Avocados Market Set for Rapid Growth and Trend by Calavo Growers, Westfalia Fruit, Camposol, Sociedad Agricola Drokasa

Avocados Market was valued at USD 13.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030.

The pandemic has had an impact on the market, mostly as a result of the shutdown of the hospitality sector, which includes hotels, restaurants, and cafes. Nonetheless, consumers' awareness and focus on healthy food increased as a result of remaining at home because of various government directives and lockdown scenarios. Also, handmade and self-prepared meals made from fresh fruits and vegetables have become more popular with consumers. Because avocados are packed with nutrients, customers have begun to substitute avocados for processed foods like pizza and quick noodles. Due to the producers' and farmers' lack of movement caused by the quarantine, there was initially a significant loss of plants in the nurseries.

Superfood snacks have gained popularity among customers in recent years because to its high content of monounsaturated fat, potassium, fibre, folate, and other vital vitamins and minerals. As a result, producers are coming up with new flavours for already popular avocado-based treats. For instance, Earnest Eats introduced a new line of frozen slices of real avocado seasoned with sea salt and spices in November 2020. Three flavours of the new avocado snack line are offered: roasted chipotle, sea salt, and sea salt lime.

Typically, They are found in Mexico and other warm, tropical regions of Central and South America. It provides a significant amount of monounsaturated fats. Salads, savoury foods, sweet dishes, and milkshakes all contain it as an active ingredient. Potassium, fibre, and vitamins A, B, C, E, and K are all abundant in this food. Phytochemicals like beta-carotene, lycopene, beta-sitosterol, and antioxidants are also present in avocados. This include carotenoids, which serve as antioxidants and shield healthy eye cells. By increasing HDL levels and lowering LDL levels, avocados assist lower cholesterol levels, which lowers the risk of cardiovascular illnesses.

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Global Avocados Market: Major Players
Calavo Growers
Costa Group Holdings Ltd
Del Rey Avocado Co. Inc.
Camposol
Sociedad Agricola Drokasa
Henry Avocado Corporation
Fresh Del Monte Produce Inc.
West Pak Avocado, Inc.
Aguacates Seleccionados JBR
Westfalia Fruit
MISSION PRODUCE

Global Avocados Market: By Types
Hass
Green Skin
Others

Global Avocados Market: By Applications
Food
Cosmetic
Medical
Others

Global Avocados Market: Regional Analysis
The countries covered in the regional analysis of the global market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Questions Answered in this Report:
• What is the current Market size at global, regional, and country levels?
• What is the market penetration by different types, Applications, processes/technologies, and distribution channels of the Market?
• How has the global Market developed in past years and how will it perform in the coming years?
• What is the impact of COVID-19, global inflation, Russia-Ukraine war on the Market forecast?
• How diversified is the Market and what are the new product launches, untapped geographies, recent developments, and investments?
• What are the potential regional Market to invest in?
• What is the high-performing type of products to focus on in the Market?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?

Key Takeaways:
• Asia-Pacific held the largest market share in 2023, owing to the growing urbanization and changing consumer lifestyles that are driving up the demand. North America is estimated to grow the fastest during the forecast period of 2023-2032, owing to the rising cases of cardiovascular diseases in the region.
• The growing consumer demand for processed food products is driving growth in the market.
• As consumers become more health conscious, they are consuming more in their daily lives. This boosts the Market since it lowers the risk of heart disease and high blood pressure.
• A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Market Report.

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