Transparency
Market Research (TMR), in its recent outlook titled, “Avocado:
Global Industry Analysis and Opportunity Assessment 2018-2026”,
projects that in terms of value, the global revenue of avocado market
will expand at a CAGR of 5.9% during the eight-year forecast period.
In terms of revenue, the global avocado market is estimated at around
US$ 13,600 Mn by the end of 2018 and is anticipated to reach US$
21,561.8 Mn by 2026 end.
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 labour 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 are anticipated to account
for major revenue shares in the processed avocado segment.
Request
to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=42662
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
Transparency Market Research’s report covers recently observed
trends driving each segment and offers analysis and insights
regarding the potential of the avocado market in specific regions
with region wise drivers, restraints, opportunity and trends.
Recently, the millennial population is observed to be generating
higher demand for fresh foods, ready-to-eat foods, and heat-n-eat
fresh prepared foods. Another trend includes increasing consumption
of fruits, which will reportedly fuel the growth of fruits and
vegetables segment. According to research, growing consumer
inclination towards maintaining a healthy lifestyle has led to the
higher consumption of healthy food products and food ingredients. Off
late, consumers have become more conscious about their food intake
and diet. There has been a significant rise in the consumption of
tree nuts, which include nuts, organic fruits, vegetables, and
avocados over the past few years.
In
terms of revenue generation, Latin America and North America
currently account for a collective share of over 60% in the global
avocado market value. Europe and Asia Pacific tend to witness
almost similar growth in terms of volume. Whereas, MEA is expected to
form a strong domestic market for its avocado production.
Detailed
profiles of the key vendors in the global market for avocado 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. Global avocado player 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.
No comments:
Post a Comment