Avocado Market to be Worth US$21,561.8 mn by 2026 thanks to Growing Awareness about Health Benefits of Consuming Fruits

MarketResearchReports.biz have announced the addition of a new report which is titled, “Avocado Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.” According to the report, the global avocado Market will exhibit a 5.9% CAGR between 2018 and 2026 and rise from US$13,600 Mn by the end of 2018 to US$21,561.8 Mn by 2026. The growth of this market is attributed to the increased consumption of fresh fruits among the millennial. The growing awareness regarding the benefits of fresh fruits and the realization of the adverse effects of junk food on the health are two factors pushing in the growth of the global avocado market.

An increasing number of youngsters are consuming ready to eat and heat and eat fresh food because they help save time. Another factor which is propelling the growth of the avocado market is the increasing penetration of this fruit into new geographies x to the enhanced supply chain techniques which have improved tremendously over the last few years. In addition to this the improved shelf life of fresh fruits will also help Drive the growth prospects of the avocado market. The report not only discusses the various factors helping the market to grow across the globe but also discusses the various challenges which the market faces. One of the key factors challenging the growth of this Market is the isolation of production of avocados in specific geographies.

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The report segments the global avocado market on the basis of nature into conventional and organic. Of these the conventional segment is leading in the market in terms of value as well as volume. The organic segment is expected to witness a stronger growth in terms of CAGR in the developing regions. On the basis of distribution Channel, this Market is segmented into indirect and direct. Of these the indirect segment is leading thanks to the large retail demand for avocado fruit. On the basis of and use, the global avocado Market is segmented into retail, food and beverage industry, personal care, cosmetics, and other end-user Industries. On the basis of source, the global avocado Market is segmented into Reed, hass, fuerte, and others. The report points out the leading, declining, and fastest growing segments and sub segments.

By geography, the report segments the market into North America, Asia Pacific, Europe, and the Rest of the World. It is predicted that the Middle East and Africa will be a key market for avocado. However, it is North America which is expected to dominate the avocado market.

The last section of the report discusses the leading players within the global avocado Market. The names of a few prominent Market players are Henry Avocado Corporation, McDaniel Fruit Co., Del Rey Avocado Co. Inc., Fresh Del Monte Produce Inc., The Horton Fruit Company, Superior Foods Companies, Salud Foodgroup Europe B.V., Brooks Tropicals Holding, Inc., Costa Group Holdings Limited, Olivado USA, West Pak Avocado, Inc., and Calavo Growers, Inc.

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