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 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.
Fact.MR report delivers notable insights on all the key avocado extract market players. Profiled players in the avocado extract market include
- Simpson Farms
- Crofts Limited
- Olivado Ltd
- Avocado Global Pte Ltd
- Salud Food Group
- Avocado Oil De Mexico
- Indigo Herbs
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.