Growing Avocado Demand from Cosmetics Industry Boosting Avocado Extract Market | Key Players: impson Farms , Avocare, Olivado Ltd, Avocado Global Pte Ltd

Consumption of avocado extracts is estimated to surpass 211 thousand tonnes in 2019, according to a new Fact.MR study. Besides avocado’s popularity as a fruit, demand for avocado has skyrocketed in past decades owing to its increasing utilization in multiple applications.

Fact.MR finds that demand for avocado powder is rising rapidly wherein volume consumption grew at nearly 8% in 2018. Avocado powder has made its way through the food industry as a super-food which allows the use of avocado fruit along with its nutritious qualities in food production.

“Avocado extract market closely follows avocado supply chain. Low farm prices as well as logistics and operational challenges associated with avocado continue to add volatility in the market. However, efforts to increase production capacities have strengthened the supply chain which is meeting the surging demand for avocado. Amid this scenario, the avocado market generated worth US$ 1.3 billion revenues in 2018,” says a senior analyst at Fact.MR.

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Supply Chain Challenges Impede Avocado Stockpiling

Avocado production is concentrated in Mexico which accounts for 35-45% of the global avocado supply. Other prominent producers include the Dominican Republic, Peru, Colombia, and Indonesia. Demand for avocado has skyrocketed in the past half a decade which has created volatility in the avocado market, particularly lower field prices.

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Surging Demand for Edible Oils with Value-Add Benefits Amplifying Avocado Oil Consumption

As an essential cooking ingredient, demand for edible oil has witnessed a meteoric rise in past decade, owing to the impact of interconnected macro and microeconomic factors. Despite comparatively higher cost of avocado oil, consumption levels have increased significantly, thanks to a rapidly growing health-conscious consumer base.

In addition to the health benefits of avocado oil, steadily growing demand for value-added food products has augured well for sales of avocado extract including avocado oil, wherein extra virgin avocado oil is witnessing a significant demand.

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Avocado Extract Market – Segmentation

The avocado extract market analysis included in the report is based on the thorough understanding of the avocado industry landscape. Based on a thorough analysis, the avocado extract market is segmented based on extract type, source and application.

Based on extract type, the avocado extract market is segmented in oil, powder and puree. Based on source, the avocado extract market is segmented in hass, Fuertes and other sources. Among different applications of the avocado extract, the market study covers food & beverage, cosmetics, dietary supplements and pharmaceuticals.

The avocado extract market analysis is carried out in key regions including North America, Latin America, Europe, Japan, APEJ and MEA. The regional analysis of the avocado extract market includes a thorough country-wise assessment in key countries.

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This release was published on openPR.