natural and functional ingredients is expected to propel the growth of the artichoke extract market going forward. Natural and functional ingredients refer to substances derived from natural sources that provide specific health benefits beyond basic nutrition, often used in food, supplements, and cosmetics. There is a rising preference for natural and functional ingredients due to increasing consumer awareness of health benefits, a desire for transparency in product sourcing, and concerns about synthetic additives. Artichoke extract is utilized in natural and functional ingredients for its potential health benefits, including liver support, digestive aid, and antioxidant properties, appealing to consumers seeking natural remedies for wellness and dietary supplementation. For instance, in June 2022, according to a survey published by the Organic Trade Association (OTA), a US-based business association for the organic industry, it was revealed that organic industry sales surpassed $63 billion, with $1.4 billion (2%) in total growth over the preceding year. Additionally, organic food, which accounted for over 90% of organic product sales, experienced 2% growth, reaching $57.5 billion. Therefore, the rising preference for natural and functional ingredients is driving the growth of the artichoke extract market.
What are the primary segments of the artichoke extract market?
The artichoke extract market covered in this report is segmented –
1) By Type: Powder, Liquid
2) By Form: Fresh, Frozen, Canned
3) By Distribution Channel: Direct Sales, Indirect Sales
4) By Application: Food And Beverages, Personal Care, Dietary Supplements, Cosmetic Industry
Subsegments:
1) By Powder: Organic Artichoke Powder, Conventional Artichoke Powder
2) By Liquid: Standardized Liquid Extract, Concentrated Liquid Extract
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Which firms are leading the artichoke extract market?
Major companies operating in the artichoke extract market are Croda International Plc, iHerb LLC, Now Health Group, Enzymedica, Jarrow Formulas Inc., Nature’s Way Products LLC, Gaia Herbs Inc., Bio-Botanica Inc., Nutricost, Indena S.p.A., Naturalin Bio-Resources Co., Ltd., Martin Bauer Group, Bulk Supplements, Jiaherb Inc., Nutra Green Biotechnology Co. Ltd., Hawaii Pharm LLC, Hunan Huakang Biotech Inc., Hunan NutraMax Inc., DolCas Biotech, OstroVit
How will industry trends affect the trajectory of the artichoke extract market?
Major companies operating in the artichoke extract market are focusing on shifting toward new formulations and delivery formats, such as innovative health supplements combining artichoke extract with other natural ingredients, to gain a competitive edge in the market. Health supplements combining artichoke extract with other natural ingredients are dietary products formulated to enhance health benefits through synergistic effects. For instance, In May 2024, Enzymedica, a U.S.-based pioneer in dietary supplements manufacturing, has launched Fasting Today. Fasting Today is a new drink mix created to meet the nutritional needs of people who practice intermittent fasting. It contains three important ingredients: electrolytes, fiber, and amino acids. Enzymedica made Fasting Today to help those on time-restricted diets by providing essential nutrients while they fast. This drink mix is specially designed not to break a fast. It includes baobab fiber to reduce hunger, essential amino acids to support muscle health and body composition, and a balanced mix of electrolytes to keep you hydrated and help your body function well, including support for heart and brain health.
Which geographic trends are shaping the artichoke extract market, and which region has the highest market share?
Europe was the largest region in the artichoke extract market in 2024. The regions covered in the artichoke extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Artichoke Extract Market Report 2025 Offer?
The artichoke extract market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Artichoke extract is derived from the Cynara scolymus plant, commonly known as the globe artichoke. It is rich in bioactive compounds such as cynarin, luteolin, and chlorogenic acid. This extract is known for its antioxidant, liver-protective, and cholesterol-lowering properties. It is often used in dietary supplements to support digestive health and improve liver function.
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