Global Avocado Extracts Market, By Product Type (Oil, Powder), Category (Organic, Conventional), Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Others), Distribution Channel (Hypermarket/Supermarket, Retail Stores, Online Stores), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Avocado Extracts Market
The avocado extracts market is expected to witness market growth at a rate of 6.10% in the forecast period of 2021 to 2028 and is expected to reach USD 0.80 million by 2028. Data Bridge Market Research report on avocado extracts market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the awareness regarding the fruit’s health benefits globally is escalating the growth of avocado extracts market.
Avocado extract refers to the processed form of the avocado fruit containing the entire essential mineral, vitamins and other ingredients that are beneficial for boosting essential mineral, vitamins and other ingredients. The product consists of trace elements and macro nutrients, healthy monounsaturated fatty acids, nutrients, fibers and abundant potassium among others. It is also believed that avocado extract can be helpful in treating cancer.
The increase in the consumption of the product owning to its various health benefits among consumers, acts as one of the major factors driving the growth of avocado extracts market. The extensive use of the extracts in numerous formulations of products such as food and beverage products, cosmetics, pharmaceuticals and dairy products and growing consciousness among the consumer’s regarding health accelerate the market growth. The rise in demand for the avocado oil in the manufacturing of personal care products and cosmetics as it possesses regenerative and moisturizing properties and rise in consumption of the extracts in both form owning to its antioxidant properties and presence of oleic acid, a monounsaturated omega-9 fatty acid and, lutein further influence the market. Additionally, urbanization, growth in awareness, change in lifestyle and surge in disposable income positively affect the avocado extracts market. Furthermore, product launches of avocado-based products extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, presence of alternative oils such as chia seed oil, olive oil, hemp oil, and other alternative oils is expected to obstruct the market growth. Less availability of avocado in all seasons is projected to challenge the avocado extracts market in the forecast period of 2021-2028.
This avocado extracts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on avocado extracts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Avocado Extracts Market Scope and Market Size
The avocado extracts market is segmented on the basis of product type, category, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the avocado extracts market is segmented into oil and powder.
- On the basis of category, the avocado extracts market is segmented into organic and conventional.
- On the basis of application, the avocado extracts market is segmented into food and beverages, pharmaceuticals and nutraceuticals and others. Food and beverages are further segmented into bakery and confectionary, beverages, dairy and frozen desserts, sweet and savory snacks, and others.
- On the basis of distribution channel, the avocado extracts market is segmented into hypermarket/supermarket, retail stores, and online stores.
Global Avocado Extracts Market Country Level Analysis
The avocado extracts market is analyzed and market size, volume information is provided by country, product type, category, application and distribution channel as referenced above.
The countries covered in the global avocado extracts market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the avocado extracts market because of the high consumption and wide presence in the supermarket to small grocery stores within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the increase in the production of avocado in the region.
The country section of avocado extracts market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Avocado Extracts Market Share Analysis
The avocado extracts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to avocado extracts market.
The major players covered in the avocado extracts market report are NOW Foods, AvoPure, Avocare Corporation, Sesajal S.A de C.V., Cibaria International, Crofts Ltd, AETH SPECIAL OILS TH, Aceitera Mevi, Aconcagua Oil & Extract SA, The Village Press, CalPure Foods, Avocado Health Limited, CalPure Foods, Mevi Avocados, Inc., Madana Inc., Proteco Gold Pty Ltd, Bella Vado Avocado Oil, SPECTRUM ORGANIC PRODUCTS, LLC, Olivado and Chosen Foods LLC. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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