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Tier 3 Players Hold 45% Market Share of Global Avocado Extract Market - Fact.MR Study
Avocado Extract Market
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Avocado Extract. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Avocado Extract Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Avocado Extract market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Avocado Extract
This newly published and insightful report sheds light on Market Insights of Avocado Extract, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Avocado Extract Market.
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.
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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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“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.
Avocado Oil Accounts for Over Three-Fifth of Avocado Extract Consumption in 2018
The study opines that among different avocado extract products, avocado oil is highly consumed. Along with the health benefits, growing demand for edible oils and application in food & beverage and cosmetics industries are few of the important fillips responsible for the rising consumption of avocado oil.
In addition, rising consumption of packaged and processed foods also contributes to the rising demand for avocado oil which is one of the most widely used ingredients in processed food & beverage products.
Growing appetite for avocado has increased the number of avocado recipes in restaurant menus. In particular, demand for guacamole has surged considerably which, in turn, has increased utilization of avocado puree in commercial and home-based applications.
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More Valuable Insights on Avocado Extract Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Avocado Extract, Sales and Demand of Avocado Extract, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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