The global demand for Avocado Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Avocado, also called the butter fruit, is a large berry with a substantial amount of healthy monounsaturated fatty acids and a good potassium source. This self-pollinating climacteric fruit is commercially valuable and is cultivated in tropical and Mediterranean climates throughout the world. This fruit’s various health benefits are improved digestion, lowers cholesterol /triglycerides, relieves arthritis symptoms, decreases the risk of depression, is loaded with antioxidants, improves heart health, and protects against cancer. The fruit, leaves, and seeds of this plant are used to make medicine. Avocado oil and its husk are commonly used in cosmetics due to the high vitamin E content and emollient properties. Seedless avocados and different variants of the fruit are available in the market as well.
The international popularity of the avocado dip, guacamole, and the rising awareness about the numerous health benefits of the fruit will be the critical drivers for this market’s growth. Growing concern for a healthier lifestyle and the importance of consuming natural foods will boost market growth. Avocado, being labeled a superfood and its use in jellies, jams, juices, dips, etc. being introduced across various cuisines, will be a market booster. The increased use of avocado in cosmetics and pharmaceutical products will further propel market growth. Increased investments in the production and export of avocado will stimulate market growth. The main challenge hampering the development of this market is the highly perishable nature of avocado.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of avocado.
The entire avocado market has been sub-categorized into form, nature and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Use
- Food Industry
- Cosmetic Industry
This section covers regional segmentation which accentuates on current and future demand for avocado market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Avocado Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the avocado market include McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks TropicalS Holdings, Inc., Salud Foodgroup Europe B.V., Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.