Global Avocado Processing Market, By Product Type (Guacamole, Avocado Oil, Frozen Avocado, Avocado Sauce, Others), Application (Food and Beverages, Cosmetics, Pharmaceuticals, Others), – Industry Trends and Forecast to 2029.
Market Analysis and Size
The avocado processing market is primarily driven by the health benefits they provide. As a result, the market witnessed rapid growth in its application, as they are now used in almost every industry, from food and beverage to medicines and animal feed, as well as personal care products
Data Bridge Market Research analyses that the avocado processing market which was valued at USD 2.07 billion in 2021 is expected to reach the value of USD 4.03 billion by 2029, at a CAGR of 8.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Guacamole, Avocado Oil, Frozen Avocado, Avocado Sauce, Others), Application (Food and Beverages, Cosmetics, Pharmaceuticals, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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MegaMex Foods, LLC. (U.S.), Yucatan Foods (U.S.), SABRA DIPPING CO., LLC (U.S.), Salud Food group Europe B.V. (Netherlands), Olivado Trust (New Zealand), SPECTRUM ORGANIC PRODUCTS, LLC (U.S.), Grupo Industrial Batellero S.a. De C.v. (Mexico), SESAJAL S.A. de C.V. (Mexico), The Village Press (U.S.)
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Opportunities
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Market Definition
The avocado fruit is indigenous to South Central Mexico and is spherical or pear-shaped, with a single large seed. Due to its high oil content, avocado is used to make baked goods (such as cakes), fine soup mixes, appetizers, and cosmetics (oils, skin lotions, soaps, shampoos, and so on). Avocado can be processed into a variety of products, including guacamole, avocado oils, avocado sauce, frozen products, and so on.
Drivers:
- Increasing public awareness of avocados' health benefits and growing international cuisines trend.
Avocado consumption is increasing globally as a result of the increasing trend of westernisation of food patterns and acceptance of different cuisines, as well as a growing middle-class population. Furthermore, the nutritional and health benefits of avocado consumption drive its demand. Avocado contains oleic acid, which lowers cholesterol, improves heart health, acts as an antioxidant, improves skin, speeds wound healing, and neutralises free radicals.
- Change in consumer preference from traditional oils to a more healthy alternative
Manufacturers are implementing cutting-edge technological solutions to improve the nutritional quality of edible oils, which is expected to drive up demand. Furthermore, the expansion of the global retail sector, combined with an increase in consumer disposable income, is expected to positively impact edible oil production and distribution worldwide. The growing global population's exponentially increasing demand for edible oils is expected to drive the growth of the global avocado processing market in the near future.
Opportunity
Consumer spending on natural-ingredient products has increased significantly. The trend has boosted sales of avocado-containing consumer goods. Beauty products with anti-aging properties are becoming increasingly popular. Avocado oil is well-known for its high concentration of anti-oxidant chemicals, which protect the skin from damage and aid in the reduction of wrinkles. Rising sales of natural beauty products and consumer preference for avocado ingredients in cosmetics support the use of avocado extracts in cosmetics.
Restraints
On the other hand, Avocado can cause anaphylactic reactions, which can cause oral swelling, hives, difficulty breathing, or difficulty swallowing. Women should avoid eating the fruit while pregnant or breast-feeding because it may reduce milk production. Furthermore, avocado fruit prices are higher than bananas, apples, and grapefruit, among the major factors that impede global market growth.
This avocado processing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the avocado processing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Avocado Processing Market
Despite an extraordinarily rapid decline in global economic activity and international transportation, the global supply and demand for avocado experienced COVID-19 pandemic-related disruptions and contractions through several transmission channels. On the supply side, physical distancing measures had a more immediate impact on the relatively labour-intensive production and trade of avocado. Due to their high perishability, avocados necessitate timely and well-coordinated harvesting, post-harvest handling, and continuous cold chains. Delays in supply chains were especially problematic for avocados because of shrinkage in transport during pandemic-induced lockdowns, which affected product quality and reduced the weight and value of shipments received by importing countries.
Global Avocado Processing Market Scope
The avocado processing market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Guacamole
- Avocado Oil
- Frozen Avocado
- Avocado Sauce
- Others
Application
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Avocado Processing Market Regional Analysis/Insights
The avocado processing market is analysed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the avocado processing market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the avocado processing market due to Mexico's largest share and consumption of avocado, while Asia-Pacific is expected to grow from 2022 to 2029 due to the region's prevalence of improved distribution channels.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Avocado Processing Market Share Analysis
The avocado processing market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to avocado processing market.
Some of the major players operating in the avocado processing market are:
- MegaMex Foods, LLC. (U.S.)
- Yucatan Foods (U.S.)
- SABRA DIPPING CO., LLC (U.S.)
- Salud Food group Europe B.V. (Netherlands)
- Olivado Trust (New Zealand)
- SPECTRUM ORGANIC PRODUCTS, LLC (U.S.)
- Grupo Industrial Batellero S.a. De C.v. (Mexico)
- SESAJAL S.A. de C.V. (Mexico)
- The Village Press (U.S.)
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