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.
The
report includes market share of each segment according to the region
with analysis towards market trends respectively. A section of the
report highlights avocado production and demand region wise. It also
provides a market outlook for 2018–2026 and sets the forecast
within the context of the avocado fruit ecosystem, including the new
product developments as well as product offerings in the global
avocado market. This study discusses key trends contributing to the
growth of the global avocado market, as well as analyses the degree
to which drivers are influencing the global market. In addition, it
is imperative to note that in an ever-fluctuating global economy, we
not only conduct forecasts in terms of CAGR but also analyze on the
basis of key parameters such as year-on-year (Y-o-Y) growth to
understand the predictability of the market and to identify the right
opportunities.
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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