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 market size reached US$ 2.07 Billion in 2021. Avocado refers to a large berry with dark green skin and a single seed. It has a creamy and rich texture and can be processed into numerous product types, including guacamole, avocado oil, frozen avocado, avocado sauce, etc. Avocado berries are an excellent source of potassium, fiber, and monosaturated fats and are utilized for improving the fine soup mixes or appetizers, the confection of baked appetizers, production of cosmetics, such as oils, soaps, skin lotions, etc. Consequently, they find extensive application across several sectors, including food and beverage, pharmaceuticals, cosmetics, etc.
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Global Avocado Processing Market Trends:
The emerging trend of westernization of food patterns, on account of the acceptance of various cuisines among the expanding middle class and the inflating demand for healthy processed meals, are primarily driving the global avocado processing market. Besides this, the launch of avocado-based products such as dips, sauces, jams, etc., in the fast-food retailing giants is further stimulating the market growth. Furthermore, the elevating use of the fruit in the production of hair and skin care products in the cosmetics industry is acting as another significant growth-inducing factor. Apart from this, the increasing consumption of the fruit in the Asia-Pacific region, owing to the development in the food retail businesses, is expected to stimulate the avocado processing market over the forecasted period. Looking forward, IMARC Group expects the global avocado processing market to reach US$ 3.16 Billion by 2027, exhibiting at a CAGR of 7.2% during 2022-2027.
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Competitive Landscape with Key Players:
- Wholly
- Yucatan
- Sabra
- PL
- Calvio
- Salud Food Group
- Olivado Group
- Spectrum organics
- Grupo Industrial Batellero
- Sesajal
- The Village Press
Market Segmentation:
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
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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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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.
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