Avocado-based Products Market: Introduction
A recent study published by Transparency Market Research on the avocado-based products market includes North America and
Europe industry analysis and opportunity assessment for 2020-2030.
Revenue generated from the avocado-based products market in North America
is estimated to be valued over ~US$ 4.3 Bn in 2020, which is
estimated to rise at a CAGR of 5.4%, to surpass US$ 7.3 Bn
by 2030. Revenue generated from the avocado-based products market in
Europe is estimated to be valued over ~US$ 2.3 Bn in 2020,
which is projected to rise at a CAGR of 7.3%, to cross US$ 4.8 Bn
by 2030.
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Rising Consumer Awareness toward Organic Products
to Boost Sales for Avocado-based Products
Organic food, when compared to conventional food, possesses more
nutrients and antioxidant properties. Consumers have the confidence that
organic food does not cause allergies, owing to the absence of fertilizers,
pesticides, or any other chemicals, while harvesting crops. Organic
avocado-based products are being preferred. Versatile applications of organic
avocado-based products in food & beverages and foodservice industries, and
the household use of avocado-based products is winning customers. Thus, rising
consumer awareness toward organic products is benefiting the market.
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Development of Modern Distribution Channels Leading
to Increased Outreach of Avocado-based Products
Rapid urbanization, rising per capita income, Internet facilities, and
increasing social media influence are factors that have contributed to the
growth of online business in North America and Europe. This has shown positive
impact on the growth of the online retail market leading to increased sales for
avocado-based products. A large number of manufacturers has started marketing
avocado-based products via e-Commerce websites such as Amazon, Walmart, etc. Many
emerging players are also looking to expand their business lines by selling
their products through e-Commerce. Online retailing is the new era of and
advanced platform for selling avocado-based products, which is expected to
positively impact the market growth.
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Spotlight on Better-for-you Snacks to Drive Sales
of Avocado-based Products
Consumers are more frequently including smaller meals throughout the
day, and are in search for healthier options. The demand for better-for-you
snacks are being projected to grow at a significant rate. Fresh snacks,
primarily fruits, including avocados are popular among consumers. Avocado is
known to have high calories, fibers, and low sugar. Inclusion of half avocado
in a day makes one feel full for longer duration of time. A healthy lifestyle
that includes nutritious food can help prevent various diseases. Avocados are
healthy food and can be added in the healthy diet. Vitamins, minerals, and
healthy fats from avocados help to prevent diseases and keep the body in good
working order.
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