Transparency Market Research offers an 8-year forecast for the global avocado market between 2018 and 2026. The global avocado market is expected to register a CAGR of 5.9% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the avocado market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global avocado market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional avocado market. The increasing preference for health-enhancing food in the developed and developing regions is expected to form the major driving force for the avocado market over the forecast period. The health benefits of the avocado fruit are staged as the major marketing strategy for the promotion of the avocado-based products. Over the course of study, findings directed a higher growth rate for the processed avocado products. Retail to form a major volume share over the global avocado market owing to the larger demand for fresh avocados from the consumers.
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The millennial population has increased their consumption of fresh foods the most out of all age groups. They are also using ready-to-eat and heat-n-eat fresh prepared food because these save time and are perceived as quick versions of homemade meals. Younger adults focus on fresh foods and on getting out of the kitchen quickly. Moreover, a rise in the awareness in the consumption of fruits is one factor driving the demand for fruits and vegetables. Also, increasing penetration of avocado into new geographies owing to improved supply chain techniques increasing shelve life of the fresh fruit is expected to boost demand for the avocado high in the retail segment over the forecast period. Isolation of production of avocado into fewer geographies is expected to pose restraint for the avocado market over the forecast period as it is attributed to hinder the penetration of avocado into new regions.
By nature, the global avocado market is segmented into organic and conventional. The conventional segment is expected to dominate the global avocado market in terms of both value volume owing to its low production cost and labor input. An organic segment to experience comparatively stronger growth rates owing to the rapid adoption of organic based food in developed regions.
By form, the global avocado market is segmented into raw and processed. The raw segment is expected to dominate the global avocado market over the forecast period resulted from the larger fresh avocado demand in retail. The processed segment is further classified into oil, guacamole, puree and other sub-segments. Oil and guacamole to stand as the major volume share of the processed avocado segment.
By distribution channel, the avocado market is segmented into direct and indirect. The indirect segment is accounted to be the largest volume share owing to the large retail demand for avocado fruits. The indirect segment is further sub-segmented into store-based retailing and e-retailers. The store-based retailing is comprised of hypermarket/supermarket, convenience stores, independent small grocers, and other store-based retailing.
By end-use, the global avocado market is segmented into food & beverage industry, retail, cosmetics and personal care, and other end-user industries. The source, the global avocado market is segmented into hass, reed, Fuerte, and other avocado sources.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the avocado space. Key players in the global avocado market includes McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks Tropicals Holding, Inc., Salud Foodgroup Europe B.V., Costa Group Holdings Limited, West Pak Avocado, Inc., Olivado USA, and Calavo Growers, Inc.
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