Avocado Extract : Global Market Intelligence ( 2023-2030 )

REPORT OBJECTIVES

The report " Avocado Extract : Global Market Intelligence ( 2023-2030 ) " provides market intelligence on the different market segments, based on Form, End Use, Source, Region, Company etc. Market size and forecast (2020-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The Avocado Extract market was valued at $1,381.3 Million in 2019, and is projected to reach $2,594.1 Million by 2028 growing at a CAGR of 8.38% from 2020 to 2028.

Oil segment is expected to be the highest contributor to this market, with $917.0 Million in 2019, and is anticipated to reach $1,715.9 Million by 2028, registering a CAGR of 8.34%.

Powder segment is anticipated to reach $565.6 Million by 2028 with the highest CAGR of 9.15%.

Oil and Powder segments collectively expected to account for about 86.9% share of the Avocado Extract market in 2019, with the former constituting around 66.4% share.

Powder and Oil segments are expected to witness significant growth rates at a CAGR of 9.15% and 8.34% respectively, during the forecast period.

Presently, share of these two segments is estimated to be around 86.9% in the overall Avocado Extract market in 2019, and is anticipated to reach 87.9% by 2028.

The global avocado extract market is being driven by the increasing consumer awareness of the health benefits associated with avocados, such as their high nutrient content and potential for reducing the risk of chronic diseases.

Furthermore, the growing trend of clean eating and plant-based diets is boosting the demand for avocado-based products, including extracts, as consumers seek natural and wholesome ingredients.

On the other hand, the opportunities in this market lie in the development of innovative avocado extract formulations for use in various industries, such as cosmetics, pharmaceuticals, and food and beverages.

Additionally, the expansion of avocado cultivation in new regions and the exploration of novel extraction technologies offer avenues for market growth, allowing companies to tap into the rising demand for avocado extract across diverse applications..