PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1385627
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1385627
The global avocado powder market, valued at approximately US$ 600 million in 2024, is set to experience remarkable growth, with sales projected to reach US$ 990 million by the end of 2031, boasting a substantial CAGR of 7.42% during the period from 2024 to 2031. Avocado powder, created by drying ripe avocados and grinding them into a fine powder, is garnering attention for its nutritional benefits and versatility in various culinary applications.
Avocado powder retains the nutritional benefits of fresh avocados, including healthy fats, dietary fiber, vitamins, and minerals. Its versatility makes it a convenient and shelf-stable alternative to fresh avocados in numerous culinary applications. From smoothies and salad dressings to sauces and baked goods, avocado powder adds the rich and creamy flavor of avocados to recipes. It can also serve as a natural food coloring or thickening agent.
Unfavorable Weather Conditions Limit Production: Avocado growth is demanding in terms of soil requirements, and not all regions offer suitable conditions. Limited availability of favorable growing conditions in many areas can hamper global avocado production.
India: A Thriving Market for Avocado Powder Manufacturers India is emerging as a lucrative market for avocado powder manufacturers, with a growing utilization of avocado powder in the foodservice industry. Chefs and foodservice operators are incorporating avocado powder into wholesome and healthy products like frozen desserts and pastries, appealing to health-conscious consumers.
United States: Rising Consumption of Conventional Avocado Powder The United States, a major importer of avocados and related products, is witnessing an increase in the consumption of conventional avocado powder. Its rich nutritional profile and health benefits make it a popular choice among consumers, driving market growth.
Leading companies are diversifying their portfolios and upgrading production facilities to meet the growing demand for avocado powder. Manufacturers of plant-based products are continually introducing innovative offerings with unique ingredients and flavors. Advancements in production processes aim to fulfill consumer desires for healthier beverages while maintaining taste, flavor, texture, and nutritional properties.