PUBLISHER: Allied Market Research | PRODUCT CODE: 1179660
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179660
The global avocado puree market was valued at $480.3 million in 2021, and is projected to reach $726.6 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031. Avocados contain phytochemicals such as beta-carotene, lycopene, beta-sitosterol, and anti-oxidants. Carotenoids in avocado function as antioxidants and protect healthy cells in eyes. Avocados help in reducing cholesterol levels by decreasing the LDL levels and increasing the HDL in the body, which helps in reducing the risk of cardiovascular diseases. Avocado seeds are used by manufacturers, as they contain 70% more antioxidants than the avocado fruit and also help in reducing the risk of cancer. Innovation in the market is related to the use of avocado in other industry and increase the industry vertical.
The outbreak of the COVID-19 pandemic has increased the demand for healthy food items and fruits & vegetables, as they contain antioxidants and increase immunity. Manufacturers used to face problems as the fruits are lying at the farmer warehouse and field but cannot be transported to the market and factories for further processing. Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply-demand gap. The demand for avocado will increase drastically after the pandemic as people will be demanding more healthy fruits & vegetables for immunity.
The avocado puree market is segmented into category, application, sales channel and region. Based on the category, the market is segmented into organic and conventional. The application are infant food, beverages, smoothies and yogurt, dressings and sauces, and others. By sales channel, the market is segmented into direct and indirect channel. Further, the indirect sales channel is classified into supermarket/hypermarket, convenience stores, and e-retailers. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Belgium, Netherland, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia, Chile, and Rest of LAMEA).
The key players studied in the report are DMH Ingredients Inc., Ferreiro and Company, Florigin Limited, Florigin Limited, Lemon concentrate S.L.U, Markon, SFI Rotterdam BV, Stonehill Produce, Simped Foods Pty Ltd., The Berry Man, The Food Fellas, The Wilatta Group, and Wholly Guacamole.
Key Benefits For Stakeholders
By Category
By Application
By Sales channel
By Region