The global avocado market size is expected to gain momentum during the forecast period. This is attributable to the rising cosmetics industry and the growing demand for plant-based diets that propels the demand for innovative avocado powder across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Avocado Powder Market Size, Share and Industry Analysis, By Source (Seed, Pulp, Skin), By Type (Organic, Conventional), By Application (Food and Beverage [Confectionery, Dairy, Dietary Supplements], Cosmetics and Personal Care Products) and Regional Forecast, 2020-2027.”
The novel coronavirus has led to a major downturn in the operations of several industries. Although, disruption in supply chain and raw materials has impacted the several sectors, the food and beverage is anticipated to register steady growth during the forecast period. Owing to huge demand for essential services such as food products, the market is anticipated to remain positive in the wake of the global pandemic in the near future.
Avocado powder is extracted from avocados that are nutrition powerhouse and are widely used for several purposes such as culinary, and cosmetics, among others. This powder adds a distinct flavor when combined to the dishes, dressings, and dips. Owing to their several health benefits, they are extensively preferred across the globe.
What does the Report Include?
The global market for avocado powder report includes detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Rising Cosmetics Industry to Favor Demand
The increasing awareness regarding the benefits of natural skin care products and the growing demand for premium cosmetic products is expected to drive the demand for natural avocado powder products. This powder is widely adopted in the production of cosmetic creams and is used for skin exfoliating purposes across the globe. Furthermore, the rising number of people preferring plant-based diets owing to its several health benefits such as improved gut and immune system is anticipated to contribute to the global avocado powder market growth in the forthcoming years.
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Growing Demand for Fortified Beverages in North America to Spur Demand
Geographically, North America is expected to showcase substantial growth in the global avocado powder during the forecast period. This growth is attributable to the increasing demand for fortified beverages derived out of nutritious avocado powder in the region.
The market in Asia-Pacific is anticipated to experience considerable growth backed by the growing awareness amongst the consumers regarding the health benefits of avocado powder and the availability of high disposable income of the population in the region between 2020 and 2027.
Product Launches by Prominent Companies to Leverage Market Opportunities
The global avocado powder market comprises small, medium, and large companies that are striving to maintain their presence by adopting several organic and inorganic strategies. They are focusing on the introduction of new avocado powder products to cater to the growing demand for nutritional food products that will bode well for the market growth in the forthcoming years.
June 2020 SP Nutraceuticals announced the launch of Metavo, a natural supplement that consists of avocatin B. A powerful bioactive, avocation is found in avocados and aids in maintaining normal blood glucose levels. The product is available in on-the-go avocado powder sachets across stores.
List of the Companies Profiled in the Global Market for Avocado Powder:
- Viechem Marketing and Food Co.
- AvaLov, Organicway Inc.
- Sí o Sí
- Schilling Ltd
- ConnOils LLC
- Tradin Organic Agriculture B.V
- Avocado Global Pte Ltd
- Lemberona Handels GmbH
- Bioprodu C.
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