Published on : May 22, 2018
Albany, New York, May 22, 2018: The avocado has achieved enormous popularity over the years. The health benefits of avocado fruit are staged as the major marketing strategy for the promotion of avocado fruits as well as an extensive range of avocado-based products. Recently, a fresh study focusing on the global demand and consumption has been broadcasted to the wide database of Market Research Hub (MRH), which is titled as “Avocado Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”. This 270-page extensive study provides a granular analysis of notable trends and developments, product innovations, drivers and restraining factors, emerging opportunities, and the strategic dynamics in various regions. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global avocado market.
Geographical Analysis and Key Highlights
In terms of geography, the research throw lights on major regions where avocado has been consumed widely. Regions highlighted in the study are North America, Europe, Latin America, MEA and APAC. Avocados have been one of the preferred ingredients in Mexican and Hispanic food items. According to the research key findings, global revenue generated from the avocado market is estimated to be valued at US$ 13,641.2 Mn by the end of 2018 and is expected to increase at a CAGR of 5.9% over the forecast period. By the end of 2026, the market will possibly attain a value worth US$ 21,561.8 Mn.
The increasing preference for health-enhancing food in the developed and developing regions is expected to form a major driving force for the avocado market over the forecast period. Moreover, a rise in the awareness of the consumption of fruits is another key factor driving the demand for fruits and vegetables. In terms of geography, the reports find that Latin America region is expected to dominate the global avocado market over the forecast period in terms of both value share and volume share.
Moving further, the study explains opportunities present in the avocado market by segmenting it on the basis of source, nature, form, region, distribution channel and end-use. By nature, the global avocado market is segmented into organic and conventional. By end-use, the global avocado market is segmented into food & beverage industry, retail, cosmetics and personal care, and other end-user industries. On the other hand, raw and processed are the two major forms of avocado which have been briefly discussed in the study.
Later, the authors of the report have decoratively profiled the key players in order to provide a sound understanding of how the competitive landscape could shape in the near future. Presently, key players active in the global avocado market includes McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Superior Foods Companies, Costa Group Holdings Limited, Fresh Del Monte Produce Inc., Brooks Tropicals Holding, Inc., Salud Foodgroup Europe B.V., West Pak Avocado, Inc., Olivado USA, and Calavo Growers, Inc.
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