According to the latest report by IMARC Group, titled “Avocado Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global avocado processing market size reached US$ 2.07 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.16 Billion by 2027, exhibiting at a CAGR of 7.2% during 2022-2027.
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 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the avocado processing market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Salud Food Group
- Olivado Group
- Spectrum organics
- Grupo Industrial Batellero
- 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:
- Avocado Oil
- Frozen Avocado
- Avocado Sauce
Breakup by Application:
- Food and Beverages
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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.
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