According to the latest report by IMARC Group, titled “Avocado Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the avocado processing market share.
The global avocado processing market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028. Avocado represents the fruit that is extensively used in the preparation of several dishes, such as wraps, salads, sandwiches, etc. It has a mild flavor and rich as well as creamy texture. Avocado is an excellent source of essential nutrients, including potassium, lecithin, beta carotene, minerals, proteins, monounsaturated omega-9 fatty acids, vitamins A, D, and E, etc. In line with this, it aids in maintaining cholesterol levels, improving heart health, regulating digestion, etc. As avocado possesses antioxidant and anti-inflammatory properties, its application on the skin assists in treating acne, preventing blemishes, calming itchiness, increasing collagen metabolism, healing chapped skin, shielding the skin from ultraviolet damage, etc. Consequently, avocado is widely used in the manufacturing of various personal care products.
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Global Avocado Processing Market Trends:
The rising consumer inclination towards global cuisines, on account of the inflating disposable income levels, is primarily driving the avocado processing market. Additionally, the expanding food and beverage (F&B) industry is further catalyzing the market growth. Besides this, the widespread adoption of avocado oil in household and commercial settings, owing to its high concentration of beneficiary fatty acids, is acting as another significant growth-inducing factor. Moreover, the emerging trend of personal grooming is augmenting the demand for organic skincare products that contain avocado as an essential ingredient. Apart from this, the growing popularity of frozen avocado and avocado sauce and the elevating utilization of processed and convenience food items are also positively influencing the global market. Furthermore, the increasing number of organized online retail channels is anticipated to fuel the avocado processing market over the forecasted period.
Avocado Processing Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- Wholly
- Yucatan
- Sabra
- PL
- Calvio
- Salud Food Group
- Olivado Group
- Spectrum organics
- Grupo Industrial Batellero
- Sesajal
- The Village Press
Key Market Segmentation:
The report has segmented the global avocado processing market on the basis of product type, application, distribution channel and region.
Breakup by Product Type:
- Guacamole
- Avocado Oil
- Frozen Avocado
- Avocado Sauce
- Others
Breakup by Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/avocado-processing-market
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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