Avocado is basically a tree which originates from South-Central Mexico and is a member of the flowering part family called Lauraceae. The fruit of the plant which is also known as avocado is a large berry which includes a single large seed. It is a stone fruit that grows in a warm climate and has a creamy texture. It is mostly cultivated in the tropical and Mediterranean climates of many countries.
MARKET SCOPE
The "Global Avocado Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the avocado market with detailed market segmentation by category, application, and geography. The report provides key statistics on the market status of the leading avocado market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on category, the market is segmented into organic and conventional.
- Based on application, the market is bifurcated into food and beverages, personal care, nutraceuticals, and others.
MARKET DYNAMICS
Drivers
- The shift in the consumer preferences towards a healthy lifestyle has increased the demand for avocados.
- The various health benefits provide by avocado such as increasing vison, preventing heart-related diseases, and the improvement in digestion will drive the growth pf avocado market.
Restraints
- The increase in prices as well as unfavorable weather condition will hamper the growth of avocado market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The avocado market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the avocado market in these regions.
IMPACT OF COVID-19 ON AVOCADO MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The supply of avocado has been affected due to the disruption in the supply chain. Avocados are highly perishable in nature and requires well-coordinated harvesting and post-harvest handling along with uninterrupted cold chains. Thus, delay in the supply chain will affect the quality of avocados as well as will reduce the weight and value of shipments. Whereas the demand for avocado has increase in the pandemic as more and more consumers are consuming healthy food due to the pandemic. The consumption of avocado in Europe will jump 12% in 2020 to 1.48 billion pounds, according to import data, while US demand will increase 7%. Thus, avocado market had a positive as well as negative impact due to COVID.
MARKET PLAYERS
The report covers key developments in the avocado market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from avocado market are anticipated to lucrative growth opportunities in the future with the rising demand for avocado in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the avocado market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Calavo Growers, Inc
- Del Rey Avocado Company, Inc.
- FreshKampo
- Frutas Montosa
- Galillee Export LTD
- MCDANIEL FRUIT CO.
- Salud Foodgroup Europe B.V.
- SFI LLC
- The Horton Fruit Company, Inc
- West Pak Avocado, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.