Avocado Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Avocado Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Food and Beverages

Report Digest

Global Avocado Market: Overview

Health benefits of avocado have propelled interest in nutritionists and health professionals. The fruit has attracted a huge market among health-conscious populations worldwide as a versatile fruit. They are predominantly grown in tropical climates. Compared to several other fruits and vegetables, avocadoes are excellent source of good fats-- healthy monounsaturated fatty acids--and a wide range of minerals and vitamins in generous amounts. The range includes folic acid and vitamins B6, C, K, and E. Their demands have especially due to its role in managing blood pressure, regulating metabolism, and improving the function of liver. The antioxidant property of avocadoes have also brought more people to explore the avocado market. Explosion of information ranging on how to cut the fruit to how to merge avocado in variety of healthy recipes has helped expand the evolution of the avocado market. Growing use of avocado in smoothies is an example. Further, they are a great source of dietary fiber.

Global Avocado Market: Growth Dynamics

Widespread pursuit of including fruits in eating regimens to manage cardiovascular health is one of the compelling propositions for new demands in the avocado market. Avocadoes are gathering steam as potassium-rich foods in reducing the risk of heart attacks and strokes. Their antioxidant activity has bolstered demands to meet the need for natural foods to fight against cataracts, and various serious eye diseases particularly, age-related macular degeneration.

Cosmetics and personal care companies have been keen on utilizing the nutritional benefits of this fruit in skin care and hair care. Growing numbers of hair and skin masks that contain avocadoes point to the popularity. Over the past few years, imports of avocadoes have flourished on the back of favorable international trade policies and less barriers to trade across neighboring countries. A case in point is growing imports of avocadoes in China. A large proportion of import comes through Chile, Mexico, and Peru.

Key markets such as in the U.S. are seeing growth in promotional activities in retail stores and new stores opening up to bolster its prospects in the avocado market. Further, countries including Mexico have ramped up the harvest, thus fueling the evolution of the avocado market.

Global Avocado Market: Notable Development

A number of recipes are enthralling party lovers and those who are on holiday sprees in countries that are major importers of avocado. Major producers of avocadoes are also focusing on popularizing avocadoes in mega events such as sports. A case in point is Mexico. The Government recently announced that it has collaborated with the Government of Qatar on a protocol that will enable the former to export avocados. The Mexican Government wishes to popularize avocado in the next world's biggest football event; the 2022 World Cup is scheduled to take place in Qatar.

Some of the players who are jostling for notable stakes in the avocado market are

Global Avocado Market: Regional Assessment

On the global front, Asia Pacific has contributed sizable revenues to the global avocado market in recent years. A great deal of the growth impetus to the regional market has come from China. The Government has been keen on augmenting the volumes of imports. North America has also been a promising avocado market. However, the production is dependent on the vagaries of the weather conditions, which makes the growth unsteady. On the other hand, end-use industries in Central and South America are increasingly developing products that utilize the nutritional benefits of the fruit, thus catalyzing their prospects in the global avocado market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?