Avocado Market to Bag US$21.56 Billion With Rising Preference for Healthy Food Among Vastly Expanding Population - TMR
ALBANY, New York, September 20, 2018
ALBANY, New York, September 20, 2018 /PRNewswire/ --
The global avocado market is anticipated in a report by Transparency Market Research (TMR) to find players setting up new facilities in different locations to boost their distribution efforts. For instance, Henry Avocado Corp. had cut the ribbons on a new distribution center on the Eastern U.S. Coast in June 2018. Moreover, it is expected to open another facility in the West Coast in the near future, according to company president, Phil Henry. The TMR report identifies key players of the global avocado market, viz. McDaniel Fruit Co., Fresh Del Monte Produce Inc., and The Horton Fruit Company.
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TMR envisages the global avocado market to clock a 5.9% CAGR between 2018 and 2026 to obtain a valuation of US$21.56 bn by the final forecast year. In 2016, the global avocado market was valued at a US$13.64 bn. Among end-use industries, retail is expected to take the lead in the global avocado market. This segment was worth a US$7.82 bn in 2017. Regionally, the global avocado market could witness the rise of Latin America dominating on the basis of both revenue and volume. Along with North America, Latin America currently holds a 60.0% collective share of the global avocado market.
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Millennials to Improve Awareness about Avocado Benefits for Healthy Living
The demand in the global avocado market is foreseen to see a rise as a result of the high requirement of healthy food among a vast population of health-conscious people. The global avocado market could receive a strong push in its growth due to increasing popularity of the products among millennials and the younger generation largely focusing on healthy living. High reputation of avocado as one of the healthiest foods is expected to create massive demand in the global market. Moreover, high nutritional content of products offered in the global avocado market could increase sales and benefit manufacturers in terms of revenue growth.
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Risk of Reduced Milk Production in Breastfeeding Mothers to Hamper Consumption
The global avocado market is projected to attract lucrative growth opportunities in the coming years. However, rising awareness about the side effects of using products offered in the global avocado market could stunt the growth of players during the course of the forecast period. Furthermore, the risk of decreased milk production in new mothers or pregnant women is expected to discourage the intake of avocado. Even people with hypersensitivity are advised to not to consume avocado. Overconsumption of avocado can lead to reduced cholesterol level, cause allergy, and affect the liver.
Nonetheless, with appropriate amount of avocado consumed, none of these risks could affect the human body. In fact, there are several benefits associated with the right consumption of avocado. This is foretold to work in the favor of the global avocado market.
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The information presented in this review is based on a TMR report, titled "Avocado Market (Nature - Organic and Conventional; Form - Raw and Processed; Source - Hass, Reed, and Fuerte; Distribution Channel - Direct, Indirect, and Online Retailing; End Use - Food Industry, Retail Industry, and Cosmetics and Personal Care Industry) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026."
The Global Avocado Market has been segmented as presented below:
Global Avocado Market by Nature
Global Avocado Market by Form
- Refined Oil
- Extra Virgin Oil
Global Avocado Market by Source
Global Avocado Market by Distribution Channel
- Store-based Retailing
- Convenience Stores
- Independent Small Groceries
- Store-based Retailing
- Online Retailing
Global Avocado Market by End Use
- Food Industry
- Dairy Products
- Sauces and Dressings
- Bakery Products
- Retail Industry
- Cosmetics and Personal Care Industry
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SOURCE Transparency Market Research