Market Research Report
Avocado Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Avocado Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: February 2, 2021
IMARC Services Private Limited
Content info: 109 Pages
Delivery time: 2-3 business days
The global avocado processing market reached a value of US$ 1.92 Billion in 2020. Avocado is used for the confection of baked products (such as cakes), to elaborate fine soup mixes, appetizers, and in the production of cosmetics (oils, skin lotions, soaps, shampoos, etc.) due to its oil content. Avocado can be processed into several products such as guacamole, avocado oils, avocado sauce, frozen products, etc.
A number of broad drivers and trends are currently driving the growth of global avocado processing market. These include rising disposable incomes, changing lifestyles, broadening of food habits, rising demand of processed foods, increasing cosmetic applications, etc. With the confluence of increasing trend of westernization of food patterns and acceptance of different cuisines along with burgeoning middle-class population, the consumption of avocado is rising across the globe. Moreover, the nutritional and health benefits associated with the consumption of avocado is also driving its demand. Avocado is rich in oleic acid, reduces cholesterol and improves heart health, acts as an antioxidant, improves skin, enhances wound healing, and neutralizes free radicals. Looking forward, IMARC Group expects the avocado processing market to exhibit moderate growth during the next five years.